DMG Blockchain Options and Argo Blockchain Signal Crypto Local weather Accord

Eco-Ahead Blockchain Firms to Assist CCA via Implementation of Carbon-Impartial Initiatives and CCA Inexperienced Hash Charge Working Group

VANCOUVER, British Columbia, Could 14, 2021 (GLOBE NEWSWIRE) — DMG Blockchain Options Inc. (TSXV: DMGI) (DMGGF: OTCQB) (FSE: 6AX) (“DMG” or the “Firm”) a vertically built-in blockchain and cryptocurrency expertise firm, and Argo Blockchain Plc (OTCQB US: ARBKF), a UK-based world cryptocurrency mining firm, right now introduced their partnership within the Crypto Local weather Accord (CCA) to advertise the decarbonization of the cryptocurrency {industry}. Alongside the CCA, DMG and Argo are creating a brand new working group to extra clearly define the CCA’s targets, whereas deploying new applied sciences that enhance the transparency of the renewable vitality sourcing of crypto mining.

DMG and Argo, each {industry} leaders within the growth of unpolluted mining, are working with the CCA to make sure the accord’s targets promote significant affect in decreasing total emissions for the crypto {industry}. The businesses are working to align their objectives and targets with the CCA whereas enhancing present protocols, demonstrating an industry-leading dedication to environmental stewardship and to addressing the criticisms concerning {industry} greenwashing.

A results of this dialogue has been the refining of the CCA’s targets, together with the addition of a signatory dedication by founding members, DMG and Argo.

An amplified demand in cryptocurrencies has highlighted the ecological impacts that blockchain-based expertise can, and can, have on the world. Bitcoin miners around the globe at present account for as much as an estimated 0.5% of world energy utilization. There’s a direct and essential alternative to decarbonize this rising energy utilization. In April of this 12 months, founding members of the CCA, a personal sector-led initiative, dedicated to creating the cryptocurrency {industry} powered with 100% renewable vitality.

“Since our inception, DMG has been dedicated to transparency and good governance,” stated Sheldon Bennett, CEO of DMG Blockchain Options. “Partnering with the Crypto Local weather Accord alongside Argo permits us to use these values to place us on a path to grow to be a extra sustainable {industry}. Collectively, we will lastly put the wheels in movement to transition the cryptocurrency {industry} into one which focuses on renewable vitality.”

“As extra knowledge continues to floor concerning Bitcoin and Bitcoin mining’s affect on the surroundings, it’s crucial that the {industry} takes actual, tangible motion,” stated Peter Wall, CEO of Argo. “The Crypto Local weather Accord helps lay the groundwork for that motion and we’re each keen and decided to make sure that supporters and signatories stay dedicated to the CCA’s objectives.”

In an effort to decarbonize the worldwide crypto {industry} by prioritizing local weather stewardship and creating the chance for your complete crypto {industry}’s transition to net-zero greenhouse fuel emissions by 2040, the CCA has outlined the next targets:

  • Obtain net-zero emissions from electrical energy consumption for CCA Signatories by 2030.

  • Develop requirements, instruments, and applied sciences with CCA Supporters to speed up the adoption of and confirm progress towards 100% renewably-powered blockchains by the 2025 UNFCCC COP30 convention.

“We’re able to roll up our sleeves and start creating new options in help of the CCA,” stated Jesse Morris, Chief Business Officer at Vitality Net. “Based mostly on early {industry} suggestions in regards to the CCA, we all know that this inexperienced hash fee resolution is vital to help particular person mining services show their use of renewables and the {industry} as a complete to set an instance for different industries to comply with. We look ahead to working intently with DMG, Argo, and different CCA Supporters to develop this resolution and introduce it to the market as shortly as attainable.”

With DMG, Argo, and over 40 organizations on board – together with 20 outstanding cryptocurrency organizations – the CCA is on a path to realize the said targets via the promotion and use of renewable vitality options. The CCA invitations subject material consultants, and others within the area to signal onto and assist within the implementation of the working group.

About DMG Blockchain Options Inc.

DMG is a vertically built-in blockchain and cryptocurrency firm that manages, operates, and develops end-to-end digital options to monetize the blockchain ecosystem. DMG’s companies are segmented into three fundamental divisions: knowledge centre operations, knowledge analytics & forensics and creating enterprise blockchains. DMG’s knowledge centre operations deal with incomes revenues from block rewards and transaction charges by mining primarily bitcoin in addition to offering internet hosting companies for industrial mining purchasers. DMG’s knowledge analytics and forensic companies present technical experience and software program merchandise reminiscent of Blockseer Pool, Mine Supervisor and Walletscore, in addition to working with auditors, legislation companies, and legislation enforcement organizations. DMG’s permissioned blockchain expertise is targeted on creating enterprise software program for the provision chain administration. DMG’s technique is to grow to be the area consultants throughout the enterprise verticals it focuses on. DMG’s administration group contains seasoned crypto consultants, forensic & monetary professionals and blockchain builders with deep relationships all through the {industry}.

Future modifications within the Bitcoin network-wide mining issue fee or Bitcoin hashrate might materially have an effect on the long run efficiency of DMG’s manufacturing of Bitcoin, and future operational outcomes may be materially affected by the value of Bitcoin and a rise in hashrate mining issue.

For extra data on DMG Blockchain Options go to: www.dmgblockchain.com
On behalf of the Board of Administrators,

Sheldon Bennett, CEO & Director

For additional data, please contact:
DMG Blockchain Options Inc.
E mail: traders@dmgblockchain.com
Net: www.dmgblockchain.com

Investor Relations Contact:
CORE IR 516-222-2560

For Media Inquiries:
Jules Abraham, Head of Public Relations
CORE IR
jabraham@coreir.com

About Argo Blockchain Plc

Argo Blockchain plc is a world chief in cryptocurrency mining with one of many largest and most effective operations powered by clear vitality. The Firm is headquartered in London, UK and its shares are listed on the Predominant Market of the London Inventory Change beneath the ticker: ARB and on the OTCQX Greatest Market in the USA beneath the ticker: ARBKF.

For extra data on Argo Blockchain go to: www.argoblockchain.com

Contacts:

North America
Wachsman: argo@wachsman.com
Tel: +1-212-835-2511

Europe
Salamander Davoudi
salamander@tancredigroup.com
Tel: +44 7957 549 906

Emma Valgimigli
emma@tancredigroup.com
Tel: +44 7727 180 873

Neither the TSX Enterprise Change nor its Regulation Service Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Change) accepts accountability for the adequacy or accuracy of this information launch.

Cautionary Observe Relating to Ahead-Trying Data

This information launch accommodates forward-looking data based mostly on present expectations. Ahead-looking statements contained on this information launch embody statements concerning the expectations of becoming a member of CCA and the advantages therefrom, occasions, programs of motion, and the potential of the Firm’s expertise and operations, amongst others, are all forward-looking data. Ahead-looking statements encompass statements that aren’t purely historic, together with any statements concerning beliefs, plans, expectations or intentions concerning the long run. Such data can usually be recognized by way of forwarding wanting wording reminiscent of “might”, “anticipate”, “estimate”, “anticipate”, “intend”, “imagine” and “proceed” or the adverse thereof or comparable variations. The reader is cautioned that assumptions used within the preparation of any forward-looking data might show to be incorrect. Occasions or circumstances might trigger precise outcomes to vary materially from these predicted, because of quite a few identified and unknown dangers, uncertainties, and different components, a lot of that are past the management of the Firm, together with however not restricted to, market and different circumstances, volatility within the buying and selling worth of the Widespread Shares, enterprise, financial and capital market circumstances; the flexibility to handle working bills, which can adversely have an effect on the Firm’s monetary situation; the flexibility to stay aggressive as different higher financed rivals develop and launch aggressive merchandise; regulatory uncertainties; entry to gear; market circumstances and the demand and pricing for merchandise; the demand and pricing of bitcoins; safety threats, together with a loss/theft of DMG’s bitcoins; DMG’s relationships with its prospects, distributors and enterprise companions; the lack so as to add extra energy to DMG’s services; DMG’s means to efficiently outline, design and launch new merchandise in a well timed method that meet prospects’ wants; the flexibility to draw, retain and inspire certified personnel; competitors within the {industry}; the affect of expertise modifications on the merchandise and {industry}; failure to develop new and modern merchandise; the flexibility to efficiently keep and implement our mental property rights and defend third-party claims of infringement of their mental property rights; the affect of mental property litigation that might materially and adversely have an effect on the enterprise; the flexibility to handle working capital; and the dependence on key personnel. DMG might not truly obtain its plans, projections, or expectations. Such statements and data are based mostly on quite a few assumptions concerning current and future enterprise methods and the surroundings by which the Firm will function sooner or later, together with the demand for its merchandise, the flexibility to efficiently develop software program, that there will likely be no regulation or legislation that may forestall the Firm from working its enterprise, anticipated prices, the flexibility to safe ample capital to finish its enterprise plans, the flexibility to realize objectives and the value of Bitcoin. Given these dangers, uncertainties and assumptions, you shouldn’t place undue reliance on these forward-looking statements.

The securities of DMG are thought of extremely speculative because of the nature of DMG’s enterprise.

Elements that might trigger precise outcomes to vary materially from these in forward-looking statements embody, failure to acquire regulatory approval, the continued availability of capital and financing, gear failures, lack of provide of kit, energy and infrastructure, failure to acquire any permits required to function the enterprise, the affect of expertise modifications on the {industry}, the affect of Covid-19 or different viruses and illnesses on the Firm’s means to function, safe gear, and rent personnel, competitors, safety threats together with stolen bitcoins from DMG or its prospects, shopper sentiment in direction of DMG’s merchandise, companies and blockchain expertise usually, failure to develop new and modern merchandise, litigation, enhance in working prices, enhance in gear and labor prices, lower within the worth of Bitcoin, failure of counterparties to carry out their contractual obligations, authorities rules, lack of key workers and consultants, and common financial, market or enterprise circumstances. Ahead-looking statements contained on this information launch are expressly certified by this cautionary assertion. The reader is cautioned to not place undue reliance on any forward-looking data. The forward-looking statements contained on this information launch are made as of the date of this information launch. Besides as required by legislation, the Firm disclaims any intention and assumes no obligation to replace or revise any forward-looking statements, whether or not because of new data, future occasions or in any other case. Moreover, the Firm undertakes no obligation to touch upon the expectations of, or statements made by third events in respect of the issues mentioned above.

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