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DMG Blockchain Solutions Achieves SOC 2 Type II Compliance, Purchases First Tranche of Hydro Miners

Press Release

VANCOUVER, British Columbia, Nov. 11, 2024– DMG Blockchain Solutions Inc. (TSX-V: DMGI) (OTCQB US: DMGGF) (FRANKFURT: 6AX) (“DMG”), a leading vertically integrated blockchain and data center technology company, announces that it has achieved SOC 2 Type II compliance in accordance with the American Institute of Certified Public Accountants (AICPA) standards for SOC for Service Organizations also known as SSAE 18. This rigorous standard is designed to protect client data by verifying that a service provider’s systems and processes meet the AICPA Trust Services Criteria, giving clients added confidence in the company’s approach to security and regulatory compliance. Achieving this standard with an unqualified opinion serves as third-party industry validation that DMG provides enterprise-level security for customer data secured in DMG’s Terra Pool.

The independent SOC 2 Type II audit, performed by an authorized third-party auditor, provided DMG with a verified compliance attestation, confirming that the company’s security controls and processes meet these stringent requirements. With this attestation, DMG demonstrates its commitment to operational excellence and data security best practices, reflecting the company’s focus on supporting client trust and satisfaction across its services.

DMG’s CEO, Sheldon Bennett commented: “As SOC 2 Type II compliance becomes a requirement for any digital asset company that deals with sensitive customer data, we are proud that when we onboard Terra Pool clients, they can have complete confidence in DMG’s approach to security and regulatory compliance. Virtually all large financial enterprises and public companies prefer working with software platforms that are SOC 2 Type II certified, as their policies on compliance and security normally default to using such vendors; blockchain software is no exception. As security threats are constantly evolving and we continue to upgrade our software infrastructure to support Terra Pool, achieving SOC 2 Type II compliance is a validation of not only the work we have accomplished so far, but also it is part of an ongoing process to continually improve our systems and stay ahead of new security threats to protect customer data in the future.”

DMG Purchases its First Tranche of Bitmain Hydro Miners

DMG has purchased Bitmain S21 Hydro miners for slightly below $15 per TH/s to fill its first one-megawatt hydro mining container (with the remaining five megawatts of hydro mining capacity to be ordered in the near future). At 16 J/TH, this first tranche of hydro miners represents the most efficient miners in DMG’s mining fleet and should produce 63 PH/s. These hydro miners are expected to be received at DMG’s Christina Lake facility near the end of the calendar year when the Company anticipates it will have received and installed its six one-megawatt hydro containers. DMG expects to order, receive and install the hydro miners for the remaining five one-megawatt hydro containers in early calendar 2025.

About Terra Pool

Terra Pool is the world’s first carbon neutral Bitcoin mining pool, designed to reward miners with carbon neutral bitcoin. It plays a crucial role in advancing a carbon neutral Bitcoin ecosystem. When integrated with DMG’s subsidiary, Systemic Trust, a digital asset custodian, financial institutions and content creators will gain the ability to send Bitcoin in a carbon neutral and regulatory-compliant manner.

About DMG Blockchain Solutions Inc.

DMG is a sustainable, vertically integrated blockchain and data center technology company that develops, manages, and operates comprehensive platform solutions to monetize the blockchain ecosystem. The company’s operations are driven by two strategic pillars: Core and Core+, both unified by DMG’s commitment to vertical integration and environmentally responsible practices. DMG’s subsidiary Systemic Trust Corporation is focused on custody of digital assets.

For more information on DMG Blockchain Solutions visit: www.dmgblockchain.com
Follow @dmgblockchain on X, LinkedIn, Facebook and subscribe to DMG’s YouTube channel.

For further information, please contact:
On behalf of the Board of Directors,

Sheldon Bennett, CEO & Director
Tel: +1 (778) 300-5406
Email: investors@dmgblockchain.com
Web: www.dmgblockchain.com

For Investor Relations:
investors@dmgblockchain.com

For Media Inquiries:

Chantelle Borrelli
Head of Communications
chantelle@dmgblockchain.com

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