VANCOUVER, British Columbia, July 04, 2023 (GLOBE NEWSWIRE) — DMG Blockchain Solutions Inc. (TSX-V: DMGI) (OTCQB US: DMGGF) (FRANKFURT: 6AX) (“DMG”), a vertically integrated blockchain and cryptocurrency technology company, today announces June preliminary mining results: DMG mined 53.2 bitcoin with 0.71 EH/s realized hashrate. DMG’s bitcoin balance as of April 30, 2023 was 509 bitcoin.
Prime Trust
In addition to the vast majority of DMG’s digital assets being self custodied, DMG does have a small portion at Prime Trust, a qualified custodian, in the state of Nevada. Recently Prime Trust was issued a cease-and-desist order from the State of Nevada, Department of Business and Industry, Financial Institutions Division (FID) and then subsequently was petitioned to be placed into receivership. DMG currently holds approximately 49 bitcoin and 45 ether which it does not have access to while the FID investigates Prime Trust. The Company does not have a timeline for access to thos
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