DMG Blockchain Solutions and Argo Blockchain Sign Crypto Climate Accord

Eco-Forward Blockchain Companies to Support CCA through Implementation of Carbon-Neutral Initiatives and CCA Green Hash Rate Working Group

 

VANCOUVER, British Columbia, May 14, 2021 (GLOBE NEWSWIRE) — DMG Blockchain Solutions Inc. (TSXV: DMGI) (DMGGF: OTCQB) (FSE: 6AX) (“DMG” or the “Company”) a vertically integrated blockchain and cryptocurrency technology company, and Argo Blockchain Plc (OTCQB US: ARBKF), a UK-based global cryptocurrency mining company, today announced their partnership in the Crypto Climate Accord (CCA) to promote the decarbonization of the cryptocurrency industry. Alongside the CCA, DMG and Argo are developing a new working group to more clearly outline the CCA’s objectives, while deploying new technologies that increase the transparency of the renewable energy sourcing of crypto mining.

DMG and Argo, both industry leaders in the development of clean mining, are working with the CCA to ensure the accord’s objectives promote meaningful impact in reducing overall emissions for the crypto industry. The companies are working to align their goals and objectives with the CCA while enhancing current protocols, demonstrating an industry-leading commitment to environmental stewardship and to addressing the criticisms regarding industry greenwashing.

A result of this dialogue has been the refining of the CCA’s objectives, including the addition of a signatory commitment by founding members, DMG and Argo.

An amplified demand in cryptocurrencies has highlighted the ecological impacts that blockchain-based technology can, and will, have on the world. Bitcoin miners around the world currently account for up to an estimated 0.5% of global power usage. There is an immediate and crucial opportunity to decarbonize this growing power usage. In April of this year, founding members of the CCA, a private sector-led initiative, committed to making the cryptocurrency industry powered with 100% renewable energy.

“Since our inception, DMG has been committed to transparency and good governance,” said Sheldon Bennett, CEO of DMG Blockchain Solutions. “Partnering with the Crypto Climate Accord alongside Argo allows us to apply those values to put us on a path to become a more sustainable industry. Together, we can finally put the wheels in motion to transition the cryptocurrency industry into one that focuses on renewable energy.”

“As more data continues to surface regarding Bitcoin and Bitcoin mining’s impact on the environment, it’s imperative that the industry takes real, tangible action,” said Peter Wall, CEO of Argo. “The Crypto Climate Accord helps lay the groundwork for that action and we are both eager and determined to ensure that supporters and signatories remain committed to the CCA’s goals.”

In an effort to decarbonize the global crypto industry by prioritizing climate stewardship and creating the opportunity for the entire crypto industry’s transition to net-zero greenhouse gas emissions by 2040, the CCA has outlined the following objectives:

  • Achieve net-zero emissions from electricity consumption for CCA Signatories by 2030.
  • Develop standards, tools, and technologies with CCA Supporters to accelerate the adoption of and verify progress toward 100% renewably-powered blockchains by the 2025 UNFCCC COP30 conference.

“We are ready to roll up our sleeves and begin developing new solutions in support of the CCA,” said Jesse Morris, Chief Commercial Officer at Energy Web. “Based on early industry feedback about the CCA, we know that this green hash rate solution is critical to assist individual mining facilities prove their use of renewables and the industry as a whole to set an example for other industries to follow. We look forward to working closely with DMG, Argo, and other CCA Supporters to develop this solution and introduce it to the market as quickly as possible.”

With DMG, Argo, and over 40 organizations on board – including 20 prominent cryptocurrency organizations – the CCA is on a path to achieve the stated objectives through the promotion and use of renewable energy solutions. The CCA invites subject matter experts, and others in the space to sign onto and aid in the implementation of the working group.

About DMG Blockchain Solutions Inc.

DMG is a vertically integrated blockchain and cryptocurrency company that manages, operates, and develops end-to-end digital solutions to monetize the blockchain ecosystem. DMG’s businesses are segmented into three main divisions: data centre operations, data analytics & forensics and developing enterprise blockchains. DMG’s data centre operations focus on earning revenues from block rewards and transaction fees by mining primarily bitcoin as well as providing hosting services for industrial mining clients. DMG’s data analytics and forensic services provide technical expertise and software products such as Blockseer Pool, Mine Manager and Walletscore, as well as working with auditors, law firms, and law enforcement organizations. DMG’s permissioned blockchain technology is focused on developing enterprise software for the supply chain management. DMG’s strategy is to become the domain experts across the business verticals it focuses on. DMG’s management team includes seasoned crypto experts, forensic & financial professionals and blockchain developers with deep relationships throughout the industry.

Future changes in the Bitcoin network-wide mining difficulty rate or Bitcoin hashrate may materially affect the future performance of DMG’s production of Bitcoin, and future operational results could also be materially affected by the price of Bitcoin and an increase in hashrate mining difficulty.

For more information on DMG Blockchain Solutions visit: www.dmgblockchain.com
On behalf of the Board of Directors,

Sheldon Bennett, CEO & Director

For further information, please contact:
DMG Blockchain Solutions Inc.
Email: investors@dmgblockchain.com
Web: 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 global leader in cryptocurrency mining with one of the largest and most efficient operations powered by clean energy. The Company is headquartered in London, UK and its shares are listed on the Main Market of the London Stock Exchange under the ticker: ARB and on the OTCQX Best Market in the United States under the ticker: ARBKF.

For more information on Argo Blockchain visit: 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 Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Cautionary Note Regarding Forward-Looking Information

This news release contains forward-looking information based on current expectations. Forward-looking statements contained in this news release include statements regarding the expectations of joining CCA and the benefits therefrom, events, courses of action, and the potential of the Company’s technology and operations, among others, are all forward-looking information. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding looking wording such as “may”, “expect”, “estimate”, “anticipate”, “intend”, “believe” and “continue” or the negative thereof or similar variations. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company, including but not limited to, market and other conditions, volatility in the trading price of the Common Shares, business, economic and capital market conditions; the ability to manage operating expenses, which may adversely affect the Company’s financial condition; the ability to remain competitive as other better financed competitors develop and release competitive products; regulatory uncertainties; access to equipment; market conditions and the demand and pricing for products; the demand and pricing of bitcoins; security threats, including a loss/theft of DMG’s bitcoins; DMG’s relationships with its customers, distributors and business partners; the inability to add more power to DMG’s facilities; DMG’s ability to successfully define, design and release new products in a timely manner that meet customers’ needs; the ability to attract, retain and motivate qualified personnel; competition in the industry; the impact of technology changes on the products and industry; failure to develop new and innovative products; the ability to successfully maintain and enforce our intellectual property rights and defend third-party claims of infringement of their intellectual property rights; the impact of intellectual property litigation that could materially and adversely affect the business; the ability to manage working capital; and the dependence on key personnel. DMG may not actually achieve its plans, projections, or expectations. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the demand for its products, the ability to successfully develop software, that there will be no regulation or law that will prevent the Company from operating its business, anticipated costs, the ability to secure sufficient capital to complete its business plans, the ability to achieve goals and the price of Bitcoin. Given these risks, uncertainties and assumptions, you should not place undue reliance on these forward-looking statements.

The securities of DMG are considered highly speculative due to the nature of DMG’s business.

Factors that could cause actual results to differ materially from those in forward-looking statements include, failure to obtain regulatory approval, the continued availability of capital and financing, equipment failures, lack of supply of equipment, power and infrastructure, failure to obtain any permits required to operate the business, the impact of technology changes on the industry, the impact of Covid-19 or other viruses and diseases on the Company’s ability to operate, secure equipment, and hire personnel, competition, security threats including stolen bitcoins from DMG or its customers, consumer sentiment towards DMG’s products, services and blockchain technology generally, failure to develop new and innovative products, litigation, increase in operating costs, increase in equipment and labor costs, decrease in the price of Bitcoin, failure of counterparties to perform their contractual obligations, government regulations, loss of key employees and consultants, and general economic, market or business conditions. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The reader is cautioned not to place undue reliance on any forward-looking information. The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Additionally, the Company undertakes no obligation to comment on the expectations of, or statements made by third parties in respect of the matters discussed above.

 

 

T
DMG Blockchain Solutions and Argo Blockchain Sign Crypto Climate Accord 1
About the author

Brent Dixon is the owner of E-Crypto News and an early adopter of cryptocurrencies. He is a Book editor- that has edited numerous books on Cryptocurrencies. He has been a writer for more than 30 years. Covering everything from Jazz Music to Blockchain Technology. He currently lives with his wife on Miami Beach, Fl.

Related Posts

E-Crypto News Executive Interviews



bitcoin
Bitcoin (BTC) $ 42,794.00
ethereum
Ethereum (ETH) $ 2,939.18
cardano
Cardano (ADA) $ 2.31
tether
Tether (USDT) $ 1.00
binance-coin
Binance Coin (BNB) $ 350.87
xrp
XRP (XRP) $ 0.942384
solana
Solana (SOL) $ 136.59
polkadot
Polkadot (DOT) $ 29.98
usd-coin
USD Coin (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.210081
USD
EUR
GBP
bitcoinBitcoin (BTC)
$ 42,794.00
ethereumEthereum (ETH)
$ 2,939.18
tetherTether (USDT)
$ 1.00
bitcoin-cashBitcoin Cash (BCH)
$ 517.55
litecoinLitecoin (LTC)
$ 151.87
bitcoinBitcoin (BTC)
36.459,20
ethereumEthereum (ETH)
2.504,09
tetherTether (USDT)
0,851970
bitcoin-cashBitcoin Cash (BCH)
440,94
litecoinLitecoin (LTC)
129,39
bitcoinBitcoin (BTC)
31,226.14
ethereumEthereum (ETH)
2,144.68
tetherTether (USDT)
0.729685
bitcoin-cashBitcoin Cash (BCH)
377.65
litecoinLitecoin (LTC)
110.82

Automated trading with HaasBot Crypto Trading Bots

Crypto Scams

Crypto Scams
Crypto Scams Still Persistent In 2021, SEC Warns About Red Flags To Watch
September 9, 2021
Poly Network
Here’s How Hackers Stole Over $600 million in the Poly Network Attack
August 12, 2021
The World’s Most Infamous Crypto Hacks and Scams
July 31, 2021
Cryptocurrency Exchanges
Cryptocurrency Exchanges and the Plague of Scams and Bans
June 29, 2021
What Role Do Cryptocurrencies Play In The Era Of Ransomware Attacks?
June 9, 2021

Blockchain/Cryptocurrency Questions and Answers

Beginner’s Guide to Investing in Cryptocurrency
August 9, 2021
Short-Sell Cryptocurrency
How to Short-Sell Cryptocurrency: A Brief Overview
July 17, 2021
Klaytn
What Is Klaytn (KLAY) And How Does It Work?
July 16, 2021
Cryptocurrencies
Our Crypto Roundup Interview Asks- Do Cryptocurrencies Have a Future?
July 15, 2021
Solana
What Is Solana (SOL) And How Does It Work?
June 26, 2021


CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin42,612 0.32 % 0.76 % 11.72 %
Ethereum2,914.7 0.15 % 0.99 % 14.96 %
Cardano2.280 0.82 % 0.30 % 3.98 %
Tether0.9986 0.03 % 0.08 % 0.23 %
Binance Coin349.01 0.17 % 2.16 % 15.19 %
XRP0.9364 0.22 % 0.82 % 12.96 %
Solana134.78 0.42 % 4.06 % 20.77 %
Polkadot30.87 2.19 % 17.29 % 10.73 %
USD Coin1.000 0.39 % 0.13 % 0.15 %
Dogecoin0.2079 0.13 % 1.56 % 14.05 %

bitcoin
Bitcoin (BTC) $ 42,794.00
ethereum
Ethereum (ETH) $ 2,939.18
cardano
Cardano (ADA) $ 2.31
tether
Tether (USDT) $ 1.00
binance-coin
Binance Coin (BNB) $ 350.87
xrp
XRP (XRP) $ 0.942384
solana
Solana (SOL) $ 136.59
polkadot
Polkadot (DOT) $ 29.98
usd-coin
USD Coin (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.210081