DMG Announces Steven Eliscu Joining as Chief Operating Officer

DMG Blockchain Solutions Inc., a vertically integrated blockchain and cryptocurrency technology company, announces that Steven Eliscu has joined the management team as Chief Operating Officer.

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Steven Eliscu, previously an Independent Director of the Company, is a seasoned executive having held senior leadership roles at companies in the blockchain and semiconductor-related industries. Most recently, Steven worked as Head of Finance for DSP Concepts, a Silicon Valley embedded software company. Previously, he was Sr. Director of Finance at Bitfury, an international blockchain technology company, and has consulted for several blockchain startups. Steven will be focused on honing the Company’s execution of its “Core and Core+” strategy while leveraging his 9 years of experience at UBS as a Senior Equity Research Analyst to enhance DMG’s shareholder engagement efforts.

Mr. Eliscu commented, “I am excited to be re-joining DMG in a leadership role to help manage the dramatic growth the Company is undergoing as well as providing investors clear insight for the drivers of our strategy of monetizing both bitcoin creation and bitcoin transactions in the coming years. It is my goal for DMG to be regarded as the preeminent cryptocurrency company for mining green and transacting clean.”

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Steven will be working closely with CEO Sheldon Bennett and the DMG team to grow the Company’s mining capacity while staying focused on its 12-month or less ROI framework, as well as expanding DMG’s software capabilities to ensure bitcoin transactions meet the highest level of ESG and regulatory compliance standards. “Steven brings a wealth of experience and complementary skills that will make DMG more effective in delivering returns to shareholders. Steven is keenly aware of what investors expect from DMG and is laser-focused on delivering results that will enable DMG to achieve its goals,” said Sheldon Bennett, DMG’s CEO.

DMG also wishes to announce the granting of 2,730,000 stock options (“Options”) to directors and employees of the Company. The Options are exercisable for a period of five years at a price of $0.37 per share and will vest as to 25% on each of the six, twelve, eighteen and twenty-four month anniversary of the grant date.

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