DMG Blockchain Solutions Announces Preliminary June Operational Results

Core Insights - DMG Blockchain Solutions Inc. reported a decrease in its realized hashrate to 1.56 EH/s in June 2025, down 18% from 1.89 EH/s in May 2025, due to an unscheduled electrical outage and challenges with its hydro infrastructure [1][2][8] - The company is addressing issues with its hydro infrastructure, including contamination from manufacturer quality control problems, and aims to improve its hashrate closer to its potential of 0.4 EH/s [2][3] - DMG plans to source new hydro infrastructure from alternative manufacturers to enhance quality control and efficiency, with a goal to expand its capacity to 3 EH/s by the end of 2025 [3][6] Operational Performance - DMG's bitcoin balance at the end of June was 341 BTC, a decrease from 350 BTC in May, as the company sold bitcoin to fund operating expenses and reduce its loan balance with Sygnum Bank [4][8] - The company mined 23 BTC in June, down from 31 BTC in May 2025 [8] Strategic Developments - DMG has executed a binding agreement to develop a new data processing center in a Canadian province outside of British Columbia, which will utilize low-cost renewable energy and is expected to add approximately 1 EH/s of mining capacity by the second half of 2026 [5][6] - The CEO highlighted ongoing discussions with Canadian governmental agencies, particularly regarding military spending and AI, which may align with DMG's strategic objectives [6] Employee Incentives - DMG granted a total of 201,607 stock options and 1,275,000 restricted stock units (RSUs) to employees and directors, aimed at aligning long-term performance with the company's growth [7]