DMG Blockchain Solutions Reports Third Quarter 2025 Results

Core Insights - DMG Blockchain Solutions Inc. reported its fiscal third quarter 2025 financial results, highlighting advancements in bitcoin mining and AI infrastructure, alongside a focus on digital asset custody for long-term growth [1][3]. Financial Performance - Revenue for Q3 2025 was $11.6 million, a decrease of 8% from $12.6 million in Q2 2025, but an increase of 40% from $8.3 million in Q3 2024 [4][9]. - Bitcoin mined in Q3 2025 totaled 84 bitcoin, down from 91 bitcoin in Q2 2025 and 87 bitcoin in Q3 2024 [9]. - The net loss for Q3 2025 was $0.4 million, an improvement from a net loss of $3.3 million in Q2 2025 [9]. Cost Structure - Operating and maintenance expenses increased to $6.5 million in Q3 2025 from $4.7 million in the same period last year, primarily due to higher utility costs and hosting fees [5][6]. - General and administrative costs rose to $1.9 million in Q3 2025, up from $1.5 million in the prior year, driven by increased professional fees and wages [6]. Asset and Investment Overview - Total assets as of June 30, 2025, were $133.6 million, reflecting a 20% increase from $111.5 million a year earlier, largely due to short-term investments and digital currency revaluation [7][9]. - Cash, short-term investments, and digital assets amounted to $61.8 million at the end of Q3 2025, remaining stable compared to Q2 2025 [9]. Strategic Initiatives - The company has fully operationalized 6 megawatts of hydro-enabled bitcoin mining and is advancing its AI infrastructure strategy with a new 2-megawatt data center [3]. - DMG is positioning its Systemic Trust digital asset custody business to leverage the growth of digital asset funds and treasuries [3].