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DMG Blockchain Solutions Reports First Quarter 2026 Financial Results
Globenewswire· 2026-02-26 02:25
Core Insights - DMG Blockchain Solutions Inc. reported its fiscal first quarter 2026 unaudited financial results, highlighting a focus on its core data center operations and digital asset financial services [1][3] Financial Performance - Revenue for Q1 2026 was $11.2 million, a decrease of 4% from $11.6 million in Q1 2025, primarily due to a $1.8 million drop in digital currency mining revenues, partially offset by $1.5 million from energy efficiency incentives [4][10] - Operating and maintenance expenses remained stable at $6.7 million, while general and administrative costs slightly increased to $1.9 million due to higher consulting fees related to AI strategy investments [5] - Depreciation expenses decreased to $3.5 million from $4.3 million in Q1 2025, reflecting the declining balance depreciation method [6] - The net loss for Q1 2026 was $2.2 million, an improvement from a net loss of $3.1 million in Q1 2025, attributed to reduced operating losses and foreign exchange impacts [7] - Comprehensive income/loss showed a significant decline, moving from a gain of $12.2 million in Q1 2025 to a loss of $16.5 million in Q1 2026, mainly due to unrealized valuation losses on digital currency [8] Asset and Cash Position - Total assets as of December 31, 2025, were $122.0 million, down from $132.0 million at the end of September 2025, driven by a $6.0 million decrease in digital asset valuations and $3.1 million in fixed asset depreciation [9][10] - Cash, short-term investments, and digital assets totaled $58.6 million at the end of Q1 2026, a decrease of 10% from $65.2 million at year-end 2025 [10] Operational Highlights - The company mined 69 bitcoins in Q1 2026, down from 97 bitcoins in Q1 2025, while the hashrate increased by 10% to 1.76 EH/s [10] - DMG is converting its Christina Lake facility into an AI data center with a capacity of at least 50 megawatts, aiming to fill an industry gap in available capacity [3] Future Outlook - The company is actively pursuing AI off-takers and potential government partnerships to drive future revenue growth through its Systemic Trust initiative [3]
Luxxfolio Commences Litecoin Mining Operations
TMX Newsfile· 2026-02-11 11:00
Vancouver, British Columbia--(Newsfile Corp. - February 11, 2026) - Luxxfolio Holdings Inc. (CSE: LUXX) (OTCQB: LUXFF) (FSE: LUH0) ("Luxxfolio" or the "Company"), a leading Litecoin treasury and infrastructure company, is pleased to announce that it has commenced Litecoin mining operations, marking an important milestone in the execution of its Litecoin-focused strategy.Luxxfolio has commenced Litecoin mining operations, using the Scrypt algorithm, under a hosting agreement with DMG Blockchain Solutions In ...
DMG Blockchain Solutions Announces Receipt of $1.5 Million Energy Efficiency Incentive, January Preliminary Operational Results
Globenewswire· 2026-02-06 06:32
Core Insights - DMG Blockchain Solutions Inc. has been awarded a $1.5 million energy efficiency incentive for deploying hydro direct liquid cooled (DLC) server technology at its Christina Lake data center [1][2] - The energy efficiency study conducted by an independent third party indicated significant energy savings from converting to DLC technology [2] - DMG's CEO highlighted the project's importance for future hydro implementations and the company's goal to transform the Christina Lake facility into a world-class AI data center [3] Operational Performance - In January 2026, DMG's hashrate averaged 1.69 EH/s, a decrease from 1.77 EH/s in December 2025, as the company prioritized profitability over hashrate generation [4][9] - The company held 414 bitcoins at the end of January, having liquidated some mined bitcoins to fund operations, compared to 403 bitcoins in December 2025 [4][9] Strategic Developments - DMG faced delays in acquiring a property in Boardman, Oregon, and has suspended guidance on the timing of the transaction [5] - Steven Eliscu has been appointed as Corporate Secretary, in addition to his role as Chief Operating Officer, succeeding Catherine Cox [6] Company Overview - DMG is a vertically integrated blockchain and data center technology company focused on sustainable practices and monetizing the blockchain ecosystem [7]
DMG Blockchain Solutions Announces December Preliminary Operational Results
Globenewswire· 2026-01-06 04:45
Core Operational Results - At the end of December 2025, DMG Blockchain Solutions Inc. held 403 bitcoin, an increase from 380 bitcoin in November 2025, as the company limited liquidations to rebuild its bitcoin balance [1][7] - The company mined 23 bitcoin in December 2025, compared to 22 bitcoin in November 2025 [7] Strategic Initiatives - DMG is in discussions to convert its Christina Lake facility into a world-class AI data center, which is expected to be transformational for the company [2] - The company is cultivating relationships with the Canadian government, enterprises, and Indigenous communities to establish a significant AI colocation business [2] Financial Incentives - DMG granted a total of 186,680 stock options and 2,275,000 restricted stock units (RSUs) to employees and directors, with options exercisable over five years at a price of $0.28 per share [3] - The RSUs will vest in one year, aimed at aligning long-term performance with the company's growth [3] Company Overview - DMG is a sustainable, vertically integrated blockchain and data center technology company focused on monetizing the blockchain ecosystem through comprehensive platform solutions [4] - The company's operations are driven by two strategic pillars: Core and Core+, emphasizing vertical integration and environmentally responsible practices [4]
DMG Blockchain Solutions Reports Fourth Quarter and Full Year 2025 Audited Results
Globenewswire· 2025-12-18 12:30
VANCOUVER, British Columbia, Dec. 18, 2025 (GLOBE NEWSWIRE) -- DMG Blockchain Solutions Inc. (TSX-V: DMGI) (OTCQB US: DMGGF) (FRANKFURT: 6AX) (“DMG”), a vertically integrated blockchain and data center technology company, today announces its fiscal fourth quarter and full year audited 2025 financial results. All financial references are in Canadian Dollars unless specified otherwise. Readers are encouraged to review the Company’s September 30, 2025 full year audited financial statements and management’s dis ...
DMG Blockchain Solutions Inc. Announces Fourth Quarter and Full Year 2025 Earnings Release Date and Conference Call Details
Globenewswire· 2025-12-18 02:30
Core Viewpoint - DMG Blockchain Solutions Inc. will release its audited financial results for the fourth quarter and full year 2025 on December 18, 2025, before the market opens [1] Financial Results Announcement - The company will host a conference call on December 18, 2025, at 4:30 PM ET to review its financial results and provide a corporate update [2] - Participants can register for the call via a provided link [2] Q&A Session - A live Q&A session will be available during the conference call, with management addressing pre-submitted questions [3] - Questions can be submitted via email until 2:00 PM ET on December 18, 2025 [3] Company Overview - DMG is a publicly traded, vertically integrated blockchain and data center technology company [4] - The company manages and develops digital solutions to monetize digital assets and AI compute ecosystems [4] - Systemic Trust Company, a subsidiary of DMG, plays a key role in its carbon-neutral Bitcoin ecosystem [4] - DMG offers a Bitcoin blockchain explorer called Blockseer Explorer, which is freely available [4]
DMG Blockchain Solutions Inc. Announces Fourth Quarter and Full Year 2025 Earnings Release Date and Conference Call Details
Globenewswire· 2025-12-18 02:30
Core Viewpoint - DMG Blockchain Solutions Inc. will release its audited financial results for the fourth quarter and full year 2025 on December 18, 2025, before market opening [1] Financial Results Announcement - The company will host a conference call on December 18, 2025, at 4:30 PM ET to review its financial results and provide a corporate update [2] - Participants can register for the call via a provided link [2] Q&A Session - A live Q&A session will be available during the conference call, with management addressing pre-submitted questions [3] - Questions can be submitted via email until 2:00 PM ET on December 18, 2025 [3] Company Overview - DMG is a publicly traded, vertically integrated blockchain and data center technology company [4] - The company manages and develops digital solutions to monetize digital assets and AI compute ecosystems [4] - Systemic Trust Company, a subsidiary of DMG, plays a key role in its carbon-neutral Bitcoin ecosystem [4] - DMG offers a Bitcoin blockchain explorer called Blockseer Explorer, which is freely available [4]
DMG Blockchain Solutions Announces AI Strategy Update and November Preliminary Operational Results
Globenewswire· 2025-12-04 21:18
Core Insights - DMG Blockchain Solutions Inc. is transitioning its Christina Lake data center from Bitcoin mining to a dedicated AI data center, aiming to build a 50-megawatt liquid-cooled facility to support advanced GPU hardware [1] - The company is focusing on partnerships to maximize the monetization of its Christina Lake asset, given the limited availability of renewable energy sites in Canada [1] - DMG has withdrawn its previous Bitcoin mining hashrate target of 3 EH/s, redirecting efforts towards the AI conversion of its facilities [3] Financial and Operational Updates - In November 2025, DMG's Bitcoin mining hashrate increased to 1.81 EH/s from 1.75 EH/s in October, with the company holding 380 Bitcoin at the end of November, up from 359 Bitcoin in October [5][8] - The company mined 22 Bitcoin in November, slightly down from 23 Bitcoin in October [8] Strategic Partnerships and Community Engagement - DMG is committed to forming partnerships with Indigenous communities and is working with the Canadian government to develop a pan-Canadian approach for sovereign AI [4] - The CEO emphasized the importance of maximizing shareholder returns through the dedicated AI data center while maintaining a foundational role for Bitcoin mining in the company's overall strategy [4] Asset Acquisition - DMG is in the process of closing a transaction for a 27,600 square foot building on 8 acres of leased land in Boardman, Oregon, with an option for an additional 10 acres [2]
DMG Blockchain Solutions Announces Asset Purchase to Establish its First US-based Data Center, October Preliminary Operational Results
Globenewswire· 2025-11-04 07:59
Core Insights - DMG Blockchain Solutions Inc. has signed a letter agreement to purchase a 27,600 square foot building on 8 acres of leased land in Boardman, Oregon, with an option for an additional 10 acres [1][2] - The property is strategically located in a data center hub, providing access to significant connectivity and power, which aligns with DMG's long-term expansion strategy [2][3] - The company plans to establish its first US-based data center, complementing its efforts to develop AI infrastructure in Canada [3][5] Property and Expansion Plans - The existing building can be retrofitted for high-performance computing (HPC) or new HPC facilities can be constructed on the 18-acre site [4] - DMG is currently in discussions with local utilities to expand power availability, which is expected to be a primary constraint for future growth [4][5] - Initial operations may include limited Bitcoin mining to utilize power allocation, with plans for further expansion over time [3][5] Operational Performance - Preliminary operational results for October 2025 indicate a hashrate of 1.75 EH/s, an increase from 1.65 EH/s in September, attributed to cooler temperatures [6][9] - The company held 359 BTC at the end of October, up from 342 BTC in September, while maintaining a consistent mining output of 23 BTC [6][9]
DMG Blockchain Solutions Announces Additional Partnership with Malahat Nation to Establish Indigenous-Led Regulated Utility for Clean Energy and AI Infrastructure
Globenewswire· 2025-10-28 06:50
Core Insights - DMG Blockchain Solutions Inc. has signed a second Memorandum of Understanding (MOU) with Malahat Nation's Economic Development Corporation to establish the Malahat-DMG Utility Limited Partnership, which aims to create a regulated utility for providing electricity and natural gas to clean technology and digital infrastructure projects on Malahat lands [1][2][3] Partnership Development - The new MOU builds on a previous agreement from 2024, which outlined plans to develop 30 megawatts of AI data centers, marking the first Indigenous-led AI data centers in Canada [2] - The partnership will involve joint development and operation of energy infrastructure, including substation upgrades and utility interconnections, to ensure stable and sustainable power for AI computing and renewable energy projects [3] Economic and Cultural Impact - The collaboration aims to empower Indigenous energy sovereignty, combining Malahat Nation's economic development leadership with DMG's expertise in power infrastructure and data center design [4] - The initiative is expected to create long-term job opportunities, training programs, and cultural investments for Malahat members, fostering a new era of Indigenous-owned clean energy systems [4][5] Leadership Statements - Malahat Nation's Chief emphasized that the partnership is about sovereignty and aligning growth with environmental values [5] - DMG's CEO expressed honor in collaborating with Malahat Nation to create a Canadian Indigenous-led regulated utility, highlighting the integration of clean energy generation and digital infrastructure [5] Stock Options and RSUs - DMG has granted stock options and restricted stock units (RSUs) to employees and directors, totaling 188,170 stock options and 1,250,000 RSUs, aimed at aligning long-term performance with the company's growth [6]