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].

VANCOUVER, British Columbia, Aug. 19, 2025 (GLOBE NEWSWIRE) -- DMG Blockchain Solutions Inc. (TSX-V: DMGI) (OTCQB: DMGGF) (FRANKFURT: 6AX) ("DMG" or the "Company"), a vertically integrated blockchain and data center technology company, announces it will release financial results for its third quarter 2025 ending June 30 on August 25, 2025 before the market open. Third Quarter 2025 Results Conference Call Details The Company will host a conference call to review its results and provide a corporate update on ...

Core Viewpoint - DMG Blockchain Solutions Inc. reported its fiscal second quarter 2025 financial results, highlighting an increase in revenue and advancements in Bitcoin mining and AI strategy, despite a net loss for the period [1][3][8]. Financial Performance - Revenue for Q2 2025 was $12,644,574, an increase of 9% from $11,633,825 in Q1 2025 and up 26% from $10,015,659 in Q2 2024 [4][8]. - The company mined 91.27 Bitcoin during Q2 2025, a decrease from 97 Bitcoin in Q1 2025, ending the period with a total of 458.07 Bitcoin [4][8]. - Operating and maintenance expenses rose to $7,625,097, up from $5,270,851 in the prior year period, primarily due to increased utility costs and new hosting fees [5][8]. - General and administrative costs increased to $1,936,402 compared to $1,846,398 in the prior year, mainly due to financing costs related to a credit facility [7][8]. - The net loss for Q2 2025 was $3,346,351, a decrease of $3,348,566 from the prior year period [8][16]. Assets and Cash Flow - Total assets as of March 31, 2025, were $129,506,488, an increase of $25,637,507 from the previous year, driven by short-term investments and digital currency [8][15]. - Cash, short-term investments, and digital assets totaled $61,900,000 at the end of Q2 2025, down 3% from Q1 2025 but up 42% from Q2 2024 [8]. - Cash flow from operations was negative at -$1,000,000 for Q2 2025, as the company mined $7.1 million more Bitcoin than it sold [8]. Strategic Developments - The company is focusing on increasing its Bitcoin mining hashrate through the deployment of hydro direct-liquid-cooled miners and advancing its AI strategy with new data center infrastructure [3][12]. - DMG is engaging with Canadian public sector entities and private enterprises for off-take agreements to pursue non-dilutive financing opportunities [3][12]. - The Systemic Trust digital asset custody platform is being developed to enhance customer adoption and broaden its capabilities throughout 2025 [3][12].