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DMG Blockchain Solutions Announces Preliminary September Operational Results
Globenewswireยท 2025-10-08 02:45
Core Insights - DMG Blockchain Solutions Inc. reported a hashrate of 1.65 EH/s in September 2025, an increase from 1.53 EH/s in August, aligning with July's performance [1][7] - The company held 342 BTC at the end of September, up from 324 BTC in August, as it utilized its debt facility to limit bitcoin liquidations [2][7] - DMG is focusing on artificial intelligence (AI) and digital asset financial services as key growth areas, with ongoing efforts to secure agreements with the Malahat First Nation for AI and power generation [3][4] Operational Performance - The hashrate for September 2025 was 1.65 EH/s, compared to 1.53 EH/s in August 2025, indicating a recovery in operational capacity [1][7] - The company mined 23 BTC in September, consistent with the amount mined in August [7] Financial Strategy - DMG is deferring changes to its treasury policy, considering bitcoin as part of its working capital while exploring non-dilutive capital asset acquisitions for AI infrastructure [2] - Management believes that raising equity at current share price levels would not benefit shareholders, despite a recent increase in share price [2] Future Outlook - The company is optimistic about opportunities in AI and digital asset financial services, focusing on government and military sector opportunities in Canada [3] - DMG anticipates revenue growth from its digital asset custody business in the upcoming calendar year [3]