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].

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].