From GlobeNewswire: 2025-05-21 23:35:00

DMG Blockchain Solutions Inc. announced its fiscal second quarter 2025 financial results, reporting a revenue of $12.6 million, up 9% from the previous quarter, with 91 bitcoin mined. The company’s cash flow from operations was -$1.0 million, and it had $61.9 million in cash, short-term investments, and digital assets. Despite a net loss of $0.02 per share, DMG’s CEO, Sheldon Bennett, highlighted progress in increasing Bitcoin mining hashrate and AI strategy. Operating and maintenance expenses, research costs, and general and administrative costs increased, contributing to a net loss of $3,346,351 for the quarter.

In addition to the financial results, DMG Blockchain Solutions will host a conference call on May 22, 2025, at 4:30 PM ET to provide a corporate update. Participants can register for the call and submit questions via email. The company is a vertically integrated blockchain and data center technology firm focusing on digital asset and AI compute ecosystems. It plans to continue developing its products and services, improve mining operations, and expand its offerings throughout 2025. The company cautions investors about the speculative nature of its securities and the risks associated with its business operations.



Read more at GlobeNewswire: DMG Blockchain Solutions Reports Second Quarter 2025