Welcome to our dedicated page for Dmg Blockchain S news (Ticker: DMGGF), a resource for investors and traders seeking the latest updates and insights on Dmg Blockchain S stock.
DMG Blockchain Solutions Inc (DMGGF) provides innovative blockchain technology and digital asset management solutions through its mining operations and secure infrastructure platforms. This news hub offers investors and industry observers centralized access to official updates about the company's strategic developments.
Key resources include earnings reports detailing mining efficiency metrics, announcements about proprietary technology enhancements, and partnership updates advancing their carbon-neutral Bitcoin ecosystem initiatives. Users will find verified information about custodial service expansions, AI-integrated data center developments, and operational milestones.
All content is curated to help stakeholders track DMGGF's progress in blockchain infrastructure innovation while maintaining compliance with financial disclosure standards. Bookmark this page for streamlined access to material developments affecting the company's position in digital asset management markets.
DMG Blockchain Solutions (DMGGF) reports preliminary March 2025 operational results, showing improvements across key metrics. The company mined 32 BTC in March (up from 27 BTC in February), with hashrate increasing to 1.82 EH/s (from 1.71 EH/s) and Bitcoin holdings rising to 458 BTC (from 443 BTC).
The company's planned expansion to 2.1 EH/s faces minor delays. Currently operating 2 megawatts of S21 Hydro and S21+ Hydro miners at nearly 1.9 EH/s, DMG expects to deploy the next 2 megawatts by mid-April, with the final 2 megawatts scheduled for end-April deployment following infrastructure component replacements.
Additionally, DMG granted 428,170 stock options at $0.24 per share with 5-year terms and 1,050,000 RSUs to employees and directors, both with staged vesting schedules.
DMG Blockchain Solutions (DMGGF) reported strong Q1 2025 financial results with revenue reaching $11.6 million, up 97% from Q4 2024 and 20% from Q1 2024. The company mined 97 bitcoin in Q1, a 49% increase from previous quarter, while operating at 1.62 EH/s hashrate.
Key metrics include negative cash flow from operations of -$2.7M, improved fleet efficiency at 22.9 J/TH, and cash and digital assets of $58.2 million, up 62% quarter-over-quarter. Net loss per share improved to -$0.02 from -$0.05 in Q4 2024.
February operations showed 27 BTC mined with 1.71 EH/s hashrate and total holdings of 443 BTC. The company aims to reach 2.1 EH/s in March 2025 and is expanding into AI initiatives with MOUs for 40MW total compute capacity.
DMG Blockchain Solutions (OTCQB: DMGGF) has signed a memorandum of understanding to purchase infrastructure for a 10-megawatt prefabricated data center meeting Sensitive Compartmented Information Facility (SCIF) specifications for Generative AI computation. The parties aim to reach a definitive agreement within 90 days, with DMG currently conducting due diligence following an initial inspection.
The payment structure includes a US$5 million upfront payment with the balance financed through future revenue from Gen AI computing off-take agreements. The data center's modular design allows deployment across multiple locations. DMG is targeting off-take agreements with entities requiring SCIF capabilities, including federal agencies and enterprises.
The infrastructure excludes medium-voltage power distribution, battery storage, backup power, computing systems, networking, and storage systems, all of which require additional investment. CEO Sheldon Bennett stated this move accelerates DMG's Gen AI entry by at least a year while providing credibility to secure premium-priced off-take agreements for SCIF-grade facilities.
DMG Blockchain Solutions (OTCQB: DMGGF) has announced it will release its first quarter 2025 financial results on Monday, March 3, 2025, after market close. The company will host a conference call to discuss the results and provide a corporate update on Tuesday, March 4, 2025, at 4:30 PM ET.
Investors can participate in a live Q&A session via chat during the conference call. Additionally, stakeholders can submit questions in advance via email to investors@dmgblockchain.com until 2:00 PM ET on March 4, 2025.
DMG Blockchain Solutions (DMGGF) has released its preliminary mining results for January 2025. The company mined 31 Bitcoin, slightly down from 32 BTC in December 2024. The company's hashrate increased to 1.75 EH/s from 1.68 EH/s in December, with Bitcoin holdings growing to 431 BTC from 406 BTC.
The company has deployed its first megawatt of hydro miners using hydro direct liquid cooling (DLC) technology, reaching 1.8 EH/s by the end of January. DMG aims to expand its hashrate to 2.1 EH/s in the current quarter, with plans to energize the remaining five megawatts.
DMG Blockchain Solutions announced that its wholly owned subsidiary, Systemic Trust Company (STC), has received registration to operate as a special purpose trust company under Alberta's Loan and Trust Corporations Act. The registration enables STC to function as a Qualified Custodian for digital assets in Canada.
STC will leverage Fireblocks' wallet infrastructure, which has managed over 250 million wallets and secured transfers of more than $6 trillion in digital assets. This positions STC as the only Canadian Qualified Custodian using Fireblocks' platform, aiming to provide secure, compliant, and scalable digital asset custody solutions for Canadian institutions.
The development represents a significant milestone for DMG's Core+ software and services strategy, while also contributing to Alberta's growing financial services sector and technology ecosystem.
DMG Blockchain Solutions reported its December 2024 mining results, achieving 32 BTC mined with a hashrate of 1.68 EH/s and total Bitcoin holdings of 406 BTC. For Q4 2024, the company mined 97 bitcoin with an average hashrate of 1.62 EH/s and fleet efficiency of 23 J/TH.
The company grew its hashrate by over 70% in 2024, reaching 1.72 EH/s by year-end. DMG plans to expand to 2.1 EH/s in early 2025 using hydro direct liquid cooling technology, with a target of 3 EH/s by end of 2025. The company utilized a USD $19M loan facility from Sygnum Bank, drawing $9.4M with 295 bitcoin as collateral, and raised CAD $17.3M in equity funding.
Key initiatives include a partnership with Malahat Nation for 30MW of Gen AI compute capacity, development of the Systemic Trust platform for qualified custody, and enhancement of Terra Pool software for carbon-neutral Bitcoin ecosystem.
DMG Blockchain Solutions (DMGGF) has secured US Patent No. 12,067,572 for Cryptographic Taint Tracking, building upon their previous Patent No. 11,257,089. The new patent enhances Blockseer's wallet risk scoring method, focusing on detecting and tracking tainted cryptographic wallets to combat money laundering and fraud.
The technology features real-time identification of suspicious wallets, enhanced compliance measures, automatic risk flagging, and wallet quarantine capabilities for exchanges. The system aims to prevent engagement with wallets tied to illegal activities and supports law enforcement efforts.
Additionally, DMG has granted 424,680 stock options at $0.38 per share, vesting over 24 months, and 2,050,000 RSUs vesting in one year to employees and directors.
DMG Blockchain Solutions reported its Q4 and full-year 2024 financial results. Revenue reached $5.9M in Q4 (down 29% sequentially) and $33.9M for FY2024 (up 21% YoY). The company mined 65 bitcoin in Q4 and 502.5 bitcoin in FY2024, showing a 43% YoY decrease. Cash flow from operations improved to $8.2M for FY2024, up 69% YoY.
The company's hashrate reached 0.96 EH/s for FY2024, up 21% YoY, with current operations at 1.7 EH/s and plans to reach 2.1 EH/s by February 2025. Cash and digital assets stood at $36.0M at Q4 end, up 90% YoY. Net loss improved to -$0.03 per share in FY2024 from -$0.10 in 2023.
DMG Blockchain Solutions (OTCQB: DMGGF) has scheduled the release of its fourth quarter and full year 2024 financial results for Wednesday, December 18, 2024, after market close. The company will host a conference call on Thursday, December 19, 2024, at 4:30 PM ET to discuss the results and provide a corporate update. Shareholders can participate in a live Q&A session and submit questions via email to investors@dmgblockchain.com until 2:00 PM ET on December 19, 2024.
