DMG Blockchain Solutions Announces Preliminary March Operational Results
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) riporta i risultati operativi preliminari di marzo 2025, mostrando miglioramenti in vari indicatori chiave. L'azienda ha estratto 32 BTC a marzo (rispetto ai 27 BTC di febbraio), con un aumento della hashrate a 1.82 EH/s (da 1.71 EH/s) e le riserve di Bitcoin che sono salite a 458 BTC (da 443 BTC).
L'espansione pianificata dell'azienda a 2.1 EH/s sta affrontando lievi ritardi. Attualmente opera con 2 megawatt di miner S21 Hydro e S21+ Hydro a quasi 1.9 EH/s, DMG prevede di implementare i prossimi 2 megawatt entro metà aprile, con i 2 megawatt finali programmati per la fine di aprile dopo la sostituzione dei componenti infrastrutturali.
Inoltre, DMG ha concesso 428.170 opzioni azionarie a $0.24 per azione con termini di 5 anni e 1.050.000 RSU a dipendenti e direttori, entrambi con piani di maturazione scaglionati.
DMG Blockchain Solutions (DMGGF) informa sobre los resultados operativos preliminares de marzo de 2025, mostrando mejoras en métricas clave. La compañía minó 32 BTC en marzo (aumentando desde los 27 BTC de febrero), con una tasa de hash que aumentó a 1.82 EH/s (desde 1.71 EH/s) y las reservas de Bitcoin subiendo a 458 BTC (desde 443 BTC).
La expansión planificada de la compañía a 2.1 EH/s enfrenta ligeros retrasos. Actualmente opera con 2 megavatios de mineros S21 Hydro y S21+ Hydro a casi 1.9 EH/s, DMG espera desplegar los próximos 2 megavatios a mediados de abril, con los últimos 2 megavatios programados para finales de abril tras el reemplazo de componentes de infraestructura.
Además, DMG otorgó 428,170 opciones sobre acciones a $0.24 por acción con plazos de 5 años y 1,050,000 RSUs a empleados y directores, ambos con calendarios de adquisición escalonados.
DMG 블록체인 솔루션 (DMGGF)은 2025년 3월의 예비 운영 결과를 보고하며 주요 지표에서 개선을 보여줍니다. 회사는 3월에 32 BTC를 채굴했으며 (2월의 27 BTC에서 증가), 해시레이트는 1.82 EH/s로 증가했습니다 (1.71 EH/s에서) 그리고 비트코인 보유량은 458 BTC로 증가했습니다 (443 BTC에서).
회사의 2.1 EH/s로의 계획된 확장은 약간의 지연을 겪고 있습니다. 현재 2메가와트의 S21 Hydro 및 S21+ Hydro 채굴기를 거의 1.9 EH/s로 운영하고 있으며, DMG는 4월 중순까지 다음 2메가와트를 배치할 것으로 예상하고 있으며, 최종 2메가와트는 인프라 구성 요소 교체 후 4월 말에 배치될 예정입니다.
또한, DMG는 5년 기간의 주당 $0.24로 428,170개의 스톡 옵션과 1,050,000개의 RSU를 직원 및 이사에게 부여했으며, 두 가지 모두 단계적 베스팅 일정이 있습니다.
DMG Blockchain Solutions (DMGGF) rapporte des résultats opérationnels préliminaires pour mars 2025, montrant des améliorations dans des indicateurs clés. L'entreprise a miné 32 BTC en mars (contre 27 BTC en février), avec une puissance de hachage augmentant à 1.82 EH/s (contre 1.71 EH/s) et des réserves de Bitcoin augmentant à 458 BTC (contre 443 BTC).
L'expansion prévue de l'entreprise à 2.1 EH/s rencontre de légers retards. Actuellement, DMG fonctionne avec 2 mégawatts de mineurs S21 Hydro et S21+ Hydro à près de 1.9 EH/s, et s'attend à déployer les 2 mégawatts suivants d'ici la mi-avril, les 2 mégawatts finaux étant prévus pour fin avril après le remplacement des composants d'infrastructure.
De plus, DMG a accordé 428 170 options d'achat d'actions à 0,24 $ par action avec des délais de 5 ans et 1 050 000 RSU à des employés et des directeurs, les deux avec des calendriers d'acquisition échelonnés.
DMG Blockchain Solutions (DMGGF) berichtet über die vorläufigen Betriebsergebnisse für März 2025 und zeigt Verbesserungen in wichtigen Kennzahlen. Das Unternehmen hat im März 32 BTC abgebaut (ein Anstieg von 27 BTC im Februar), mit einer Hashrate, die auf 1.82 EH/s gestiegen ist (von 1.71 EH/s) und Bitcoin-Beständen, die auf 458 BTC gestiegen sind (von 443 BTC).
Die geplante Expansion des Unternehmens auf 2.1 EH/s sieht sich geringfügigen Verzögerungen gegenüber. Derzeit betreibt DMG 2 Megawatt S21 Hydro und S21+ Hydro Miner mit fast 1.9 EH/s und erwartet, die nächsten 2 Megawatt bis Mitte April bereitzustellen, wobei die letzten 2 Megawatt für Ende April nach dem Austausch von Infrastrukturkomponenten geplant sind.
Darüber hinaus hat DMG 428.170 Aktienoptionen zu je 0,24 $ pro Aktie mit einer Laufzeit von 5 Jahren und 1.050.000 RSUs an Mitarbeiter und Direktoren gewährt, beide mit gestaffelten Vesting-Plänen.
- Bitcoin mining production increased 18.5% to 32 BTC in March
- Hashrate improved 6.4% to 1.82 EH/s
- Bitcoin holdings grew by 15 BTC to 458 BTC
- Zero days of power curtailment in March vs 3 days in February
- Delay in reaching 2.1 EH/s hashrate target
- Issues with defective mining infrastructure components requiring replacement
- Delays in S21+ Hydro miner shipments
VANCOUVER, British Columbia, April 02, 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, today announces its preliminary operational results for March 2025:
- Bitcoin Mined: 32 BTC (vs 27 BTC in Feb 2025)
- Hashrate: 1.82 EH/s (vs 1.71 EH/s in Feb 2025)
- Bitcoin Holdings: 458 BTC (vs 443 BTC in Feb 2025)
- Days non-firm power curtailed: 0 (vs 3 in Feb 2025)
DMG’s expected growth to 2.1 EH/s has experienced a slight delay. Currently, the Company operates 2 megawatts of S21 Hydro and S21+ Hydro miners, achieving a total fleet hashrate of nearly 1.9 EH/s. The next 2 megawatts are expected to be deployed by mid-April, following a minor delay in S21+ Hydro miner shipments, with the remaining 2 megawatt capacity scheduled for deployment by the end of April to accommodate the replacement of defective mining infrastructure components.
DMG’s CEO, Sheldon Bennett, commented, “Despite a several-week delay relative to our prior guidance in achieving our 2.1 EH/s hashrate goal, we are pleased with the performance of our hydro mining equipment and expect to complete this phase of expansion shortly. While we continue optimizing the growth and efficiency of our Bitcoin mining fleet, our primary focus remains on securing high-value AI offtake agreements and attracting new clients for Systemic Trust and Terra Pool to advance our carbon neutral Bitcoin ecosystem. We believe these investments will maximize long-term shareholder value as we execute our strategy.”
Grant of Stock Options and RSUs
DMG announces the granting of stock options and RSUs to employees and directors of the Company. A total of 428,170 stock options ("Options") and 1,050,000 restricted stock units ("RSUs") have been granted. The Options are exercisable over five years at a price of
About DMG Blockchain Solutions Inc.
DMG is a publicly traded and vertically integrated blockchain and data center technology company that manages, operates and develops end-to-end digital solutions to monetize the digital asset and artificial intelligence compute ecosystems. Systemic Trust Company, a wholly owned subsidiary of DMG, is an integral component of DMG’s carbon-neutral Bitcoin ecosystem, which enables financial institutions to move Bitcoin in a sustainable and regulatory-compliant manner.
For additional information about DMG Blockchain Solutions and its initiatives, please visit www.dmgblockchain.com. Follow @dmgblockchain on X, LinkedIn and Facebook, and subscribe to the DMG YouTube channel to stay updated with the latest developments and insights.
For further information, please contact:
On behalf of the Board of Directors,
Sheldon Bennett, CEO & Director
Tel: +1 (778) 300-5406
Email: investors@dmgblockchain.com
Web: www.dmgblockchain.com
For Investor Relations: investors@dmgblockchain.com
For Media Inquiries:
Chantelle Borrelli
Head of Communications chantelle@dmgblockchain.com
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Cautionary Note Regarding Forward-Looking Information
This news release contains forward-looking information or statements based on current expectations. Forward-looking statements contained in this news release include statements regarding DMG’s strategies and plans, energizing the remaining 2 MW of hydro miners in April 2025, increasing DMG’s hashrate to 2.1 EH/s, securing highvalue AI off-take agreements and attracting new clients for Systemic Trust and Terra Pool to advance DMG’s carbon neutral Bitcoin ecosystem, the opportunity and plans to monetize bitcoin transactions and provide additional products and services to customers and users, the continued investment in Bitcoin network software infrastructure and applications, the expected allocation of capital, developing and executing on the Company’s products and services, increasing self-mining, increasing hashrate, efforts to improve the operation of its mining fleet, the launch of products and services, events, courses of action, and the potential of the Company’s technology and operations, among others, are all forward-looking information.
Future changes in the Bitcoin network-wide mining difficulty rate or Bitcoin hashrate may materially affect the future performance of DMG’s production of bitcoin, and future operating results could also be materially affected by the price of bitcoin and an increase in hashrate mining difficulty.
Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as "may", "expect", "estimate", "anticipate", "intend", "believe" and "continue" or the negative thereof or similar variations. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company, including but not limited to, market and other conditions, volatility in the trading price of the common shares of the Company, business, economic and capital market conditions; the ability to manage operating expenses, which may adversely affect the Company's financial condition; the ability to remain competitive as other better financed competitors develop and release competitive products; regulatory uncertainties; access to equipment; market conditions and the demand and pricing for products; the demand and pricing of bitcoin; the demand and pricing of Gen AI data centers and usage; security threats, including a loss/theft of DMG's bitcoin; DMG's relationships with its customers, distributors and business partners; the inability to add more power to DMG's facilities; DMG's ability to successfully define, design and release new products in a timely manner that meet customers' needs; the ability to attract, retain and motivate qualified personnel; competition in the industry; the impact of technology changes on the products and industry; failure to develop new and innovative products; the ability to successfully maintain and enforce our intellectual property rights and defend third-party claims of infringement of their intellectual property rights; the impact of intellectual property litigation that could materially and adversely affect the business; the ability to manage working capital; and the dependence on key personnel. DMG may not actually achieve its plans, projections, or expectations. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the demand for its products, the ability to successfully develop software, that there will be no regulation or law that will prevent the Company from operating its business, anticipated costs, the ability to secure sufficient capital to complete its business plans, the ability to achieve goals and the price of bitcoin. Given these risks, uncertainties, and assumptions, you should not place undue reliance on these forward-looking statements. The securities of DMG are considered highly speculative due to the nature of DMG's business. For further information concerning these and other risks and uncertainties, refer to the Company’s filings on www.sedarplus.ca. In addition, DMG’s past financial performance may not be a reliable indicator of future performance.
Factors that could cause actual results to differ materially from those in forward-looking statements include, failure to obtain regulatory approval, the continued availability of capital and financing, equipment failures, lack of supply of equipment, power and infrastructure, failure to obtain any permits required to operate the business, the impact of technology changes on the industry, the impact of viruses and diseases on the Company's ability to operate, secure equipment, and hire personnel, competition, security threats including stolen bitcoin from DMG or its customers, consumer sentiment towards DMG's products, services and blockchain and Gen AI technology generally, failure to develop new and innovative products, litigation, adverse weather or climate events, increase in operating costs, increase in equipment and labor costs, equipment failures, decrease in the price of Bitcoin, failure of counterparties to perform their contractual obligations, government regulations, loss of key employees and consultants, and general economic, market or business conditions. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The reader is cautioned not to place undue reliance on any forward-looking information. The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Additionally, the Company undertakes no obligation to comment on the expectations of or statements made by third parties in respect of the matters discussed above.
FAQ
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