DMG Blockchain Releases Q1 Financial Report: Mined 69 Bitcoin; Multiple Performance Metrics Decline
Svmuu News: Bitcoin miner DMG Blockchain announced its unaudited financial results for the first quarter of fiscal year 2026, disclosing revenues of CAD 11.2 million, a 2% decrease quarter-over-quarter and a 4% decrease year-over-year. The company mined 69 Bitcoins during the quarter, down from 72 in the previous quarter and 97 in the same period last year. Hashrate increased to 1.76 EH/s, a 10% increase quarter-over-quarter. The company held a total of CAD 58.6 million in cash, short-term investments, and digital assets, a 10% decrease from the end of the fiscal year. Total assets were CAD 122 million, an 8% decrease quarter-over-quarter. Net loss was CAD 2.2 million (CAD 0.01 loss per share), narrowing from a net loss of CAD 3.1 million in the same period last year. However, due to changes in the fair value of digital assets, comprehensive net income shifted from a profit of CAD 12.2 million in the same period last year to a loss of CAD 16.5 million. (Globenewswire)
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