- DMG Blockchain Solutions (DMGGF, Financial) mined 30 BTC in April 2025, down slightly from 32 BTC in March.
- The company increased its hashrate to 1.93 EH/s, achieving its target of 2.1 EH/s.
- Proceeds from Bitcoin sales were used to fund AI infrastructure and reduce debt from a $20 million loan with Sygnum Bank.
DMG Blockchain Solutions Inc. (DMGGF) has released its preliminary operational results for April 2025, highlighting strategic movements within the organization. The company mined 30 Bitcoin (BTC) during the month, a slight decrease from the 32 BTC mined in March, partly due to increased network difficulty and a shorter month.
The company's hashrate rose to 1.93 exahashes per second (EH/s), up from 1.82 EH/s in the previous month, and it has reached its target of 2.1 EH/s. However, operations may be moderated during summer months to manage temperatures.
In April, DMG reduced its Bitcoin holdings from 458 BTC to 351 BTC, employing the proceeds to acquire 2 megawatts of artificial intelligence (AI) data center infrastructure. This acquisition aligns with DMG's strategy of pivoting towards AI capabilities while maintaining Bitcoin mining operations, especially for government and enterprise clients seeking AI solutions in Canada.
Furthermore, DMG made a significant payment on its Sygnum Bank loan, which previously had a $20 million balance in March. This financial maneuver underscores DMG's focus on deleveraging its balance sheet while strategically investing in AI infrastructure.
CEO Sheldon Bennett stated, “We remain focused on advancing our AI strategy while maintaining a cash-generating Bitcoin operation. With the purchase of 2 megawatts of AI data center infrastructure, we have made a demonstrative shift to utilize the returns generated from Bitcoin mining to fund our initial AI capital expenditures, which we believe will accelerate our ability to secure off-take agreements.”
This ongoing transformation reflects DMG Blockchain Solutions’ commitment to combining the potential of blockchain technology with AI infrastructure to meet the evolving demands of high-value clients in Canada. The company continues to leverage its resources and expertise to enhance its market offerings, emphasizing sustainable and regulatory-compliant operations.
