- DMG Blockchain Solutions (DMGGF, Financial) reported Q2 2025 revenue of $12.6 million, marking a 26% year-over-year increase.
- The company mined 91 bitcoins during the quarter, a decrease from the previous quarter's 97 bitcoins.
- DMG holds $61.9 million in cash, short-term investments, and digital assets, with an ongoing expansion into AI infrastructure.
DMG Blockchain Solutions (DMGGF), a leader in blockchain and data center technology, announced mixed financial results for Q2 2025. The company reported a revenue of $12.6 million, an impressive rise of 26% from the same quarter last year, demonstrating robust growth in a challenging marketplace. However, bitcoin production saw a decline, with 91 bitcoins mined compared to 97 in the previous quarter.
The company achieved a hashrate of 1.76 EH/s, reflecting an 82% year-over-year increase and an 8% improvement from Q1 2025, highlighting DMG's continued technological advancements. Despite the increased revenue, the financial period closed with a net loss of $0.02 per share, consistent with the previous quarter.
DMG's total assets capped at $129.5 million, which, while showing a 9% increase from Q2 2024, represented a 6% quarter-over-quarter decrease. Operating cash flow was negative at -$1.0 million, mainly due to an increase in operating expenses attributed to higher utility costs.
Strategically, DMG is making significant strides in their artificial intelligence strategy, evidenced by the purchase of 2 megawatts (MW) of prefabbed data center infrastructure. This move underlines the company's commitment to expanding its capabilities in digital asset management. Additionally, the development of the Systemic Trust digital asset custody platform continues, aiming to boost customer adoption and broaden platform capabilities throughout 2025.
With $61.9 million in cash, short-term investments, and digital assets, DMG remains in a strong financial position, despite cash levels showing a modest 3% dip from Q1 2025. The company is engaging Canadian public and private sectors for off-take agreements, paving the path for future non-dilutive financing opportunities. As DMG Blockchain Solutions continues to diversify and strengthen its operations, investors and stakeholders are poised to watch how these strategies impact overall performance in the coming quarters.
