- DMG Blockchain Solutions mined 31 BTC in May 2025, up from 30 BTC in April 2025.
- Hashrate decreased slightly from 1.93 EH/s in April to 1.89 EH/s in May due to rising temperatures.
- The company is diversifying into AI infrastructure colocation and digital asset custody services.
DMG Blockchain Solutions Inc. (DMGGF, Financial) has released its preliminary operational results for May 2025, reporting a total production of 31 bitcoins. This marked a modest increase from the 30 BTC mined in April. The company's realized hashrate was 1.89 EH/s in May, down from 1.93 EH/s in the previous month. Despite this decrease, DMG hit its projected hashrate target of 2.1 EH/s earlier in the month, facilitated by the deployment of new Bitmain S21+ Hydro miners. However, ongoing hydro infrastructure issues and rising ambient temperatures prompted a reduction in the hashrate.
At the end of May, DMG's Bitcoin balance stood at 350 BTC, marginally lower than April's 351 BTC, as the firm sold some of its holdings to cover operational expenses and to reduce its loan from Sygnum Bank. The company's CEO, Sheldon Bennett, mentioned the strategic decision to sell Bitcoin to manage costs while maintaining a stable balance sheet. DMG continues to focus on cash generation through its mining operations while seeking to diversify its revenue streams.
In a bid to expand its business model, DMG is actively pursuing colocation and off-take agreements for AI infrastructure. Additionally, the company is enhancing its digital asset custody services through its wholly-owned subsidiary, Systemic Trust. These efforts are aimed at developing sustainable and regulatory-compliant solutions for Bitcoin transactions, thereby securing new client engagements and partnerships.
