- DMG Blockchain Solutions (DMGGF, Financial) mined 23 BTC in June, down from 31 BTC in May due to infrastructure setbacks.
- The company plans a significant expansion with a new Canadian site to add 1 EH/s mining capacity by H2 2026.
- DMG issued 201,607 stock options and 1,275,000 RSUs to employees and directors.
DMG Blockchain Solutions Inc. (OTCQB: DMGGF) reported a challenging June 2025, with a decrease in Bitcoin mining output due to infrastructure issues. The company mined 23 BTC, a significant drop from 31 BTC in May. This decline was attributed to an electrical outage lasting almost two days at its Christina Lake facility, compounded by ongoing hydro infrastructure challenges.
DMG's hashrate fell to 1.56 EH/s from 1.89 EH/s in the previous month. The reduction was linked to a regional lightning storm that triggered a main substation outage and hydro infrastructure contamination issues. Despite these setbacks, DMG's bitcoin balance at the end of June stood at 341 BTC, slightly down from 350 BTC in May.
In response to these challenges, DMG has committed to expanding its operations by entering a binding agreement for a new mining site located in a Canadian province outside of British Columbia. This new site is expected to add approximately 1 EH/s of mining capacity by the second half of 2026 as part of the company's broader strategy to optimize energy costs and expand its fleet.
Furthering its commitment to growth, DMG granted 201,607 stock options and 1,275,000 restricted stock units (RSUs) to employees and directors. The stock options are exercisable over five years at a price of $0.285 per share, with RSUs vesting in one year. These incentives aim to align employee performance with the company’s growth objectives.
Looking ahead, DMG Blockchain Solutions is positioned to transition to a direct liquid-cooled mining setup, leveraging its existing infrastructure while sourcing components from top-tier vendors. This initiative aims to boost efficiency and hashrate, targeting a growth to 3 EH/s by the end of 2025.
