DMG Blockchain Solutions Inc (FRA:6AX)

Q1 2025 DMG Blockchain Solutions Inc Earnings Call Transcript

Mar 4, 2025 / 09:30 PM GMT

Release Date Price: €0.155 (-23.27%)

Transcript

Key Points

Positve

DMG Blockchain Solutions Inc (DMGGF) has completed regulatory approvals to become a qualified digital asset custodian, making it one of only three in Canada.
The company is focused on customer acquisition for its Systemic Trust and aims to onboard its first customers by the June quarter, with a significant revenue ramp-up by the end of the year.
DMG's core plus strategy aims to monetize a carbon-neutral Bitcoin ecosystem, with partnerships and customer acquisition as key focuses.
The company has achieved a realized hash rate of 1.62 X a hash, up 65% sequentially, and plans to reach 2.1 X a hash with improved fleet efficiency.
DMG's cash plus Bitcoin balance increased 62% sequentially to $58.2 million, showcasing strong financial growth.

Negative

The company faces uncertainties regarding the future profitability of Bitcoin mining, leading to cautious capital deployment.
DMG's hosting revenue decreased 25% sequentially, and the company expects hosting revenue to decline to near zero as existing customers retire their fleets.
Operating and maintenance costs increased 44% due to a 65% increase in hash rate, impacting overall profitability.
The company is evaluating the cost of energy at a new data center site, which has been significantly higher than expected, affecting project viability.
DMG's stock has been under pressure despite achieving milestones, reflecting broader sector challenges and market uncertainties.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

DMGI.V - DMG Blockchain Solutions Inc
Q1 2025 DMG Blockchain Solutions Inc Earnings Call
Mar 04, 2025 / 09:30PM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, thank you for standing by. Good afternoon and welcome to the DMG Blockchain Solutions Q1 2025 update conference call. Participants of this call are advised that the audio of this conference call is being broadcast live over the internet and is also being recorded for playback purposes. A webcast replay of the call will be available on the company's website.

Joining us today from DMG Blockchain Solutions is Sheldon Bennett, the company's Chief Executive Officer, and Steven Eiscu, Chief Operating Officer.

During this call, management will be making forward-looking statements, including statements that address DMG blockchain solutions expectations for future performance or

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