DMG Blockchain Solutions Reports Q2 2025 Revenue Increase to $12.6M, Maintains Net Loss of $0.02 per Share
DMG Blockchain Solutions reported a Q2 2025 revenue increase to $12.6 million, up 9% from Q1 2025 and 26% year-over-year. The company mined 91 bitcoin, down from 97 in the previous quarter, and reported a net loss of $3.35 million. Total assets rose to $129.5 million, driven by short-term investments and increased digital currency holdings. Operating expenses increased to $7.6 million. DMG is also advancing its AI strategy and expanding its digital asset custody platform, Systemic Trust.
DMG Blockchain Solutions Inc. reported its fiscal second quarter 2025 financial results, with revenue reaching $12.6 million, marking a 9% increase from $11.6 million in the first quarter of 2025 and a 26% rise from $10.0 million in the same quarter last year. The company mined 91 bitcoin in the second quarter, a decrease from 97 bitcoin in the previous quarter. Despite the revenue growth, the net income reflected a loss of $3,346,351, which is a deterioration from the prior year period. Total assets as of March 31, 2025, increased by $25.6 million to $129.5 million, primarily due to the purchase of short-term investments and a net increase in digital currency holdings, largely driven by the rising price of bitcoin. The company's operating and maintenance expenses also rose significantly to $7.6 million, driven by increased utilities expenses and new third-party hosting fees. Additionally, DMG is advancing its AI strategy with the acquisition of 2 megawatts of prefabbed data center infrastructure and is working on engaging Canadian public and private sector entities for off-take agreements. The company is also focusing on expanding its digital asset custody platform, Systemic Trust, to enhance customer adoption and broaden its platform capabilities.
