DMG Blockchain Releases Q1 Financial Report: Mining Output of 69 Bitcoins, Multiple Performance Metrics Decline

Odaily News Bitcoin mining company DMG Blockchain has announced its unaudited financial results for the first quarter of fiscal year 2026. The report discloses revenue of CAD 11.2 million, representing a 2% decrease quarter-over-quarter and a 4% decrease year-over-year. The company mined a total of 69 Bitcoins during the quarter, lower than the 72 Bitcoins mined in the previous quarter and the 97 Bitcoins mined in the same period last year. Hashrate increased to 1.76 EH/s, up 10% quarter-over-quarter. The company holds a total of CAD 58.6 million in cash, short-term investments, and digital assets, a 10% decrease from the end of the fiscal year. Total assets stand at CAD 122 million, an 8% decrease quarter-over-quarter. Net loss was CAD 2.2 million (a loss of CAD 0.01 per share), narrowing from a net loss of CAD 3.1 million in the same period last year. However, impacted by changes in the fair value of digital assets, comprehensive net income shifted from a profit of CAD 12.2 million in the same period last year to a loss of CAD 16.5 million. (Globenewswire)