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DMG Blockchain Releases Q1 Financial Report: Mined 69 Bitcoin; Multiple Performance Metrics Decline
Svmuu News Bitcoin Mining company DMG Blockchain has released its unaudited financial results for the first quarter of fiscal year 2026, reporting revenue of C$11.2 million, a 2% decrease from the previous quarter and a 4% decrease year-over-year;The company mined a total of 69 Bitcoins during the quarter, down from 72 in the previous quarter and 97 in the same period last year.Hashrate rose to 1.76 EH/s, a 10% increase from the previous quarter. The company held 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 stood at CAD 122 million, an 8% decrease from the previous quarter;The net loss was C$2.2 million (a loss of C$0.01 per share), narrowing from the net loss of C$3.1 million in the same period last year.However, due to changes in the fair value of digital assets, consolidated net income shifted from a profit of C$12.2 million in the same period last year to a loss of C$16.5 million. (Globenewswire)
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