Canada · Delayed Price · Currency is CAD DMG Blockchain Solutions Earnings Call Transcripts
Fiscal Year 2026
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Q3 2026 saw a 13% sequential revenue decline to CAD 6.4M, with a net loss of CAD 3.9M, as the company advanced its AI data center transition and secured 75 MW of contracted power. Focus remains on finalizing a 50 MW AI colocation agreement and expanding Canadian operations.
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Revenue declined 35% sequentially to CAD 7.3 million, with a net loss of CAD 3.5 million as the company accelerates its transition from Bitcoin mining to AI data center operations. Management is focused on securing investment-grade offtakers and expects AI-related revenue growth as new facilities come online.
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Revenue declined 2% sequentially to $11.2M, with a net loss of $2.2M as the company transitions its core data center to AI infrastructure and expands digital asset services. Cash and digital asset holdings totaled $58.6M, and further financing is anticipated for AI expansion.
Fiscal Year 2025
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Revenue grew 40% year-over-year to CAD 47.3M, driven by higher hash rate and Bitcoin prices, but net loss widened to CAD 10.3M. Strategic focus is on AI data center expansion and digital asset financial services, with Systemic Trust set to ramp revenue in 2026.
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Revenue rose 40% year-over-year to $11.6M, with improved margins and near break-even net income. Strategic focus remains on AI, carbon-neutral Bitcoin mining, and expanding software offerings, while targeting 3 EH/s hash rate by year-end through non-dilutive financing.
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Revenue rose 9% sequentially to $12.6M, with 91 Bitcoin mined and a net loss of $0.02 per share. AI infrastructure expansion and Core+ software launches are underway, while the company targets 3 exahash by year-end using non-dilutive financing.
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Revenue nearly doubled sequentially, driven by higher Bitcoin production and price, while AI and Core+ software initiatives advanced with new partnerships and infrastructure. Cash and digital assets rose sharply, but net loss persisted amid rising costs and sector headwinds.
Fiscal Year 2024
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Revenue fell 29% sequentially in the September quarter due to lower Bitcoin production post-halving, but full-year revenue rose 21% year-over-year. Major progress was made on carbon-neutral ecosystem software and AI expansion, with significant capital investment and partnerships underway.
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The presentation outlined a strategy to expand carbon-neutral Bitcoin mining and custody services, targeting 1.7 exahash by quarter-end and aiming to become Canada's second qualified custodian. New software products and infrastructure upgrades support a vertically integrated, premium carbon-neutral ecosystem.
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Revenue declined 17% sequentially to CAD 8.3M due to the Bitcoin halving, with a net loss of CAD 3.8M. Major milestones were achieved in digital asset custody and software, while mining efficiency improved and expansion plans remain on track for 2025.