DMG Blockchain Solutions Inc. Reported a net loss of $2.2 million, or $0.01 per share, for the first quarter of 2026, according to financial results released February 25, 2026. Revenue for the quarter totaled $11.2 million, a 2% decrease from $11.4 million in the fourth quarter of 2025 and a 4% decline from $11.6 million in the first quarter of 2025.
The company mined 69 Bitcoin during the quarter, down from 72 in the previous quarter and 97 in the same period last year. Despite the decrease in Bitcoin mined, the company’s hashrate increased by 10% from Q4 2025, reaching 1.76 EH/s, with a fleet efficiency of 22.0 J/T.
As of the end of Q1 2026, DMG Blockchain held $58.6 million in cash, short-term investments, and digital assets, a 10% decrease from the $65.2 million held at year-end 2025. Total assets also decreased, falling 8% to $122.0 million from $132.0 million at the end of 2025.
DMG’s CEO, Sheldon Bennett, stated the company continued to focus on its core data center operations and its Core+ Digital Asset Financial Services during the first quarter. Bennett highlighted the company’s efforts to convert its Christina Lake facility into an AI data center, aiming for at least 50 megawatts of critical IT load to address a capacity gap in the industry. The company is also developing its Digital Asset Financial Services, with Systemic Trust positioned as a key component for future revenue growth.
The financial results are currently unaudited and are available for review, along with the company’s management’s discussion and analysis, at www.sedarplus.ca.
