DMG Reports Third Quarter 2025 Results
DMG announces its fiscal third quarter 2025 financial results. All financial references are in Canadian Dollars unless specified otherwise. Readers are encouraged to review the Company’s June 30, 2025 quarterly unaudited financial statements and management’s discussion and analysis thereof for an assessment of the Company’s performance and applicable risk factors, available at www.sedarplus.ca.
Q3 2025 Financial Results Highlights
Revenue: $11.6 million in Q3 2025, down 8% from $12.6 million in Q2 2025 and up 40% from Q3 2024
Bitcoin Mined: 84 bitcoin, down from 91 bitcoin in Q2 2025 and 87 bitcoin in Q3 2024
Hashrate: 1.80 EH/s with fleet efficiency of 22.6 J/T, up 2% from Q2 2025 and up 89% from Q3 2024
Cash Flow from Operations: $18.0 million in Q3 2025, as the Company sold $15.0 million more bitcoin than it mined
Cash, Short-term Investments and Digital Assets: $61.8 million as of quarter-end Q3 2025, about flat from Q2 2025
Total Assets: $133.6 million as of quarter-end Q3 2025, up 3% from Q2 2025 and up 20% from Q3 2024
Net Income: -$0.4 million or $0.00 per share versus -$3.3 million or -$0.02 per share in Q2 2025
DMG’s CEO, Sheldon Bennett, commented: “In Q3, we significantly advanced our key initiatives, bringing into full service our 6 megawatts of hydro-enabled bitcoin mining. Additionally, we advanced our artificial intelligence (AI) infrastructure strategy with the purchase of 2 megawatts of prefabricated data center infrastructure. Finally, we oriented our Systemic Trust digital asset custody business for long-term growth with a focus on capitalizing on the proliferation of digital asset funds and treasuries. With a foundation of a strong balance sheet with $134 million in assets and increasing momentum among our key initiatives, we believe we can continue to generate cash while capitalizing on our initiatives for new revenue growth.”
Learn more about our company
DMG
DMG’s mission is to lead the digital asset industry by meeting the most stringent compliance requirements while focused on environmental requirements.
Blockseer/Core+
Blockseer blockchain software products help enable crypto adoption and growth.
Systemic Trust
Systemic Trust, a custody solution for digital assets, ensures security with advanced technology, risk management, and transparency.
Terra Pool
Terra Pool, enabled by Blockseer software, is the world's first Bitcoin mining pool focused on carbon neutral energy and clean block mining.
