DMG Reports Second Quarter Results Ending March 31, 2023
DMG Blockchain Solutions announces its second quarter ended March 31, 2023 unaudited financial results:Highlights
Revenue of $7.6 million on 255.8 mined bitcoin, net loss of $3.8 million, $0.02 net loss per share
Realized first Petra-based revenue for placing ordinals during the quarter
Realized average hashrate of 0.89 EH/s
Purchased 350 Bitmain S19 Pro (35 PH/s), 350 Bitmain S19 XP (49 PH/s) and 850 Bitmain S19j Pro+ (104 PH/s) miners, totaling 1,550 units contributing 188 PH/s
Cash and digital currency balance up 98% from the prior quarter with $4.8 million in cash and $16.9 million in digital currency; $1 million of debt
Readers are encouraged to review the Company’s March 31, 2023 quarterly unaudited financial statements and management’s discussion and analysis thereof for a fulsome assessment of the Company’s performance and applicable risk factors, available at www.sedar.com.
Management CallDMG announces that it will host its Second Quarter 2023 Financial Results and Corporate Update call on May 31, 2023 at 4:15 pm ET. Participants are asked to pre-register using the following link. A replay will be available on the company website.Although there will be no live Q&A session, management will address pre-submitted questions during the call. Those who wish to submit a question may do so via [email protected] through May 31, 2023, 2:00 pm ET.
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About DMG
DMG’s mission is to lead the crypto industry monetizing bitcoin transactions that meet the most stringent compliance and ESG requirements.
Blockseer
Blockseer licenses blockchain software products to help enable crypto adoption and growth.
Core & Core+
DMG’s businesses are segmented into two main divisions: Core Crypto Infrastructure and Core + Software & Services.
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