DMG Blockchain Releases Q1 Financial Report: Mined 69 Bitcoins, Multiple Performance Metrics Decline

SmartContractAuditor · 2026-02-26T12:51:52+00:00

DMG Blockchain, a Bitcoin mining company, announced its Q1 FY2026 financial report, with revenue of 11.2 million CAD, a year-over-year and quarter-over-quarter decrease, and mining output down to 69 Bitcoins. Hash rate increased to 1.76 EH/s. Total assets and cash decreased, net loss narrowed to 2.2 million CAD, but overall net profit turned into a loss due to changes in asset fair value.

SmartContractAuditor

2026-02-26 12:51:52

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Odaily Planet Daily reports that Bitcoin mining company DMG Blockchain announced its unaudited financial results for the first quarter of fiscal year 2026, revealing revenue of CAD 11.2 million, down 2% quarter-over-quarter and 4% year-over-year. During the quarter, the company mined a total of 69 Bitcoins, below 72 in the previous quarter and 97 in the same period last year. Hashrate increased to 1.76 EH/s, up 10% quarter-over-quarter. The company held CAD 58.6 million in cash, short-term investments, and digital assets, a 10% decrease from the end of the fiscal year. Total assets amounted to CAD 122 million, down 8% quarter-over-quarter. Net loss was CAD 2.2 million (CAD 0.01 per share), narrower than last year’s net loss of CAD 3.1 million. However, due to changes in the fair value of digital assets, comprehensive net profit shifted from a profit of CAD 12.2 million last year to a loss of CAD 16.5 million. (Globenewswire)

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