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DMG Blockchain Solutions
(OTC:DMGI)
DMG Blockchain Solutions (DMGI) vs. S&P 500 (SPY)
DMG Blockchain Solutions Business Overview & Revenue Model
DMG Blockchain Solutions Financial Statement Overview
| Breakdown | |||||
| TTM | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 35.84M | 33.90M | 27.94M | 43.24M | 10.22M | 7.40M | Gross Profit |
| 16.03M | 32.42M | 11.14M | 41.96M | 1.61M | -972.50K | EBIT |
| -7.79M | -14.58M | -18.59M | 1.62M | -8.12M | -2.93M | EBITDA |
| 4.99M | 14.49M | 5.60M | 2.87M | -7.18M | -304.99K | Net Income Common Stockholders |
| -15.31M | -5.23M | -16.46M | -16.98M | -9.55M | -2.58M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 4.63M | 2.00M | 2.18M | 1.65M | 20.17M | 1.07M | Total Assets |
| 137.13M | 103.87M | 82.59M | 96.90M | 111.13M | 21.51M | Total Debt |
| 20.10M | 14.02M | 1.36M | 516.30K | 538.23K | 2.42M | Net Debt |
| 15.83M | 12.34M | -425.76K | -731.21K | -19.15M | 1.35M | Total Liabilities |
| 23.86M | 19.21M | 5.61M | 5.47M | 5.81M | 6.59M | Stockholders Equity |
| 113.27M | 84.66M | 76.98M | 91.43M | 105.31M | 17.23M |
| Cash Flow | Free Cash Flow | ||||
| -25.90M | -12.21M | -275.88K | -22.32M | -74.53M | 541.91K | Operating Cash Flow |
| 1.73M | 8.21M | 4.87M | 15.19M | -29.83M | 1.37M | Investing Cash Flow |
| -32.87M | -21.20M | -5.30M | -33.50M | -45.69M | 2.13M | Financing Cash Flow |
| 33.21M | 12.88M | 980.21K | -125.72K | 93.94M | -3.73M |
DMG Blockchain Solutions Technical Analysis
DMG Blockchain Solutions Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $5.90B | 3.29 | 61.32% | ― | ― | ― | |
64 Neutral | $13.80B | 10.64 | 9.23% | 4.22% | 17.66% | -7.66% | |
49 Neutral | C$1.72B | 3.54 | 2.56% | ― | 199.41% | ― | |
49 Neutral | $57.92M | ― | -15.61% | ― | 17.68% | -278.21% | |
44 Neutral | $724.20M | ― | -31.62% | ― | 45.19% | -33.48% | |
39 Underperform | $399.98M | ― | -2.15% | ― | 27.99% | 90.99% |
DMG Blockchain Solutions Earnings Call Summary
DMG Blockchain Solutions Corporate Events
DMG Blockchain Solutions reported a significant increase in revenue for the first quarter of 2025, with a 97% rise from the previous quarter and a 20% increase year-over-year. The company mined 97 bitcoins and improved its hashrate and fleet efficiency, although it experienced a net loss per share. DMG is advancing its Core+ strategy and AI initiatives, including plans for a 10 MW prefabricated data center and a joint venture with the Malahat Nation for AI compute capacity, aiming to enhance its carbon-neutral Bitcoin ecosystem and long-term shareholder value.
DMG Blockchain Solutions Inc. has signed a memorandum of understanding to acquire a 10-megawatt data center infrastructure designed to meet military-grade specifications for its Generative Artificial Intelligence computation facilities. This move is expected to expedite DMG’s entry into the AI sector, enhance its credibility, and enable it to secure off-take agreements, particularly with entities requiring high-security standards, thereby maximizing shareholder returns.
DMG Blockchain Solutions Inc. announced it will release its first quarter 2025 financial results on March 3, 2025, post-market close. The company will host a conference call on March 4, 2025, to discuss the results and provide a corporate update, indicating a proactive approach to stakeholder engagement and transparency.
DMG Blockchain Solutions reported its preliminary mining results for January 2025, mining 31 Bitcoin and increasing its hashrate to 1.75 EH/s. The company aims to boost its hashrate to 2.1 EH/s by the end of the quarter using hydro direct liquid cooling technology. CEO Sheldon Bennett highlighted the deployment of the first megawatt of hydro miners, with expectations to energize the remaining five megawatts soon. These advancements reflect DMG’s commitment to expanding its operational capabilities and strengthening its position in the blockchain industry.
DMG Blockchain Solutions Inc. has announced that its subsidiary, Systemic Trust Company, has been registered as a special purpose trust company in Alberta, Canada. This significant milestone allows Systemic Trust to act as a Qualified Custodian, enhancing the adoption of blockchain technology and bolstering trust in the Canadian cryptocurrency ecosystem. The collaboration with Fireblocks positions Systemic Trust as a leading choice for secure and compliant digital asset custody solutions in Canada. The registration is seen as a boost for Alberta’s financial services sector, creating more investment opportunities and fostering economic growth.
DMG Blockchain Solutions reported a successful end to 2024, with significant achievements in Bitcoin mining and technology development. The company increased its hashrate by over 70% and is targeting further growth, aiming to reach 3 EH/s in 2025. DMG has also advanced its carbon-neutral initiatives and formed strategic partnerships, positioning itself for continued expansion. Capital raising efforts, including loans and equity, have supported these endeavors, enabling DMG to remain competitive and explore new opportunities in generative AI and software services.
DMG Blockchain Solutions has secured a new US patent for its Cryptographic Taint Tracking technology, enhancing their efforts to combat money laundering and fraud. This innovation strengthens DMG’s clean-block mining initiative by enabling real-time identification of suspicious wallets and enhancing compliance. Additionally, DMG has granted stock options and RSUs to employees and directors to align their performance with the company’s growth.
DMG Blockchain Solutions reported a 21% increase in annual revenue to $33.9 million for 2024, despite facing challenges like a 43% drop in bitcoin mined. The company also saw a significant rise in cash flow from operations, reaching $8.2 million, and plans to enhance its hashrate efficiency and expand its digital infrastructure by 2025.