DMG Blockchain Reports Decline in Revenue and Bitcoin Mining Output

DMG Blockchain has released its unaudited financial results for the first quarter of fiscal year 2026, revealing a revenue of 11.2 million CAD, marking a 2% decrease from the previous quarter and a 4% decline year-over-year. According to Odaily, the company mined 69 Bitcoins during the quarter, down from 72 in the previous quarter and 97 in the same period last year. The company's computing power increased by 10% to 1.76 EH/s. DMG Blockchain's cash, short-term investments, and digital assets totaled 58.6 million CAD, a 10% decrease from the end of the fiscal year. Total assets stood at 122 million CAD, reflecting an 8% decline quarter-over-quarter. The net loss was 2.2 million CAD, or 0.01 CAD per share, an improvement from the net loss of 3.1 million CAD in the same period last year. However, due to changes in the fair value of digital assets, the comprehensive net income shifted from a profit of 12.2 million CAD last year to a loss of 16.5 million CAD.