VANCOUVER, British Columbia, July 2, 2025 – DMG Blockchain Solutions Inc. (TSX-V: DMGI) (OTCQB: DMGGF) (FRANKFURT: 6AX), a fully integrated blockchain and data center technology firm, has released its preliminary operational results for June 2025, highlighting both operational headwinds and strategic advancements.
- Bitcoin mined: 23 BTC (compared to 31 BTC in May 2025)
- Hashrate: 1.56 EH/s (compared to 1.89 EH/s in May 2025)
- Bitcoin balance: 341 BTC (compared to 350 BTC in May 2025)
In June, DMG’s operational hashrate averaged 1.56 EH/s, an 18% decrease from the previous month. This dip was primarily attributed to an unscheduled two-day electrical outage at its Christina Lake facility and ongoing challenges with its hydroelectric infrastructure.
Specifically, a powerful regional lightning storm caused a critical substation breaker to trip, necessitating extensive repairs. Furthermore, DMG’s hydro miners have experienced downtime due to contamination issues stemming from manufacturer quality control problems. The company has been actively addressing these issues over recent weeks and anticipates that with further servicing and close monitoring, it can improve the hashrate of its current hydroelectric mining capacity to approach its 0.4 EH/s potential, even amidst increasing summer temperatures. These hydro miners are engineered to operate at ambient temperatures above 40 degrees Celsius, though at reduced efficiencies.
Learning from the initial deployment of its 6-megawatt hydro mining container, DMG is now shifting its strategy to source new hydroelectric infrastructure from alternative manufacturers. For its planned Christina Lake building hydro deployment, the company will leverage its existing electrical distribution and shelving while procuring key components from leading vendors. This approach is expected to streamline the transition from air-cooled to direct liquid-cooled mining, enhance supply chain quality control, and simplify infrastructure component integration. DMG plans to construct a pilot system at its Christina Lake facility this summer as a precursor to its expansion goal of achieving 3 EH/s by the end of 2025.
DMG’s Bitcoin holdings stood at 341 BTC at the close of June. The company sold a portion of its Bitcoin holdings during the month to cover operational expenses and continue reducing its loan balance with Sygnum Bank, consistent with previous guidance.
New Bitcoin Mining Site Agreement in Canada Announced
DMG has finalized a binding agreement, following its May 2023 announcement, to establish a new data processing center in a Canadian province outside of British Columbia, with access to cost-effective renewable energy. This move aligns with DMG’s long-term objective of strategically locating its Bitcoin mining operations in areas with lower energy costs. Upon full operational status, the new site is projected to add approximately 1 EH/s of Bitcoin mining capacity, contingent on equipment selection and commissioning timelines, which are currently slated for the latter half of 2026.
DMG CEO Sheldon Bennett commented, “June presented us with several unexpected operational hurdles, but it also marked significant progress in our strategic shift to lower-cost energy regions for our Bitcoin mining activities. We are continuing constructive discussions with Canadian government agencies, particularly the Department of National Defence, recognizing Canada’s commitment to increasing its defense spending with artificial intelligence as a core growth driver. In relation to Systemic Trust, we are encouraged by the onboarding of custody clients and the expansion of our platform’s capabilities beyond custody services.”
Stock Options and RSUs Granted
DMG has announced the issuance of stock options and Restricted Stock Units (RSUs) to its employees and directors. A total of 201,607 stock options and 1,275,000 RSUs have been granted. The options are exercisable over five years at $0.285 per share, with vesting occurring in 25% increments at six, 12, 18, and 24-month intervals from the grant date. The RSUs vest after one year. These grants are designed to foster a performance-driven incentive structure that aligns with the company’s long-term growth trajectory.
About DMG Blockchain Solutions Inc.
DMG Blockchain Solutions Inc. is a publicly traded, vertically integrated company specializing in blockchain and data center technology. The company develops and manages end-to-end digital solutions designed to capitalize on the evolving digital asset and artificial intelligence compute ecosystems. Systemic Trust Company, a wholly-owned subsidiary of DMG, plays a crucial role in DMG’s carbon-neutral Bitcoin ecosystem, facilitating sustainable and regulatory-compliant Bitcoin transactions for financial institutions.
For more information on DMG Blockchain Solutions and its initiatives, please visit www.dmgblockchain.com. Stay updated with the latest developments and insights by following @dmgblockchain on X, LinkedIn, and Facebook, and subscribing to the DMG YouTube channel.
For further information, please contact:
On behalf of the Board of Directors,
Sheldon Bennett, CEO & Director
Tel: +1 (778) 300-5406
Email: [email protected]
Web: www.dmgblockchain.com
For Investor Relations:
[email protected]
For Media Inquiries:
Chantelle Borrelli
Head of Communications
[email protected]
Neither the TSX Venture Exchange nor its Regulation Services Provider assumes responsibility for the adequacy or accuracy of this news release.
Cautionary Note Regarding Forward-Looking Information
This press release contains forward-looking statements and information based on current expectations. These statements include projections regarding DMG’s strategies and plans, the execution of its overall strategy for transitioning data center capacity to AI, hash rate increases, the planned expansion to 3 EH/s by the end of 2025, the sourcing of hydroelectric infrastructure from alternative manufacturers, securing new clients for its Systemic Trust digital asset custody subsidiary, opportunities and plans for monetizing Bitcoin transactions and offering additional products and services, ongoing investment in Bitcoin network software infrastructure and applications, anticipated capital allocation, development and execution of the company’s products and services, increased self-mining, hash rate improvements, efforts to optimize its mining fleet operations, product and service launches, future events, courses of action, and the technological and operational potential of the company.
Future changes in the global Bitcoin network’s mining difficulty rate or overall hashrate could materially impact DMG’s future Bitcoin production. Similarly, market fluctuations in the price of Bitcoin could significantly affect future operating results.
Forward-looking statements are those that are not purely historical, including statements pertaining to beliefs, plans, expectations, or intentions regarding the future. These can often be identified by the use of terms such as “may,” “expect,” “estimate,” “anticipate,” “intend,” “believe,” and “continue,” or their negative counterparts or similar variations. Readers are cautioned that the assumptions underpinning any forward-looking information may prove to be incorrect. Actual results could differ materially from predicted outcomes due to the impact of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the company’s control. These include, but are not limited to, market conditions, the volatility of the company’s common share trading price, general business, economic, and capital market conditions, the ability to manage operating expenses affecting financial condition, the capacity to remain competitive against better-financed competitors, regulatory uncertainties, access to equipment, market demand and pricing for products, the demand and pricing of Bitcoin, the demand and pricing for AI data centers and associated usage, security threats including potential loss or theft of DMG’s Bitcoin, DMG’s relationships with customers, distributors, and business partners, the ability to increase power capacity at DMG’s facilities, the successful and timely design and release of new products that meet customer needs, attracting, retaining, and motivating qualified personnel, industry competition, the impact of technological changes on products and the industry, the failure to develop new and innovative products, the ability to maintain and enforce intellectual property rights and defend against infringement claims, potential material adverse effects from intellectual property litigation, the ability to manage working capital, and reliance on key personnel. DMG may not achieve its stated plans, projections, or expectations. Such statements are based on numerous assumptions regarding present and future business strategies and the operating environment, including product demand, the ability to successfully develop software, the absence of regulations that might impede business operations, anticipated costs, the availability of sufficient capital to complete business plans, the achievement of strategic goals, and the price of Bitcoin. Given these risks, uncertainties, and assumptions, readers should not place undue reliance on these forward-looking statements. The securities of DMG are considered highly speculative due to the nature of its business. For more detailed information on these and other risks and uncertainties, please refer to the company’s filings on www.sedarplus.ca. It is important to note that DMG’s past financial performance may not be indicative of future results.
Factors that could cause actual results to differ materially from those projected in forward-looking statements include, but are not limited to, the failure to obtain regulatory approval, the continued availability of capital and financing, equipment and/or infrastructure failures, shortages in equipment supply, power, and infrastructure, failure to secure necessary operating permits, the impact of technological changes on the industry, the effects of viruses and diseases on the company’s operations, equipment procurement, and personnel hiring, competitive pressures, security threats including the theft of DMG’s Bitcoin or that of its customers, consumer sentiment towards DMG’s products and services, and blockchain and AI technology in general, the inability to develop new and innovative products, litigation, adverse weather or climate events, increases in operating costs, higher equipment and labor costs, equipment malfunctions, a decline in the Bitcoin price, counterparties failing to fulfill contractual obligations, government regulations, the loss of key employees and consultants, and general economic, market, or business conditions. All forward-looking statements contained herein are expressly qualified by this cautionary statement. Readers are cautioned not to place undue reliance on any forward-looking information. The forward-looking statements included in this news release are made as of the date of this release. Except as required by law, the company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Furthermore, the company undertakes no obligation to comment on the expectations of, or statements made by, third parties concerning the matters discussed herein.
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