Odaily Planet Daily reports that Bitcoin mining company DMG Blockchain announced its unaudited financial results for the first quarter of fiscal year 2026. Revenue was CAD 11.2 million, down 2% quarter-over-quarter and 4% year-over-year. During the quarter, they mined 69 Bitcoins, fewer than 72 in the previous quarter and 97 in the same period last year. Hash rate 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 were 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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