VANCOUVER, British Columbia — February 26, 2026 — Leads & Copy — DMG Blockchain Solutions Inc. (TSX-V: DMGI) (OTCQB US: DMGGF) (FRANKFURT: 6AX) has released its unaudited financial results for the fiscal first quarter of 2026.
The company, a vertically integrated blockchain and data center technology firm, reported revenue of $11.2 million for Q1 2026, a 2% decrease from $11.4 million in Q4 2025, and a 4% decrease from $11.6 million in Q1 2025. The company mined 69 bitcoin during the quarter, down from 72 in the previous quarter and 97 in the same quarter last year.
As of the end of Q1 2026, DMG held $58.6 million in cash, short-term investments, and digital assets, a 10% decrease from $65.2 million at the end of 2025. Total assets were valued at $122.0 million, down 8% from $132.0 million at the end of the previous fiscal year. The company reported a net loss of $2.2 million, or -$0.01 per share.
DMG’s CEO, Sheldon Bennett, stated the company is focused on two strategic pillars: core data center operations and Core+ Digital Asset Financial Services. The company is converting its Christina Lake facility into an AI data center with a capacity of at least 50 megawatts of critical IT load. DMG is also expanding its Digital Asset Financial Services, with Systemic Trust as a cornerstone for future revenue growth. The company is pursuing AI off-takers and potential government partnerships.
A decrease in digital currency mining revenues, partially offset by other revenue related to an energy efficiency incentive, contributed to the year-over-year revenue decrease. The company stated lower average Bitcoin economics in Q1 fiscal 2026 compared to Q1 fiscal 2025 contributed to the mining revenue decline.
Operating and maintenance expenses for Q1 fiscal 2026 were $6.7 million, consistent with the same period last year. General and administrative costs for the quarter were $1.9 million, also consistent with the previous year. Research costs remained relatively stable at $0.6 million.
Depreciation for Q1 fiscal 2026 was $3.5 million, compared to $4.3 million in the same period last year. The decrease is primarily due to the declining balance depreciation method. The company’s net loss decreased by $0.9 million, from $3.1 million in Q1 fiscal 2025 to $2.2 million in Q1 fiscal 2026. The reduced loss is primarily a result of a reduced operating loss resulting from the energy incentive payment and foreign exchange.
Net income/loss and comprehensive income/loss decreased by $28.7 million from income of $12.2 million in Q1 fiscal 2025 to a loss of $16.5 million in Q1 fiscal 2026. This is primarily the result of a $15.3 million unrealized revaluation gain in Q1 fiscal 2025 compared to a $14.3 million unrealized valuation loss in Q1 fiscal 2026, partially offset by the $0.9 million reduction in net loss.
The decrease in total assets is attributed to a $6.0 million decrease in the valuation of its digital assets and a $3.1 million decrease in its fixed assets due to depreciation.
DMG Blockchain Solutions Inc. will host a conference call on February 26, 2026, at 4:30 PM ET to review the results and provide a corporate update.
DMG manages, operates, and develops end-to-end digital solutions to monetize the digital asset and artificial intelligence compute ecosystems.
Source: DMG Blockchain Solutions Inc.
