10:17 AM EDT, 04/02/2025 (MT Newswires) -- DMG Blockchain Solutions ( DMGGF ) was at last look edging up early Wednesday after it reported preliminary operational results for March 2025, saying it mined 32 Bitcoin compared with 27 Bitcoin, in February.

Bitcoin holdings in March was 458 BTC compared with 443 BTC in the prior month.

"Despite a several-week delay relative to our prior guidance in achieving our 2.1 EH/s hashrate goal, we are pleased with the performance of our hydro mining equipment and expect to complete this phase of expansion shortly," said DMG Chief Executive Sheldon Bennett.

The company now operates 2 megawatts of S21 Hydro and S21+ Hydro miners, achieving a total fleet hashrate of nearly 1.9 EH/s.

"While we continue optimizing the growth and efficiency of our Bitcoin mining fleet, our primary focus remains on securing high-value AI offtake agreements and attracting new clients for Systemic Trust and Terra Pool to advance our carbon neutral Bitcoin ecosystem. We believe these investments will maximize long-term shareholder value as we execute our strategy," said Bennett.

DMGI expects the next 2 megawatts to be deployed by mid-April, following a minor delay in S21+ Hydro miner shipments, with the remaining 2 megawatt capacity scheduled for deployment by the end of April to accommodate the replacement of defective mining infrastructure components.

Shares were fluctuating between modest losses and gains on the TSX Venture Exchange.