07:20 AM EDT, 07/03/2025 (MT Newswires) -- DMG Blockchain Solutions ( DMGGF ) , which rose 14% on Wednesday, released its preliminary operational results for June, saying it mined 23 bitcooin in the month, down from 31 in May.

The company had a realized hashrate for the month of 1.56 EH/s, down 18% from the 1.89 EH/s reported in May, as it experienced an unscheduled electrical outage of nearly two days at its Christina Lake facility and faced continued challenges operating its hydro infrastructure.

The company had a bitcoin balance of 341 BTC at the end of June, compared with 350 in May.

"In June, we encountered several unforeseen issues with our Bitcoin mining infrastructure, but we also advanced our longer-term objective to migrate our Bitcoin mining to where energy is less expensive," said DMG Blockchain Solutions' ( DMGGF ) Chief Executive Officer, Sheldon Bennett. "We continue to make progress in our discussions with Canadian governmental agencies, with a focus on the Department of National Defence, as Canada has pledged to increase its military spending, with AI as a key pillar of that growth. Regarding Systemic Trust, we remain encouraged regarding custody clients onboarding to the platform as well as expanding the platform capability beyond custody."

A company statement noted that it plans to build a pilot system in its Christina Lake building this summer ahead of its planned expansion to grow to 3 EH/s by the end of calendar 2025.

The company also announced the granting of a total of 201,607 stock options and about 1.27 million restricted stock units to employees and directors of the company.