08:38 AM EDT, 10/08/2025 (MT Newswires) -- DMG Blockchain Solutions ( DMGGF ) Wednesday announced its preliminary operational results for September.
The company mined 23 bitcoin in September, unchanged from the month before. DMG had a bitcoin balance of 342, up from 324 in August.
The company said it utilized its debt facility to limit its bitcoin liquidations to rebuild its bitcoin balance. In the near term, DMG is deferring any changes to its current policy, where it considers bitcoin as part of its working capital. The company is pursuing the potential acquisition of additional capital assets to enable its artificial intelligence (AI) infrastructure build-outs in a non-dilutive manner. Even as the company's share price has increased in the past month, management believes that an equity raise at current levels would not be in the best interest of shareholders.
DMG also reported its hydro miners encountered downtime due to recurring contamination issues, and its operations team has adjusted its water-glycol mix to support the upcoming winter months. The hydro equipment did not operate consistently at its rated 0.4 EH/s.
"We remain optimistic about our opportunities in AI and digital asset financial services, areas for which we are focused on building as the pillars of company growth going forward," Sheldon Bennett, chief executive said.
"For AI, we continue to focus on both Canadian government and military sector opportunities as well the enterprise market. Additionally, with respect to our relationship with the Malahat First Nation, we are working toward definitive agreements that support both AI and the power generation to energize that AI. Finally, we are encouraged by the longer-term opportunity for our digital asset custody business, for which we expect it to ramp up revenue in the coming calendar year."