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DMG Blockchain Solutions Inc V.DMGI

Alternate Symbol(s):  DMGGF | V.DMGI.WT

DMG Blockchain Solutions Inc. is a vertically integrated blockchain and data center technology company that develops, manages, and operates comprehensive platform solutions to monetize the blockchain ecosystem. Its business lines are referred to as Core (infrastructure) and Core+ (software and services). The Company operates its transaction verification services business, known as Bitcoin mining, in Western Canada. It owns and operates its data center in Christina Lake, BC. Its regulatory and compliance platforms include Terra Pool, Blockseer Walletscore, Mine Manager and Blockseer Petra. Its crypto safety and security platforms include Blockseer Intelligence, Blockseer Exchange and Blockseer Breeze. It also provides bespoke data center deployments specializing in digital asset mining and artificial intelligence (AI). It also offers highly optimized solution to automate and manage hashrate contracts. Its subsidiary, Systemic Trust Corporation, is focused on custody of digital assets.


TSXV:DMGI - Post by User

Post by Betteryear2on Mar 28, 2022 9:45am
266 Views
Post# 34551478

DMG Blockchain Solutions Posts Q1 Revenue of $14.2M

DMG Blockchain Solutions Posts Q1 Revenue of $14.2M

Highlights:

  • Increased revenues to $14.2M, up 639% from a year earlier
  • Ended Q1 2021-2 with $5.9M in net income, compared to a $21K net loss from a year ago (December 31, 2020)
  • 432 BTC held as of December 31, 2021
  • Strong balance sheet with $119M in total assets as of December 31, 2021
  • EPS increased to $0.03 per share, up from (0.01) loss per share from a year ago
  • Hashrate increased to over 400PH/s as of December 31, 2021
  • DMG announces Conference Call to Review Fourth Quarter 2021 and First Quarter 2022 Financial Results and Provide Corporate Update on March 30, 2022 at 4:30 PM ET

VANCOUVER, British Columbia, March 28, 2022 (GLOBE NEWSWIRE) -- DMG Blockchain Solutions Inc. (TSX-V: DMGI) (DMGGF:OTC US) (FRANKFURT:6AX) (“DMG” or the “Company”), a vertically integrated blockchain and cryptocurrency technology company, is pleased to report its Q1 2022 filings for the quarter ended December 31, 2021 (all financial references are in Canadian Dollars unless specified otherwise) and announces Quarterly Financial Results and Corporate Update on March 30, 2022 at 4:30 PM ET.

DMG Blockchain Solutions Posts Q1 Revenue of $14.2M, up 639% Year Over Year, and announces Quarterly Financial Results and Corporate Update on March 30, 2022

 
 
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