Bullboard - Stock Discussion Forum 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... see more

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TSXV:DMGI - Post Discussion

DMG Blockchain Solutions Inc > Iris Energy (IREN) (the other BC miner) reports, 357 DMG 305

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Post by phoenix_trader on May 11, 2022 4:06pm

Iris Energy (IREN) (the other BC miner) reports, 357 DMG 305

Key Highlights

Revenue of $15.2 million (A$20.2 million) (+445% YoY)
Adjusted EBITDA of $7.3 million (A$9.8 million) (+358% YoY)
Adjusted EBITDA Margin of 48% (-9bp YoY)
Cash flow from operations during the quarter of $4.6 million (A$6.1 million)
IFRS NLAT of $2.7 million (A$3.6 million), largely driven by unrealized foreign exchange losses of $5.8 million (A$7.8 million)
Record average operating hashrate of 833 PH/s (+686% YoY), exceeding Canal Flats’ previously announced site capacity of 0.7 EH/s
357 Bitcoin mined (+449% YoY)

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Comment by phoenix_trader on May 11, 2022 4:18pm

DMG should report $3- 5 mill income given Iris's numbers. Frugality counts at DMG. DMG mined 305 BTC to Mar 31st, Iris mined 357. With over $17 mill in tax losses available for DMG - no tax this year. Iris Energy market cap US$ 375 mill - DMG US$ 42 mill Iris report here: Iris Energy Reports Third Quarter FY22 Results | Iris Energy

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