The call presented a balanced view with significant achievements in software development and strategic partnerships, particularly with indigenous groups for AI initiatives. However, the decrease in Bitcoin production and quarterly revenue, along with a reported net loss, highlight ongoing challenges. The focus on future growth in AI and carbon-neutral operations provides a positive outlook despite current setbacks.

Company Guidance

During the Q4 2024 earnings call for DMG Blockchain Solutions, several key metrics and strategic updates were discussed. The company reported mining 65 Bitcoins during the quarter with a realized hash rate of 0.98 exahash and a fleet efficiency of 24.6 joules, despite facing a 3% increase in network difficulty and a 26% sequential decrease in Bitcoin production. Over the full year, DMG mined a total of 503 Bitcoins, reflecting a 43% decrease from the previous year. Their current cash plus Bitcoin balance stood at $36 million, a 9% sequential decrease but a 90% year-over-year increase. The company also highlighted a significant increase in their hash rate to 1.7 exahash, expecting further growth to 2.1 exahash by February. DMG shared optimism about revenue and margin improvements in the current quarter due to increased Bitcoin prices. They are targeting a fleet efficiency improvement to 21 joules with the deployment of 6 megawatts of hydro miners. Additionally, DMG is eyeing a transformation with a focus on AI infrastructure, citing a potential joint venture with the Malahat Nation and aiming for a 3 exahash goal in the coming year using next-generation miners with efficiency ratings below 12 joules per terahash. Revenue for the September quarter was $5.9 million, a 29% sequential drop due to decreased self-mining revenue, while full-year revenue increased 21% to $33.9 million. The company continues to focus on its Core+ strategy and plans to leverage their Systemic Trust platform to enhance their carbon-neutral ecosystem initiatives.

Core+ Strategy Progress

Significant strides have been made in the Core+ strategy, focusing on the development of Systemic Trust and Terra Pool as key components of a carbon-neutral ecosystem.

Hash Rate Increase

Hash rate increased by over 2/3 this quarter, with expectations to reach 2.1 exahash soon, improving fleet efficiency to 23 joules and targeting 21 joules.

AI and Indigenous Partnerships

Partnership with the Malahat Nation to build a 30-megawatt generative AI compute capacity, with plans for significant investment and expansion.

Revenue Growth

Full-year revenue increased by 21% to $33.9 million, despite quarterly challenges.

Capital Raising

Raised $7.2 million in November, with plans to raise more capital to support both Bitcoin mining and AI projects.

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DMG Blockchain Solutions (TSE:DMGI) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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TSE:DMGI Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 29, 2019	2019 (Q1)	- / -0.03	―	―	―	―
Aug 29, 2019	2019 (Q3)	- / -	―	―	―	―
Feb 28, 2020	2019 (Q4)	- / -0.01	-0.02	50.00% (+0.01)	―	―
Feb 28, 2020	2020 (Q1)	- / -	-0.02	―	―	―
May 28, 2020	2020 (Q2)	- / >-0.01	-0.019	57.89% (+0.01)	―	―
Aug 28, 2020	2020 (Q3)	- / >-0.01	-0.03	76.67% (+0.02)	―	―
Mar 01, 2021	2020 (Q4)	- / >-0.01	-0.01	30.00% (<+0.01)	―	―
Mar 01, 2021	2021 (Q1)	- / -	-0.01	―	―	―
May 27, 2021	2021 (Q2)	- / 0.02	-0.008	350.00% (+0.03)	―	―
Aug 31, 2021	2021 (Q3)	-0.02 / -0.05	-0.007	-614.29% (-0.04)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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TSE:DMGI Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Dec 19, 2024	C$0.41	C$0.38	-8.54%
Aug 27, 2024	C$0.51	C$0.50	-1.96%
May 23, 2024	C$0.51	C$0.51	0.00%
Feb 22, 2024	C$0.59	C$0.60	+1.69%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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FAQ

When does DMG Blockchain Solutions Inc (TSE:DMGI) report earnings?

DMG Blockchain Solutions Inc (TSE:DMGI) is schdueled to report earning on Feb 04, 2025, TBA Not Confirmed.

What is DMG Blockchain Solutions Inc (TSE:DMGI) earnings time?

DMG Blockchain Solutions Inc (TSE:DMGI) earnings time is at Feb 04, 2025, TBA Not Confirmed.

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is TSE:DMGI EPS forecast?

TSE:DMGI EPS forecast for the fiscal quarter 2025 (Q4) is -0.04.

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