DMG Blockchain Solutions Inc (TSE:DMGI)
:DMGI
Top Page
DMG Blockchain Solutions
(DMGI)
Select Model
Select Model
Rating:44Neutral
Price Target:
C$0.23
▼(-5.00% Downside)
Action:ReiteratedDate:02/27/26
The score is held down primarily by weak financial performance (persistent losses and volatile/declining TTM revenue) despite a relatively low-leverage balance sheet and improving operating cash flow. Technicals also remain soft with the price below key moving averages and negative MACD, while valuation is constrained by a negative P/E and no dividend support.
Positive Factors
Diversified revenue streams
DMG operates across mining, blockchain software/services and transaction infrastructure, giving multiple structural revenue channels. This diversification reduces dependence on a single revenue driver (e.g., coin prices), helps smooth cash flow over cycles and supports cross-selling of services to institutional clients.
Negative Factors
Persistent net losses
Chronic net losses erode capital and limit the company’s ability to self-fund growth or return capital. Persistently negative earnings make long-term planning harder, increase dependence on external financing, and raise execution risk if market conditions worsen or access to funding tightens.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified revenue streams
DMG operates across mining, blockchain software/services and transaction infrastructure, giving multiple structural revenue channels. This diversification reduces dependence on a single revenue driver (e.g., coin prices), helps smooth cash flow over cycles and supports cross-selling of services to institutional clients.
Read all positive factors
DMG Blockchain Solutions (DMGI) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$47.46M
Dividend YieldN/A
Average Volume (3M)1.10M
Price to Earnings (P/E)―
Beta (1Y)2.39
Revenue Growth39.64%
EPS Growth-70.96%
CountryCA
Employees16
SectorFinancial
Sector Strength70
IndustryFinancial - Capital Markets
Share Statistics
EPS (TTM)-0.01
Shares Outstanding206,354,220
10 Day Avg. Volume1,801,762
30 Day Avg. Volume1,095,023
Financial Highlights & Ratios
PEG Ratio-0.14
Price to Book (P/B)0.83
Price to Sales (P/S)2.02
P/FCF Ratio-29.24
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)-0.09
Revenue Forecast (FY)C$34.37M
DMG Blockchain Solutions Business Overview & Revenue Model
Company Description
DMG Blockchain Solutions Inc. operates as a blockchain and cryptocurrency company in Canada. The company manages, operates, and develops digital solutions to monetize the blockchain ecosystem. It also offers transaction verification; co-location h...
How the Company Makes Money
DMG Blockchain Solutions generates revenue through multiple streams. Primarily, the company earns money by operating cryptocurrency mining facilities, where it mines Bitcoin and other cryptocurrencies, selling the mined coins on the open market. A...
DMG Blockchain Solutions Earnings Call Summary
Earnings Call Date:Aug 25, 2025
(Q3-2025)
| % Change Since: |
Next Earnings Date:Jun 03, 2026
Earnings Call Sentiment Neutral
While there were notable achievements such as increased asset holdings and advancements in AI and carbon-neutral initiatives, challenges like delayed revenue from Systemic Trust and a decrease in revenue overshadowed these positives.Positive Updates
Increased Asset Holdings
Cash, short-term investments plus Bitcoin balance rose to $61.8 million, up 56% year-over-year.
Negative Updates
Delayed Revenue from Systemic Trust
Revenue target for Systemic Trust delayed with expectations now set for the next calendar year.
Read all updates
Q3-2025 Updates
Positive
Negative
Increased Asset Holdings
Cash, short-term investments plus Bitcoin balance rose to $61.8 million, up 56% year-over-year.
Read all positive updates
Company Guidance
During the Q3 2025 DMG Blockchain Solutions conference call, the company provided guidance on several key metrics and future strategies. The company emphasized its focus on expanding its AI and software services, particularly through Systemic Trust, which despite slower-than-anticipated onboarding and revenue generation, is expected to achieve material revenue within the next 12 months. DMG is also committed to its carbon-neutral Bitcoin ecosystem, Terra Pool, aiming to demonstrate economic advantages for miners using carbon-neutral energy sources. The firm reported a revenue of $11.6 million for the June quarter, a decrease from $12.6 million in the previous quarter, while noting a 40% increase from the same period last year. DMG mined 84 Bitcoin, but revenue from self-mining decreased by 8% due to lower network Bitcoin per exahash generation. The company is focused on reaching its 3 exahash goal by the end of the calendar year, emphasizing non-dilutive growth strategies. DMG's cash, short-term investments, and Bitcoin balance stood at $61.8 million, with a net income close to breakeven in the June quarter. The company is exploring opportunities in the Canadian defense sector and remains optimistic about its AI infrastructure projects, while also contemplating potential uplisting to exchanges like NASDAQ and the Texas Exchange.DMG Blockchain Solutions Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
63
Positive
Cash Flow
52
Neutral
| Breakdown | TTM | Sep 2025 | Sep 2024 | Sep 2023 | Dec 2022 | Sep 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 46.88M | 47.34M | 33.90M | 27.94M | 43.24M | 10.22M |
| Gross Profit | -7.62M | 2.27M | 32.42M | 11.14M | 10.38M | 8.59M |
| EBITDA | 8.40M | 9.67M | 14.49M | 5.60M | 2.87M | -7.18M |
| Net Income | -9.36M | -10.27M | -5.23M | -16.46M | -16.98M | -9.55M |
Balance Sheet | ||||||
| Total Assets | 122.01M | 132.03M | 103.87M | 82.59M | 96.90M | 111.13M |
| Cash, Cash Equivalents and Short-Term Investments | 58.72M | 65.72M | 2.00M | 2.18M | 1.65M | 20.17M |
| Total Debt | 16.42M | 11.07M | 14.02M | 1.36M | 516.30K | 538.23K |
| Total Liabilities | 23.49M | 17.44M | 19.21M | 5.61M | 5.47M | 5.81M |
| Stockholders Equity | 98.53M | 114.59M | 84.66M | 76.98M | 91.43M | 105.31M |
Cash Flow | ||||||
| Free Cash Flow | 3.31M | -3.26M | -12.21M | -275.88K | -22.32M | -74.29M |
| Operating Cash Flow | 13.30M | 16.19M | 8.21M | 4.87M | 15.19M | -29.83M |
| Investing Cash Flow | -12.29M | -27.35M | -21.20M | -5.30M | -33.50M | -45.45M |
| Financing Cash Flow | -4.27M | 11.17M | 12.88M | 980.21K | -125.72K | 93.70M |
DMG Blockchain Solutions Technical Analysis
Negative
0.24
Price Trends
0.24
Negative
0.27
Negative
0.31
Negative
Market Momentum
>-0.01
Negative
46.79
Neutral
35.40
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:DMGI, the sentiment is Negative. The current price of 0.24 is above the 20-day moving average (MA) of 0.23, below the 50-day MA of 0.24, and below the 200-day MA of 0.31, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 46.79 is Neutral, neither overbought nor oversold. The STOCH value of 35.40 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:DMGI.
DMG Blockchain Solutions Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
57 Neutral | C$7.43B | -28.89 | 18.75% | ― | 7.46% | -4.30% | |
46 Neutral | C$1.56B | -4.86 | -45.55% | ― | 51.69% | 28.00% | |
44 Neutral | C$47.46M | -5.39 | -8.68% | ― | 39.64% | -70.96% | |
43 Neutral | C$106.47M | -6.21 | -11.71% | ― | -21.21% | -84.82% | |
41 Neutral | C$8.52M | -2.83 | -13.56% | ― | 40.83% | -123.25% |
* Financial Sector Average
TSE:DMGI
DMG Blockchain Solutions
0.23
0.03
12.20%
TSE:NDA
Neptune Digital Assets
0.83
-0.47
-36.15%
TSE:HUT
Hut 8
66.98
50.70
311.43%
TSE:BITF
Bitfarms
2.76
1.70
160.38%
TSE:CBIT
Cathedra Bitcoin Inc
0.29
-0.61
-67.78%
DMG Blockchain Solutions Corporate Events
Business Operations and StrategyFinancial Disclosures
DMG Blockchain Narrows Operating Loss as It Pivots Toward AI Data Centers and Financial Services
Negative
Feb 26, 2026
DMG Blockchain Solutions reported first quarter fiscal 2026 revenue of $11.2 million, a modest year-over-year decline driven by weaker Bitcoin economics and lower mining output, partly offset by a sizable energy efficiency incentive. The company p...
Business Operations and StrategyExecutive/Board ChangesFinancial Disclosures
DMG Blockchain Secures $1.5 Million Efficiency Incentive as It Refines Operations and Data Center Strategy
Neutral
Feb 6, 2026
DMG Blockchain Solutions has received a US$1.5 million energy efficiency incentive tied to its deployment of hydro direct liquid cooled server technology at its Christina Lake data center, following a third-party study that showed greater-than-exp...
Business Operations and StrategyExecutive/Board ChangesFinancial Disclosures
DMG Blockchain Posts Higher Bitcoin Holdings as It Advances AI Data Center Strategy
Positive
Jan 6, 2026
DMG Blockchain Solutions reported preliminary December 2025 operational results showing a slight increase in bitcoin mined to 23 BTC and a higher bitcoin treasury of 403 BTC, despite a marginal dip in hashrate to 1.77 EH/s, as the company continue...
Business Operations and StrategyFinancial DisclosuresRegulatory Filings and Compliance
DMG Blockchain Boosts Revenue and Cash as It Pivots Toward AI Infrastructure
Positive
Dec 18, 2025
DMG Blockchain Solutions reported a 40% jump in fiscal 2025 revenue to $47.3 million, driven primarily by stronger bitcoin prices and expanded mining operations that lifted its average hashrate to 1.70 EH/s and significantly improved operating cas...
Business Operations and StrategyFinancial DisclosuresRegulatory Filings and Compliance
DMG Blockchain to Release Q4 and Full-Year 2025 Financial Results
Positive
Dec 18, 2025
DMG Blockchain Solutions Inc. has announced the release of its audited financial results for the fourth quarter and full fiscal year 2025 on December 18 before the market opens. The company will also hold a conference call to provide further insig...
Business Operations and StrategyProduct-Related Announcements
DMG Blockchain Solutions Shifts Focus to AI Development at Christina Lake
Positive
Dec 4, 2025
DMG Blockchain Solutions has announced a strategic update to its AI development at the Christina Lake site, transitioning from Bitcoin mining to a 50-megawatt AI data center in collaboration with partners. This move aims to capitalize on Canada...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.