Odaily Planet Daily reports that Bitcoin mining company DMG Blockchain announced its unaudited financial results for the first quarter of fiscal year 2026. Revenue was CAD 11.2 million, down 2% quarter-over-quarter and 4% year-over-year. During the quarter, they mined 69 Bitcoins, fewer than 72 in the previous quarter and 97 in the same period last year. Hash rate increased to 1.76 EH/s, up 10% quarter-over-quarter. The company held CAD 58.6 million in cash, short-term investments, and digital assets, a 10% decrease from the end of the fiscal year. Total assets were CAD 122 million, down 8% quarter-over-quarter. Net loss was CAD 2.2 million (CAD 0.01 per share), narrower than last year’s net loss of CAD 3.1 million. However, due to changes in the fair value of digital assets, comprehensive net profit shifted from a profit of CAD 12.2 million last year to a loss of CAD 16.5 million. (Globenewswire)
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitcoin Developer Paul Sztorc Announces eCash Hard Fork with 1:1 BTC Exchange, Sparking Community Controversy
Gate News message, April 25 — Bitcoin developer Paul Sztorc announced the launch of eCash, a Bitcoin hard fork network that will allow BTC holders to exchange their holdings at a 1:1 ratio for eCash tokens following the network's activation. The Layer 1 node software will be a near-replica of the Bi
GateNews9m ago
Liquidity Is Shifting Beyond Bitcoin — Why Altseason 2026 Could Surge and 5 Crypto Picks Gaining Attention
Liquidity rotation is gradually moving across multiple blockchain sectors beyond Bitcoin dominance.
Scaling and infrastructure tokens show steady development activity across developer ecosystems.
Privacy and gaming narratives continue to influence selective market participation trends
CryptoNewsLand21m ago
Bitdeer Sells All 185.7 BTC Weekly Output, Maintains Zero Bitcoin Holdings
Gate News message, April 25 — Bitdeer, a Nasdaq-listed Bitcoin mining company, disclosed its latest holdings data on X. For the week ending April 24, the company produced 185.7 BTC from mining operations and sold the same amount, resulting in
GateNews25m ago
Blackrock's IBIT Pulls $167M as Bitcoin ETFs Extend 8-Day $223M Inflow Streak
Bitcoin extended its inflow streak with conviction, adding $223 million. However, ether’s rally paused with a $76 million outflow, while XRP and solana posted decent gains.
Key Takeaways:
Bitcoin ETFs logged $223 million inflows for an eighth straight day of inflows, led by Blackrock’s IBIT addi
Coinpedia45m ago
Balancer Hacker Converts 14,300 ETH to 419.3 BTC via THORChain
Gate News message, April 25 — The Balancer hacker began converting ETH to BTC through THORChain yesterday (April 24) and has now swapped 14,300 ETH for 419.3 BTC, valued at approximately $32.51 million, according to on-chain analyst Yu Jin.
The attacker currently holds 7,700 ETH on the Ethereum
GateNews2h ago
Bitcoin Quantum Computing Threat Is Manageable, Real Issue Is Governance: Analyst
Gate News message, April 25 — Bitcoin analyst James Check said quantum computing poses a "manageable risk" rather than a systemic threat to Bitcoin, according to CoinDesk. Approximately 1.7 million BTC are held in Satoshi-era addresses, which could face risk if quantum computing breaks elliptic
GateNews2h ago
