Season 1 Episode 373
DMG Blockchain Solutions presents their Q3 earnings results while discussing their strategic vision balancing Bitcoin mining operations and expansion into AI infrastructure solutions.
• Q3 revenue of $11.6 million with 44% cash gross profit margin and $2.7 million in operating income before depreciation
• Balance sheet strength with net assets valued at approximately twice the company's market capitalization
• Strategic debt reduction to under $10 million while maintaining comfortable leverage ratio
• Plans to establish a digital asset treasury policy for long-term Bitcoin accumulation
• Christina Lake facility transitioning from air-cooled to hydro-cooled mining equipment
• Targeting 3 exahash of Bitcoin mining capacity while preparing for potential AI expansion
• Secured two megawatts of prefabricated, military-grade data center infrastructure with path to ten megawatts
• Focus on Canadian government contracts for sovereign AI solutions addressing data privacy concerns
• Partnership with Malahat Nation providing access to additional power allocation and expansion opportunities
• Relaunched Blocks Seer explorer as free blockchain analytics tool to support ecosystem and raise company profile
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Published on 4 months ago
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