DMG Blockchain Solutions Reports Third Quarter 2026 Financial Results

VANCOUVER, British Columbia, Aug. 27, 2026 (GLOBE NEWSWIRE) — DMG Blockchain Solutions Inc. (TSX-V: DMGI) (OTCQB US: DMGGF) (FRANKFURT: 6AX) (“DMG”), a vertically integrated data center and digital assets technology company, today announces its fiscal third quarter 2026 unaudited financial results. All financial references are in Canadian Dollars unless specified otherwise. Readers are encouraged to review the Company’s June 30, 2026 quarterly unaudited financial statements and management’s discussion and analysis thereof for an assessment of the Company’s performance and applicable risk factors, available at www.sedarplus.ca.

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DMG’s CEO, Sheldon Bennett, commented, “In Q3 2026, we focused on realizing our vision to transition our flagship Christina Lake facility to operate as an AI data center. Regarding our previously announced letter of intent to offer 50 megawatts of AI data center colocation services at our Christina Lake facility to a single tenant, we are actively working towards a definitive agreement. In parallel, we are moving forward with key project execution steps, including selecting our contractors and engineering design partners, strengthening our vendor relationships, applying for the necessary permits, exploring multiple financing options and addressing concerns from the local community. We remain committed to project success and enabling our off-take client to begin operating its servers in a timely manner.”

Revenue for Q3 2026 was $6.4 million, compared to $11.6 million in Q3 2025. The decrease in revenue is attributable to a decrease in digital currency mining revenue of $5.2 million, which is primarily the result of a decrease in both the amount of digital currency mined and the average price of digital currency.

Operating and maintenance expenses for Q3 2026 were $4.4 million, compared to $6.5 million in Q3 2025. This decrease is primarily due to a $2.0 million decrease in utilities expenses driven by favourable non-firm energy rates realized during the recent period and the retirement of inefficient digital currency miners.

General and administrative costs for Q3 2026 were $1.5 million, compared to $1.9 million in Q3 2025. General and administrative costs consist mostly of wages, professional fees, consulting fees and financing costs.

Depreciation for Q3 2026 was $2.6 million, compared to $4.5 million in Q3 2025. Additions to property and equipment during the nine months ended June 30, 2026 totaled $1.6 million, compared to $19.5 million and $21.9 million in the fiscal years ended September 30, 2025 and 2024 respectively. The relatively low level of recent additions has limited the offsetting impact on depreciation expense, contributing to the lower depreciation expense for the current period.