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DMG Blockchain Solutions
(DMGI)
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Rating:52Neutral
Price Target:
C$0.58
▲(1.05% Upside)
Action:Reiterated
Date:08/28/26
The score is held down primarily by weak financial performance (declining revenue, persistent losses, and negative TTM operating/free cash flow). Technicals provide some support with the stock trading above key moving averages and a positive MACD, but valuation is constrained by a negative P/E driven by losses and no dividend yield data.
Positive Factors
Moderate Leverage
TTM debt-to-equity of about 0.26 and a sizeable equity base relative to assets indicate some capacity to support operations and investment without heavy leverage. This provides a stronger financial cushion than a highly debt-funded structure, although rising debt and losses remain constraints.
Negative Factors
Declining Revenue and Losses
The roughly 13% TTM revenue decline, sharply negative gross profit, and continuing net and operating losses point to weak underlying economics. Persistent pressure at both the gross and operating levels reduces confidence in durable profitability and limits resources available for growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Moderate Leverage
TTM debt-to-equity of about 0.26 and a sizeable equity base relative to assets indicate some capacity to support operations and investment without heavy leverage. This provides a stronger financial cushion than a highly debt-funded structure, although rising debt and losses remain constraints.
Read all positive factors
DMG Blockchain Solutions (DMGI) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$114.22M
Dividend YieldN/A
Average Volume (3M)394.79K
Price to Earnings (P/E)―
Beta (1Y)2.30
Revenue Growth-13.15%
EPS Growth24.49%
CountryCA
Employees35
SectorFinancial
Sector Strength70
IndustryFinancial - Capital Markets
Share Statistics
EPS (TTM)-0.06
Shares Outstanding207,669,860
10 Day Avg. Volume455,236
30 Day Avg. Volume394,791
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 Target
C$0.55Price Target Upside-3.51% Downside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)-0.04
Revenue Forecast (FY)C$32.71M
DMG Blockchain Solutions Business Overview & Revenue Model
Company Description
DMG Blockchain Solutions Inc. is a Canadian enterprise engaged in the blockchain and cryptocurrency industries. The company focuses on conceiving, deploying, and managing digital platforms designed to capitalize on the opportunities within the blo...
How the Company Makes Money
DMG’s core revenue model is driven primarily by bitcoin mining. The company earns revenue by operating computing hardware (ASIC miners) that contributes hash rate to the Bitcoin network; in return, it receives bitcoin from block rewards and transa...
DMG Blockchain Solutions Earnings Call Summary
Earnings Call Date:Aug 25, 2025
(Q3-2025)
| % Change Since: |
Next Earnings Date:Dec 17, 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
28
Negative
Balance Sheet
62
Positive
Cash Flow
32
Negative
| Breakdown | TTM | Sep 2025 | Sep 2024 | Sep 2023 | Dec 2022 | Sep 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 36.29M | 47.34M | 33.90M | 27.94M | 43.24M | 10.22M |
| Gross Profit | -32.06M | 2.27M | 32.42M | 11.14M | 10.38M | 8.59M |
| EBITDA | 3.51M | 9.67M | 14.49M | 5.60M | 2.87M | -7.18M |
| Net Income | -13.08M | -10.27M | -5.23M | -16.46M | -16.98M | -9.55M |
Balance Sheet | ||||||
| Total Assets | 102.29M | 132.03M | 103.87M | 82.59M | 96.90M | 111.13M |
| Cash, Cash Equivalents and Short-Term Investments | 41.83M | 65.72M | 2.00M | 2.18M | 1.65M | 20.17M |
| Total Debt | 19.82M | 11.07M | 14.02M | 1.36M | 516.30K | 538.23K |
| Total Liabilities | 24.94M | 17.44M | 19.21M | 5.61M | 5.47M | 5.81M |
| Stockholders Equity | 77.34M | 114.59M | 84.66M | 76.98M | 91.43M | 105.31M |
Cash Flow | ||||||
| Free Cash Flow | -5.37M | -3.26M | -12.21M | -275.88K | -22.32M | -74.29M |
| Operating Cash Flow | -2.56M | 16.19M | 8.21M | 4.87M | 15.19M | -29.83M |
| Investing Cash Flow | -1.48M | -27.35M | -21.20M | -5.30M | -33.50M | -45.45M |
| Financing Cash Flow | 4.80M | 11.17M | 12.88M | 980.21K | -125.72K | 93.70M |
DMG Blockchain Solutions Technical Analysis
Positive
0.57
Price Trends
0.50
Positive
0.46
Positive
0.36
Positive
Market Momentum
0.01
Negative
52.86
Neutral
68.12
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:DMGI, the sentiment is Positive. The current price of 0.57 is above the 20-day moving average (MA) of 0.52, above the 50-day MA of 0.50, and above the 200-day MA of 0.36, indicating a bullish trend. The MACD of 0.01 indicates Negative momentum. The RSI at 52.86 is Neutral, neither overbought nor oversold. The STOCH value of 68.12 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:DMGI.
DMG Blockchain Solutions Peers Comparison
UnderperformOutperform
Sector (68)
TSE:DMGI
DMG Blockchain Solutions
0.53
0.23
76.67%
TSE:NDA
Neptune Digital Assets
0.57
-0.59
-50.86%
TSE:HUT
Hut 8
125.37
81.18
183.71%
DMG Blockchain Solutions Corporate Events
Business Operations and StrategyFinancial Disclosures
DMG Blockchain Deepens AI Pivot as Crypto-Linked Revenue Slides
Negative
Aug 27, 2026
DMG Blockchain Solutions reported fiscal third quarter 2026 revenue of $6.4 million, down 45% year over year, and a net loss of $3.9 million as weaker digital currency prices and lower mining output weighed on results. Total assets fell to $102.3 ...
Business Operations and StrategyFinancial Disclosures
DMG Blockchain Sets Aug. 27 Date for Q3 2026 Results and Investor Call
Neutral
Aug 21, 2026
DMG Blockchain Solutions Inc. said it will report financial results for its third quarter ended June 30, 2026, before markets open on Aug. 27, and will host a conference call the same day to review performance and provide a corporate update. The a...
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.