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Globe and Mail
an hour ago
- Globe and Mail
DMG Blockchain Solutions Announces Preliminary July Operational Results, Treasury Update, Launch of Blockseer Explorer
VANCOUVER, British Columbia, Aug. 06, 2025 (GLOBE NEWSWIRE) -- DMG Blockchain Solutions Inc. (TSX-V: DMGI) (OTCQB: DMGGF) (FRANKFURT: 6AX) ("DMG" or the "Company"), a vertically integrated blockchain and data center technology company, today announces its preliminary operational results for July 2025: During July 2025, DMG's realized hashrate was 1.65 EH/s, up 6% from the 1.56 EH/s reported in June, as the Company was able to make fully operational its hydro infrastructure with 0.4 EH/s hashrate, achieved in the latter part of July. As a result of diligent efforts by its mining staff, the Company was able to overcome the infrastructure contamination issues caused by manufacturer quality control issues. DMG is now observing intraday hashrate fluctuations of less than 1% in its hydro mining segment, even during the warmest part of the summer. The hydro miners are designed to maintain hashrate under higher ambient temperatures, albeit at reduced efficiency, and are performing as expected. Notably, the initial failure rate of the hydro miners has been significantly lower than that of previous generations of air-cooled equipment. The Company has scheduled substation maintenance in August, which is expected to result in three days of downtime, with the possibility of partial shutdowns around that period. DMG does not currently utilize backup power generation for its Bitcoin mining operations, except for its server room. DMG's bitcoin balance was 307 BTC at the end of July. The Company sold bitcoin during the month to fund operating expenses and further reduce its loan balance with Sygnum Bank, in line with prior guidance. Digital Asset Treasury Update As of the date of this press release, DMG has paid down more than half of its Sygnum Bank loan balance, which was $20.0 million as of its most recently reported financial quarter ending March 31, 2025. In the near-term, DMG anticipates it will increase its bitcoin balance and limit further reductions in its debt. As a bitcoin miner, DMG's cash cost of energy to make bitcoin is well below the market price, which makes its cost of growing its bitcoin balance attractive. The Company continues to explore the development of a broader digital asset portfolio. DMG Launches Blockseer Explorer DMG announces it has relaunched Blockseer Explorer, which is part of DMG Blockchain's digital asset software suite and is a product tailored to a specific and underserved segment of the market: Bitcoin-native operators such as miners and self-custody treasuries. Explorer helps users track wallet activity, set alerts and export concise, spreadsheet-ready transaction data—with no coding, API setup or SQL required. By providing a bitcoin-only, GUI-first and export-friendly solution for wallet monitoring, Blockseer Explorer offers immediate benefit to a wide range of operators who want visibility, not complexity. Blockseer Explorer is available at no cost at About DMG Blockchain Solutions Inc. DMG is a publicly traded and vertically integrated blockchain and data center technology company that manages, operates and develops end-to-end digital solutions to monetize the digital asset and artificial intelligence compute ecosystems. Systemic Trust Company, a wholly owned subsidiary of DMG, is an integral component of DMG's carbon-neutral Bitcoin ecosystem, which enables financial institutions to move Bitcoin in a sustainable and regulatory-compliant manner. For additional information about DMG Blockchain Solutions and its initiatives, please visit Follow @dmgblockchain on X, LinkedIn and Facebook, and subscribe to the DMG YouTube channel to stay updated with the latest developments and insights. For further information, please contact: On behalf of the Board of Directors, Sheldon Bennett, CEO & Director Tel: +1 (778) 300-5406 Email: investors@ Web: For Investor Relations: investors@ For Media Inquiries: Chantelle Borrelli Head of Communications chantelle@ Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. Cautionary Note Regarding Forward-Looking Information This news release contains forward-looking information or statements based on current expectations. Forward-looking statements contained in this news release include statements regarding DMG's strategies and plans, increasing the Company's bitcoin balance and limit further reductions in its debt, explore building a broader digital asset portfolio, scheduled substation maintenance in August, the opportunity and plans to monetize bitcoin transactions and provide additional products and services to customers and users, the continued investment in Bitcoin network software infrastructure and applications, the expected allocation of capital, developing and executing on the Company's products and services, increasing self-mining, increasing hashrate, efforts to improve the operation of its mining fleet, the launch of products and services, events, courses of action, and the potential of the Company's technology and operations, among others, are all forward-looking information. Future changes in the Bitcoin network-wide mining difficulty rate or Bitcoin hashrate may materially affect the future performance of DMG's production of bitcoin, and future operating results could also be materially affected by the price of bitcoin and an increase in hashrate mining difficulty. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as "may", "expect", "estimate", "anticipate", "intend", "believe" and "continue" or the negative thereof or similar variations. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company, including but not limited to, market and other conditions, volatility in the trading price of the common shares of the Company, business, economic and capital market conditions; the ability to manage operating expenses, which may adversely affect the Company's financial condition; the ability to remain competitive as other better financed competitors develop and release competitive products; regulatory uncertainties; access to equipment; market conditions and the demand and pricing for products; the demand and pricing of bitcoin; the demand and pricing of AI data centers and usage; security threats, including a loss/theft of DMG's bitcoin; DMG's relationships with its customers, distributors and business partners; the inability to add more power to DMG's facilities; DMG's ability to successfully define, design and release new products in a timely manner that meet customers' needs; the ability to attract, retain and motivate qualified personnel; competition in the industry; the impact of technology changes on the products and industry; failure to develop new and innovative products; the ability to successfully maintain and enforce our intellectual property rights and defend third-party claims of infringement of their intellectual property rights; the impact of intellectual property litigation that could materially and adversely affect the business; the ability to manage working capital; and the dependence on key personnel. DMG may not actually achieve its plans, projections, or expectations. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the demand for its products, the ability to successfully develop software, that there will be no regulation or law that will prevent the Company from operating its business, anticipated costs, the ability to secure sufficient capital to complete its business plans, the ability to achieve goals and the price of bitcoin. Given these risks, uncertainties, and assumptions, you should not place undue reliance on these forward-looking statements. The securities of DMG are considered highly speculative due to the nature of DMG's business. For further information concerning these and other risks and uncertainties, refer to the Company's filings on In addition, DMG's past financial performance may not be a reliable indicator of future performance. Factors that could cause actual results to differ materially from those in forward-looking statements include, failure to obtain regulatory approval, the continued availability of capital and financing, equipment and/or infrastructure failures, lack of supply of equipment, power and infrastructure, failure to obtain any permits required to operate the business, the impact of technology changes on the industry, the impact of viruses and diseases on the Company's ability to operate, secure equipment, and hire personnel, competition, security threats including stolen bitcoin from DMG or its customers, consumer sentiment towards DMG's products, services and blockchain and AI technology generally, failure to develop new and innovative products, litigation, adverse weather or climate events, increase in operating costs, increase in equipment and labor costs, equipment failures, decrease in the price of Bitcoin, failure of counterparties to perform their contractual obligations, government regulations, loss of key employees and consultants, and general economic, market or business conditions. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The reader is cautioned not to place undue reliance on any forward-looking information. The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Additionally, the Company undertakes no obligation to comment on the expectations of or statements made by third parties in respect of the matters discussed above.
CTV News
an hour ago
- CTV News
North Bay transit gets $20M boost for hybrid buses, terminal upgrades
Northern Ontario Watch North Bay to get eight new hybrid buses and transit upgrades through more than $20 million in federal, provincial and municipal funding. The money will also improve sidewalks and stormwater systems.
Globe and Mail
an hour ago
- Globe and Mail
CF Industries (CF) Q2 Revenue Jumps 20%
Key Points CF Industries reported Q2 2025 earnings, beating analyst estimates by 4.8% (GAAP). Revenue exceeded expectations while EPS fell short due to higher natural gas costs. Operational progress in decarbonization continued, with Donaldsonville CCS project launched and free cash flow strong. These 10 stocks could mint the next wave of millionaires › CF Industries (NYSE:CF), a leading global producer of ammonia and nitrogen fertilizers, reported Q2 2025 earnings on August 6, 2025. The company posted GAAP revenue of $1.89 billion, topping the analyst estimate of $1.80 billion, fueled by higher sales volumes and stronger pricing. However, its earnings per share (EPS) (GAAP) came in at $2.37, missing the consensus of $2.50. Overall, the quarter featured operational milestones in decarbonization and strong shareholder returns, but also highlighted ongoing margin sensitivity stemming from volatile input costs. Source: Analyst estimates provided by FactSet. Management expectations based on management's guidance, as provided in Q1 2025 earnings report. Business Overview and Strategic Priorities CF Industries operates one of the world's largest ammonia production and distribution networks. It manufactures ammonia—used in fertilizer and various industries—along with ammonia-derived products such as urea and UAN (urea ammonium nitrate) solutions. Its production facilities are located mostly in the United States, Canada, and the United Kingdom, supported by a global distribution system. The business has recently focused on two main areas. First, it is investing heavily in decarbonizing production by capturing and storing carbon dioxide emissions and developing low-carbon ammonia. Second, it is maintaining cost competitiveness through efficient management of feedstock, especially natural gas, which represents a significant share of manufacturing costs. Competitiveness requires reliable access to low-cost gas, high plant utilization, and rapid adaptation to changing regulation and global trade flows. Quarter in Review: Operations, Markets, and Decarbonization CF Industries' revenue (GAAP) rose by 20.2% compared to the prior year period. This growth was driven by robust sales volumes and a constructive demand environment, particularly in North American agriculture. The company's operational highlights included running its production facilities at 99% capacity for 1H 2025, resulting in anticipated gross ammonia production of around 10 million tons in 2025. High uptime and geographic reach allowed it to address customer needs in a market marked by tight inventories and solid end-user demand, such as corn farming. Profitability, however, faced headwinds from natural gas price inflation. Net earnings (GAAP) declined 8.1% compared to Q2 2024, and gross margin contracted from 43.2% in Q2 2024 to 39.9% as average natural gas costs for production climbed to $3.36 per MMBtu from $1.90 per MMBtu in Q2 2024. Decarbonization made tangible progress during the quarter. The company launched its Donaldsonville carbon capture and sequestration (CCS) project in July 2025, now actively capturing and storing carbon dioxide at planned rates. The project generates U.S. federal 45Q tax credits, expected to add approximately $100 million in annual free cash flow for 12 years following commissioning in July 2025 and reduce Scope 1 greenhouse gas emissions by about 10 %. Construction on the Blue Point complex, a new low-carbon ammonia facility built with partners JERA and Mitsui, focused on building out the project team, ordering long lead equipment, and preparing the site, with production targeted for 2029. These investments position the company to meet evolving environmental regulations and capitalize on emerging demand for low-carbon fertilizers and industrial ammonia. Market conditions remained favorable for most of the period. U.S. farm demand for nitrogen products was solid, while global trade shifts and inventory levels helped support pricing. However, management noted that the coming online of new ammonia capacity in North America may increase competition and introduce further price and margin volatility in future periods, with ammonia in particular benefiting from tight supply in key U.S. agricultural locations. The company returned $297 million to shareholders through dividends and buybacks, with $827 million returned to shareholders in 1H 2025. Capital expenditures were $245 million, including $90 million for the Blue Point JV. Ongoing commodity cost swings present a persistent underlying challenge for future quarters. Looking Ahead: Outlook and Points of Attention Management remains constructive about the medium-term outlook, expecting global demand for ammonia to outpace new capacity through 2030. The company aims to drive annual adjusted EBITDA to $3 billion and free cash flow to $2 billion at the expected 2030 mid-cycle as new projects come online. Planned capital expenditures for 2025 are $650 million, with about $150 million allocated to the Blue Point venture. The existing share repurchase program has about $425 million remaining as of 1H 2025, with an additional $2 billion authorization running through December 2029. Going forward, several issues warrant close observation: continuing volatility in natural gas prices, the execution and scaling up of low-carbon production projects, the impact of new ammonia capacity and global trade changes, and ongoing regulatory evolution around greenhouse gas emissions. These factors will drive the company's future margins and ability to meet decarbonization targets. Revenue and net income presented using U.S. generally accepted accounting principles (GAAP) unless otherwise noted. Where to invest $1,000 right now When our analyst team has a stock tip, it can pay to listen. After all, Stock Advisor's total average return is 1,026%* — a market-crushing outperformance compared to 180% for the S&P 500. They just revealed what they believe are the 10 best stocks for investors to buy right now, available when you join Stock Advisor. See the stocks » *Stock Advisor returns as of August 4, 2025
