DMG Blockchain Solutions Announces Preliminary July Operational Results, Treasury Update, Launch of Blockseer Explorer

Executive Summary

• DMG Blockchain Solutions reported preliminary operational results for July 2025, showing an increase in Bitcoin mining output and hashrate compared to June.
• The company successfully brought hydro infrastructure online, achieving 0.4 EH/s hashrate and resolving previous infrastructure contamination issues, resulting in stable intraday performance.
• Concurrently, DMG launched "Blockseer Explorer," a new digital asset software product for Bitcoin-native operators, and provided updates on its digital asset treasury and debt reduction efforts.

Key Details

• July 2025 Operational Metrics:
  • Bitcoin Mined: 26 BTC (compared to 23 BTC in June 2025).
  • Realized Hashrate: 1.65 EH/s (up 6% from 1.56 EH/s in June).
  • Bitcoin Balance: 307 BTC at end of July (down from 341 BTC in June).
• Infrastructure Updates:
  • Achieved 0.4 EH/s hashrate from newly operational hydro infrastructure in late July.
  • Overcame manufacturer quality control issues causing infrastructure contamination.
  • Hydro miners are performing as expected with intraday hashrate fluctuations of less than 1%, even during high ambient temperatures.
  • Initial failure rate of hydro miners is significantly lower than previous air-cooled equipment generations.
• Future Operations:
  • Substation maintenance scheduled for August, expected to cause three days of downtime with potential partial shutdowns.
  • No backup power generation utilized for Bitcoin mining operations (except server rooms).
• Financial & Treasury Updates:
  • Sold Bitcoin during July to fund operating expenses and reduce loan balance with Sygnum Bank.
  • Paid down more than half of the $20.0 million Sygnum Bank loan (as of March 31, 2025).
  • Strategy to increase Bitcoin balance and limit further debt reduction in the near-term, leveraging low energy costs.
  • Exploring development of a broader digital asset portfolio.
• Product Launch:
  • Relaunched "Blockseer Explorer," a Bitcoin-native wallet monitoring tool.
  • Features include wallet activity tracking, alerts, and spreadsheet-ready transaction exports without coding/API requirements.
  • Available at no cost at blockseer.com.

Notable Quotes

• "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 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."