DMG Blockchain Sees 42% Revenue Slump and 25% Bitcoin Output Drop in Q2
DMG Blockchain Solutions reported Q2 2026 EPS of -$0.01, in line with forecasts, on $5.26 million revenue, missing consensus by $0.49 million and falling 42% year-over-year. Bitcoin production slid 25% to 69 coins with hashrate down 4% to 1.70 EH/s.
1. Q2 Financial Results
DMG Blockchain Solutions posted Q2 2026 EPS of -$0.01, matching analyst forecasts, on $5.26 million in revenue. This represents a $0.49 million miss versus consensus and a 42% year-over-year decline from $12.60 million in Q2 2025.
2. Bitcoin Mining Performance
The company mined 69 bitcoin during the quarter, down 25% from 91 bitcoin in the same period last year. Hashrate fell 4% to 1.70 EH/s, reflecting reduced mining capacity and output.
3. Balance Sheet Metrics
DMG Blockchain carries a negative trailing P/E ratio of -7.59, evidencing ongoing unprofitability. It maintains a strong current ratio of 2.69 and a low debt-to-equity ratio of 0.17, indicating solid liquidity and limited leverage.
