DMG Blockchain Solutions Inc. (V:DMGI)
Business Focus: Blockchain & Cryptocurrency (NEC)
| Sector: Technology | Industry: Blockchain & Cryptocurrency |
| Company Contact | |
| Address: | 4193 104 Street DELTA BC V4K 3N3 |
| Tel: | N/A |
| Website: | N/A |
| IR: | N/A |
| Key People | ||
| Sheldon Bennett Chief Executive Officer, Director | Heather Sim Chief Financial Officer, Director | Steven Eliscu Chief Operating Officer | Adrian Glover Chief Technology Officer |
| Business Overview |
| DMG Blockchain Solutions Inc. is a Canada-based vertically integrated blockchain and cryptocurrency company that manages, operates and develops end-to-end digital solutions to monetize the blockchain ecosystem. Its business lines consist of Core, which includes data center operations, and Core+, which provides software and services. The Company operates its transaction verification services business, commonly known as Bitcoin mining, in Western Canada. The Company owns and operates its data center in Christina Lake, BC. Its regulatory and compliance platforms include Terra Pool, Blockseer Walletscore, Mine Manager and Blockseer Petra. Its crypto safety and security platforms include Blockseer Intelligence, Blockseer Exchange and Blockseer Breeze. Its Blockseer Walletscore platform is focused on anti-money laundering (AML) compliance obligations with a custom DMG application programming interface (API) for crypto exchanges to payment platforms to interconnect and utilize this platform. |
| Financial Overview |
| For the three months ended 31 December 2023, Dmg Blockchain Solutions Inc revenues increased 35% to C$9.7M. Net income totaled C$7M vs. loss of C$5.6M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net Income reflects Realized revaluation loss on digital ... increase from C$177K (expense) to C$852K (income). |
| Employees: | 16 as of Sep 30, 2020 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $70.09M as of Dec 31, 2023 |
| Annual revenue (TTM): | $30.46M as of Dec 31, 2023 |
| EBITDA (TTM): | $5.53M as of Dec 31, 2023 |
| Net annual income (TTM): | -$3.90M as of Dec 31, 2023 |
| Free cash flow (TTM): | $2.14M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 169,379,065 as of Mar 12, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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