GlobeNewswire
DMG Blockchain Solutions Inc., a leading vertically integrated blockchain and data center technology company, announces an update to its Christina Lake site AI development strategy. The Company had provided guidance for a gradual transition of its Christina Lake data center facility from Bitcoin mining to Artificial Intelligence (AI) that would span several years. It now believes the best way to monetize this asset is to work with one or more partners to build Christina Lake into a world-class 50-megawatt critical IT load (CITL) liquid-cooled AI data center that can support the latest generation of GPU hardware. Given Canada’s limited number of sites with immediate access to renewable energy-based transmission power that could enable a data center of this scale with relative proximity to population centers, DMG is focused on capitalizing on this opportunity.
Regarding DMG’s planned asset purchase of a 27,600 square foot building situated on 8 acres of leased land with an option to lease an additional adjacent lot of 10 acres in Boardman, Oregon, it still expects to close this transaction in the coming weeks.
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Regarding its plans for Bitcoin mining, the Company is withdrawing its guidance for its previously set end-of-calendar-year hashrate target of 3 EH/s. DMG is currently focusing its efforts on how to convert its Christina Lake site to AI.
Sheldon Bennett, CEO of DMG Blockchain Solutions, commented, “DMG is highly focused on maximizing its return to shareholders that can be unlocked by enabling Christina Lake as a solely dedicated AI data center. At the same time, we are committed to partnerships with Indigenous communities with which we are cultivating new relationships. Furthermore, we continue to work with the Canadian government, as we see a longer-term opportunity to develop a pan-Canadian approach to delivering sovereign AI. While Bitcoin mining would migrate from Christina Lake, we expect it to remain as part of our future, as it is a foundational element of our digital asset financial services strategy.”
November 2025 Preliminary Operational Results
DMG also announces its preliminary operational results for November 2025:
- Bitcoin mined: 22 BTC (vs 23 BTC in October 2025)
- Hashrate: 1.81 EH/s (vs 1.75 EH/s in October 2025)
- Bitcoin balance: 380 BTC (vs 359 BTC in October 2025)
In November 2025, DMG’s hashrate was 1.81 EH/s, compared to 1.75 EH/s in October, as it incrementally improved operation of its Bitcoin mining fleet. At the end of November, DMG held 380 bitcoin, as it limited its liquidations to rebuild its bitcoin balance.
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