DMG Blockchain Solutions Inc. (TSX-V: DMGI) (OTCQB US: DMGGF) (FRANKFURT: 6AX) (“DMG”), a leading vertically integrated blockchain and data center technology company, announced updates to its Christina Lake site AI development strategy. The company was providing guidance for the gradual transition of its Christina Lake data center facility from Bitcoin mining to artificial intelligence (AI) over several years. The company 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 capable of supporting the latest generation of GPU hardware. DMG is focused on capitalizing on this opportunity as there are a limited number of sites in Canada with ready access to renewable energy-based transmission power that can enable data centers of this size relatively close to population centers.
DMG’s planned asset purchase of a 27,600 square foot building on eight leased acres in Boardman, Oregon, announced on November 4, 2025, with an option to lease an additional 10 acres, is expected to close in the coming weeks.
Regarding its Bitcoin mining plans, the company is rescinding its previously set guidance on a calendar-end hash rate target of 3 EH/s. DMG is currently focused on how to transform the Christina Lake site to AI.
Sheldon Bennett, CEO of DMG Blockchain Solutions, said: “DMG is extremely focused on maximizing return for our shareholders by making Christina Lake available as an AI-only data center. At the same time, we are focused on partnerships with Indigenous communities and fostering new relationships. Additionally, we believe there is a long-term opportunity to develop a pan-Canadian approach to delivering sovereign AI, and we will continue to work with the Government of Canada.” Although Bitcoin mining will be transitioning away from Christina Lake, we expect it to remain part of our future as it is a fundamental element of our digital asset financial services strategy. ”
Preliminary operational results for November 2025
DMG will also announce preliminary operating results for November 2025.
- Bitcoin mined: 22 BTC (compared to 23 BTC in October 2025)
- Hashrate: 1.81 EH/s (compared to 1.75 EH/s in October 2025)
- Bitcoin balance: 380 BTC (359 BTC in October 2025)
Due to gradual improvements in Bitcoin mining fleet operations, DMG’s hashrate in November 2025 was 1.81 EH/s compared to 1.75 EH/s in October. At the end of November, DMG held 380 Bitcoin as it restricted liquidations to rebuild its Bitcoin balance.
About DMG Blockchain Solutions Co., Ltd.
DMG is a sustainable, vertically integrated blockchain and data center technology company that develops, manages, and operates comprehensive platform solutions to monetize the blockchain ecosystem. The company’s business is driven by two strategic pillars: Core and Core+, both of which are unified by DMG’s vertical integration and commitment to environmentally responsible practices. Systemic Trust Corporation, a subsidiary of DMG, focuses on the custody of digital assets.
For more information about DMG blockchain solutions, please visit www.dmgblockchain.com.
Follow @dmgblockchain on Twitter and subscribe to DMG’s YouTube channel.
For more information, please contact us below.
On behalf of the Board of Directors,
Sheldon Bennett, CEO and Director
Phone number: +1 (778) 300-5406
Email: investors@dmgblockchain.com
Website: www.dmgblockchain.com
Information for investors:
investor@dmgblockchain.com
Media inquiries:
Colin Doilund
Head of Business Relationships
+1 (604) 338-8543
colin@dmgblockchain.com
Neither TSX Venture Exchange nor its Regulation Services 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 that are based on current expectations. Forward-looking statements contained in this news release include statements regarding our Christina Lake Site AI development strategy and anticipated schedule and outcomes, our plans 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 capable of supporting the latest generation of GPU hardware by the end of 2027, DMG’s strategy and plans, and our development and execution. products and services, the completion of the transaction to purchase a building on leased land in Oregon, the anticipated timeline for closing and the anticipated benefits of the transaction, opportunities and plans to monetize Bitcoin transactions and provide additional products and services to customers and users, continued investments in the Bitcoin network software infrastructure and applications, anticipated allocations of capital, the development and execution of our products and services, product and service launches, events, courses of action, the potential of our technology and operations, and, in particular, all forward-looking information.
Future changes in the Bitcoin network-wide mining difficulty or the Bitcoin hash rate may materially affect DMG’s future performance of Bitcoin production, and future results may also be materially affected by increases in the Bitcoin price and hash rate mining difficulty.
Forward-looking statements consist of statements that are not purely historical, such as statements regarding beliefs, plans, expectations and intentions regarding the future. Such information can generally be identified by the use of forward-looking words such as “may,” “expect,” “estimate,” “anticipate,” “intend,” “believe,” “continue” or the negative thereof, or similar variations. Readers are cautioned that the assumptions used in preparing forward-looking information may prove to be incorrect. As a result of many known and unknown risks, uncertainties and other factors, events or circumstances may cause actual results to differ materially from those anticipated. Many of these factors include, but are not limited to, market and other conditions, changes in the trading price of our common stock, and business, economic and capital market conditions. our ability to control operating expenses, which could adversely affect our financial condition; our ability to remain competitive even as other better-funded competitors develop and release competitive products; Regulatory uncertainty. Access to equipment. market conditions and product demand and prices; Bitcoin demand and price. AI data center and usage demand and pricing. Security threats including loss/theft of DMG Bitcoins. DMG’s relationships with its customers, distributors and business partners; Unable to add more power to DMG facilities. DMG is able to define, design, and release new products that meet customer needs in a timely manner. our ability to attract, retain and motivate talented people; Competition within the industry. The impact of technological change on products and industries. Failure to develop new and innovative products. our ability to adequately maintain and enforce our intellectual property rights and defend against claims of intellectual property infringement by third parties; the impact of intellectual property litigation, which could materially and adversely affect our business; ability to manage working capital; and dependence on key personnel. DMG may not actually achieve its plans, projections or expectations. Such statements and information are based on a number of assumptions regarding our current and future business strategy and the environment in which we will operate in the future, including demand for our products, our ability to successfully develop our software, the absence of regulations or laws that impede our operations, our anticipated costs, our ability to secure sufficient capital to complete our business plans, our ability to achieve our goals, and the price of Bitcoin. Given these risks, uncertainties and assumptions, you should not place undue reliance on these forward-looking statements. DMG’s securities are considered highly speculative due to the nature of DMG’s business. For more information regarding these and other risks and uncertainties, please refer to the Company’s filings at www.sedarplus.ca. Additionally, 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 approvals, continued availability of capital and financing, equipment and/or infrastructure failures, shortages in equipment, power and infrastructure supplies; These include our failure to obtain necessary permits to operate our business, the impact of technological changes on our industry, the impact of viruses or disease on our ability to operate our business, secure our facilities and employ personnel, competition, security threats, including Bitcoin stolen from DMG or its customers, and consumer sentiment. DMG’s products, services, blockchain and AI technology generally, failure to develop new and innovative products, litigation, inclement weather or climate change, increased operating costs, increased equipment and labor costs, equipment failures, declines in the price of Bitcoin, nonperformance of counterparties’ contractual obligations, governmental regulation, loss of key employees and consultants, general economic, market or business conditions; The forward-looking statements contained in this news release are expressly qualified by this cautionary statement. Readers are cautioned not to place undue reliance on 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. Further, we are not obligated to comment on the expectations of third parties or statements made by third parties regarding the matters discussed above.
