DMG Blockchain Solutions Announces AI Strategy Update and November Preliminary Operational Results

Core Insights - DMG Blockchain Solutions Inc. is transitioning its Christina Lake data center from Bitcoin mining to a dedicated AI data center, aiming to build a 50-megawatt liquid-cooled facility to support advanced GPU hardware [1] - The company is focusing on partnerships to maximize the monetization of its Christina Lake asset, given the limited availability of renewable energy sites in Canada [1] - DMG has withdrawn its previous Bitcoin mining hashrate target of 3 EH/s, redirecting efforts towards the AI conversion of its facilities [3] Financial and Operational Updates - In November 2025, DMG's Bitcoin mining hashrate increased to 1.81 EH/s from 1.75 EH/s in October, with the company holding 380 Bitcoin at the end of November, up from 359 Bitcoin in October [5][8] - The company mined 22 Bitcoin in November, slightly down from 23 Bitcoin in October [8] Strategic Partnerships and Community Engagement - DMG is committed to forming partnerships with Indigenous communities and is working with the Canadian government to develop a pan-Canadian approach for sovereign AI [4] - The CEO emphasized the importance of maximizing shareholder returns through the dedicated AI data center while maintaining a foundational role for Bitcoin mining in the company's overall strategy [4] Asset Acquisition - DMG is in the process of closing a transaction for a 27,600 square foot building on 8 acres of leased land in Boardman, Oregon, with an option for an additional 10 acres [2]