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DMG Blockchain Solutions Announces Receipt of $1.5 Million Energy Efficiency Incentive, January Preliminary Operational Results
Globenewswire· 2026-02-06 06:32
Core Insights - DMG Blockchain Solutions Inc. has been awarded a $1.5 million energy efficiency incentive for deploying hydro direct liquid cooled (DLC) server technology at its Christina Lake data center [1][2] - The energy efficiency study conducted by an independent third party indicated significant energy savings from converting to DLC technology [2] - DMG's CEO highlighted the project's importance for future hydro implementations and the company's goal to transform the Christina Lake facility into a world-class AI data center [3] Operational Performance - In January 2026, DMG's hashrate averaged 1.69 EH/s, a decrease from 1.77 EH/s in December 2025, as the company prioritized profitability over hashrate generation [4][9] - The company held 414 bitcoins at the end of January, having liquidated some mined bitcoins to fund operations, compared to 403 bitcoins in December 2025 [4][9] Strategic Developments - DMG faced delays in acquiring a property in Boardman, Oregon, and has suspended guidance on the timing of the transaction [5] - Steven Eliscu has been appointed as Corporate Secretary, in addition to his role as Chief Operating Officer, succeeding Catherine Cox [6] Company Overview - DMG is a vertically integrated blockchain and data center technology company focused on sustainable practices and monetizing the blockchain ecosystem [7]