DMG Blockchain Advances AI Data Center Conversion with 75 Megawatts
DMG Blockchain Solutions (ISIN CA23345B2003) is pushing ahead with its **Christina Lake AI data center conversion**, confirming 75 megawatts of power capacity in a September 14, 2026 update. The project centers on a proposed 50-megawatt AI colocation agreement, with tenant-server energization now expected in 2027. The company has 15 megawatts of firm power and 60 megawatts of non-firm power available, with existing infrastructure supporting the full 75-megawatt load.
DMG is working toward a definitive agreement for the 50-megawatt critical IT load, though the conversion still requires financing, permitting, and counterparty agreements. The current power figure reflects available infrastructure, not yet booked AI revenue. Meanwhile, the company’s legacy mining business faces challenges, with revenue dropping 13% sequentially to CAD 6.40 million in the June 2026 quarter.
The June quarter also saw a net loss of CAD 3.90 million, or CAD 0.02 per share. Bitcoin production fell 10% to 61.90 BTC, while the company reported 1.47 exahash of hashrate and a mining efficiency of 21.90 joules per terahash. The shift to AI operations, originally planned for late 2026, is now set for 2027, extending the focus on mining performance and project financing.
For investors, the key comparison lies between the 75 megawatts of supported power at Christina Lake and the CAD 6.40 million in quarterly revenue. While the AI pivot could diversify the business, operationalizing and monetizing the planned capacity remains critical. As of the June quarter, DMG held CAD 41.60 million in cash and digital currency, with total assets of CAD 102.30 million and a CAD 19.70 million loan balance.