DMG Blockchain Solutions Stock Drops Amid AI Colocation Shift
DMG Blockchain Solutions' (TSXV: DMG) stock price fell by 1.89% to CAD 0.52 on the TSX Venture Exchange on October 2, 2026. This decline comes as the company shifts its Christina Lake facility towards AI colocation, pushing back the timeline for tenant server energization to 2027. The initial goal was to have the project operational by the end of 2026.
The company has contracted 75 megawatts of total power at Christina Lake, including 60 megawatts of non-firm power and 15 megawatts of firm power, while pursuing a definitive agreement for 50 megawatts of AI colocation load. Financing, permitting, and counterparties remain conditions for the conversion, according to StockTitan's report on September 14, 2026.
DMG's fiscal Q3 2026 revenue fell 45% year over year to CAD 6.4 million, with a net loss of CAD 3.9 million, as reported by The Globe and Mail on August 27, 2026. Mining output weakened, with DMG receiving 61.9 Bitcoin in Q3 2026, down 27% from the year-earlier quarter, while hashrate declined 14% sequentially to 1.47 exahashes per second.