DMG Blockchain Solutions Announces Asset Purchase to Establish its First US-based Data Center, October Preliminary Operational Results

Executive Summary

• DMG Blockchain Solutions signed a letter agreement and paid a deposit to acquire a 27,600 sq ft building on 8 acres in Boardman, Oregon, marking its first owned U.S. facility and supporting its long‑term data‑center expansion strategy.
• The company disclosed preliminary October 2025 operational results: Bitcoin mined = 23 BTC; hashrate = 1.75 EH/s (up from 1.65 EH/s in September); Bitcoin balance = 359 BTC (up from 342 BTC).
• Management highlighted the acquisition’s strategic fit with DMG’s AI‑infrastructure and high‑performance computing (HPC) ambitions in both Canada and the United States.

Key Details

• Asset Purchase:
• Building size: 27,600 sq ft; land: 8 acres (option for additional 10 acres).
• Power connection: 3.75 MW existing; ongoing discussions to increase capacity with local utility.

• Closing expected “in the coming weeks” pending definitive agreements.

• Location Advantages:

• Situated in Boardman, Oregon – a hub with at least five operational AWS data‑center facilities and more under construction, offering robust connectivity and power infrastructure.

• Strategic Rationale:

• First owned facility outside Canada; initial limited Bitcoin mining to utilize allocated power, with plans to expand power and upgrade to an HPC data center.

• Anticipated future power density > 1 MW per rack by decade’s end; land is not the primary constraint.

• Operational Results – October 2025 (Preliminary):

• Bitcoin mined: 23 BTC (same as September).
• Hashrate: 1.75 EH/s, up from 1.65 EH/s in September, attributed to cooler temperatures.

• Bitcoin balance: 359 BTC, increased from 342 BTC in September; company continues limiting liquidations to rebuild its BTC holdings.

• Management Commentary:

• Sheldon Bennett (CEO) stated the purchase “marks a major milestone… our first owned facility outside of Canada” and emphasized the need to begin building now to capture larger U.S. opportunities while supporting Canadian sovereign AI‑infrastructure goals.

Notable Quotes

“This intended purchase marks a major milestone in the development of DMG, as it would be our first owned facility outside of Canada… In order to be able to capitalize on that larger opportunity, DMG needs to start building now.” – Sheldon Bennett, CEO & Director

Materiality Assessment: Material – Positive (strategic acquisition and operational growth indicating significant future revenue potential).