DMG Blockchain signs deal to acquire building in Oregon

Executive Summary

• DMG Blockchain Solutions has signed a letter agreement and paid a deposit to purchase a 27,600-square-foot building in Boardman, Oregon, marking its first US-based data center acquisition.
• The company announced preliminary operational results for October 2025, reporting a hash rate increase to 1.75 EH/s and a Bitcoin balance of 359 BTC.
• The US expansion is part of a broader strategy to develop high-performance computing (HPC) infrastructure, complementing its existing AI infrastructure development in Canada.

Key Details

• Asset Purchase Details:
  • Location: Boardman, Oregon (a hub for AWS facilities).
  • Property: 27,600-square-foot building on eight acres of leased land.
  • Expansion Option: Option to lease an additional adjacent lot of 10 acres.
  • Current Power: Connected to 3.75 megawatts of power.
  • Future Power: DMG is in discussions with the local utility for continuing expansion; power availability is expected to be the primary constraint for future HPC expansion.
  • Transaction Status: Letter agreement signed, deposit paid; closing subject to definitive agreements and expected in the coming weeks.
  • Strategic Use: Initial limited Bitcoin mining post-closing, with plans to upgrade infrastructure for High-Performance Computing (HPC) data center operations. The building may be retrofitted or new facilities built on the 18-acre site.
• October 2025 Operational Results:
  • Bitcoin Mined: 23 BTC (unchanged from September 2025).
  • Hash Rate: 1.75 exahashes per second (EH/s), up from 1.65 EH/s in September 2025 (attributed to cooler temperatures).
  • Bitcoin Balance: 359 BTC, up from 342 BTC in September 2025 (company limiting liquidations to rebuild balance).
• Strategic Context:
  • Complements DMG's Canadian sovereign AI infrastructure strategy, including a utility joint venture with the Malahat Nation for a 15-megawatt data center on Vancouver Island.
  • CEO Sheldon Bennett stated the purchase is a "major milestone" for establishing a presence in the larger US enterprise data center market.

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. Our focus in Canada is initially to serve the Canadian government's goal to build AI data centres that keep the models and data within Canadian sovereign borders. In parallel, DMG intends to service the enterprise data centre market, initially in Canada but over time to service the larger opportunity in the U.S. In order to be able to capitalize on that larger opportunity, DMG needs to start building now." — Sheldon Bennett, CEO