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Production / Operations

DMG Blockchain Solutions Announces Receipt of $1.5 Million Energy Efficiency Incentive, January Preliminary Operational Results

By The Northwire Desk — AI Analysis Feb 06, 2026 · 01:32 DMGI · 0.215 DMG Blockchain Solutions Inc.
DMGI · Price

Executive Summary

  • DMG Blockchain Solutions was awarded a $1.5 million energy‑efficiency incentive for deploying hydro direct liquid‑cooled (DLC) server technology at its Christina Lake data centre.
  • January 2026 operational snapshot shows 23 BTC mined, hashrate of 1.69 EH/s (down from 1.77 EH/s in December), and a bitcoin balance of 414 BTC after partial liquidation to fund operations.
  • The company disclosed a delay in the planned acquisition of a building on an 18‑acre site in Boardman, Oregon, and announced the appointment of Steven Eliscu as Corporate Secretary (succeeding Catherine Cox).

Key Details

  • Energy‑efficiency incentive: $1.5 M granted based on third‑party study comparing air‑cooled vs. DLC technology; intended to encourage further hydro‑based cooling upgrades.
  • CEO comment: Sheldon Bennett highlighted that the study’s results exceeded initial savings estimates and positioned the upgrade as a “cornerstone” for future hydro implementations and AI data‑centre development.
  • January 2026 operational metrics:
  • Bitcoin mined: 23 BTC (same as December 2025).
  • Hashrate: 1.69 EH/s, down from 1.77 EH/s in the prior month, reflecting a shift toward profitability over raw hashrate generation.
  • Bitcoin balance at month‑end: 414 BTC (up from 403 BTC), after liquidating a portion of mined BTC to fund operations.
  • Boardman, Oregon data centre site: Due‑diligence issues have delayed the closing of the purchase agreement for an 18‑acre property; no timing guidance provided and completion is not guaranteed.
  • Corporate Secretary appointment: Steven Eliscu now serves as Corporate Secretary in addition to his COO role; Catherine Cox has resigned.

Notable Quotes

“We were pleased when the final results of the energy efficiency study exceeded our initial calculations for savings… We are using this upgrade as the cornerstone for future hydro implementations as well as for other potential novel technology improvements.” – Sheldon Bennett, CEO

Read the original news release →

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