Website: [dmgblockchain.com](https://www.dmgblockchain.com) ### Introduction DMG Blockchain Solutions Inc., founded in 2016, is a vertically integrated blockchain and data center technology company headquartered in Vancouver, British Columbia, Canada. The company was established by Sheldon Bennett, Steven Eliscu, and Dan Reitzik with a focus on Bitcoin mining and blockchain technology solutions. While exact employee counts are not publicly disclosed in the most recent data, DMG operates as a mid-sized enterprise with a growing presence in the cryptocurrency and data center sectors. Its mission centers on leveraging sustainable energy infrastructure to power high-performance computing for Bitcoin mining and, more recently, artificial intelligence (AI) workloads, while maintaining a commitment to carbon-neutral operations. DMG Blockchain Solutions is a publicly traded company listed on the TSX Venture Exchange under the ticker symbol [DMGI](https://www.tsx.com) and on the OTCQB market under [DMGGF](https://www.otcmarkets.com). The company has positioned itself as a leader in sustainable crypto mining, emphasizing renewable energy sources and innovative infrastructure to support both digital currency and emerging AI data center demands. ### Key Products and Technology DMG Blockchain Solutions focuses on Bitcoin mining and data center infrastructure with an emphasis on sustainability and efficiency. Below are the key products and technologies associated with their operations: - **Bitcoin Mining Operations (ASIC Mining Hardware)** - **Type**: Specialized ASIC (Application-Specific Integrated Circuit) miners for Bitcoin. - **Technical Specifications**: While specific hashrate figures for individual machines are not publicly detailed in recent reports, DMG reported a 76% increase in hashrate for fiscal year 2025, contributing to mining 344 BTC during the year as per their latest financials [GlobeNewswire](https://www.globenewswire.com/news-release/2025/12/18/3207613/0/en/DMG-Blockchain-Solutions-Reports-Fourth-Quarter-and-Full-Year-2025-Audited-Results.html). Their infrastructure supports high-performance computing with multi-megawatt capacity. - **Energy Source**: Primarily hydroelectric power in Canada, with plans for solar and other renewable integrations as part of their carbon-neutral strategy. - **Key Differentiators**: Focus on low-cost, renewable energy sources to reduce operational costs and environmental impact; immersion cooling technology to enhance efficiency. - **Development Stage**: Fully operational, with ongoing expansions in Canada and the U.S. - **Target Customers**: Cryptocurrency markets (mining Bitcoin for direct sale or holding) and potential pivot to AI compute clients. - **Data Center Infrastructure for AI and Blockchain** - **Type**: High-performance computing (HPC) data centers. - **Technical Specifications**: Facilities like Christina Lake (currently 50 MW, with plans to expand to 100 MW) and a new Oregon site (potential 100 MW) are designed for both mining and AI workloads [DMG Investors on X](https://x.com/DMG_Investors). - **Energy Source**: Renewable energy, including hydroelectric and potential solar, with a focus on grid stabilization partnerships. - **Key Differentiators**: Transitioning facilities to support AI infrastructure, addressing energy bottlenecks through owned power assets and sustainable design. - **Development Stage**: Operational with expansions underway; Christina Lake facility expected to shift fully to AI by 2027 [SHA256 News on X](https://x.com/SHA256News). - **Target Customers**: Technology firms requiring AI compute power, alongside traditional crypto mining operations. ### Regulatory and Licensing Status As a Bitcoin mining and data center company, DMG Blockchain Solutions does not fall under nuclear regulatory oversight like the Nuclear Regulatory Commission (NRC). Instead, its regulatory obligations relate to environmental compliance, energy usage, and financial reporting as a publicly traded entity in Canada and the U.S. DMG must adhere to regulations set by Canadian securities authorities and the U.S. Securities and Exchange Commission (SEC) for its OTCQB listing. Recent filings indicate no major regulatory hurdles, though the company notes risks related to obtaining permits for expanded operations and infrastructure in its 2025 financial report [GlobeNewswire](https://www.globenewswire.com/news-release/2025/12/18/3207613/0/en/DMG-Blockchain-Solutions-Reports-Fourth-Quarter-and-Full-Year-2025-Audited-Results.html). Key regulatory milestones include maintaining compliance with energy usage standards and securing approvals for data center expansions in British Columbia and Oregon. Upcoming challenges may involve navigating evolving cryptocurrency regulations and energy policies in both Canada and the U.S. There is no specific timeline for "first commercial deployment" as DMG is already operational, but expansion projects (e.g., Oregon site acquisition) are expected to close in the coming weeks as of December 2025 [DMG Investors on X](https://x.com/DMG_Investors). ### Team and Leadership DMG Blockchain Solutions is led by a team with expertise in technology, blockchain, and energy infrastructure. Key executives include: - **Sheldon Bennett (CEO and Director)**: A co-founder with extensive experience in technology and business operations, Bennett has guided DMG’s focus on sustainable mining and AI infrastructure pivots. - **Steven Eliscu (COO)**: Another co-founder, Eliscu oversees operational strategy, including data center management and energy procurement. - **Dan Reitzik (Director)**: A co-founder with a background in technology ventures, Reitzik contributes to strategic direction. Verified X handles for leadership are not publicly confirmed in available data, so they are omitted here. ### Funding and Financial Position DMG Blockchain Solutions, as a public company, does not disclose specific private funding rounds but reports financial performance through regulatory filings. For fiscal year 2025 (ending September 30, 2025), DMG reported revenue of CAD $47.3 million, a 40% increase year-over-year, driven by a 76% hashrate increase. However, the company recorded a net loss of CAD $10.3 million, attributed to rising operating costs and seasonal energy rate increases [StockTitan](https://www.stocktitan.net/news/DMGGF/dmg-blockchain-solutions-reports-fourth-quarter-and-full-year-2025-m3bo41pywc2n.html). Total assets as of year-end 2025 reached CAD $132 million, with Bitcoin holdings at 380 BTC as of November 2025 [Bitget News](https://www.bitget.com/news/detail/12560605117680). Market capitalization and recent stock performance data are not detailed in the latest reports accessed, but DMG trades on TSX-V as [DMGI](https://www.tsx.com) and OTCQB as [DMGGF](https://www.otcmarkets.com). Key institutional investors or specific strategic backers are not publicly highlighted in recent data. The company is revenue-generating at a commercial scale, with plans to diversify income through AI infrastructure services. ### Recent News and Developments | Date | Event | Details | |---------------|--------------------------------------------|---------------------------------------------------------------------------------------------------| | Dec 19, 2025 | Bitcoin Holdings Update | DMG reports holding 380 BTC, with 22 BTC mined in November 2025 [Bitget News](https://www.bitget.com/amp/news/detail/12560605098281). | | Dec 18, 2025 | FY 2025 Financial Results Released | Revenue up 40% to CAD $47.3M, total assets at CAD $132M, net loss of CAD $10.3M [GlobeNewswire](https://www.globenewswire.com/news-release/2025/12/18/3207613/0/en/DMG-Blockchain-Solutions-Reports-Fourth-Quarter-and-Full-Year-2025-Audited-Results.html). | | Dec 18, 2025 | Oregon Site Expansion Update | Potential 100 MW site acquisition in Oregon expected to close soon, boosting AI power portfolio to over 150 MW [DMG Investors on X](https://x.com/DMG_Investors). | | Dec 5, 2025 | AI Strategy and Operational Update | Announced AI strategy pivot and preliminary November results, focusing on data center transitions [GlobeNewswire](https://www.globenewswire.com/news-release/2025/12/04/3200352/0/en/DMG-Blockchain-Solutions-Announces-AI-Strategy-Update-and-November-Preliminary-Operational-Results.html). | | Jun 3, 2025 | May Operational Results | Released preliminary operational results for May, highlighting ongoing mining performance [GlobeNewswire](https://www.globenewswire.com/news-release/2025/06/04/3093280/0/en/DMG-Blockchain-Solutions-Announces-Preliminary-May-Operational-Results.html). | ### Partnerships and Collaborations - **Malahat Nation (Energy and Infrastructure Partnership)**: DMG signed a second Memorandum of Understanding (MOU) with Malahat Nation to create a majority-owned utility for electricity and natural gas supply to clean tech and digital infrastructure projects on Malahat lands in Canada. This partnership enhances DMG’s access to sustainable energy and strengthens community ties [DMG Blockchain News](https://www.dmgblockchain.com/news-releases). - **[[Argo Blockchain]] (Historical Clean Energy Mining Pool)**: In 2021, DMG collaborated with [[Argo Blockchain]] to launch a Bitcoin mining pool powered by clean energy, reflecting their shared commitment to sustainability [Argo on X](https://x.com/ArgoBlockchain). While not a recent development, it underscores DMG’s long-term focus on renewable energy partnerships. ### New Hampshire Relevance DMG Blockchain Solutions’ focus on sustainable energy and high-performance computing could have potential relevance for [[New Hampshire]], particularly in the context of data center growth and grid stability. New Hampshire’s proximity to the ISO-NE grid and existing infrastructure like [[Seabrook Station]] (a nuclear power plant) could align with DMG’s expertise in leveraging low-cost, stable energy sources for compute-intensive operations. Their pivot to AI infrastructure may also address growing data center demand in the Northeast U.S., where energy constraints are a concern. However, DMG’s technology readiness and current operational footprint are centered in Canada and the Pacific Northwest (Oregon), with no specific mention of Northeast U.S. projects or interest in New Hampshire. Their alignment with NH legislative initiatives like HB 710 (focused on SMRs and clean energy) is indirect, as DMG does not engage in nuclear technology but could complement grid decarbonization goals through renewable-powered data centers. Potential applications in NH include powering data centers or supporting industrial compute loads with carbon-neutral infrastructure. There are no known direct connections to New Hampshire at this time. ### Competitive Position DMG Blockchain Solutions operates in a competitive landscape with other Bitcoin mining and data center companies like [[MARA|Marathon Digital Holdings]] ([[MARA]]) and [[[[Riot Platforms]]]]. Compared to Marathon, which has pivoted aggressively to near-zero-cost energy solutions as noted in industry discussions [Fred Thiel on X](https://x.com/fgthiel), DMG’s strength lies in its Canadian hydroelectric power access and dual focus on AI infrastructure. Riot Platforms, with a larger U.S. footprint, benefits from scale, whereas DMG’s smaller size allows flexibility in niche sustainable projects. A unique advantage for DMG is its early adoption of carbon-neutral strategies, though risks include higher operational costs and limited market exposure compared to U.S.-based competitors [DMG Investors on X](https://x.com/DMG_Investors). ### Closing Note DMG Blockchain Solutions is an operational, revenue-generating company with a promising trajectory in sustainable Bitcoin mining and AI infrastructure, poised for growth through strategic expansions. *Report generated December 24, 2025*