DMG Blockchain Solutions Announces Receipt of $1.5 Million Energy Efficiency Incentive, January Preliminary Operational Results
VANCOUVER, British Columbia, Feb. 06, 2026 (GLOBE NEWSWIRE) — DMG Blockchain Solutions Inc. (TSX-V: DMGI) (OTCQB US: DMGGF) (FRANKFURT: 6AX) (“DMG”), a leading vertically integrated blockchain and data center technology company, announces it has been awarded a $1.5 million energy efficiency incentive related to the deployment of hydro direct liquid cooled (DLC) server technology at its Christina Lake data center facility.
This incentive was based on an energy efficiency study performed by an independent third party, which calculated a target energy savings for a given computational capacity using air-cooled technology and the resulting energy savings by converting to DLC. From the estimated savings and the budget to deploy the new cooling technology, an energy efficiency incentive was offered to encourage DMG’s investment in this upgrade.
DMG’s CEO, Sheldon Bennett, commented, “We were pleased when the final results of the energy efficiency study exceeded our initial calculations for savings. This was a major project for our local Christina Lake operations team, and we are using this upgrade as the cornerstone for future hydro implementations as well as for other potential novel technology improvements. We are honored to have been recognized for our operational expertise in utilizing the latest chip cooling technology. In addition to announcing this incentive, DMG remains actively focused on activities to convert its Christina Lake facility into a world-class AI data center.”
January 2026 Preliminary Operational Results
- Bitcoin mined: 23 BTC (vs 23 BTC in December 2025)
- Hashrate: 1.69 EH/s (vs 1.77 EH/s in December 2025)
- Bitcoin balance: 414 BTC (vs 403 BTC in December 2025)
DMG’s hashrate averaged 1.69 EH/s in January, down from 1.77 EH/s in the prior month, as it adjusted its equipment operation to focus on profitability over hashrate generation. At the end of January, DMG held 414 bitcoin, as the Company liquidated a portion of its mined bitcoin to fund operations.
Update on Boardman, Oregon Data Center Site
During due diligence, DMG encountered issues that have delayed the closing of the transaction to purchase a building on an 18-acre property in Boardman, Oregon. As a result, the Company is no longer providing guidance regarding the timing of the transaction close and will issue updates as they become available. There is no guarantee that the Company will complete this acquisition.
Appointment of Corporate Secretary
DMG announces that it has appointed Steven Eliscu as Corporate Secretary, which adds to his current role as Chief Operating Officer, and he succeeds Catherine Cox, who has resigned from the role. The Company thanks Catherine Cox for her service.
About DMG Blockchain Solutions Inc.
DMG is a sustainable, vertically integrated blockchain and data center technology company that develops, manages, and operates comprehensive platform solutions to monetize the blockchain ecosystem. The company’s operations are driven by two strategic pillars: Core and Core+, both unified by DMG’s commitment to vertical integration and environmentally responsible practices. DMG’s subsidiary Systemic Trust Corporation is focused on custody of digital assets.
For more information on DMG Blockchain Solutions, visit: www.dmgblockchain.com
Follow @dmgblockchain on Twitter and subscribe to DMG’s YouTube channel.
For further information, please contact:
On behalf of the Board of Directors,
Sheldon Bennett, CEO & Director
Tel: +1 (778) 300-5406
Email: investors@dmgblockchain.com
Web: www.dmgblockchain.com
For Investor Relations:
investors@dmgblockchain.com
For Media Inquiries:
communications@dmgblockchain.com
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Cautionary Note Regarding Forward-Looking Information
This news release contains forward-looking information or statements based on current expectations. Forward-looking statements contained in this news release include statements regarding the Company’s Christina Lake site AI development strategy and the expected timelines and outcomes, the Company’s plan to convert Christina Lake into a world-class AI data center, considering and using other novel technology improvements at data centers, completing additional hydro implementations in the future, the Company’s expectation to close the property acquisition in Oregon, DMG’s strategies and plans, the Company’s plans and goals for Systemic Trust, developing and executing on the Company’s products and services, the anticipated timeline to close the transaction and the expected benefits of the transaction, the opportunity and plans to monetize bitcoin transactions and provide additional products and services to customers and users, the continued investment in Bitcoin network software infrastructure and applications, the expected allocation of capital, developing and executing on the Company’s products and services, the launch of products and services, events, courses of action, and the potential of the Company’s technology and operations, among others, are all forward-looking information.
Future changes in the Bitcoin network-wide mining difficulty rate or Bitcoin hashrate may materially affect the future performance of DMG’s production of bitcoin, and future operating results could also be materially affected by the price of bitcoin and an increase in hashrate mining difficulty.
Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as “may”, “expect”, “estimate”, “anticipate”, “intend”, “believe” and “continue” or the negative thereof or similar variations. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company, including but not limited to, market and other conditions, volatility in the trading price of the common shares of the Company, business, economic and capital market conditions; the ability to manage operating expenses, which may adversely affect the Company’s financial condition; the ability to remain competitive as other better financed competitors develop and release competitive products; regulatory uncertainties; access to equipment; market conditions and the demand and pricing for products; the demand and pricing of bitcoin; the demand and pricing of AI data centers and usage; security threats, including a loss/theft of DMG’s bitcoin; DMG’s relationships with its customers, distributors and business partners; the inability to add more power to DMG’s facilities; DMG’s ability to successfully define, design and release new products in a timely manner that meet customers’ needs; the ability to attract, retain and motivate qualified personnel; competition in the industry; the impact of technology changes on the products and industry; failure to develop new and innovative products; the ability to successfully maintain and enforce our intellectual property rights and defend third-party claims of infringement of their intellectual property rights; the impact of intellectual property litigation that could materially and adversely affect the business; the ability to manage working capital; and the dependence on key personnel. DMG may not actually achieve its plans, projections, or expectations. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the demand for its products and services, the ability to successfully develop software, that there will be no regulation or law that will prevent the Company from operating its business, anticipated costs, the ability to secure sufficient capital to complete its business plans, the ability to achieve goals and the price of bitcoin. Given these risks, uncertainties, and assumptions, you should not place undue reliance on these forward-looking statements. The securities of DMG are considered highly speculative due to the nature of DMG’s business. For further information concerning these and other risks and uncertainties, refer to the Company’s filings on www.sedarplus.ca. In addition, DMG’s past financial performance may not be a reliable indicator of future performance.
Factors that could cause actual results to differ materially from those in forward-looking statements include failure to obtain regulatory approval, the continued availability of capital and financing, equipment and/or infrastructure failures, lack of supply of equipment, power and infrastructure, failure to obtain any permits required to operate the business, the impact of technology changes on the industry, the impact of viruses and diseases on the Company’s ability to operate, secure equipment, and hire personnel, competition, security threats including stolen bitcoin from DMG or its customers, consumer sentiment towards DMG’s products, services and blockchain and AI technology generally, failure to develop new and innovative products, litigation, lack of demand for the Company’s products and services, adverse weather or climate events, increase in operating costs, increase in equipment and labor costs, equipment failures, decrease in the price of Bitcoin, failure of counterparties to perform their contractual obligations, government regulations, loss of key employees and consultants, and general economic, market or business conditions. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The reader is cautioned not to place undue reliance on any forward-looking information. The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Additionally, the Company undertakes no obligation to comment on the expectations of or statements made by third parties in respect of the matters discussed above.
