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

About this update from Dmg Blockchain Solutions, Inc.

[{"type":"text","content":"DMG Blockchain Solutions Announces Asset Purchase to Establish its First US-based Data Center, October Preliminary Operational Results\n\n\n\n VANCOUVER, British Columbia, Nov. 04, 2025 (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 signed a letter agreement (the “Letter Agreement”) and paid a deposit to purchase a 27,600 square foot building situated on 8 acres of leased land with an option to lease an additional adjacent lot of 10 acres. The building is currently connected to 3.75 megawatts of power, while DMG is having ongoing expansion discussion with the local utility. Closing of the transaction is subject to the parties executing definitive agreements. DMG expects to close this transaction in the coming weeks.\n \n\n The property is located in Boardman, Oregon, which is the site of at least five large scale fully operational Amazon Web Services (AWS) facilities with a similar number of AWS data center facilities under construction. As such, DMG is situating itself in a data center hub that offers access to ample connectivity and power, as affirmed by the Company’s discussions with the local utility, which supports the Company’s longer-term data center expansion strategy over the next several years.\n \n\n\n Expansion to the US complements strategy to lead development of Canadian sovereign AI infrastructure\n \n\n\n While DMG is focused on building out AI infrastructure in Canada, having just recently announced that it has formed a utility joint venture with the Malahat Nation pursuant to the previously announced MOU to power its future 15-megawatt data center on Vancouver Island, the Company recognizes it has a much larger opportunity to its immediate south. While DMG may initially set up a limited amount of Bitcoin mining at the site subsequent to deal closing so that it can utilize its power allocation as soon as possible, it intends to expand its available power over time while upgrading its infrastructure so that the facility can become one of its major high-performance computing (HPC) data centers.\n \n\n The existing building may be retrofitted to support development of an HPC data center, or new HPC data center facilities may be bui...

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