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DMG Blockchain Solutions Announces 75 MW Utility Approval Expanding Christina Lake Data Center Power, February Preliminary Operational Results
VANCOUVER, British Columbia, March 05, 2026 (GLOBE NEWSWIRE) -- DMG Blockchain Solutions Inc. (TS...
About this update from Dmg Blockchain Solutions, Inc.
[{"type":"text","content":"DMG Blockchain Solutions Announces 75 MW Utility Approval Expanding Christina Lake Data Center Power, February Preliminary Operational Results\nVANCOUVER, British Columbia, March 05, 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 received verbal approval by its utility for an additional 10 megawatts of non-firm power. This raises DMG’s total available power capacity to 75 megawatts based on a combination of 15 megawatts of firm power and 60 megawatts of non-firm (curtailable) power. While the Company has previously submitted an application for 150 megawatts of firm power, it now plans to submit a new application for additional non-firm power, which, if approved, may be more readily available at a lower capital cost. DMG’s use of non-firm power has been an unqualified success to date. It has not only helped to modestly reduce its energy costs but has also resulted in only three days of curtailment, which occurred in February 2025. DMG has the option to utilize financial hedging contracts that could effectively eliminate financial curtailment events, albeit at a higher average energy rate than utilizing unhedged energy. While this hedged rate would typically not be financially attractive for Bitcoin mining, it would be appropriate for an AI data center. The Company is also exploring with its utility the ability to utilize the natural gas transmission line located on its Christina Lake property for back-up power generation and potentially primary generation in the future, combined with the possibility of utilizing renewable natural gas (RNG) that provides off-takers the option of a fully carbon neutral operation. DMG’s CEO, Sheldon Bennett, commented, “Even as we are focused on finding the right AI off-takers for our Christina Lake data center, in parallel, we are seeking options that will position the property to be more valuable, especially if we can provide power expansion opportunities that go well beyond 50 megawatts of critical IT load. Energy availability is most important, but we are also working to ensure that our Christina Lake data center offers world-class connectivity and that we are building a broad supply chain ...