DMG Blockchain Solutions recently announced the financial performance of its fiscal third quarter.
Revenue for the B.C.-based data centre and digital asset technology company was north of $6 million, a figure which was down 13% from the prior quarter, and down 45% year-over-year from more than $11M in Q3 2025.
The amount of Bitcoin that DMG mined was also down—10% versus the prior quarter and 27% versus the same quarter of 2025.
The decrease in revenue is attributable to a decrease in mining revenue, which was the result a decrease in the average price of digital currency, according to a statement.
Consequently, DMG fell short of profitability, losing nearly $4 million during the quarter, compared with a net loss of less than half a million dollars in Q3 2025. Total assets shrunk to $102M.
Chief executive officer Sheldon Bennett says that focus of the quarter was “realizing our vision to transition our flagship Christina Lake facility to operate as an AI data centre.”
In June, DMG reported its first customer for AI compute.
“We are actively working towards a definitive agreement,” Bennett said.
“In parallel,” he added, “we are moving forward with key project execution steps, including selecting our contractors and engineering design partners, strengthening our vendor relationships, applying for the necessary permits, exploring multiple financing options, and addressing concerns from the local community.”
“We remain committed to project success and enabling our off-take client to begin operating its servers in a timely manner,” Bennett stated.
The Canadian company launched in 2019 to mine Bitcoin through its 27,000-square-foot facility in Christina Lake.
This year, DMG was awarded a $1.5 million “energy efficiency incentive” for its deployment of hydro direct liquid cooled server technology at the company’s 65 megawatt data centre facility.
The company also invested in two regional upstarts: Vancouver fintech MeetAmi and Kelowna AI innovator Atomic47 Labs.
DMG Blockchain Solutions trades on the TSX Venture Exchange as DMGI.
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Revenue Down at DMG as Bitcoin Miner Advances Transition to AI Facility was first posted on August 28, 2026 at 12:00 pm.
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