DMG Blockchain Solutions Provides Update on its Christina Lake AI Data Center Conversion

VANCOUVER, British Columbia, Sept. 14, 2026 (GLOBE NEWSWIRE) — DMG Blockchain Solutions Inc. (TSX-V: DMGI) (OTCQB US: DMGGF) (FRANKFURT: 6AX) (“DMG”), a vertically integrated data center and digital assets technology company, today provides an update on the conversion of its Christina Lake, British Columbia data center facility to offer artificial intelligence (AI) colocation services. DMG continues to work towards a definitive agreement on its letter of intent for 50 megawatts of critical IT load AI colocation services. DMG is making progress on the execution portion of the project, which is integral to confirming the construction timeline and operational commitment that is part of the definitive agreement. If and when the definitive agreement is executed in connection with the proposed AI colocation services transaction, DMG will issue a more comprehensive news release disclosing further details of the proposed transaction.

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In terms of financing this project , DMG is exploring through discussions with multiple financial institutions, a range of instruments, including rated bonds, lines of credit and equity/convertible debt. Our goal is to optimize for cost of capital, flexibility and speed while minimizing dilution. We will update the market if and when terms are finalized.

DMG’s CEO, Sheldon Bennett, commented, “We are pleased with our continued progress towards our goal of converting our Christina Lake facility to an AI data center to offer colocation services to a long-term tenant. Concurrently, we are laying the track for future sites, as we believe DMG can become a leader in Canada for offering AI data center colocation services, given our experience working with utilities and connecting to large amounts of power as well as our early position to build a major AI data center site.”

There is no assurance that the AI colocation services definitive agreement will be successfully negotiated or executed by the parties. In addition, the conversion of the Christina Lake, British Columbia data center facility to offer artificial intelligence (AI) colocation services is subject to several conditions, including but not limited to, financing, permitting and entering into agreements with counterparties that are necessary to complete the conversion of the Bitcoin data center to an AI colocation data center.