09:59 AM EST, 11/04/2025 (MT Newswires) -- DMG Blockchain Solutions ( DMGGF ) , a vertically integrated blockchain and data center technology company, has early Tuesday lost the 3.2% it rose yesterday (amid large broad market losses) as it announced an asset purchase to establish its first U.S.-based data center, while it also provided preliminary operational results for the month of October.

On its purchase, the company said it signed a letter agreement and paid a deposit on 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.

A statement noted that the building is currently connected to 3.75 megawatts of power, while DMG is having ongoing expansion discussion with the local utility.

"The existing building may be retrofitted to support development of an HPC data center, or new HPC data center facilities may be built on the 18-acre site," said the company.

The company said that 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 power density for the silicon to run the most advanced HPC applications is expected to exceed 1 megawatt per rack by the end of the decade, DMG expects that power availability, not land, will be its primary constraint to expand for the foreseeable future," added the company.

Closing of the transaction is subject to the parties executing definitive agreements and the company expects to close the transaction in the coming weeks.

"This intended purchase marks a major milestone in the development of DMG, as it would be our first owned facility outside of Canada," said DMG Blockchain Solutions' ( DMGGF ) Chief Executive Officer, Sheldon Bennett. "Our focus in Canada is initially to serve the Canadian government's goal to build AI data centers that keep the models and data within Canadian sovereign borders. In parallel, DMG intends to service the enterprise data center market, initially in Canada but over time to service the larger opportunity in the US. In order to be able to capitalize on that larger opportunity, DMG needs to start building now."

On its preliminary operational results for October 2025, DMG said it mined 23 bitcoin in October, unchanged from the month before. The company said that at the end of October it had a bitcoin balance of 359 BTC, compared to 342 BTC in September. It also said that in October its hashrate was 1.75 EH/s, compared to 1.65 EH/s in September, "as the company benefited from seasonally cooler temperatures."

Price: 0.45, Change: -0.03, Percent Change: -6.25