DMG Blockchain Tries to Fund AI Ambitions with Bitcoin Mining

DMG Blockchain Solutions has been reporting steady progress on its AI data center ambitions despite struggling with declining revenue and bitcoin production.

The company generated $7.3 million in revenue for the second quarter of fiscal 2026, a decrease of 35% from Q1 and 25% lower year-over-year. DMG's shift towards AI data centers is aimed at providing infrastructure and services to Canadian government agencies and enterprises.

However, with only 69 Bitcoin mined in the quarter, it remains to be seen whether this cash flow will be sufficient to fund the company's capital-intensive AI pivot. The use of modular data center hardware and high-end GPUs will require significant investment, which may strain the company's resources.