Cryptominer DMG Blockchain is set to secure an AI customer at a facility in Canada.

The company this week announced it has signed a letter of intent to offer 50MW critical IT load of artificial intelligence data center colocation services to a single tenant at its Christina Lake facility in British Columbia.

The deal would see the tenant leasing capacity for 12 years, with three five-year renewal options. Capacity could be delivered from December 2026.

The unnamed customer will provide DMG with an investment-grade backstop for review.

DMG noted the pair is working towards a definitive agreement, but there is no guarantee a deal will be finalized.

In the meantime, DMG will continue to operate the site as a Bitcoin mine. Once a definitive deal is signed, the company will begin work to pivot the site towards AI and HPC hosting.

DMG (formerly Digital Mint Group) was founded in 2016 and describes itself as a vertically integrated blockchain and data center technology company. Located in Grand Forks, the Christina Lake site launched in 2019.

The 27,000 sq ft (2,510 sqm) Christina Lake site totals 75MW, comprising 15MW of firm power and 60MW of non-firm, or curtailable, power.

Last year, the company said it was procuring 10MW of modular prefabricated data center infrastructure as part of a broader pivot from Bitcoin mining toward generative AI, amid a wider trend of crypto operators seeking to monetize power access through AI and HPC deployments. The first 2MW of prefabbed units arrived in April.

DMG posted its Q2 2026 earnings results last week. The company had a revenue of $7.3 million, compared to $12.6 million in Q2 2025. The company said the decrease was due to a decrease in digital currency mining revenue, driven by a decrease in both the amount of Bitcoin mined and the average price of Bitcoin. Net loss for Q2 2026 was $3.5 million compared to a net loss of $3.3 million for Q2 2025.