We sit down with DMG Blockchain Solutions CEO Sheldon Bennett and COO Steve Ellisquew right after Q3 earnings to unpack what the quarter really says about mining economics, power costs, and cash discipline. We also dig into the Christina Lake AI co-location LOI, the realities of timelines and buildouts, and how DMG plans to stay in Bitcoin mining while scaling high-performance compute.
• Q3 revenue, mining margin, and how wholesale power supports results
• Why we believe Bitcoin mining remains a long-term business for DMG
• Network difficulty, hash rate shifts, and opportunity as peers pivot to HPC
• Secondary market ASICs, why older generations fade, and what we actually want to buy
• Why “mullet mining” alongside AI is likely limited in practice
• Christina Lake LOI status, why timelines are hard, and what makes the contract complex
• Permitting and zoning, what is already approved at Christina Lake
• Canada site pipeline and why we keep seeing inbound offers
• Boardman due diligence findings and why we are waiting to close
• Phased approach to 50–60MW, 2027 readiness, and supply chain constraints
• Fiber connectivity, contractor capacity, and SLA-style delivery penalties
• Prefabricated modular data center units and what demand looks like
• How we think about valuation versus NAV, uplisting, and investor expectations
• Financing options, debt structure, and when equity could make sense
Take a second, smash the like button, guys.
Let us know in the comments section below what you thought of DMG's results and if you're currently holding shares!
Anthonys Info:
Website:
https://www.powermininganalysis.com
X:
https://twitter.com/cazenove_uk
Patreon:
https://www.patreon.com/Cazenove_UK
Bryce's Info:
X:
https://twitter.com/McnallieM
Patreon:
https://www.patreon.com/McNallieMoney
Merch:
https://shop.mcnalliemoney.com/
Website:
https://www.mcnalliemoney.com
Business Inquiries:
Email - powermininganalysis@gmail.com
