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.

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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.