DMG Blockchain Solutions Inc. Announces Purchase of Two Megawatts of AI Data Center Infrastructure
DMG Blockchain Solutions has signed a purchase agreement for two megawatts of Prefabricated Data Center (PDC) infrastructure with an undisclosed counterparty, advancing their AI data center strategy. This purchase is part of a larger February 2025 MOU for 10 megawatts of PDC infrastructure.
The company plans to deploy these units at either their Christina Lake data center, Malahat Nation lands, or a temporary storage location. While the PDC provides foundational infrastructure, it requires additional components like power distribution, computing, and storage systems for full AI operations.
In operational updates, DMG has reached 2.0 EH/s hashrate with two megawatts of hydro mining capacity energized. They expect to reach 2.1 EH/s after deploying the remaining two megawatts, though potential downclocking may affect final hashrate. Additionally, Alvin Leung has been appointed as acting CEO of Systemic Trust Company, replacing Lawrence Truong.
DMG Blockchain Solutions ha firmato un accordo di acquisto per due megawatt di infrastruttura Prefabricated Data Center (PDC) con una controparte non rivelata, avanzando nella loro strategia per data center dedicati all'intelligenza artificiale. Questo acquisto fa parte di un più ampio protocollo d'intesa previsto per febbraio 2025, che riguarda 10 megawatt di infrastruttura PDC.
L'azienda intende installare queste unità presso il data center Christina Lake, nelle terre della Malahat Nation, oppure in una sede temporanea di stoccaggio. Sebbene il PDC fornisca l'infrastruttura di base, è necessario integrare componenti aggiuntivi come la distribuzione dell'energia, sistemi di calcolo e di archiviazione per un funzionamento completo dell'AI.
Negli aggiornamenti operativi, DMG ha raggiunto un hashrate di 2,0 EH/s con due megawatt di capacità di mining idroelettrico attivati. Si prevede di raggiungere 2,1 EH/s dopo l'installazione degli ulteriori due megawatt, anche se un possibile ridimensionamento della frequenza potrebbe influire sull'hashrate finale. Inoltre, Alvin Leung è stato nominato CEO ad interim di Systemic Trust Company, sostituendo Lawrence Truong.
DMG Blockchain Solutions ha firmado un acuerdo de compra por dos megavatios de infraestructura Prefabricated Data Center (PDC) con una contraparte no revelada, avanzando en su estrategia de centros de datos para IA. Esta compra forma parte de un memorando de entendimiento mayor previsto para febrero de 2025, que contempla 10 megavatios de infraestructura PDC.
La empresa planea desplegar estas unidades en su centro de datos Christina Lake, en tierras de Malahat Nation, o en una ubicación temporal de almacenamiento. Aunque el PDC proporciona la infraestructura base, requiere componentes adicionales como distribución de energía, sistemas de computación y almacenamiento para operaciones completas de IA.
En actualizaciones operativas, DMG ha alcanzado un hashrate de 2,0 EH/s con dos megavatios de capacidad de minería hidroeléctrica activados. Esperan llegar a 2,1 EH/s tras desplegar los dos megavatios restantes, aunque una posible reducción de frecuencia podría afectar el hashrate final. Además, Alvin Leung ha sido nombrado CEO interino de Systemic Trust Company, reemplazando a Lawrence Truong.
DMG 블록체인 솔루션즈가 2메가와트 규모의 조립식 데이터 센터(PDC) 인프라 구매 계약을 비공개 상대방과 체결하며 AI 데이터 센터 전략을 진전시켰습니다. 이번 구매는 2025년 2월에 예정된 10메가와트 규모 PDC 인프라에 관한 양해각서(MOU)의 일부입니다.
회사는 이 장비들을 크리스티나 레이크 데이터 센터, 말라핫 네이션 토지, 또는 임시 저장 장소에 배치할 계획입니다. PDC가 기본 인프라를 제공하지만, 완전한 AI 운영을 위해서는 전력 분배, 컴퓨팅 및 저장 시스템과 같은 추가 구성 요소가 필요합니다.
운영 업데이트에 따르면, DMG는 2메가와트의 수력 채굴 용량 가동으로 2.0 EH/s 해시레이트를 달성했습니다. 남은 2메가와트를 배치하면 2.1 EH/s에 도달할 것으로 예상되나, 다운클로킹 가능성으로 최종 해시레이트에 영향이 있을 수 있습니다. 또한, 앨빈 륭이 로렌스 트루옹을 대신해 Systemic Trust Company의 임시 CEO로 임명되었습니다.
DMG Blockchain Solutions a signé un accord d'achat pour deux mégawatts d'infrastructure de centre de données préfabriqué (PDC) avec une partie non divulguée, faisant avancer sa stratégie de centre de données pour l'IA. Cet achat s'inscrit dans le cadre d'un protocole d'entente plus large prévu pour février 2025 portant sur 10 mégawatts d'infrastructure PDC.
L'entreprise prévoit de déployer ces unités soit dans leur centre de données Christina Lake, sur les terres de la Malahat Nation, ou dans un lieu de stockage temporaire. Bien que le PDC fournisse l'infrastructure de base, des composants supplémentaires tels que la distribution d'énergie, les systèmes informatiques et de stockage sont nécessaires pour un fonctionnement complet de l'IA.
Dans les mises à jour opérationnelles, DMG a atteint un taux de hachage de 2,0 EH/s avec deux mégawatts de capacité de minage hydroélectrique activés. Ils s'attendent à atteindre 2,1 EH/s après le déploiement des deux mégawatts restants, bien qu'un éventuel sous-cadencement puisse affecter le taux de hachage final. De plus, Alvin Leung a été nommé PDG par intérim de Systemic Trust Company, remplaçant Lawrence Truong.
DMG Blockchain Solutions hat einen Kaufvertrag über zwei Megawatt vorgefertigter Rechenzentrumsinfrastruktur (PDC) mit einer nicht genannten Gegenpartei unterzeichnet und treibt damit seine Strategie für KI-Rechenzentren voran. Dieser Kauf ist Teil eines größeren Absichtserklärungsabkommens (MOU) für Februar 2025 über 10 Megawatt PDC-Infrastruktur.
Das Unternehmen plant, diese Einheiten entweder in ihrem Christina Lake Rechenzentrum, auf dem Land der Malahat Nation oder an einem vorübergehenden Lagerort einzusetzen. Während das PDC die grundlegende Infrastruktur bereitstellt, sind zusätzliche Komponenten wie Energieverteilung, Rechen- und Speichersysteme für den vollständigen KI-Betrieb erforderlich.
Im operativen Update hat DMG eine Hashrate von 2,0 EH/s erreicht, nachdem zwei Megawatt Wasserkraft-Mining-Kapazität aktiviert wurden. Nach dem Einsatz der verbleibenden zwei Megawatt wird eine Hashrate von 2,1 EH/s erwartet, wobei ein mögliches Heruntertakten die endgültige Hashrate beeinflussen könnte. Zudem wurde Alvin Leung zum amtierenden CEO der Systemic Trust Company ernannt und ersetzt Lawrence Truong.
- Secured purchase agreement for 2MW of AI data center infrastructure, advancing AI strategy
- Successfully energized 2MW of hydro mining capacity, reaching 2.0 EH/s hashrate
- Infrastructure is modular and can be flexibly deployed across multiple locations
- Maintains exclusivity rights for additional 8MW of PDC infrastructure for 180 days
- Final price and structure of remaining 8MW PDC purchase still undetermined
- Additional significant investments needed for power distribution, battery storage, and computing systems
- Decreased mining profitability due to increasing network difficulty
- May need to downclock T21 fleet due to heat sensitivity, potentially reducing hashrate below 2.1 EH/s
- CEO resignation at subsidiary Systemic Trust Company
VANCOUVER, British Columbia, April 29, 2025 (GLOBE NEWSWIRE) -- DMG Blockchain Solutions Inc. (TSX-V: DMGI) (OTCQB: DMGGF) (FRANKFURT: 6AX) ("DMG" or the "Company"), a vertically integrated blockchain and data center technology company, announces it has signed a purchase and sale agreement (PSA) for two megawatts of Prefabricated Data Center (“PDC”) infrastructure for a confidential consideration with the same undisclosed counterparty (“Counterparty”) with which it has an MOU signed in February 2025 to purchase 10 megawatts of PDC infrastructure.
This asset purchase payment is in lieu of the previously disclosed US
Since the signing of the MOU, DMG has made progress with respect to engaging Canadian government entities and enterprises for off-take agreements. DMG has up to 180 days to demonstrate progress towards reaching off-take agreements to maintain its exclusivity towards closing a definitive agreement to acquire the balance of the available PDC units. DMG will issue an additional news release related to the final structure and terms of the potential transaction, and other material information if and when it becomes available.
DMG intends to deploy the PDC units at one or more locations, as the PDC infrastructure can be partitioned into smaller units due to its modular nature. While the infrastructure forms the basis for an AI data center, it does not include medium-voltage power distribution, battery storage or backup power generation, the configuration and amount of which have yet to be determined. Additionally, the PDC is not facilitated with computing, networking nor storage systems, all of which will need to be installed to realize revenue from potential AI off-take agreements.
DMG’s CEO Sheldon Bennett stated, “This purchase gives us the foundational capacity to begin moving forward on our AI infrastructure strategy and is appropriately sized, as we believe it is likely that Canadian Sovereign and Private AI installations are likely to start modest in size compared to the large US hyperscalers. Owning this infrastructure gives a unique time to market advantage, which is critical as Canadian government and enterprise entities scramble to protect themselves against international geopolitical forces beyond their control. We also believe this purchase is the most capital efficient way for which we can begin to build a critical mass of AI infrastructure, helping us to maximize our return to shareholders.”
DMG Operational Update
In line with prior guidance, DMG has energized approximately two megawatts of additional hydro mining capacity and has reached 2.0 EH/s hashrate. It expects to energize the remaining two megawatt balance of its 6 megawatt hydro mining deployment plan in the coming week and reach 2.1 EH/s. As the increasing network difficulty has resulted in decreased profitability and the Company has observed heat sensitivity for its Bitmain T21 fleet, DMG may choose to downclock at least a portion of its fleet, which may result in a net fleet hashrate modestly below 2.1 EH/s.
Systemic Trust Company Update
DMG announces that Alvin Leung has been appointed as the acting Chief Executive Officer of Systemic Trust Company, a wholly owned subsidiary of DMG, with effect as of April 25, 2025. The Company accepted Lawrence Truong’s resignation as Chief Executive Officer and as a director of System Trust Company.
About DMG Blockchain Solutions Inc.
DMG is a publicly traded and vertically integrated blockchain and data center technology company that manages, operates and develops end-to-end digital solutions to monetize the digital asset and artificial intelligence compute ecosystems. Systemic Trust Company, a wholly owned subsidiary of DMG, is an integral component of DMG’s carbon-neutral Bitcoin ecosystem, which enables financial institutions to move bitcoin in a sustainable and regulatory-compliant manner.
For more information on DMG Blockchain Solutions visit: www.dmgblockchain.com
Follow @dmgblockchain on X and subscribe to DMG's YouTube channel.
For further information, please contact:
On behalf of the Board of Directors,
Sheldon Bennett, CEO & Director
Tel: +1 (778) 300-5406
Email: investors@dmgblockchain.com
Web: www.dmgblockchain.com
For Investor Relations:
investors@dmgblockchain.com
For Media Inquiries:
Chantelle Borrelli
Head of Communications
chantelle@dmgblockchain.com
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Cautionary Note Regarding Forward-Looking Information
This news release contains forward-looking information or statements based on current expectations. Forward-looking statements contained in this news release include the execution of a definitive agreement for the PDC and the timing thereof, the expected benefits and outcomes of the PDC including the potential AI computing off-take agreements, adding computing, networking and storage systems to the PDC infrastructure, all of which will need to be installed to realize revenue from potential AI off-take agreements, energize the remaining two megawatt balance of its 6 megawatt hydro mining, increase hashrate subject to any potential downclocking at least a portion of its fleet, the Company’s strategy for growth, the planned monetization of certain product and service offerings, developing and executing on the Company’s products, services and business plans, the launch of products and services, events, courses of action, and the potential of the Company’s technology and operations, among others, are all forward-looking information.
Future changes in the Bitcoin network-wide mining difficulty or Bitcoin hashrate may materially affect the future performance of DMG’s production of bitcoin, and future operating results could also be materially affected by the price of bitcoin and an increase in hashrate and mining difficulty.
Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as "may", "expect", "estimate", "anticipate", "intend", "believe" and "continue" or the negative thereof or similar variations. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company, including but not limited to, market and other conditions, volatility in the trading price of the common shares of the Company, business, economic and capital market conditions; the ability to manage operating expenses, which may adversely affect the Company's financial condition; the ability to remain competitive as other better financed competitors develop and release competitive products; regulatory uncertainties; access to equipment; market conditions and the demand and pricing for products; the demand and pricing of bitcoin; security threats, including a loss/theft of DMG's bitcoin; DMG's relationships with its customers, distributors and business partners; the inability to add more power to DMG's facilities; DMG's ability to successfully define, design and release new products in a timely manner that meet customers' needs; the ability to attract, retain and motivate qualified personnel; competition in the industry; the impact of technology changes on the products and industry; failure to develop new and innovative products; the ability to successfully maintain and enforce our intellectual property rights and defend third-party claims of infringement of their intellectual property rights; the impact of intellectual property litigation that could materially and adversely affect the business; the ability to manage working capital; and the dependence on key personnel. DMG may not actually achieve its plans, projections, or expectations. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the demand for its products, the ability to successfully develop software, that there will be no regulation or law that will prevent the Company from operating its business, anticipated costs, the ability to secure sufficient capital to complete its business plans, the ability to achieve goals and the price of bitcoin. Given these risks, uncertainties, and assumptions, you should not place undue reliance on these forward-looking statements. The securities of DMG are considered highly speculative due to the nature of DMG's business. For further information concerning these and other risks and uncertainties, refer to the Company’s filings on www.sedarplus.ca. In addition, DMG’s past financial performance may not be a reliable indicator of future performance.
Factors that could cause actual results to differ materially from those in forward-looking statements include, failure to obtain regulatory approval, the continued availability of capital and financing, equipment failures, lack of supply of equipment, power and infrastructure, failure to obtain any permits required to operate the business, the impact of technology changes on the industry, the impact of viruses and diseases on the Company's ability to operate, secure equipment, and hire personnel, competition, security threats including stolen bitcoin from DMG or its customers, consumer sentiment towards DMG's products, services and blockchain technology generally, failure to develop new and innovative products, litigation, adverse weather or climate events, increase in operating costs, increase in equipment and labor costs, equipment failures, decrease in the price of Bitcoin, failure of counterparties to perform their contractual obligations, government regulations, loss of key employees and consultants, and general economic, market or business conditions. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The reader is cautioned not to place undue reliance on any forward-looking information. The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Additionally, the Company undertakes no obligation to comment on the expectations of or statements made by third parties in respect of the matters discussed above.
FAQ
How many megawatts of AI data center infrastructure did DMG Blockchain (DMGGF) purchase in April 2025?
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