- DMG Blockchain Solutions (DMGGF, Financial) has purchased two megawatts of Prefabricated Data Center infrastructure advancing its AI strategy.
- The company achieved a 2.0 EH/s hashrate by energizing two megawatts of hydro mining capacity, with expectations to reach 2.1 EH/s.
- Plans to deploy new infrastructure at Christina Lake data center, Malahat Nation lands, or a temporary storage location.
DMG Blockchain Solutions Inc. (DMGGF), a vertically integrated blockchain and data center company, has announced a significant purchase agreement for two megawatts of Prefabricated Data Center (PDC) infrastructure. This purchase is a part of a broader February 2025 Memorandum of Understanding (MOU) that outlines the acquisition of 10 megawatts of PDC infrastructure. The details of the counterparty remain undisclosed.
The PDC units are set to significantly enhance DMG's AI data center capabilities. The company plans to deploy these units at either its Christina Lake data center, Malahat Nation lands, or in a temporary storage location. However, additional components such as medium-voltage power distribution, battery storage, backup power generation, computing, networking, and storage systems are necessary to fully operationalize these AI facilities.
Currently, DMG has achieved a hashrate of 2.0 EH/s after energizing approximately two megawatts of additional hydro mining capacity. The company expects to reach 2.1 EH/s as it completes its 6 megawatt deployment plan. However, potential downclocking due to heat sensitivity in the Bitmain T21 fleet may affect the final hashrate.
In governance updates, Alvin Leung has been appointed as the acting CEO of Systemic Trust Company, a subsidiary of DMG, succeeding Lawrence Truong.
DMG has 180 days to secure off-take agreements to maintain exclusivity for purchasing the remaining PDC units under the original MOU terms. This strategic move is expected to position DMG favorably in the AI infrastructure market, potentially yielding significant returns for shareholders.
