DMG Announces Partnership with Malahat Nation
DMG Blockchain Solutions announces the signing of a Memorandum of Understanding with Malahat First Nation’s Economic Development Corporation to develop a total of 30 megawatts of artificial intelligence data centers, evenly split between the two parties.
DMG plans to develop its portion of the AI infrastructure at its Christina Lake facility, while Malahat will focus on expanding their infrastructure on their lands on Vancouver Island. The project will be managed through a general partnership led by DMG.
The transaction is conditional upon, among other things; regulatory approvals, board consent, and completion of due diligence.