Prefabricated Data Center (PDC) infrastructure

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DMG Blockchain Solutions Inc. Announces Purchase of Two Megawatts of AI Data Center Infrastructure
Globenewswireยท 2025-04-30 03:03
Core Viewpoint - DMG Blockchain Solutions Inc. has signed a purchase and sale agreement for two megawatts of Prefabricated Data Center (PDC) infrastructure, building on a previous memorandum of understanding (MOU) for an additional ten megawatts, aimed at enhancing its AI infrastructure strategy [1][2][3]. Group 1: Purchase Agreement and Infrastructure Plans - The purchase agreement involves a confidential consideration, replacing a previously disclosed upfront payment of US$5 million, with the remaining price linked to future DMG revenue from AI computing agreements [2]. - DMG plans to relocate the two megawatts of PDC units to its Christina Lake data center, Malahat Nation lands, or a temporary storage location in the upcoming months [2]. - The company aims to acquire the remaining PDC infrastructure as per the original MOU terms [2]. Group 2: Engagement and Exclusivity - Since signing the MOU, DMG has engaged with Canadian government entities and enterprises for off-take agreements, with a 180-day window to demonstrate progress to maintain exclusivity for the remaining PDC units [3]. - An additional news release will be issued regarding the final structure and terms of the potential transaction [3]. Group 3: Infrastructure Specifications - The PDC units are modular and can be partitioned into smaller units, but do not include medium-voltage power distribution, battery storage, or backup power generation, which are yet to be determined [4]. - Computing, networking, and storage systems will need to be installed to generate revenue from potential AI off-take agreements [4]. Group 4: Strategic Insights - DMG's CEO highlighted that this purchase provides foundational capacity for the company's AI infrastructure strategy, which is expected to be modest in size compared to larger US hyperscalers [5]. - The acquisition is viewed as a capital-efficient method to build critical mass in AI infrastructure, maximizing returns to shareholders [5]. Group 5: Operational Update - DMG has energized approximately two megawatts of additional hydro mining capacity, achieving a hashrate of 2.0 EH/s, with plans to reach 2.1 EH/s soon [6]. - The company may consider downclocking part of its fleet due to increased network difficulty and heat sensitivity, potentially resulting in a hashrate slightly below 2.1 EH/s [6]. Group 6: Leadership Changes - Alvin Leung has been appointed as the acting CEO of Systemic Trust Company, a wholly owned subsidiary of DMG, following the resignation of Lawrence Truong [7]. Group 7: Company Overview - DMG Blockchain Solutions Inc. is a publicly traded, vertically integrated blockchain and data center technology company focused on monetizing digital assets and AI compute ecosystems [8]. - Systemic Trust Company plays a key role in DMG's carbon-neutral Bitcoin ecosystem, facilitating sustainable and regulatory-compliant bitcoin transactions for financial institutions [8].