DMG Announces Partnership with Malahat Nation

We’re excited to share groundbreaking news! DMG Blockchain Solutions has partnered with the Malahat First Nation’s Economic Development Corporation to develop Canada's first indigenous led-AI data center, setting a new benchmark for Indigenous leadership in technology and sustainable economic growth.Press Release: https://www.globenewswire.com/news-release/2024/10/21/2966245/0/en/DMG-Blockchain-Solutions-Announces-Partnership-with-Malahat-Nation-to-Develop-Canada-s-First-Indigenous-Led-AI-Data-Centers.htmlBelow are key details of this exciting development:

Key Highlights:

• Partnership Formation: DMG and Malahat Nation sign a Memorandum of Understanding (MOU) to build 30 megawatts of AI data centers, with each partner developing 15 megawatts.

• Location:

  • DMG will expand its Christina Lake facility.

  • Malahat Nation will build on their Vancouver Island lands.

• Joint Leadership: The project will be managed under a general partnership led by DMG.

• Regulatory Conditions: Transaction subject to regulatory approvals, board consent, and due diligence completion.

• Exclusive Technology Collaboration: DMG will secure battery and energy management solutions from Malahat Battery Technologies.

• Community Impact: This partnership focuses on sustainable growth, workforce development, and providing meaningful employment opportunities for Indigenous communities.

This collaboration signifies a major step in empowering Indigenous communities and advancing critical AI infrastructure in Canada. We look forward to keeping you updated on further developments.

For media inquiries, please reach out to Chantelle at:📧 [email protected]

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