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DMG Blockchain Solutions Announces Partnership with Malahat Nation
DMG Blockchain Solutions Announces Partnership with Malahat Nation to Develop Canada's First Indigenous-Led AI Data Centers
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. In addition to this project, and on commercially reasonable terms, DMG will enter into an exclusive agreement to procure battery and energy system management technologies from Malahat Battery Technologies.By developing a combined 30 megawatts of leading-edge AI data centers — one in the Malahat Nation business park and the other at our Christina Lake facility — DMG is not only advancing critical infrastructure but also empowering Indigenous communities to take a leading role in the future of technology. This partnership is about creating lasting economic value, preserving cultural heritage and promoting sustainable growth. DMG is honored to work alongside the Malahat Nation and are deeply committed to fostering long-term growth, workforce development and providing meaningful employment opportunities for Indigenous peoples. DMG is working towards finalizing the Definitive Agreement and completing the Transaction.
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