DMG Blockchain Solutions Inc., a leader in blockchain and data center technology, has signed a Memorandum of Understanding (MOU) with Malahat First Nation’s Economic Development Corporation to co-develop 30 megawatts of AI data centers, with each party contributing equally. This initiative will harness clean energy in British Columbia, aligning with the province’s sustainability goals and promoting Indigenous-led development.
Key Points of the Collaboration
- AI Data Center Development
- DMG will develop 15 megawatts of AI infrastructure at its Christina Lake facility, while Malahat First Nation will expand its infrastructure on Vancouver Island.
- The centers will be powered by clean energy, supporting British Columbia’s low-carbon future and emphasizing Indigenous-owned technology projects.
- Partnership and Management
- A general partnership led by DMG will oversee the project, ensuring the operation and management of both data centers.
- DMG is responsible for securing power from BC Hydro and managing future expansions.
- Conditions for Completion
The Transaction will proceed upon:- Regulatory approvals.
- Completion of due diligence.
- Board approval and the signing of a Definitive Agreement.
- Battery and Energy Management Systems
- DMG will procure battery technologies from Malahat Battery Technologies, a joint venture between the Malahat Nation and Energy Plug Technologies Corp.
- The data centers will need 7.5 to 15 megawatt-hours of battery systems to support operations.
- Indigenous-led Development
- The Malahat Nation will hold a controlling stake in the joint venture.
- A commitment to employ at least 10% Indigenous workers at the Malahat facility, focusing on youth apprenticeships.
Economic and Cultural Impact
- This collaboration will foster economic growth, provide jobs, and advance workforce development in the Malahat community. DMG will also support cultural programs and adhere to cultural heritage regulations.
CEO Statement
DMG CEO, Sheldon Bennett, emphasized the importance of this partnership, which advances infrastructure while empowering Indigenous communities to take a leadership role in the technology sector. The project aims to create lasting economic value, preserve cultural heritage, and promote sustainable growth.
This partnership between DMG and Malahat Nation represents a forward-thinking collaboration that will benefit local communities, promote clean energy, and drive technological advancement.
