DMG Blockchain Solutions Signs MOU for Purchase of 10-Megawatt SCIF-Specified Data Center
VANCOUVER, BC, Feb. 24, 2025 – DMG Blockchain Solutions Inc. (DMGI, DMGGF, 6AX) (“DMG” or the “Company”), a leading blockchain and data center technology company, is thrilled to announce that it has signed a non-binding memorandum of understanding (MOU) with an undisclosed counterparty to purchase the infrastructure for a prefabricated 10-megawatt air-cooled data center. This data center, known as a Prefabricated Data Center (PDC), is designed to meet Sensitive Compartmented Information Facility (SCIF) specifications, which is generally a military requirement. SCIFs are secure facilities that protect classified information from unauthorized access.
DMG and Counterparty’s Agreement
DMG and the Counterparty have agreed to work towards a definitive agreement within the next 90 days. During this period, DMG will conduct its due diligence as a follow-up to its initial inspection of the PDC at the Counterparty’s site. The Company intends to issue an additional news release with details about the final structure and terms of the potential transaction once it becomes available.
About the Pre-Fabricated Data Center
The 10-megawatt PDC is a significant addition to DMG’s growing portfolio of blockchain and data center solutions. This data center is prefabricated, meaning it is manufactured off-site and then transported and assembled at the final location. Air cooling is an efficient and cost-effective method for cooling large data centers, making this PDC an attractive investment for DMG.
SCIF Requirements and Gen AI
The Sensitive Compartmented Information Facility (SCIF) specifications for this data center are essential for DMG’s planned deployment of Generative Artificial Intelligence (Gen AI) computation facilities. Gen AI is a subset of artificial intelligence that can generate new content, such as images, text, or music, without being explicitly programmed. The secure environment offered by a SCIF will ensure that any data generated by the Gen AI facilities is protected from unauthorized access.
Impact on Individuals
The acquisition of this 10-megawatt SCIF-specified data center by DMG is an exciting development for the blockchain and artificial intelligence industries. This investment demonstrates DMG’s commitment to leading-edge technology and its potential applications. As a result, individuals working in these industries, particularly those involved in data security and artificial intelligence, may benefit from this development as it could lead to new opportunities and advancements in their respective fields.
Impact on the World
The impact of DMG’s investment in a 10-megawatt SCIF-specified data center extends beyond the blockchain and artificial intelligence industries. The secure handling of sensitive information is crucial in various sectors, including finance, healthcare, and government. This data center could potentially provide a secure solution for these industries, enabling them to store and process sensitive data more securely and efficiently.
Conclusion
DMG Blockchain Solutions’ announcement of a potential acquisition of a 10-megawatt SCIF-specified data center represents an important step forward for the blockchain and artificial intelligence industries. This investment in cutting-edge technology could lead to new opportunities and advancements for individuals working in these fields and provide secure solutions for various industries that handle sensitive information. DMG remains committed to pushing the boundaries of technology and innovation, and this acquisition is a testament to that commitment.
- DMG Blockchain Solutions signs MOU for 10-megawatt SCIF-specified data center
- Potential definitive agreement within 90 days
- Data center designed for Generative Artificial Intelligence computation facilities
- Impact on individuals: potential for new opportunities and advancements
- Impact on the world: potential secure solution for sensitive data
