The Facility – One of North America’s Largest – Runs on Clean Hydroelectric Power
DMG today energized its substation in Western Canada, an area with abundant hydroelectric power
DMG’s substation will bring reliable, low cost energy to its operations and its third party hosted customers through Mining as a Service (Maas)
DMG’s engineering, construction and commissioning was one of the lowest cost and fastest builds executed in the power industry
The flagship facility will start with 60 megawatts, expandable to 85 megawatts, making it one of North America’s largest Bitcoin & Crypto Mining Facilities
VANCOUVER, British Columbia, November 8, 2018 — DMG Blockchain Solutions Inc.(TSX-V: DMGI) (DMGGF:OTC US) (FRANKFURT:6AX) (“DMG”or the“Company”), a diversified blockchain and cryptocurrency company, announced that it has successfully energized up to 60 megawatts of its 85 megawatt crypto mine.
DMG’s 27,000 square foot crypto mining-as-a-service (MaaS) operation sits on 34 acres in British Columbia, Canada and is one of the largest such operations in North America. The facility is currently using clean hydroelectric power, and will not have any impact on the power needs of the local community.
“In Boundary Electric’s 71 years of business, we have never seen a demand in the electrical manufacturing industry quite like what is being generated from the crypto space. The opportunity to collaborate with DMG on projects has brought to the forefront their commitment to creative solutions facing their industry. DMG’s approach to the design process highlights a partnership strategy focusing on cost effective solutions without compromising quality,” said Dave Evdokimoff, CEO of Boundary Electric.
DMG’s green-powered crypto mine took nearly a year to complete and included building its own road, installing its own power substation, and creating many jobs.
Jason Wolfe, Director of Energy Solutions at FortisBC added, “FortisBC is excited to be working with DMG on this project. Not only is DMG one of the largest electric customers we have ever connected, but it’s an emerging industry that’s providing new opportunity for rural communities.”
The power that DMG is bringing to its new facility is enough to power a city of 50,000 homes, but is independent from the local community grid.
“DMG now proudly owns one of the largest, most cost-efficient, bitcoin mining facilities in North America–and we’re doing it in a responsible way with the local community,” said Dan Reitzik, CEO of DMG Blockchain Solutions. “It was an audacious undertaking, but DMG’s executive team has been in the mining space for years, and we have the know-how and connections with the utilities and government agencies to pull it off.”
DMG Blockchain also announces that Simon Padgett has stepped down as a Director of the Company.
About DMG Blockchain Solutions Inc.
DMG Blockchain Solutions Inc. is a diversified blockchain and cryptocurrency company that manages, operates and develops end-to-end solutions to monetize the blockchain ecosystem. DMG, with its Blockseer division located in Silicon Valley, intends to be the global leader in industrial scale crypto mine hosting – Mining as a Service (MaaS), crypto mining, blockchain forensics/analytics, and blockchain platform development.
For more information on DMG Blockchain Solutions visit: www.dmgblockchain.com
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