DMG Blockchain Acquires 2MW AI Data Center Infrastructure in Canada

04/29/2025 – 11:03 PM

VANCOUVER, British Columbia, April 29, 2025 (GLOBE NEWSWIRE) — DMG Blockchain Choices Inc. (TSX-V: DMGI) (OTCQB: DMGGF) (FRANKFURT: 6AX) (“DMG” or the “Agency”), a vertically built-in blockchain and information center know-how agency, declares it has signed a purchase order order and sale settlement (PSA) for two megawatts of Prefabricated Info Coronary heart (“PDC”) infrastructure for a confidential consideration with the an identical undisclosed counterparty (“Counterparty”) with which it has an MOU signed in February 2025 to purchase 10 megawatts of PDC infrastructure.

This asset purchase value is in lieu of the beforehand disclosed US$5M upfront value with the steadiness of the to-be-agreed-upon value primarily based totally on future DMG revenue ensuing from artificial intelligence (AI) computing off-take agreements. The Agency intends to maneuver the two megawatts of purchased PDC objects to each its Christina Lake information center, Malahat Nation lands and/or a short storage location throughout the coming months. DMG intends to build up the remaining obtainable PDC infrastructure beneath the distinctive 10-megawatt MOU phrases.

Given that signing of the MOU, DMG has made progress with respect to partaking Canadian authorities entities and enterprises for off-take agreements. DMG has as a lot as 180 days to point out progress within the route of reaching off-take agreements to maintain up its exclusivity within the route of closing a definitive settlement to build up the steadiness of the obtainable PDC objects. DMG will concern an additional data launch related to the last word building and phrases of the potential transaction, and totally different supplies information if and when it turns into obtainable.

DMG intends to deploy the PDC objects at quite a lot of areas, as a result of the PDC infrastructure can be partitioned into smaller objects ensuing from its modular nature. Whereas the infrastructure varieties the premise for an AI information center, it does not embody medium-voltage power distribution, battery storage or backup power period, the configuration and amount of which have however to be determined. Furthermore, the PDC won’t be facilitated with computing, networking nor storage packages, all of which is ready to should be put in to grasp revenue from potential AI off-take agreements.

DMG’s CEO Sheldon Bennett stated, “This purchase gives us the foundational functionality to start out shifting forward on our AI infrastructure approach and is appropriately sized, as we think about it is potential that Canadian Sovereign and Private AI installations usually tend to start modest in measurement compared with the huge US hyperscalers. Proudly proudly owning this infrastructure gives a novel time to market profit, which is essential as Canadian authorities and enterprise entities scramble to protect themselves in direction of worldwide geopolitical forces previous their administration. We moreover think about this purchase is basically essentially the most capital atmosphere pleasant technique for which we’ll begin to assemble a vital mass of AI infrastructure, serving to us to maximise our return to shareholders.”

DMG Operational Substitute

In response to prior steering, DMG has energized roughly two megawatts of additional hydro mining functionality and has reached 2.0 EH/s hashrate. It expects to energise the remaining two megawatt stability of its 6 megawatt hydro mining deployment plan throughout the coming week and attain 2.1 EH/s. As a result of the rising group drawback has resulted in decreased profitability and the Agency has observed heat sensitivity for its Bitmain T21 fleet, DMG may choose to downclock not lower than a portion of its fleet, which may finish in an internet fleet hashrate modestly beneath 2.1 EH/s.

Systemic Perception Agency Substitute

DMG declares that Alvin Leung has been appointed as a result of the performing Chief Authorities Officer of Systemic Perception Agency, a very owned subsidiary of DMG, with affect as of April 25, 2025. The Agency accepted Lawrence Truong’s resignation as Chief Authorities Officer and as a director of System Perception Agency.

About DMG Blockchain Choices Inc.

DMG is a publicly traded and vertically built-in blockchain and information center know-how agency that manages, operates and develops end-to-end digital choices to monetize the digital asset and artificial intelligence compute ecosystems. Systemic Perception Agency, a very owned subsidiary of DMG, is an integral aspect of DMG’s carbon-neutral Bitcoin ecosystem, which allows financial institutions to maneuver bitcoin in a sustainable and regulatory-compliant technique.

Neither the TSX Enterprise Change nor its Regulation Service Provider (as that point interval is printed throughout the insurance coverage insurance policies of the TSX Enterprise Change) accepts responsibility for the adequacy or accuracy of this data launch.

Cautionary Discover Regarding Forward-Making an attempt Information

This data launch incorporates forward-looking information or statements primarily based totally on current expectations. Forward-looking statements contained on this data launch embody the execution of a definitive settlement for the PDC and the timing thereof, the anticipated benefits and outcomes of the PDC along with the potential AI computing off-take agreements, together with computing, networking and storage packages to the PDC infrastructure, all of which is ready to should be put in to grasp revenue from potential AI off-take agreements, energize the remaining two megawatt stability of its 6 megawatt hydro mining, improve hashrate subject to any potential downclocking not lower than a portion of its fleet, the Agency’s approach for progress, the deliberate monetization of certain product and restore decisions, rising and executing on the Agency’s merchandise, firms and enterprise plans, the launch of providers, events, packages of movement, and the potential of the Agency’s know-how and operations, amongst others, are all forward-looking information.

Future changes throughout the Bitcoin network-wide mining drawback or Bitcoin hashrate may materially affect the long term effectivity of DMG’s manufacturing of bitcoin, and future working outcomes could also be materially affected by the value of bitcoin and an increase in hashrate and mining drawback.

Forward-looking statements embody statements that are not purely historic, along with any statements referring to beliefs, plans, expectations, or intentions referring to the long term. Such information can normally be acknowledged via forwarding-looking wording just like “may”, “anticipate”, “estimate”, “anticipate”, “intend”, “think about” and “proceed” or the hostile thereof or comparable variations. The reader is cautioned that assumptions used throughout the preparation of any forward-looking information may present to be incorrect. Events or circumstances may set off exact outcomes to fluctuate materially from these predicted, on account of fairly a couple of recognized and unknown risks, uncertainties, and totally different parts, lots of which can be previous the administration of the Agency, along with nonetheless not restricted to, market and totally different circumstances, volatility throughout the shopping for and promoting value of the frequent shares of the Agency, enterprise, monetary and capital market circumstances; the ability to deal with working payments, which may adversely affect the Agency’s financial state of affairs; the ability to remain aggressive as totally different increased financed opponents develop and launch aggressive merchandise; regulatory uncertainties; entry to gear; market circumstances and the demand and pricing for merchandise; the demand and pricing of bitcoin; security threats, along with a loss/theft of DMG’s bitcoin; DMG’s relationships with its purchasers, distributors and enterprise companions; the shortage in order so as to add further power to DMG’s facilities; DMG’s functionality to effectively define, design and launch new merchandise in a effectively timed technique that meet purchasers’ desires; the ability to attract, retain and encourage licensed personnel; opponents throughout the commerce; the have an effect on of know-how changes on the merchandise and commerce; failure to develop new and progressive merchandise; the ability to effectively preserve and implement our psychological property rights and defend third-party claims of infringement of their psychological property rights; the have an effect on of psychological property litigation that may materially and adversely affect the enterprise; the ability to deal with working capital; and the dependence on key personnel. DMG may not likely get hold of its plans, projections, or expectations. Such statements and information are primarily based totally on fairly a couple of assumptions referring to present and future enterprise strategies and the setting whereby the Agency will perform eventually, along with the demand for its merchandise, the ability to effectively develop software program program, that there’ll in all probability be no regulation or regulation that may forestall the Agency from working its enterprise, anticipated costs, the ability to secure sufficient capital to complete its enterprise plans, the ability to comprehend targets and the value of bitcoin. Given these risks, uncertainties, and assumptions, you should not place undue reliance on these forward-looking statements. The securities of DMG are considered extraordinarily speculative due to the character of DMG’s enterprise. For additional information relating to these and totally different risks and uncertainties, check with the Agency’s filings on www.sedarplus.ca. In addition to, DMG’s earlier financial effectivity might be not a reliable indicator of future effectivity.

Parts that may set off exact outcomes to fluctuate materially from these in forward-looking statements embody, failure to accumulate regulatory approval, the continued availability of capital and financing, gear failures, lack of present of equipment, power and infrastructure, failure to accumulate any permits required to perform the enterprise, the have an effect on of know-how changes on the commerce, the have an effect on of viruses and diseases on the Agency’s functionality to perform, secure gear, and hire personnel, opponents, security threats along with stolen bitcoin from DMG or its purchasers, shopper sentiment within the route of DMG’s merchandise, firms and blockchain know-how normally, failure to develop new and progressive merchandise, litigation, adversarial local weather or native climate events, improve in working costs, improve in gear and labor costs, gear failures, decrease throughout the value of Bitcoin, failure of counterparties to hold out their contractual obligations, authorities legal guidelines, lack of key employees and consultants, and primary monetary, market or enterprise circumstances. Forward-looking statements contained on this data launch are expressly licensed by this cautionary assertion. The reader is cautioned to not place undue reliance on any forward-looking information. The forward-looking statements contained on this data launch are made as of the date of this data launch. Moreover as required by regulation, the Agency disclaims any intention and assumes no obligation to interchange or revise any forward-looking statements, whether or not or not on account of latest information, future events, or in another case. Furthermore, the Agency undertakes no obligation to the touch upon the expectations of or statements made by third occasions in respect of the problems talked about above.