DMG Blockchain’s B.C. crypto mine now operational
DMG BLOCKCHAIN Solutions Inc. has successfully energized up to 60 megawatts of its 85-megawatt crypto mine.
• DMG Blockchain Solutions has energized its substation in Western Canada, an area with abundant hydroelectric power.
• DMG Blockchain Solutions’ substation will bring reliable, low-cost energy to its operations and third-party-hosted customers through min ing as a service (MaaS).
• DMG Blockchain Solutions’ engineering, construction and commissioning were among 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 and crypto mining facilities.
DMG Blockchain Solutions’ 27,000-square-foot crypto 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,” commented Dave Evdokimoff, chief executive officer of Boundary Electric.
DMG Blockchain Solutions’ 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, commented: “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 Blockchain Solutions 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,” commented Dan Reitzik, chief executive officer 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.”
Simon Padgett has stepped down as a director DMG Blockchain Solutions.
About DMG Blockchain Solutions Inc.
DMG Blockchain Solutions is a diversified blockchain and cryptocurrency company that manages, operates and develops end-to-end solutions to monetize the blockchain ecosystem. DMG Blockchain Solutions, with its research and development engineering team located in Silicon Valley, intends to be the global leader in industrial scale crypto mine hosting — mining as a service, crypto mining, blockchain forensics/analytics and blockchain platform development.
We seek Safe Harbor.
Sheldon Bennett, Simon Padgett, Justin Rasekh, Daniel Reitzik
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