This news release contains forward-looking information based on current expectations.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.Ĭautionary Note Regarding Forward-Looking Information Follow on Twitter and subscribe to DMG's YouTube channel.įuture changes in the Bitcoin network-wide mining difficulty rate or Bitcoin hashrate may materially affect the future performance of DMG’s production of Bitcoin, and future operational results could also be materially affected by the price of Bitcoin and an increase in hashrate mining difficulty. DMG’s sustainable businesses are segmented into three main divisions: data centre operations, data analytics and forensics and developing enterprise blockchains.įor more information, we encourage you to visit the DMG website here to learn more about our company.
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Their typical products include, Crypto Mining Enclosures and Transformer Skids, Electrical Control and Distribution enclosures, Process Enclosures, Operator Cabins, Modified Containers, and Generator sets.ĭMG is an environmentally friendly vertically integrated blockchain and cryptocurrency company that manages, operates, and develops end-to-end digital solutions to monetize the blockchain ecosystem. Black Box offers the design and manufacture of industrial, or people use modular metal buildings and components. “This new partnership is key to our growth strategy as we are looking to add more crypto mining locations - especially with the new uptake in requests for assistance coming out of Asia.”īlack Box Manufacturing Inc is an industrial manufacturing firm specializing in prefabricated metal enclosures located in the Greater Vancouver Regional District, BC. “By direct investment in a local Vancouver manufacturing company, DMG will be able to execute more efficiently on its robust growth plans, confident that it can rely on Black Box to not only manufacture, but also to project manage, design and install,” commented Sheldon Bennett, DMG’s CEO. Once DMG’s engineering and related supply chain order fulfillments are completed, Black Box will also lead DMG’s planned solar panel deployment at its 80 MW Christina Lake facility. Following this order DMG will focus on immersion cooling retrofitting orders, as well as client orders for crypto equipment, most of which are expected to be crypto mining containers. DMG will also be ordering up to 15 forty-foot containers to be manufactured following DMG’s one megawatt air cooled crypto mining container design.
These additional power channels create 10,800 spaces for the newest generation ASIC bitcoin miners. This investment also enables DMG to supply mining infrastructure to other crypto mining operations throughout North America and is consistent with DMG’s vertical integration strategy of monetizing the blockchain ecosystem through maintaining control of its base level manufacturing needs.ĭMG’s initial order is for approximately 450 of its custom power channels. This investment empowers DMG to manufacture almost 100% of its mining infrastructure locally, including its planned conversion to immersion cooling systems at its 80 MW Christina Lake data centre. Components are manufactured in the Greater Vancouver area primarily for the North America market.
Combining DMG’s lengthy experience in crypto mining with Black Box’s custom electrical and mechanical engineering abilities, the combination offers infrastructure building and end-to-end services for various crypto mining operations.
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This enables DMG access to faster manufacturing lead times, fixed pricing on projects in addition to free engineering expertise and design. (TSX-V: DMGI) (OTCQB: DMGGF) (FSE: 6AX) (“DMG” or the “Company”), a vertically integrated blockchain and cryptocurrency technology company, announces an investment in Black Box Manufacturing Inc (Black Box), a Vancouver, BC-based manufacturing company that specializes in the design and manufacture of electrical and mechanical enclosures for multiple industries including crypto mining.ĭMG has made a $30K passive investment for a 15% equity position, with future rights to increase or exit. VANCOUVER, British Columbia, J(GLOBE NEWSWIRE) - DMG Blockchain Solutions Inc.
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