DMG's CEO, Sheldon Bennett, emphasized that this MOU significantly advances the company's entry into the Gen AI sector, potentially shortening deployment time by a year and enhancing credibility to secure off-take agreements. The company aims to leverage the military-grade nature of the infrastructure to attract premium revenue opportunities. DMG is focused on securing off-take agreements and intends to deploy the data center at multiple locations. The company will pay an upfront amount of US$5 million for the data center, with the remaining balance contingent on future revenue from Gen AI computing agreements.
Key takeaways:
- DMG Blockchain Solutions Inc. has signed a memorandum of understanding (MOU) to purchase a 10-megawatt data center infrastructure for Generative Artificial Intelligence (Gen AI) computation facilities.
- The data center will meet Sensitive Compartmented Information Facility (SCIF) specifications, which is generally a military requirement.
- DMG plans to pay US$5 million upfront for the data center, with the balance based on future revenue from Gen AI computing off-take agreements.
- The infrastructure will be deployed at one or more locations and will require additional installations for computing, networking, and storage systems to realize revenue.