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DMG Blockchain’s 85-Megawatt Crypto Mining Facility Now Operational
Nov. 08, 2018 08:40AM PST
Blockchain InvestingDMG Blockchain (TSXV:DMGI) has announced it has energized up to 60 megawatts of its 85 megawatt crypto mine. As quoted in the press release: 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 …
DMG Blockchain (TSXV:DMGI) has announced it has energized up to 60 megawatts of its 85 megawatt crypto mine.
As quoted in the press release:
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.”