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DMG Blockchain Solutions (OTC:DMGGF) signs deal with blockchain-based renewable energy company

Tony Zerucha

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DMG Blockchain Solutions (OTC:DMGGF) this week announced a strategic partnership with Soluna Technologies, a company developing clean, economical renewable energy via a vertically integrated blockchain computing company owning and controlling dedicated renewable energy sources.

The agreement comes as Soluna begins to develop a 37,000-acre wind farm in southern Morocco, which they claim is the largest wind farm in the world. Their energy systems and accompanying computing technology will be self-contained, distributed, scalable, and flexible, allowing it to achieve efficiencies only obtainable with utility-scale operations. The energy resources will be integrated with a suite of computing facilities to power next-generation blockchain breakthroughs.

As part of the agreement, Soluna intends to engage DMG for hardware procurement, data center design, mining setup, remote hardware, and systems monitoring. DMG will also provide all necessary support services and a 5MW innovation lab in British Columbia.

“We are excited about our new strategic partnership with Soluna,” said Dan Reitzik, founder and CEO of DMG. “I’m confident that our proven expertise in managing, operating, and developing end-to-end digital solutions for the blockchain ecosystem will complement Soluna’s unique approach. We look forward to being an integral part of the long-term success of Soluna’s mission.”

“Our partnership with DMG represents an important step forward for Soluna,” Soluna CEO John Belizaire said. “Having the right partners is critical, and DMG is best-in-class. DMG benefits from deep global expertise in building large-scale computing facilities and brings a wealth of blockchain mining and infrastructure knowledge to the project. As we plan the first stage of development for our project in Morocco, we are thrilled to have a seasoned partner to galvanize our efforts to create the world’s first vertically-integrated blockchain computing company.”

 

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Tony Zerucha

Tony Zerucha is an alternative finance journalist with more than seven years experience in the space. The author of more than 1,000 articles, Tony was named LendIt's 2018 Journalist of the Year.

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