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An update from DMG Blockchain Solutions ( (TSE:DMGI) ) is now available.
DMG Blockchain Solutions Inc. has signed a memorandum of understanding to acquire a 10-megawatt data center infrastructure designed to meet military-grade specifications for its Generative Artificial Intelligence computation facilities. This move is expected to expedite DMG’s entry into the AI sector, enhance its credibility, and enable it to secure off-take agreements, particularly with entities requiring high-security standards, thereby maximizing shareholder returns.
More about DMG Blockchain Solutions
DMG Blockchain Solutions Inc. is a publicly traded, vertically integrated blockchain and data center technology company. It manages, operates, and develops end-to-end digital solutions to monetize digital asset and artificial intelligence compute ecosystems. A notable component of its operations is the Systemic Trust Company, a subsidiary that supports DMG’s carbon-neutral Bitcoin ecosystem, facilitating sustainable and regulatory-compliant Bitcoin transactions.
YTD Price Performance: -12.80%
Average Trading Volume: 247,320
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $44.07M
See more insights into DMGI stock on TipRanks’ Stock Analysis page.