DMG Blockchain Solutions Announces Additional Partnership with Malahat Nation to Establish Indigenous-Led Regulated Utility for Clean Energy and AI Infrastructure

Executive Summary

• DMG Blockchain Solutions signed a second Memorandum of Understanding with Malahat Nation’s Economic Development Corporation to create the Malahat‑DMG Utility Limited Partnership, a majority‑Indigenous regulated utility that will supply electricity and natural gas to AI data centers and community infrastructure on Malahat lands.
• The partnership builds on a 2024 MOU and aims to develop up to 30 MW of Indigenous‑led AI data center capacity, including substation upgrades, BC Hydro interconnections, and future natural‑gas distribution with FortisBC.
• DMG also granted employees and directors 188,170 stock options at $0.53 per share (five‑year term, vesting in 25 % quarterly over two years) and 1,250,000 RSUs (one‑year vesting).

Key Details

• MOU Scope: Creation of the Malahat‑DMG Utility Limited Partnership (MDULP), a private regulated utility majority‑owned by Malahat Nation.
• Project Capacity: Up to 30 MW of AI data center power, split evenly between DMG and Malahat Nation.
• Infrastructure Plans: Joint development of substation upgrades, BC Hydro interconnections, and future natural‑gas distribution rights in partnership with FortisBC.
• Regulatory Significance: First Indigenous‑led regulated utility in British Columbia; intended to support clean‑energy generation, AI computing, and industrial development on Malahat lands near Mill Bay, BC.
• Future Steps: MOUs are expected to lead to definitive agreements that will formalize the utility and power the AI data center campus.
• Equity Compensation – Stock Options: 188,170 options; exercise price $0.53 per share; five‑year term; vesting in four equal installments on the six‑, twelve‑, eighteen‑ and twenty‑four‑month anniversaries of the grant date.
• Equity Compensation – RSUs: 1,250,000 restricted stock units; one‑year vesting schedule.
• Strategic Rationale (CEO Quote): Sheldon Bennett emphasized the partnership as a demonstration that clean energy generation, digital infrastructure, and reconciliation can advance together.
• Indigenous Leadership Quote: Gordon Harry highlighted the utility’s role in Indigenous energy sovereignty and alignment with environmental values.

Notable Quotes

“This partnership is about more than infrastructure — it’s about sovereignty. By developing our own regulated utility, Malahat Nation is taking control of its energy future…” – Gordon Harry, Chief of Malahat Nation

“We’re honoured to work alongside Malahat Nation to design and deploy a Canadian Indigenous‑led regulated utility.” – Sheldon Bennett, CEO & Director, DMG Blockchain Solutions