DMG Blockchain signs second MOU with Malahat Nation

Executive Summary

• DMG Blockchain Solutions Inc. has signed a second Memorandum of Understanding (MOU) with Malahat Nation's Economic Development Corp. (YOS) to establish the Malahat-DMG Utility Limited Partnership (MDULP).
• The partnership aims to create Canada's first indigenous-led regulated utility to provide electricity and natural gas to support emerging clean technology and digital infrastructure projects on Malahat lands.
• This initiative builds on a prior 2024 MOU to develop 30 megawatts of sovereign AI data centres, with the utility serving as the power source for these data centres and community infrastructure near Mill Bay, B.C.

Key Details

• Partnership Structure: The Malahat-DMG Utility Limited Partnership (MDULP) will be a Malahat majority-owned private and regulated utility.
• Scope of Utility: The utility will provide electricity and natural gas to emerging clean technology and digital infrastructure projects on Malahat Nation lands.
• Infrastructure Development: Malahat and DMG will jointly develop and operate new energy infrastructure, including:
  • Substation upgrades.
  • BC Hydro utility interconnections.
  • Future natural gas distribution rights in partnership with FortisBC.
• AI Data Centre Context: The utility will power the AI data centre facility and all community infrastructure located on Malahat Nation lands near Mill Bay, B.C.
• Prior Agreement Context: This MOU builds on a 2024 MOU outlining the intent to develop 30 megawatts of sovereign AI data centres, evenly split between the two parties to co-develop Canada's first indigenous-led AI data centre campus.
• Definitive Agreements: Both MOUs are expected to result in definitive agreements, which will create the utility in tandem. Further information will be provided upon entry into definitive agreements.
• Strategic Goals: The collaboration aims to enable long-term job creation, training programs, and cultural investments for Malahat members while building indigenous-owned clean energy systems.

Notable Quotes

• Gordon Harry, Chief of Malahat Nation: "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, ensuring that growth on our lands aligns with our environmental values and creates opportunities for our people."
• Sheldon Bennett, CEO of DMG Blockchain Solutions: "We're honoured to work alongside Malahat Nation to design and deploy a Canadian indigenous-led regulated utility. This partnership demonstrates how clean energy generation, digital infrastructure and reconciliation can move forward together."