@June660Peter@Blueworld888@DMG_Investors Who is their competition and how do DMG compare? the LOI is genuine & real so don't think you can say this is a 'pump'. Whether it's Amazon or MSFT is speculation but they're not stating anything as fact here so no issue
Very few people know about $DMGI in the AI infrastructure space, so hereβs a break down of the last week:
$HUT $IREN $WULF $SLNH $RIOT π
- 50MW LOI signed for their Christina Lake Facility. Large company, NDA, company will backstop funding. Have applied for an additional 150MW from their utility for that site.
That site have mirrored substations setup, 75MW each. The company owns the infrastructure, 33 acres, and the building.
They already have 12MW of cooling on site. They also have Nat Gas transmission lines running on the property, 50MW for potential back up. First GPUs active this year.
- The have a utility MOU and a 30MW MOU with the @malahatnation. CEO said updates on that partnership can be expected in the coming quarter.
- Canada just announced their AI strategy. DMG has met with defense procurement already and CEO said the Feds called the company this Monday.
- They own SCIF rated modular data centers rated for defense sector grade AI. 2MW already on site, looking at buying 8MW more. CEO said after they signed their LOI for the 50MW, they have received increased interest for the SCIF units.
- 2nd Canadian site and Oregon site, CEO said updates on those sites could be expected in the coming quarter.
- Also, wholly owned digital asset trust, updates expected.
- The company has expressed numerous times that they will not dilute to pay for buildout, as the deal is backstopped. CEO said financing entities were already contacting the company after the LOI.
- The company trades at UNDER ASSET VALUE. Others have run the numbers for fair market value of their MW deal, comes to $5-$7 for just the 50MW.
- 400 BTC HODL, still mining.
- 206M shares outstanding.