A Canadian company was recently awarded a $1.5 million “energy efficiency incentive” for the deployment of hydro direct liquid cooled server technology at its data centre.
Vancouver’s DMG Blockchain Solutions, a vertically integrated blockchain and data centre technology company, says that its fully owned 65 megawatt data centre facility in Christina Lake is now better than ever.
The $1.5M incentive was based on an energy efficiency study performed by an independent third party, according to a statement from DMG, which calculated a target energy savings for a given computational capacity using air-cooled technology.
Sheldon Bennett, chief executive officer of Delta’s DMG, says that “the final results of the energy efficiency study exceeded our initial calculations for savings.”
Bennett says it was a “major project for our local Christina Lake operations team,” but well worth it for the 27,000-square-foot facility—and the company moving forward.
“We are using this upgrade as the cornerstone for future hydro implementations as well as for other potential novel technology improvements,” the CEO said.
Bennett said that DMG is “honoured to have been recognized for our operational expertise in utilizing the latest chip cooling technology.”
Founded in 2011, DMG trades publicly on the TSX-V under the ticker symbol DMGI, driving revenues through crypto mining, Artificial Intelligence compute, and colocation services.
The company, which mines roughly two dozen bitcoins per month, also announced that it has appointed Steven Eliscu as Corporate Secretary.
Eliscu, who also serves as chief operating officer of DMG, succeeds Catherine Cox, who resigned from the role.
Beyond these announcements, Bennett says “DMG remains actively focused on activities to convert its Christina Lake facility into a world-class AI data centre.”