Soluna and DMG Blockchain Solutions Inc. to Drive Morocco Wind Farm Project

News Desk 14 September 2018

1 minute read

Blockchain and Crypto News MENA DUBAI UAE

Soluna to leverage DMG’s deep blockchain expertise to deliver sustainable energy resources alongside utility-scale blockchain computing facility

Advancing its mission to power the blockchain economy with low-cost renewable energy, SolunaTechnologies, Ltd. announced a new strategic partnership with DMG Blockchain Solutions Inc.

The agreement comes as Soluna begins to develop a 37,000-acre wind farm in southern Morocco, the largest wind farm in the world. The company’s energy systems and accompanying computing technology will be self-contained, distributed, scalable, and flexible, allowing it to achieve efficiencies only obtainable with utility-scale operations. The energy resources will be integrated with a suite of computing facilities to power next-generation blockchain breakthroughs.

As part of the agreement, Soluna intends to engage DMG for hardware procurement, data center design, mining setup, remote hardware, and systems monitoring. In addition, DMG will provide all necessary support services and a 5MW innovation lab in British Columbia.

“Our partnership with DMG represents an important step forward for Soluna,” said John Belizaire, CEO, Soluna. “Having the right partners is critical, and DMG is best-in-class. DMG benefits from deep global expertise in building large-scale computing facilities and brings a wealth of blockchain mining and infrastructure knowledge to the project. As we plan the first stage of development for our project in Morocco, we are thrilled to have a seasoned partner to galvanize our efforts to create the world’s first vertically-integrated blockchain computing company.”

“We are excited about our new strategic partnership with Soluna,” said Dan Reitzik, Founder and CEO, DMG. “I’m confident that our proven expertise in managing, operating, and developing end-to-end digital solutions for the blockchain ecosystem will complement Soluna’s unique approach. We look forward to being an integral part of the long-term success of Soluna’s mission.”