Publicly listed cryptocurrency mining company DMG Blockchain has acquired a 10-megawatt data center and has paid a $5 million deposit

ChainCatcher news, according to GlobalNewswire, the publicly listed crypto mining company DMG Blockchain announced that it has signed a memorandum of understanding (MOU) with an undisclosed counterparty to acquire a 10-megawatt data center to support its deployment of the Gen AI strategy. The final agreement is expected to be completed within the next 90 days. Currently, DMG Blockchain has paid a $5 million deposit, and subsequent payments will be made according to the Gen AI computing power purchase agreement.