07:13 AM EDT, 10/28/2025 (MT Newswires) -- DMG Blockchain Solutions ( DMGGF ) , a vertically integrated blockchain and data center technology company, earlier Tuesday announced the signing of a second memorandum of understanding (MOU) with Malahat Nation's Economic Development Corporation (YOS) stating the intent to create the Malahat-DMG Utility Limited Partnership (MDULP).

It will be a Malahat majority-owned private and regulated utility that will provide electricity and natural gas to emerging clean technology and digital infrastructure projects on Malahat lands.

"This partnership is about more than infrastructure - it's about sovereignty," said Chief of Malahat Nation, Gordon Harry. "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."

A statement noted that this builds on a prior 2024 MOU with YOS outlining the intent to develop a total of 30 megawatts of sovereign artificial intelligence (AI) data centers, evenly split between the two parties to co-develop "Canada's first Indigenous-led AI data centers."

The company said that both MOUs are expected to result in definitive agreements, which, in tandem, would create the utility that, in turn, powers the AI data center facility and all community infrastructure located on Malahat Nation lands near Mill Bay, BC.

The company further stated that the agreement would represent a "first-of-its-kind Indigenous-led regulated utility in British Columbia and a significant milestone in the development of Canada's first Indigenous-led AI data center campus."

Under the MOU, Malahat and DMG will jointly develop and operate new energy infrastructure, including substation upgrades, BC Hydro utility interconnections, and future natural gas distribution rights in partnership with FortisBC, said the company.

"We're honoured to work alongside Malahat Nation to design and deploy a Canadian Indigenous-led regulated utility," said DMG Blockchain Solutions' ( DMGGF ) chief executive officer, Sheldon Bennett. "This partnership demonstrates how clean energy generation, digital infrastructure, and reconciliation can move forward together."