Soluna and DMG Blockchain Solutions Inc. Broadcast Strategic Partnership to Propel Morocco Wind Farm Project
NEW YORK — Moving forward with its mission to power the blockchain economy with low-cost renewable energy, Soluna Technologies, Ltd., announced a new strategic partnership with DMG Blockchain Solutions Inc.
The agreement lands as Soluna starts 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.
John Belizaire, CEO, Soluna, said, “Our partnership with DMG represents an important step forward for 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.”
As part of the agreement, Soluna plans 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.
Dan Reitzik, Founder and CEO, DMG, said, “We are excited about our new strategic partnership with Soluna. 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.”
About Soluna: Soluna was founded in 2018 with the mission to power the blockchain economy with clean, low-cost renewable energy via the world’s first vertically-integrated blockchain computing company that owns and controls dedicated renewable energy resources. Soluna’s approach is to combine a utility-scale, renewable power plant operating on a wind farm in Morocco, with high capacity computing facilities to support and foster next-generation breakthroughs in the blockchain. The company is backed by private equity firm Brookstone Partners.