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We continue to provide our shareholders with opportunities other crypto players do not see or are unable to execute upon due to our experience and relationships built over several years in the industry. DMG is not only establishing itself as the leader in crypto mining but also in blockchain and AI platform development with our recent acquisition of Blockseer.
Our pipeline is strong and exciting, and few have it. In fact, market weakness has created more opportunities for DMG as power providers are becoming more educated as to whom they want to deal with. We thank our investors and customers for bitcoin shop inc registered shares dlinks of their support to date. To date, DMG has received strong demand for its MaaS offering, as DMG is currently completely sold out of available capacity 4 megawatts allocated to this service.
Major orders have come from leading Japanese clients including Foreside Financial and Bitmasters. An additional 40 megawatts of capacity is expected to be in place mid, and we are now in discussions for additional orders, primarily from Asian clients.
DMG recognized from inception that an experienced management team with deep knowledge of cryptocurrency and blockchain technology is requisite to be successful. Our technology team includes Danny Yang, a Stanford Ph. The team includes developers having worked at Uber, Lyft, Google, and Facebook. DMG does this in three ways: To achieve this, DMG brings unique expertise for: DMG is building an organization focused on operational excellence. DMG aims to achieve this in several ways: To add context, 85 megawatts can power a small city with a population of about 50, residents.
The facility is currently equipped with over 4 megawatts, and we expect an additional 40 megawatts to be readied by mid The remaining infrastructure is expected to be ready by Fallwhich is able to provide 85 megawatts in total. DMG has brought together the worlds of blockchain and artificial intelligence with the acquisition of Silicon Valley-based Blockseer Datient Inc. Blockseer has an expanding team of blockchain, AI, and data scientists based in Silicon Valley and an existing established customer base that includes Bitstamp, Intuit, and Blockchain.
This bitcoin shop inc registered shares dlinks also vaults DMG into a leadership position in Blockchain Forensics, with proprietary analytics to service a variety of clients, including government agencies such as the FBI, Homeland Security, and the IRS as well as legal and accounting firms.
The merging of AI and blockchain technologies have a wide bitcoin shop inc registered shares dlinks of possible applications, including anti-money laundering AMLcryptocurrency trading analytics, anonymized data mining of permissioned blockchains and blockchain solutions where data itself is the asset. Bitcoin and other cryptocurrencies are simply the FIRST successful and widely adopted applications of blockchain technology. Our goal as a company is to use our blockchain expertise in partnership with our clients to develop enterprise platforms tailored to their particular use cases.
This platform will enable predictive analytics based on the extensive data that Element has gathered on their vehicles and bitcoin shop inc registered shares dlinks. In addition to having Element as bitcoin shop inc registered shares dlinks collaborative partner, Element also purchased approximately 9. Mogo Blockchain plans to begin bitcoin mining through an agreement with DMG bitcoin mining hosting mining as a service or MaaS and diversified blockchain platform development.
The expansion into bitcoin mining follows Mogo's announcement of the launch of its MogoCrypto — a new product that will allow Canadians to easily buy and sell bitcoin through their MogoAccount and will bring a new level of convenience and transparency to bitcoin ownership.
The supply chain management platform will enable irrefutable tracking of product from licensed producers to end patients and consumers nationwide. This platform can be customized for other governments and regions based on their requirements.
A Match Made in Heaven? Mining As A Service. John Martin Toll Free: This news release contains forward-looking information based on current expectations. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect.
DMG may not actually achieve its plans, projections, or expectations. Such statements and information are based on numerous assumptions regarding present and future business bitcoin shop inc registered shares dlinks and the environment in which the Company will operate in the future, including the demand for its products, the ability to successfully develop software, that there will be no regulation or law that will prevent the Company from operating its business, anticipated costs, the ability to achieve goals and the price of bitcoin.
Given these risks, uncertainties and assumptions, you should not place undue reliance on these forward-looking statements. There can be no assurance that DMG will add additional megawatts of power to its flagship facility or that it will add additional cryptocurrency miners to its flagship facility. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement.
The reader is cautioned not bitcoin shop inc registered shares dlinks place undue reliance on any forward-looking information. The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Additionally, the Company undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed above. March 21, GlobeNewswire is bitcoin shop inc registered shares dlinks of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.
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