Refering to announcement March 12, DSM officially became part of DLTx along with
its three investment subsidiaries Afton Blockchain LLC, FilTech SPV LCC and
Midwest Blockchain Inc.
Leveraging its resources in the US and EMEA, DSMs highly skilled technical
personnel and commercially oriented management team have been leaders in the
development of financial and operational models that enable funding and
producing of proof of work blockchain facilities at scale. Through the
acquisition, DLTx will now have additional datacenter operations in Oklahoma and
Kansas City and double it's Filecoin mining output.
"We see huge opportunities in combining the DSM team and DLTx team's
complimentary skill sets and experiences, each filling gaps and augmenting the
other - in the case of DLTx, comprehensive blockchain industry expertise and
network, coupled with the financial markets and investor experience to enable
significant growth through access to capital. Combined with DSM's deep
operational experience in tech deployment and commercial execution at scale.
Finally, by combining the businesses, it creates a single roadmap where the
ability to succeed through direct coordination is exponentially faster and
greater than could be achieved in parallel as two separate entities. We are
really excited by the merger and believe everyone will see huge leaps forward in
the coming months because of the alignment."
Notes Simon Campbell, COO of DSM.
DSM configures, builds and deploys high-compute hardware solutions that support
big picture protocols. DSMs team has global experience in the design and
configuration and operation of Tier 3 datacenter's. Leveraging a private equity
model DSM has scaled Filecoin operations enabling them to become one of the
largest Filecoin operators in the US. DSMs technical team have proven success in
large scale global enterprise and government operations. DSM has a team of 12
technical resources and 4 operational resources who will all join DLTx.
Through the DSM acquisition DLTx has added market-leading Bitcoin technical
expertise that has overseen more than 1.2GW of high compute infrastructure,
globally. This operational experience, combined with DLTx's existing
capabilities and network will enable significant growth in DLTx's already
sizable Bitcoin interests.
The DSM team, as part of DLTx, will continue to build one of the largest
US-based mining and storage infrastructures for Filecoin. Through a scaling of
the model pioneered by DSM, DLTx will deploy hundreds of Petabytes of storage
making the company one of the biggest global providers of storage to the
Filecoin network and one of the largest outside of China.
Additionally, by onboarding DSMs team, DLTx can leverage the significant
commercial opportunities afforded by its scale. This includes maximizing the
protocol rewards for securing large enterprise storage data sets as well as
developing, investing, or licensing software that helps customers leverage the
potential of Filecoin in their organizations.
The combined business provides expanded opportunities for investors to
participate in Special Purpose Vehicles for investment in high-margin protocol
mining and services. With the combined capabilities DLTx will pursue expanded
protocol infrastructure opportunities in distributed communication and
blockchain infrastructure relays.
"The merger of DSM Tech Enterprises with DLTx is a significant strategic event
that immediately doubled the company's revenue stream from the Filecoin network,
supporting the ambitions of the companies together becoming the largest
decentralized storage provider in the world, and now equipped with even greater
man-power, experience and technical knowledge." Says, Thomas Christensen, CEO of
DLTx
For further information, please contact:
Thomas Christensen, CEO, +47 922 55 444
Andreas Arnesen, Investor Relations, +47 952 55 816
About DLTx | www.dltx.com
DLTx is an enterprise infrastructure provider for DAOs and public blockchains.
DLTx partners with best-in-class protocols enabling mining and services at
scale. The management and advisory board have considerable experience within the
blockchain ecosystem. DLTx supports core developers, runs validation nodes, hold
governance tokens and advise companies with the right technology, teams and
market prospects succeed.