DLT ASA today announces that is has entered into a letter of intent to acquire US-based DSM Tech Enterprises LLC, a pioneer in Bitcoin mining and large scale Filecoin operations

“We’re excited to announce the plan for DSM to join forces with DLTx. With this acquisition we will move forward as one company, further enhancing our position as a leading technology and operations company in the blockchain industry. By bringing the management and expertise of DSM in house, we enhance our ability to deliver Web 3.0 solutions and to deploy blockchain infrastructure at scale,” says David A. Johnston, COO of DLTx.

The DSM team have strong commercial track record of scaling technology businesses and have been in the Bitcoin space since 2011 as long-term operators. Their extensive knowledge of blockchain protocols and technological resources will allow DLTx to take part in a greater part of the value-chain of upcoming web 3 infrastructure projects.

DSM is currently a joint venture partner with DLTx in File Storage Partners LLC, and after the transaction DLTx will control 100% of the Filecoin storage provider established earlier this year. In addition to File Storage Partners, DSM has experience from operating other Filecoin storage providers and bitcoin miners where the company is also a substantial shareholder.

“Having worked with the DLTx team for the last year, we see this as a natural next step to expanding our operations and exploring new
protocols and opportunities together. We have complementary and incremental skill sets so this transaction will enable us to execute
much faster together than we could have separately.” says Simon Campbell, CEO of DSM.