TAOP Announces Hong Kong Data Center Expansion Plan to Amplify Ethereum Business
Taoping Inc. - Ordinary Shares (TAOP)
Company Research
Source: GlobeNewswire
Total hash rate will be increased by 100% to 700GH/sApproximately 350 Ether can be generated per Month by then HONGKONG, Jan. 05, 2022 (GLOBE NEWSWIRE) -- Taoping Inc. (NASDAQ: TAOP, the “Company” or “TAOP”), a provider of blockchain technology and smart cloud services, announced today that it has begun an expansion project of Taoping G Cloud Hong Kong Data Center (the “Center”). The expansion is expected to be completed by the end of January 2022. High-capacity fiber connectivity and world-class infrastructure make Hong Kong a desirable data center location for TAOP. Following the launch of the Center in May 2021, the expansion plan shows the Company’s confidence in developing digital currency business in Hong Kong. The site for this expansion is located in Tsuen Wan, Hong Kong. The Company plans to deploy additional general-purpose servers suitable for Ethereum in the Center. Once complete, the computing capacity of the expanded Center can be doubled, with an
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