TAOP Establishes New Subsidiary in Kazakhstan to Invest in Cryptocurrency Mining Data Center Construction
Taoping Inc. - Ordinary Shares (TAOP)
Company Research
Source: GlobeNewswire
HONGKONG, Oct. 27, 2021 (GLOBE NEWSWIRE) -- Taoping Inc. (NASDAQ: TAOP, the “Company” or “TAOP”), a provider of blockchain technology and smart cloud services, today announced that its subsidiary, Taoping Capital Limited, established a wholly-owned Kazakh subsidiary, Kazakh Taoping Data Center Co. Ltd. (“Kazakh Taoping”), to invest in the construction of cryptocurrency mining data center in Kazakhstan. Kazakh Taoping’s main business is expected to be managing the construction of a cryptocurrency mining data center in Kazakhstan. According to the project plan, Kazakh Taoping intends to complete the first phase of the construction of the cryptocurrency mining data center with a total capacity of 40MW within six months. With a covered area of about 269,000 square feet, the data center is expected to be able to deploy about 10,000 S19 Antminers. The board of directors of the Company has approved a $3.2 million investment in Kazakh Taoping for the construction of the cryptocurrency
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- Taoping Reports 59% Surge in Revenue for Full Year 2023; Company Expects Continued Growth in 2024PR Newswire
TAOP
Sec Filings
- 5/9/24 - Form EFFECT
- 5/8/24 - Form 424B3
- 4/30/24 - Form POS
- TAOP's page on the SEC website