TAOP Launches Taoping G Cloud Data Center
April 19 2021 - 8:00AM
Taoping Inc. (NASDAQ: TAOP, the “Company”), a provider of
Internet-based smart display screens, and a new-media ecosystem
that enables targeted advertising and online retail, today
announced the launch of a “Taoping G Cloud Data Center” in
Dong-guan City, a neighboring city of Shenzhen. The Company plans
to deploy a total of 3,000 of general-purpose servers suitable for
Ethereum and cloud desktops in the data center in 2021, with a
total hashrate of 1,450,000 MH/s. The first batch of 300
general-purpose servers has been deployed and started operations.
The Taoping G Cloud Data Center is located in
Dong-guan Science and Technology Park in Fenggang, Dong-guan City,
China. Owned by a company whose major shareholder is Mr. Jianghuai
Lin, Chairman and CEO of TAOP, the park covers an area of about
538,000 square feet, with a construction area of about 1,076,000
square feet. The park will provide further strong support as needed
to the deployment of additional Taoping servers for future
expansions.
Driven by faster data transfer speed brought by
broadband (5G, etc.) technologies and further accelerated by the
COVID-19 pandemic, more and more computing services are migrated to
the cloud. With applications in different fields such as
personalized medicine, online education, online games, and
conversational AI, the demand for GPU computing power continues to
grow rapidly. Recent projections from Orbis Research indicate the
value of the GPU market will increase with a compound annual rate
of 31 percent, rising from $20.6 billion in 2019 to $104.7 billion
by 2025. The opening of Taoping G Cloud Data Center is a
significant step for the Company’s digital transformation and will
accelerate the development of TAOP’s cloud services.
“The launch of Taoping G Cloud Data Center is
another milestone for the Company's deployment of blockchain
technology and GPU cloud computing power,” said Mr. Jianghuai Lin,
the Chairman and CEO of TAOP. “We plan to deploy multiple data
centers at home and abroad in accordance with business development
needs, and to realize the scale of cloud computing power and
interconnection of inter-regional data centers.”
About Taoping
Inc.
Taoping Inc. (TAOP), is a leading provider of
smart display terminals and solutions for targeted advertising and
online retails. The Company provides the integrated end-to-end
digital advertising solutions enabling customers to distribute and
manage ads on cloud-based ad display screens. Connecting owners of
Taoping screens, advertisers and consumers, it builds up a resource
sharing "Smart IoT Screen Network- Taoping App - Taoping Go
(e-Store)" media ecosystem to ultimately achieve the mission "our
technology makes advertising and branding affordable and effective
for everyone." To learn more, please visit
http://www.taop.com/.
Safe Harbor Statement
This press release may contain certain
"forward-looking statements" relating to the business of Taoping
Inc., and its subsidiaries and other consolidated entities. All
statements, other than statements of historical fact included
herein, are "forward-looking statements" in nature within the
meaning of the Private Securities Litigation Reform Act of 1995.
These forward-looking statements, often identified by the use of
forward-looking terminologies such as "believes", "expects" or
similar expressions, involve known and unknown risks and
uncertainties. Although the Company believes that the expectations
reflected in these forward-looking statements are reasonable, they
do involve assumptions, risks and uncertainties, and these
expectations may prove to be incorrect. Investors should not place
undue reliance on these forward-looking statements, which speak
only as of the date of this press release. The Company’s actual
results could differ materially from those anticipated in these
forward-looking statements as a result of a variety of factors,
including those discussed in the Company’s periodic reports that
are filed with the Securities and Exchange Commission and available
on its website (http://www.sec.gov). All forward-looking statements
attributable to the Company and its subsidiaries and other
consolidated entities or persons acting on their behalf are
expressly qualified in their entirety by these factors. Other than
as required under the securities laws, the Company does not assume
a duty to update these forward-looking statements.
For further information, please contact:
Taoping Inc.Chang
QiuEmail: chang_qiu@taoping.cnhttp://www.taop.com/or
Dragon Gate Investment Partners LLCTel:
+1(646)-801-2803Email: taop@dgipl.com
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