TAOP Announces Hong Kong Data Center Expansion Plan to Boost Ethereum Business
HONGKONG, Jan. 05, 2022 (GLOBE NEWSWIRE) – Taoping Inc. (NASDAQ: TAOP, the “Company” or “TAOP”), a provider of blockchain technology and intelligent cloud services, today announced that it has launched a project Taoping G Cloud Hong Kong Data Center Expansion (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 the digital currency business in Hong Kong.
The site of this expansion is located in Tsuen Wan, Hong Kong. The company plans to deploy additional general-purpose servers suitable for Ethereum in the center. When complete, the expanded center’s compute capacity can be doubled, with an estimated total hash rate of 700GH / s, and is expected to generate around 350 Ether per month by Q1 2022.
“We have made good progress in digital currencies since the launch of the Taoping G Cloud Hong Kong data center,” said Mr. Jianghuai Lin, Chairman and CEO of TAOP. “The expansion of the data center is expected to meet the company’s growing demand for cloud computing resources and support the growth of related businesses. “
On tap Inc.
Taoping Inc. (TAOP) is a provider of blockchain technology and intelligent cloud services. The Company is dedicated to the research and application of blockchain technology and digital assets, and continues to improve computing power and create value for the crypto digital currency industry. Leveraging its self-developed intelligent cloud platform, TAOP also provides cloud solutions and services to industries such as new media and artificial intelligence. To learn more, please visit http://www.taop.com/.
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