TAOP Launches Taoping G Cloud Hong Kong Data Center

Rhea-AI Summary

Taoping Inc. (NASDAQ: TAOP) announced the launch of its "Taoping G Cloud Hong Kong Data Center" in Hong Kong. The facility will deploy 1,000 general-purpose servers optimized for Ethereum and cloud desktops, achieving a total hashrate of 480,000 MH/s. The first batch of 300 servers will be operational by the end of May 2021. Located in a key international hub, the center offers robust power and broadband connectivity. This initiative is a significant step in Taoping's strategy to expand its global GPU cloud computing capabilities.

Positive

• Launch of the Taoping G Cloud Hong Kong Data Center signifies strategic expansion.
• Deployment of 1,000 servers enhances service offerings in cloud computing.
• High hashrate of 480,000 MH/s positions Taoping competitively in cloud services.

Negative

• None.

SHENZHEN, May 05, 2021 (GLOBE NEWSWIRE) -- 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 Hong Kong Data Center” in Hong Kong. The Company plans to deploy a total of 1,000 general-purpose servers suitable for Ethereum and cloud desktops in the data center, with a total hashrate of 480,000 MH/s. The first batch of 300 general-purpose servers will be deployed and in operation before the end of this month.

Taoping G Cloud Hong Kong Data Center is located in Kwai Chung, New Territories, Hong Kong, a key hub for international connectivity. The data center has quality construction and access to robust and reliable power supply, and has excellent broad band connection with mainland China. The location advantage is further enhanced by the status of Hong Kong as a leading global financial hub with vivid and diverse cultures. Taoping G Cloud Hong Kong Data Center will serve Chinese and global customers with cloud desktops and service migration.

“The launch of Taoping G Cloud Data Center in Hong Kong marks a significant step in the global deployment of Taoping’s GPU cloud computing power,” said Mr. Jianghuai Lin, the Chairman and CEO of TAOP. “It is a first step that brings Taoping G cloud to Hong Kong and overseas customers. The successful operation of our Hong Kong Data Center will propel us to become a global provider of cloud services.”

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 Qiu
Email: chang_qiu@taoping.cn
http://www.taop.com/
or

Dragon Gate Investment Partners LLC
Tel: +1(646)-801-2803
Email: taop@dgipl.com

FAQ

What is the significance of the Taoping G Cloud Hong Kong Data Center launch?

The launch signifies Taoping Inc.'s strategic expansion into the global GPU cloud computing market, aiming to serve both Chinese and international customers.

How many servers will be deployed at the Taoping G Cloud Data Center?

A total of 1,000 general-purpose servers will be deployed at the Taoping G Cloud Data Center in Hong Kong.

What is the expected hashrate of the Taoping G Cloud Data Center?

The Taoping G Cloud Data Center is expected to achieve a total hashrate of 480,000 MH/s.

When will the first batch of servers at the data center be operational?

The first batch of 300 general-purpose servers is expected to be operational by the end of May 2021.