Brief: Taoping Inc Says Taop Signs Memorandum Of Understanding To Establish Cryptocurrency Mining Joint Venture For Building 100Mw Capacity In Kazakhstan

Taoping

27/08/2021 13:13

Aug 27 (Reuters) - Taoping Inc  TAOP.O :
    * TAOP SIGNS MEMORANDUM OF UNDERSTANDING TO ESTABLISH
CRYPTOCURRENCY MINING JOINT VENTURE FOR BUILDING 100MW CAPACITY
IN KAZAKHSTAN
    * TAOPING INC - TDAA AND APC WILL OWN 51% AND 49%,
RESPECTIVELY
    * TAOPING INC - TDAA WILL CONTROL BOARD OF DIRECTORS OF
JOINT
VENTURE
    * TAOPING - JV PLANS TO INVEST, BUILD CRYPTOCURRENCY MINING
SITES
WITH TOTAL CAPACITY OF 100MW
    * TAOPING INC - TDAA WILL HAVE PRIORITY TO DEPLOY
CRYPTOCURRENCY
MINING MACHINES OWNED BY TDAA OR ITS PARTNERS
    * TAOPING INC - JOINT VENTURE PLANS TO RENT OUT EXCESS
OPERATING
CAPACITY TO THIRD PARTIES FOR ADDITIONAL INCOME
    * TAOPING INC - JOINT VENTURE WILL CARRY OUT OPERATION AND
MAINTENANCE OF CRYPTOCURRENCY MINING MACHINES IN KAZAKHSTAN

Source text for Eikon:  ID:nGNX8HGgKl 
Further company coverage:  TAOP.O 

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