Taoping Inc: Gains on agreement with Zionodes
03/05/2021 13:40
** Shares of cloud-based platform provider Taoping TAOP.O
rises 1.9% to $6.99 premarket
** Co enters into a deal with computing power trading
platform, Zionodes, to together develop the GPU cloud computing
market urn:newsml:reuters.com:*:nGNXZ3Rg9
** Under the deal, which runs for a five-year term, TAOP
plans to increase the supply of computing power to Zionodes in
stages totaling at least $10 mln
** Zionodes will purchase GPU services from TAOP with a
value of not less than $1 million before Sept. 30
** Up to last close, stock nearly doubled YTD
(Reporting by Rithika Krishna in Bengaluru)
((Rithika.Krishna@thomsonreuters.com;))