Taoping Inc: Gains on blockchain cloud-computing service deal with BitFuFu
22/03/2021 12:50
** Shares of computer hardware co TAOP.O up 4.91% at
$14.75 premarket
** TAOP says it has entered into a strategic cooperation
agreement with BitFuFu to purchase blockchain cloud-computing
service, valued at $10 mln, within three years urn:newsml:reuters.com:*:nGNX7tXpCC
** The first $1 mln service subscription deal was signed
simultaneously with the agreement
** Antminer, a cryptocurrency mining machine brand by
Bitmain Technologies Ltd, is a strategic partner of Bitfufu;
purchasing the blockchain cloud-computing service will help the
co start bitcoin mining through Antminer - TAOP
** Up to last close, stock had nearly tripled in value this
year
(Reporting by Rithika Krishna in Bengaluru)
((Rithika.Krishna@thomsonreuters.com;))