Taoping Inc: Rises on agreement with Chain Cloud Technology
13/04/2021 15:47
** Shares of cloud-based platform provider TAOP.O rise
4.5% to $7.60 in morning trade
** TAOP enters deal with China-based Ordos Blockchain Cloud
Computing Technology Co (Chain Cloud Technology) to jointly
establish and operate a GPU cloud computing power trading
platform urn:newsml:reuters.com:*:nGNXbMH52B
** TAOP says it will deploy 10,000 GPU cloud servers and
corresponding data cabinets in several phases with Chain Cloud
Technology
** Chain Cloud Technology provides various custom services,
including hardware procurement and server leasing
** TAOP shares have more than doubled in value YTD
(Reporting by Arundhati Sarkar in Bengaluru)
((Arundhati.Sarkar@thomsonreuters.com;
twitter.com/Arundhati_05; +1 646 223 8780 Ext: 2776))