Taoping: Jumps on purchasing bitcoin mining machines

Taoping

15/04/2021 15:24

** U.S.-listed shares of Chinese information technology firm
 TAOP.O  are up 4% at $6.5 
    ** Signs a bitcoin mining machine purchase agreement with
Bitmain Technologies Limited  urn:newsml:reuters.com:*:nGNX9rXkpV
    ** TAOP to purchase Antminer S19j Pro bitcoin mining
machines with a total order value of about $24 mln
    ** Upon completion of deliveries under purchase agreement,
co is expected to own an additional hash rate of about 300,000
tera hashes per second
    ** Up to Thursday's close, stock had risen 118.7% this year;
one of the best performers among its peers

 (Reporting by Shashank Nayar in Bengaluru)
 ((Shashank.Nayar@thomsonreuters.com; within U.S. +1 646 223
8780; outside U.S. +91 80 6182 2256;))