TORONTO, Feb. 14, 2018 (GLOBE NEWSWIRE) — Datametrex AI Limited (the “Company” or “Datametrex“) (TSXV:DM) (FSE:D4G) is pleased to announce that its wholly owned subsidiary, Ronin Blockchain Corp., has executed a Definitive Agreement with Gosun Group (“GoSun“) which provides Ronin with access to their Inner Mongolia data center for the purpose of crypto currency mining.
Key points of the contract:
- Immediate access to hosting capacity of up to 10MW and 5000 server rigs
- Ability to increase capacity up to 100MW and 50,000 server rigs by December 31st, 2018
- Commencing Q2 2019, ability to scale up incrementally with a minimum capacity of 10MW and 5000 server rigs per quarter up to a maximum of 140MW or 70,000 server rigs by December 31st, 2019
- Ronin to utilize GoSun procurement to enable Ronin Blockchain access to preferred pricing and equipment sourcing for mining hardware.
GoSun (www.gosun.com) was founded in 2006 and is one of China’s largest infrastructure and networking companies with over 90 operating data centers in China. GoSun is a public company traded on the Shenzhen Stock Exchange (000971.SZ). GosSun has Tier one and Tier two data centers providing hosting services for companies such as Alibaba, Tencent, China Telecom, etc. The agreement with GoSun provides Ronin with access to the world’s largest Blockchain mining market with key fundamental drivers for success: fast internet connections, low cost energy delivery, proximity to miners and equipment producers.
“Signing the agreement with Gosun positions Ronin to become a leader in industrial scale crypto currency mining without incurring the massive costs and time delays associated with building new data centers to accommodate large scale mining. The opportunity to utilize GoSun’s existing infrastructure, enjoy pass through pricing on power and the ability to piggyback on their procurement …