TORONTO, April 26, 2018 /CNW/ - Datametrex AI Limited (the "Company" or "Datametrex") (TSXV: DM, FSE: D4G) is pleased to announce that its wholly owned subsidiary, Ronin Blockchain Corp., has fully deployed its first order of mining rigs in 2 geographies activating Ronin's 150MW of available capacity with Gosun Group ("GoSun") in Asia and our R&D mining facilities in the Province of Quebec, Canada. This completes phase 1 of Ronin's plan of establishing a diversified GPU mining footprint, centrally controlled from Canada prior to phase 2 expansion to utilize our abundant MW capacity. Ronin's 2018 operational highlights and achievements to date include:
- Key partnership with Gosun Group ("GoSun") securing 150MW of on demand turn-key capacity at favoured pricing.
- Establishment of a diversified GPU mining footprint in Asia and Canada with combined available capacity of 150+ MW
- The company eventually intends to spin off Ronin Blockchain into a public entity in order to capitalize on the value of its large Cryptomining footprint.
"Ronin's China jurisdiction is a tremendous asset that will require resources and capital best fulfilled through a public listing. Datametrex shareholders can fully monetize and have significant ownership in Ronin as it pursues this path", says Michael Frank, CEO of Ronin.
About Ronin Blockchain Corp.
Ronin Blockchain Corp., is a wholly owned subsidiary of Datametrex AI Limited. Ronin's business model is based on a centralized AI powered mining platform to operate a geo-diversified footprint of industrial scale Blockchain mining operations. Ronin has the potential to deploy state of the art mining capability across high value mining locations in North America, Asia and Europe from a centralized command center to maximize efficiency and profitability for GPU-based mining. Additionally, Ronin will also investigate further use of its expertise in software development and Artificial Intelligence algorithms to develop future revenue streams within the Blockchain space.
About the Company
Datametrex AI Limited is a technology focused company with exposure to four exciting verticals. Big Data, collecting data from retail point of sale environments, Artificial Intelligence and Machine Learning through its wholly owned subsidiary, Nexalogy (www.nexalogy.com). Implementing Blockchain technology for secure Data Transfers through its joint venture company, Graph Blockchain (www.graphblockchain.com). and Industrial Scale Cryptocurrency Mining through its wholly owned subsidiary, Ronin Blockchain Corp. (www.roninblockchain.com).
Additional information on Datametrex is available at: www.datametrex.com
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This news release includes certain forward-looking statements within the meaning of Canadian securities laws. Such forward-looking information and statements are not representative of historical facts or information or current condition, but instead represent only the Company`s belief regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of the Company's control.
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The forward-looking information contained herein includes, but is not limited to, statements regarding the terms, timing and completion of the proposed spin-out of Graph. By identifying such information and statements in this manner, the Company is alerting the reader that such information and statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such information and statements.
Although the Company believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements. Accordingly, readers should not place undue reliance on any forward-looking information or statements contained in this press release.
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SOURCE Datametrex AI Limited
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