TORONTO, Feb. 20, 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 placed the initial order for GPU mining rigs for both Quebec and Mongolia to activate Ronin’s 150MW of available capacity with Gosun Group (“GoSun”) as per its agreement in Asia and our planned Quebec-based initiatives. The mining rigs will be delivered and installed in both locations late Q1 2018 and are scheduled to be operational in early Q2 2018. This initial order is designed to establish mining operations in each location, and to ensure a smooth integration as the company moves forward to the next order.
“This initial machine purchase achieves our objectives of diversification in different jurisdictions, with strong logistics and currency acquisition planning. We will be operational in both locations by early Q2 2018, taking advantage of our strategic opportunity that provides access up to 150MW of capacity. Ronin will begin mining GPU-based digital currencies, such as Ethereum Classic, ZCash, and Monero as our first major step in our 2018 growth plans,” says Andrew Ryu, CEO and Chairman of the Company.
About Ronin Blockchain Corp.
Ronin Blockchain Corp, is a wholly owned subsidiary of Datametrex AI Limited. Ronin’s business model is based on a centralised 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 centralised 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
For further information, please contact:
Jeffrey Stevens – President & COO
Phone: (647) 400-8494
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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.
Generally, such forward-looking information or statements can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or may contain statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “will continue”, “will occur” or “will be achieved.”
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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