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TAOP Signs Exclusive Strategic Cooperation and Joint Operation Agreement with Ordos Blockchain Cloud Computing Technology Co., Ltd.
SHENZHEN, April 13, 2021 (GLOBE NEWSWIRE) -- Taoping Inc. (NASDAQ: TAOP, the “Company”), a provider of Internet-based smart display screens, and a new-media
About this update from Taoping Inc.
[{"type":"text","content":"SHENZHEN, April 13, 2021 (GLOBE NEWSWIRE) -- Taoping Inc. (NASDAQ: TAOP, the “Company”), a provider of Internet-based smart display screens, and a new-media ecosystem that enables targeted advertising and online retail, announces today that it has entered into exclusive strategic cooperation and joint operation agreement with Ordos Blockchain Cloud Computing Technology Co., Ltd. (“Chain Cloud Technology”), a cloud service provider located in Ordos, Inner Mongolia, China, to jointly establish and operate a GPU cloud computing power trading platform, and strive to make it a successful model for Ordos City Industrial Park for Cloud Computing. Established in 2017, Chain Cloud Technology provides various custom services, including hardware procurement, server leasing, data center hosting, and daily operations & maintenance. Chain Cloud Technology manages over 100,000 servers and its data rooms have an energy consumption quota of 60,000 kVA. Pursuant to the exclusive strategic cooperation and joint operation agreement, TAOP will invest and deploy 10,000 GPU cloud servers and corresponding data cabinets in several phases with Chain Cloud Technology to provide Taoping’s smart cloud services: cloud desktop, cloud rendering, cloud gaming, artificial intelligence, digital assets and other blockchain applications. Both parties will jointly build and operate a GPU cloud (“Taoping G Cloud”) computing power trading platform, and Chain Cloud Technology will ensure most efficient and cost-effective operation, maintenance and power services for Taoping G Cloud. Last month, TAOP signed agreement with Shanghai Guanghua Education to collaborate in cloud desktop and digital education. Taoping G Cloud is planned to provide cloud desktop and digital education services initially to over 10,000 students and faculties of Guanghua Schools, and further to roll out nationally in China with implementations at Guanghua Schools as a benchmark and demonstration base. Taoping G Cloud is also planned to serve Taoping’s Blockchain and Digital Assets Business Division and other 3rd parties with stable and sustained computing power. Furthermore, Taoping G Cloud will expand in China cloud desktop, cloud rendering, cloud gaming, and artificial intelligence services based on the advanced technologies of Render Lake upon the closing of the announced acquisition of Render...