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TAOP Signs Memorandum of Understanding to Establish Cryptocurrency Mining Joint

Business Scoop » TAOP Signs Memorandum Of Understanding To Establish Cryptocurrency Mining Joint

TAOP Signs Memorandum of Understanding to Establish

TAOP Launches Taoping G Cloud Hong Kong Data Center

TAOP Launches Taoping G Cloud Hong Kong Data Center May 05, 2021 08:00 ET | Source: Taoping Inc. Taoping Inc. SHENZHEN, May 05, 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, today announced the launch of a “Taoping G Cloud Hong Kong Data Center” in Hong Kong. The Company plans to deploy a total of 1,000 general-purpose servers suitable for Ethereum and cloud desktops in the data center, with a total hashrate of 480,000 MH/s. The first batch of 300 general-purpose servers will be deployed and in operation before the end of this month.

TAOP Launches Taoping G Cloud Hong Kong Data Center

SHENZHEN, May 05, 2021 (GLOBE NEWSWIRE) -- Taoping Inc. (NASDAQ: TAOP, the “Company”), a provider of Internet-based smart display screens, and a...

TAOP Reports Fiscal Year 2020 Financial Results and Provides Guidance for FY2021

Press release content from Globe Newswire. The AP news staff was not involved in its creation. TAOP Reports Fiscal Year 2020 Financial Results and Provides Guidance for FY2021 Taoping Inc.April 30, 2021 GMT SHENZHEN, China, April 30, 2021 (GLOBE NEWSWIRE) -- Taoping Inc. (NASDAQ: TAOP), a provider of Internet-based smart display screens, and a new-media ecosystem that enables targeted advertising and online retail, today announced its financial results for the year ended December 31, 2020. Revenue was $11.0 million for the year ended December 31, 2020, a decrease of $2.8 million, compared to $13.8 million for the year ended December 31, 2019. Revenue was $7.3 million for the second half year of 2020, an increase of $3.6 million or 96% from $3.7 million for the first half year of 2020, and an increase of $0.6 million or 9% from $6.7 million for the second half year of 2019. The decrease in revenue in 2020 from 2019 was primarily due to the negative impact of the COVID-19 pandemic and the slowdown of the out-of-home advertising market in China in 2020. The increase in the second half of 2020 from first half of 2020 was primarily due to recovery from COVID-19, while the increase in the second half of 2020 from second half of 2019 was primarily due to the growth in the sales of software and high-end data storage server.

(TAOP) - Taoping Shares Are Trading Higher On Blockchain, Cloud Computing Announcement, FY21 Guidance

(TAOP) - Taoping Hires Great Bay Capital As Blockchain Consultant, Shares Spike

Taoping Inc. (NASDAQ: TAOP) engaged Great Bay Capital Investment Limited as a consultant for a two-year term effective February 19, 2021. Great Bay will provide the company with investment opportunities regarding blockchain and digital assets like Bitcoin, Ethereum, introduce the company to potential investors, present potential blockchain industry M&A targets, assist in completing relevant due diligence work, and propose M&A plans. Under the agreement, Taoping will issue a warrant to Great Bay to purchase one million shares at $3.50 per share. "It's time for TAOP to embrace the opportunities in the blockchain industry and digital assets, especially Bitcoin," said Taoping CEO Jianghuai Lin.