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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Forward-Looking Statements
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
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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.
The forward-looking information contained in this press release
is made as of the date hereof, and the Company does not undertake
to update any forward-looking information that is contained or
referenced herein, whether as a result of new information, future
events or otherwise, except in accordance with applicable
securities laws. All subsequent written and oral forward-looking
information and statements attributable to the Company or persons
acting on its behalf are expressly qualified in its entirety by
this notice.
SOURCE Datametrex AI Limited