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Taoping Inc. (TAOP)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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6.42+0.48 (+8.08%)
At close: 4:00PM EDT
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Neutralpattern detected
Previous Close5.94
Open5.62
Bid0.00 x 800
Ask0.00 x 1000
Day's Range5.61 - 6.52
52 Week Range1.86 - 16.86
Volume820,927
Avg. Volume3,038,025
Market Cap61.208M
Beta (5Y Monthly)0.90
PE Ratio (TTM)N/A
EPS (TTM)-1.39
Earnings DateSep 30, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • TAOP Launches Taoping G Cloud Data Center
    GlobeNewswire

    TAOP Launches Taoping G Cloud Data Center

    SHENZHEN, April 19, 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 Data Center” in Dong-guan City, a neighboring city of Shenzhen. The Company plans to deploy a total of 3,000 of general-purpose servers suitable for Ethereum and cloud desktops in the data center in 2021, with a total hashrate of 1,450,000 MH/s. The first batch of 300 general-purpose servers has been deployed and started operations. The Taoping G Cloud Data Center is located in Dong-guan Science and Technology Park in Fenggang, Dong-guan City, China. Owned by a company whose major shareholder is Mr. Jianghuai Lin, Chairman and CEO of TAOP, the park covers an area of about 538,000 square feet, with a construction area of about 1,076,000 square feet. The park will provide further strong support as needed to the deployment of additional Taoping servers for future expansions. Driven by faster data transfer speed brought by broadband (5G, etc.) technologies and further accelerated by the COVID-19 pandemic, more and more computing services are migrated to the cloud. With applications in different fields such as personalized medicine, online education, online games, and conversational AI, the demand for GPU computing power continues to grow rapidly. Recent projections from Orbis Research indicate the value of the GPU market will increase with a compound annual rate of 31 percent, rising from $20.6 billion in 2019 to $104.7 billion by 2025. The opening of Taoping G Cloud Data Center is a significant step for the Company’s digital transformation and will accelerate the development of TAOP’s cloud services. “The launch of Taoping G Cloud Data Center is another milestone for the Company's deployment of blockchain technology and GPU cloud computing power,” said Mr. Jianghuai Lin, the Chairman and CEO of TAOP. “We plan to deploy multiple data centers at home and abroad in accordance with business development needs, and to realize the scale of cloud computing power and interconnection of inter-regional data centers.” About Taoping Inc. Taoping Inc. (TAOP), is a leading provider of smart display terminals and solutions for targeted advertising and online retails. The Company provides the integrated end-to-end digital advertising solutions enabling customers to distribute and manage ads on cloud-based ad display screens. Connecting owners of Taoping screens, advertisers and consumers, it builds up a resource sharing "Smart IoT Screen Network- Taoping App - Taoping Go (e-Store)" media ecosystem to ultimately achieve the mission "our technology makes advertising and branding affordable and effective for everyone." To learn more, please visit http://www.taop.com/. Safe Harbor Statement This press release may contain certain "forward-looking statements" relating to the business of Taoping Inc., and its subsidiaries and other consolidated entities. All statements, other than statements of historical fact included herein, are "forward-looking statements" in nature within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements, often identified by the use of forward-looking terminologies such as "believes", "expects" or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company’s periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov). All forward-looking statements attributable to the Company and its subsidiaries and other consolidated entities or persons acting on their behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements. For further information, please contact: Taoping Inc.Chang QiuEmail: chang_qiu@taoping.cnhttp://www.taop.com/or Dragon Gate Investment Partners LLCTel: +1(646)-801-2803Email: taop@dgipl.com

  • TAOP and Bitmain Signed a Purchase Agreement for Antminer S19j Pro Bitcoin Mining Machines
    GlobeNewswire

    TAOP and Bitmain Signed a Purchase Agreement for Antminer S19j Pro Bitcoin Mining Machines

    SHENZHEN, April 15, 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 signed a Bitcoin mining machine purchase agreement (the "Purchase Agreement") with Bitmain Technologies Limited. Pursuant to the Purchase Agreement, TAOP will purchase Antminer S19j Pro Bitcoin mining machines with a total order value of about $24 million. The purchase will be funded by a line of credit backed by the personal real estate of Mr. Jianghuai Lin, the Chairman and CEO of TAOP. S19j Pro is the latest model of Bitmain Antminer launched in April 2021, with a hash rate of 100 TH/s, a low energy efficiency ratio of 30 J/TH, and an expected life cycle over 5 years. The miners are scheduled to deliver starting from August 2021. Upon the completion of deliveries under the Purchase Agreement, TAOP is expected to own an additional hash rate of approximately 300,000 TH/s. “This purchase agreement is another key step for TAOP’s blockchain and digital asset business following our cooperation with BitFuFu,” said Mr. Jianghuai Lin, the Chairman and CEO of TAOP. “We are committed to keep increasing operational hash rate and seize the significant opportunities in blockchain technology.” About Taoping Inc. Taoping Inc. (TAOP), is a leading provider of smart display terminals and solutions for targeted advertising and online retails. The Company provides the integrated end-to-end digital advertising solutions enabling customers to distribute and manage ads on cloud-based ad display screens. Connecting owners of Taoping screens, advertisers and consumers, it builds up a resource sharing "Smart IoT Screen Network- Taoping App - Taoping Go (e-Store)" media ecosystem to ultimately achieve the mission "our technology makes advertising and branding affordable and effective for everyone." To learn more, please visit http://www.taop.com/. Safe Harbor Statement This press release may contain certain "forward-looking statements" relating to the business of Taoping Inc., and its subsidiaries and other consolidated entities. All statements, other than statements of historical fact included herein, are "forward-looking statements" in nature within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements, often identified by the use of forward-looking terminologies such as "believes", "expects" or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company’s periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov). All forward-looking statements attributable to the Company and its subsidiaries and other consolidated entities or persons acting on their behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements. For further information, please contact: Taoping Inc.Chang QiuEmail: chang_qiu@taoping.cnhttp://www.taop.com/or Dragon Gate Investment Partners LLCTel: +1(646)-801-2803Email: taop@dgipl.com

  • TAOP Signs Exclusive Strategic Cooperation and Joint Operation Agreement with Ordos Blockchain Cloud Computing Technology Co., Ltd.
    GlobeNewswire

    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 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 Lake Tech Ltd. “High-performance GPU servers and Taoping G Cloud are critical components of Taoping’s growth strategy for our Digital Culture Business Division, our Blockchain and Digital Asset Business Division, and our NFT Business Division,” said Mr. Jianghuai Lin, the Chairman and CEO of TAOP. “We believe the cooperation with Chain Cloud Technology in jointly operating Taoping G Cloud will give TAOP competitive advantages in achieving both sustained growth and scalable expansion of our smart cloud services and blockchain applications.” About Taoping Inc. Taoping Inc. (TAOP), is a leading provider of smart display terminals and solutions for targeted advertising and online retails. The Company provides the integrated end-to-end digital advertising solutions enabling customers to distribute and manage ads on cloud-based ad display screens. Connecting owners of Taoping screens, advertisers and consumers, it builds up a resource sharing "Smart IoT Screen Network- Taoping App - Taoping Go (e-Store)" media ecosystem to ultimately achieve the mission "our technology makes advertising and branding affordable and effective for everyone." To learn more, please visit http://www.taop.com/. Safe Harbor Statement This press release may contain certain "forward-looking statements" relating to the business of Taoping Inc., and its subsidiaries and other consolidated entities. All statements, other than statements of historical fact included herein, are "forward-looking statements" in nature within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements, often identified by the use of forward-looking terminologies such as "believes", "expects" or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company’s periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov). All forward-looking statements attributable to the Company and its subsidiaries and other consolidated entities or persons acting on their behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements. For further information, please contact: Taoping Inc.Chang QiuEmail: chang_qiu@taoping.cnhttp://www.taop.com/or Dragon Gate Investment Partners LLCTel: +1(646)-801-2803Email: taop@dgipl.com