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.
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