Blockchain and cloud services provider Taoping Inc. has begun an expansion project of Taoping G Cloud Hong Kong Data Center.
The expansion is expected to be completed by the end of January 2022. High-capacity fiber connectivity and world-class infrastructure make Hong Kong a desirable data centre location for TAOP. Following the launch of the centre in May 2021, the expansion plan shows the Nasdaq-listed company’s confidence in developing digital currency business in Hong Kong.
“We have made good progress on digital currency business since the launch of Taoping G Cloud Hong Kong Data Center,” said Jianghuai Lin, Chairman and CEO of TAOP. “The expansion of the data center is expected to meet the Company’s growing demand for cloud computing resources and support growth for related business.”
The site for this expansion is located in Tsuen Wan, Hong Kong. Taoping plans to deploy additional general-purpose servers suitable for Ethereum in the centre. Once complete, the computing capacity of the expanded Center can be doubled, with an estimated total hash rate of 700GH/s and expected to generate about 350 Ether per month by the first quarter of 2022, it said.
As one of the most developed data center and cloud computing markets in Asia, Hong Kong is very likely to witness the growth of data center investment. The region has also witnessed the deployment of 5G technology, which may increase the number of interconnected devices in China. Mainland China’s demand for cross-border overseas business is also stimulating the growth of cloud computing service industries such as Hong Kong cloud servers.
