TORONTO, May 24, 2018 (GLOBE NEWSWIRE) -- Datametrex AI Limited (the “Company” or
“Datametrex”) (TSXV:DM) (FSE:D4G) is pleased to announce that its wholly owned subsidiary, Ronin Blockchain Corp.
(“Ronin”), has successfully amended the agreement with Gosun Group (“Gosun”) to extend the term
of its contract to a minimum of 5 years and increased the maximum available megawatt capacity from 150 MW in the original agreement
to 300 MW.
Total MW allocated to Ronin per year for Cryptocurrency Mining is as follows:
2018 – 100 MW
2019 – 150 MW
2020 – 300 MW
2021 – 300 MW
2022 – 300 MW
2023 – 300 MW
In today’s crypto environment, 1,000 ASIC mining rigs would utilize approximately 1.4MW of power and would
generate approximately $3 million in annual mining revenue.
“Ronin is pleased with the results of its pilot mining program and is now positioned to scale the mining
operations in both Asia and Canada. After the results of the pilot mining program management has determined to mine with both GPUs
and ASICs to take advantage of the entire Cryptocurrency ecosystem. As previously announced, management is working on a go public
strategy that will position Ronin as a standalone entity to take advantage of this unique opportunity for growth. Ronin could
realize unparalleled revenue if funded to take advantage of the full 300 MW of capacity,” 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 and ASIC-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. 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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policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This news release contains “forward-looking information” within the meaning of applicable Canadian securities
laws, including statements regarding the timing and completion of any blockchain related activities as the subsidiary is newly
incorporated and has no current operations. Forward-looking information is not a guarantee of future performance or results, since
it involves risks and uncertainties. There is no assurance that forward-looking statements will prove to be accurate, and actual
results and future events could differ materially from those anticipated in forward-looking statements. Some of the factors on
which the forward-looking statements are premised include (but are not limited to) the lack of material changes to general
economic, market and business conditions. Except as required by law, the Corporation does not assume and expressly renounces any
obligation to update any forward-looking information, which is only applicable on the date on which it is given.
