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Sector:  Technology, Energy, Industrial, Utility   :

 

News Release - March 16, 2018 4:38 PM ET 

 

 

Datametrex Subsidiary Ronin Blockchain Receives First Mining Rig Order

 

NEW YORK, NY, March 16,  2018 /Sector Newswire/ -- Datametrex AI Limited (TSX-V: DM) (FKT:D4G) (OTC: DTMXF) this week announced it has received GPU mining rigs from its initial order announced on Feb. 14th 2018 for both the Mongolia and Quebec locations, commencing activation of Ronin’s 150MW of available capacity with Gosun Group and its planned Quebec-based initiatives. Recently Datametrex has provided updates on three of its core divisions; Nexalogy, Graph Blockchain, and Ronin Blockchain.

 

Datametrex is a Canadian-based technology focused company with exposure to four exciting verticals;

 

 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).

 

 Industrial scale Cryptocurrency Mining through its wholly owned subsidiary, Ronin Blockchain Corp (www.roninblockchain.com).

 

 Big Data, collecting data from retail point of sale environments (www.datametrex.com).

 

Each division is early in its lifecycle, and ripe with potential for scale. Datametrex's share price is poised for significant upside revaluation as its current market cap (~C$28 million, DM.V trading at ~C$0.14) appears disproportionate relative to the sum of each divisions potential. Datametrex AI Limited was launched in the later-half of 2017 with the intent of DM.V being a vehicle for attracting some of the most unique cutting-edge technology businesses poised for break-out and individuals at the fore of their fields. The result is a targeted yet diversified approach that offers shareholders exposure to the hottest up-and-coming sectors of the new economy.

 

 

 

Excerpt of March 12, 2018 news release from Datametrex AI Limited regarding its Ronin cryptocurrency mining division:

 

Datametrex Subsidiary Ronin Blockchain Receives First Mining Rig Order

 

TORONTO, March 12, 2018 (GLOBE NEWSWIRE) -- Datametrex AI Limited (the “Company” or “Datametrex”) (TSXV:DM) (FSE:D4G) is pleased to announce that is wholly owned subsidiary, Ronin Blockchain Corp., has received GPU mining rigs from its initial order announced on Feb. 14th 2018 for both the Mongolia and Quebec locations, commencing activation of Ronin’s 150MW of available capacity with Gosun Group (“GoSun”) and our planned Quebec-based initiatives. The rigs are scheduled to be operational in March, ahead of the previously announced dates. The initial order is designed to establish mining operations in each location and to ensure a smooth integration as the Company moves towards the next larger order.
 

“This is an exciting milestone for Ronin as it transitions the company from a concept to an active miner.  Ronin has a unique opportunity to scale up to 150MW in Asia and continues to build out its mining footprint in Quebec,” says Andrew Ryu, CEO and Chairman of Datametrex AI Limited.

 

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

 

To stay informed about Datametrex, please join our Investor Group on 8020 Connect http://bit.ly/2fPUNwF for all upcoming news releases, articles, comments and questions.

 

For further information, please contact:

Jeffrey Stevens – President & COO
Phone: (647) 400-8494
Email:  
jstevens@datametrex.com

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Excerpt of February 28, 2018 news release from Datametrex AI Limited regarding Graph Blockchain division:

 

Graph Blockchain Continues Expanding Market Penetration

 

TORONTO, Feb. 28, 2018 (GLOBE NEWSWIRE) -- Datametrex AI Limited (the “Company” or “Datametrex”) (TSXV:DM) (FSE:D4G) is pleased to announce that it has, through its Graph Blockchain (“Graph”) subsidiary, drawn strong interest from several banking and insurance companies. It is currently presenting with IBM, its partner, to a number of financial and insurance institutions for blockchain projects. Recently, Graph entered into a definitive agreement to develop a large-scale Graph Database and Blockchain solution prototype in partnership with IBM for an electric power and utility project. The solution will assist in analyzing charging stations. The value of the initial prototype is approximately $400,000.

 

The project will use all of Graph’s unique IP which provides a compelling way of organizing, analyzing and displaying Blockchain transactional data in real time. The Graph database technology being developed processes Blockchain data up to 1,000 times faster than traditional methods from 7 transactions per second (TPS) to 7,000 TPS. Additionally, information can be presented much faster and more effectively. It is believed to be one of the most effective technologies to store, manage and present Blockchain transactions specifically in peer-to-peer networks, and has shown unique advantages for mission critical applications.

 

"We have deep domain expertise in Graph databases and their inherent value in analyzing and presenting data more effectively than traditional table-based structures. Bringing this technology to help build out this large project with IBM is opening up a lot of opportunities. Graph Blockchain can increase the transaction performance and data presentation layer considerably," said Andrew Ryu, Chairman and CEO of Graph Blockchain.

 

Additionally, Ronin Blockchain, Datametrex AI’s cryptocurrency mining subsidiary, is speaking at the Polycon 18 conference in the Bahamas this week. The conference will bring together the worlds of high finance and blockchain, attracting institutional investors, retail advisors and high net worth individuals, as well as some of the most exciting and fastest-growing blockchain companies from around the world.

 

About Graph Blockchain

Graph Blockchain is a joint venture formed between Datametrex and Bitnine. The JV mandate is to bring the value of Graph Database technology to the blockchain environment where there is a great need to enhance performance and present the verified and authenticated data in unique ways. ...

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Excerpt of February 27, 2018 news release from Datametrex AI Limited regarding its Nexalogy business intelligence division:
 

Datametrex AI Limited Provides Nexalogy Update

 

TORONTO, Feb. 27, 2018 (GLOBE NEWSWIRE) -- Datametrex AI Limited (the “Company” or “Datametrex”) (TSXV:DM) (FSE:D4G) is pleased to announce an update for its Nexalogy subsidiary. Nexalogy is working on a number of substantial government contracts in the public policy research and social data monitoring areas. The government vertical is growing substantially and Nexalogy anticipates significant growth over the next few years. Nexalogy’s repository of data collected, over half a billion tweets a year and access to other data sources such as 85 million blogs and 8.8 million Facebook pages, gives the company a unique advantage when analyzing profiles and other unstructured data. Nexalogy is continuing to accumulate rich data sets that will position itself most effectively with brands and government agencies. Nexalogy is growing their presence in Asia and Europe along with a diversification of their revenue stream with ad buy offerings targeted at small cap public companies.
 

Nexalogy’s patented solutions provide valuable insight and analysis from a variety of data sources, giving governments and corporations a unique tool to analyze information and make informed decisions in the following areas; policy making, stakeholder analysis, social risk assessment, social license to operate, marketing, and overall operations. Nexalogy’s proprietary algorithms, when merged with traditional business intelligence, provide an innovative platform leveraging machine learning, social data intelligence and social Internet of Things (“IOT”) technology to redefine data analysis.

 

Nexalogy is emerging as a leader in the Business Intelligence (“BI”) marketplace with a strong focus in social data analysis. According to “Markets and Markets”, a flagship competitive intelligence and market research firm serving 1700 global fortune enterprises, the Social Media Analytics Market is forecast to grow to 5.4 Billion USD by 2020. This rapid growth is due to the transition from traditional BI techniques to advanced analytics as well as the surge in the number of social media users and data.

 

“Rich datasets provide our unique AI algorithms with a platform that is in great demand with the Fortune 1000 and major Government agencies,” says Andrew Ryu, Chairman and CEO of the Company.

 

In addition, the company is still conducting further diligence on the Shoptalk transaction and will provide an update shortly.

 

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.

 

To stay informed about Datametrex, please join our Investor Group on 8020 Connect http://bit.ly/2fPUNwF for all upcoming news releases, articles comments and questions.

 

About Nexalogy

Nexalogy AI solutions unlock valuable insights from social media data. Through its proprietary semantic clustering algorithms, it provides insights and analysis that aren’t available through traditional business intelligence technology. This technology makes data more relevant and is the missing link in providing actionable social media intelligence to governments and organizations all over the world. ...

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Datametrex is also the subject of a Technology Journal Review which may be viewed at http://technologymarketwatch.com/dm.htm online.

 

Excerpt from Journal review:

 

Datametrex's objective is to facilitate each division, so they are in a position to execute and hit milestones, by providing them the tools in their toolbox to build out the businesses, whether that be capital or introduction to new clients. Spearheading Datametrex's management team is Chairman & CEO Andrew Ryu, COO & President Jeff Stevens, and Chief Strategy Officer Michael Frank, all are highly experienced in the capital markets, and have several decades of success under their belt in the public markets (see CV's of key people at the bottom of this article). This management team is known for recognizing opportunity, moving quickly, their ability to raise capital, and structure deals.

 

The following is a synopsis of each division, in the order they were acquired/incepted, and why valuation is apt to rise.

 

1) Nexalogy Environics Inc. - Artificial intelligence and machine learning (a 100%/wholly-owned subsidiary of Datametrex): Nexalogy is emerging as a leader in the Business Intelligence marketplace with a strong focus in social data analysis. Nexalogy's technology is unlike anything that exists and is attracting increasing high-level federal government attention/contracts, this division has growing revenues. Nexalogy has NDAs that prevent disclosure of client specifics, however we do know Datametrex currently has 3 Federal Government agency contracts, and has stated it is targeting/involved with government agencies in security, health & safety, and public-Canada. Nexalogy has software and systems with the ability to scour the vast web of social media and detect weak signals/anomalies behind the noise, identify unknowns, and generate customized actionable intel for clients. Nexalogy is on target for ~C$2.5M+ in revenues for 2018 (up from ~$1.5M in 2017), and within a few years it is conceivable to see an increase to >$40M revenues. It is highly unlikely governments will spend less on counter-terrorism and the like, they are prone to increase appropriations, plus other governments are apt to adopt this technology. Important to note is that with AI/machine learning the increasingly clean data sets that Nexalogy generates through years of refinement (application specific teaching) position the product as the the go-to choice for anyone wanting actionable results. Nexalogy Environics Inc. currently employs ~13 people based out of Montreal, including best-of-breed stack developers and machine learning developers. Additionally, Nexalogy recently announced a new AI business intelligence product that focuses on delivering competitive analysis and stock market awareness for Fortune 1000 publicly traded companies. Nexalogy is a proven entity in the business intelligence market having already provided premium services for major names such as Ford, PWC, Petro-Canada, and YellowPages.

 

Fig. 2 (below) Conversation Sculpting and Clustering Algorithms - Seen is a representation of Nexalogy analytics engine able to peel like an onion, ranking engagement, participants in clusters, patterns, obfuscation, and content.

 

Nexalogy was started by astrophysicist, Claude Théoret, renowned for discovering that the best way to study black holes is to examine how stars interact with each other. He created algorithms to map relationships between the stars and gain a fresh understanding of the universe. In 2006, Claude began to apply the same algorithms to analyze connections between words and the people who write them throughout the social Web and advance Nexalogy to the point it is unparalleled. Claude recognized the best way to advance Nexalogy to where it can reach its potential was by taking it public with people experienced in public markets and with the right vehicle; he chose newly formed Datamatrex in late 2017 as the perfect fit -- Nexalogy was Datametrex's priority/first acquisition. Claude is now a ~9% owner of DM.V and still leads the Nexalogy division. Since Datametex's acquisition of Nexalogy, management has refocused the division's resources toward higher-margin big-government and IR business intelligence products, and away from Nexalogy's old 'freemium' (try first - then upgrade) model. The social media analytics market is forecast to grow to US$5.4 Billion by 2020. This rapid growth is due to the transition from traditional business intelligence techniques to advanced analytics as well as the surge in the number of social media users and data. Clearly the sum of the parts of Datametrex is greater than the whole, it is not unreasonable for investors to attribute a ~C$40+ million valuation now (on to much higher from there) for the Nexalogy division alone, based on where this is headed.

 

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2) Graph Blockchain Limited (Planned spin-out): Graph specializes in implementing custom blockchain technology for secure data transfers for corporations and government agencies. Graph is a spinout that Datametrex is planning for 2018 that is expected to see shareholders of DM.V receive 1 share of Graph Blockchain Limited for every 20 they hold of DM.V. (the record date not been set yet, look for guidance on this soon). Datametrex corporately will also retain a ~20% interest in the new publicly traded entity, the whisper number on Bay Street is that Graph Blockchain Limited will IPO at ~C$35 Million market cap (which would give DM.V's 20% retained interest an intrinsic value of C$8M). Graph has already been sufficiently financed with a recent seeding of $3.5M (proceeds to be used to build its Graph Blockchain solutions), and thus it is likely only a very nominal financing will accompany the IPO for the main purpose of establishing price only. Graph is a 50-50 joint venture (JV) Datametrex started with San Francisco-based Bitnine which has vended-in its cutting-edge Graph Database technology.

 

Graph's technology processes blockchain data up to 1,000 times faster than traditional methods and is 10,000 times faster at presenting data from the blockchain to the dashboard (see overview of the DataGraph technology solution further down in this article).

 

Currently Graph is contracted to develop a blockchain solution prototype in partnership with IBM for a Korean conglomerate's utility for US$400K. This ~US$400,000 contract for the prototype, if successful (and there is no indication it will not be successful), we anticipate will turn into a full-scale multi-million dollar project for Graph.

 

Graph is also under contract with a medical marijuana client to facilitate a blockchain solution for clinical trails (aside: this client project is an example of Datametrex cross-selling business divisions to close a deal, as the same client also signed a contract with Nexalogy to find people discussing/complaining of ailments online, then target them with client ads which lead to filter surveys qualifying them as prospective patients for clinical trial, and the results are stored on the Graph Blockchain -- saving millions of dollars and time for the client).

 

The global blockchain market is a megatrend and only just beginning. Expect Graph Blockchain Limited to announce additional contracts as 2018 progresses as the level of discussion for its solutions runs high. Considering that there are companies in this space going public on just a white paper and a promise to build a prototype and they get a $40M valuation, it is safe to say the aforementioned ~$35M IPO market cap whisper number for Graph reflects a desire by Datametex (and Bitnine) to give new shareholders room to experience appreciation from the get-go.

  

The following categorized list of blockchain projects have been defined as "in the pipeline" by Datametrex, either in some level of discussion (potential/targeted) or actual development:

 

A) Real-time Transactions

 
 
Public Infrastructure – building a bespoke secure payment gate solution for electric vehicle charging stations.
 
Fintech Industry – to provide Blockchain solutions for efficient processing of real-time transactions.

 
B) Asset Smart Contracts

 
 
Real Estate – to provide a Blockchain solution for financial transactions and smart contracts.
 
Vehicle and Equipment Sales – Vehicle history, smart contracts and financial transactions.
 
Logistics – to provide trusted shipping solutions.

 
C) Document and Certificate Authentication

 
 
Medical Industry - solutions to provide secure and managed transactions among highly connected entities.
 
Education Sector – solutions to verify degree, diploma, and transcript authentication.
 
Document Management – to provide document integrity and confidentiality management.

 

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3) Ronin Blockchain Corp. - Industrial scale cryptocurrency mining targeting 140Mw, 70,000 rigs (a 100%/wholly-owned subsidiary of Datametrex -- with plans to spinout): Ronin’s business model is based on a centralised AI powered mining platform to operate a geo-diversified footprint of industrial scale blockchain mining operations. This March 12, 2018 the Company announced it has received GPU mining rigs from its initial order announced on Feb. 14th 2018 for both the Mongolia and Quebec locations, commencing activation of Ronin’s 150MW of available capacity with Gosun Group and its planned Quebec-based initiatives.

 

Ronin is positioned to become a cryptocurrency mining powerhouse, it benefits from several advantages stemming from its unique relationship with Gosun. Gosun is a public company in China which owns 90+ data centers across China (plus others globally), their tenants are major entities (e.g. Alibaba, Tencent, China Telecom, etc.) which use tier-1 and tier-2 data centers. One of the founding partners of Ronin was the Chairman and CEO of Gosun, and when Ronin was acquired by Datametrex that interest was converted to becoming an ~8% owner of DM.V. Datametex announced that Ronin has locked-in with Gosun 1) immediate access to Gosun's datacenters and infrastructure to house Ronin's server rigs, 2) power agreements for pass-through pricing, and 3) the ability to piggy-back on procurement. Datametrex via Ronin this February-2018 signed an agreement with Gosun giving it access to 100Mw of power immediately. Without the need to spend millions on space and infrastructure, Ronin has a contract that will allow A) immediate access to hosting capacity of up to 10Mw and 5000 server rigs, B) ability to increase capacity up to 100Mw and 50,000 server rigs by December 31, 2018, and C) commencing Q2 2019, ability to scale up incrementally with a minimum capacity of 10Mw and 5,000 server rigs per quarter up to a maximum of 140 Mw or 70,000 server rigs by December 31, 2019. Ronin also has a foothold in Quebec through Nexalogy which is from Montréal and has a deal with Hydro Quebec.

 

Datametrex does not intend on long-term hodling, it will mine coins with instructions sent from Vancouver to the remote rig servers based on whatever its AI algos indicate is moving/poised for movement, once mined the coins will be scraped and traded. From a tax perspective there is unlimited trading between coins without triggering taxable profits, taxes are not triggered until digital coins are monetized/converted to legal tender. Datametrex will also employ the use of cold storage devices (treasures) when practically possible so as to maximize security.

 

Out of the gate Ronin has announced it is procuring GPUs and will focus on alt coins (e.g. Monero, Ethereum Classic, Zcash, Litecoin, etc.) over ASIC (application specific integrated circuitry which is more for Bitcoin; ASIC uses more energy and is used to solve more complex equations). Down the road, as Ronin builds out systems, it plans to diversify to say 20% ASIC, however to start it will go with the flexibility of GPU. Ronin is facilitating procurement in increments, with the first mining rigs set to be delivered and installed in both locations (Asia & Quebec) late Q1 2018 and are scheduled to be operational in early Q2 2018. As Ronin's relationship with Gosun matures it is possible terms of procurement will sweeten as the rigs are expected to more than pay for themselves in short order. Gosun has some of the largest cryptocurrency companies knocking on their door asking if they have excess capacity, looking to get in, Ronin has first-mover advantage. We calculate that if Ronin were to mine at 100Mw, at current valuation of cryptos, Datametrex would be looking at annualized revenue rate in the order of ~$220 million at ~55% margins.

 

Datametrex has determined that in light of the capital which Ronin requires to grow and scale its operation, it will be spinning out Ronin in a standalone public listing. This February 26, 2018 Datametrex announce a non-brokered arm’s length private placement of up to approximately $4 million now in Ronin Blockchain Corp. directly (in anticipation of the spinout, thus NOT dilutive to DM.V shareholders), representing a pre-money valuation of approximately $36 million CDN for the Ronin division. DM.V effectively only gives up ~10% of Ronin now and meaningfully advances the division.

 

Full copy of the Technology Journal Review may be viewed at http://technologymarketwatch.com/dm.htm online.

 

 

This release may contain forward-looking statements regarding future events that involve risk and uncertainties. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual events or results. Articles, excerpts, commentary and reviews herein are for information purposes and are not solicitations to buy or sell any of the securities mentioned. Readers are referred to the terms of use, disclaimer and disclosure located at the above referenced URL(s).

 

 

SOURCE: Sector Newswire editorial

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