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Sector: Technology, Energy, Industrial,
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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
...click
here for full copy from source |
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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. ...
...click
here for full copy from source |
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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.
...
...click
here for full copy from source |
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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.
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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
editorial@SectorNewswire.com
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