Datametrex Subsidiary Ronin Blockchain Increases Total Capacity to 300 Megawatts

Datametrex AI (TSXV:DM) has announced that its wholly owned subsidiary Ronin Blockchain has increased capacity from 150 megawatts to 300 megawatts.

As quoted in the press release:

otal 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.

Click here to read the full press release.