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American Premium Water Corp. to acquire CloudXchange DataCentre Inc. to embark on crypto-mining related businesses with earnings guarantee of US$1.5 million for the first 12 months

indie
4 minutes

PLAYA VISTA, California, Apr 25, 2022 - (ACN Newswire via SEAPRWire.com) - American Premium Water Corporation (OTC:HIPH) (APW) is pleased to announce that its Board of Directors has approved the acquisition of 100% ownership of CloudXchange DataCentre Inc. (CloudX), an entity that engages in crypto-mining related business through its wholly owned subsidiary CloudXchange DataCentre Pte Ltd (CloudX SG), to diversify the Company's earnings. The purchase price of the transaction will be at a consideration of US$45.6 million, which reflects a projected price-to-earnings ratio of 30. To fund the acquisition, the Company will issue restricted common shares of equivalent value to Mr Chan Heng Fai, Ambrose (Seller), the sole shareholder of CloudX.CloudX is engaged primarily in investment within the cryptocurrency space with a focus on crypto-mining and staking activities. Crypto-mining refers to the process that verifies and adds new transactions to the blockchain by solving complex mathematical equations for a cryptocurrency. The crypto miner that solves the complex mathematical equations first is rewarded with the respective cryptocurrency. Staking cryptocurrencies is a process that invol...

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Government of Telangana, Ministry of External Affairs, NPCI, MeitY and Many Others Participated at India’s First Mega Scale Datacentre & Cloud Conference

indie
3 minutes

New Delhi, India, Dec 6, 2021 - (ACN Newswire via SEAPRWire.com) - At a time when India is generating colossal volumes of data with its 600 million plus active internet users, Tradepass hosted the country's first mega scale datacentre & cloud conference, i.e., Datacentre and Cloud Infrastructure Summit (DCCI) 2021: India, virtually on 23 - 24 November.The conference was one of a kind for the country, as it hosted 700+ datacentre & cloud professionals on a single virtual platform including the C-suite executives from the leading organizations across India and the top officials from Government of Telangana, Ministry of External Affairs, National Payments Corporation of India, Ministry of Electronics and Information Technology, Bombay Stock Exchange, NITI Aayog and many others.Even CISCO took the centerstage during the conference and gave an insightful talk on the 'multi-Cloud' landscape, whereas Panduit had its own exclusive virtual exhibition booth to showcase their datacentre & cloud oriented solutions.While sharing crucial insights on the future of datacentres in India, Shri Jayesh Ranjan (Principal Secretary, The Industries & Commerce (I&C) & Information T...

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India Gears Up for its Biggest Datacentre and Cloud Spectacle Ever

indie
4 minutes

BENGALURU, INDIA, Oct 25, 2021 - (ACN Newswire via SEAPRWire.com) - Amidst unprecedented internet penetration that accounts for over 600 million active users in the country, India is more poised than ever to skyrocket its growth in the Datacentre & Cloud market. It's already estimated that the Indian datacentre industry will cross $8 billion by 2026 (Arizton Advisory & Intelligence) along with its cloud computing market to reach a staggering $7.1 billion by 2022 (Nasscom).Taking heed from these massive paradigm shifts and post-receiving phenomenal success in ASEAN, Tradepass has announced its Indian edition of Datacentre & Cloud Conference i.e., Datacentre and Cloud Infrastructure Summit (DCCI) 2021: India (https://india.dccisummit.com), scheduled to take place virtually, on 23 - 24 November. The conference is aimed towards addressing every colossal development that has happened in the sector, where India has already surpassed the primary markets of Europe and the US in power consumption that accounts for 102 MW. Following his participation announcement, when asked about the growing impact of the datacentre & cloud industry, Golok Kumar Simli (Chief of Technology - ...