Ronin Blockchain wants to become a large player in the industrial blockchain mining sector through a concentrated focus on scale, innovative technologies and low-cost energy supply
Datametrex AI announced that it has signed the share purchase agreement and completed the acquisition of privately held Ronin Blockchain Corp., a global industrial scale blockchain platform with a specific focus on mining multiple cryptocurrencies.
Under the terms of the share purchase agreement, the Company acquired all of the issued and outstanding common shares of Ronin for an aggregate purchase price of $10 million.
Ronin Blockchain Corp is a private company located in Vancouver B.C. Ronin’s objective is to become a large player in the industrial Blockchain mining sector through a concentrated focus on scale, innovative technologies and low-cost energy supply.
Ronin’s business model is based on an industrial scale Blockchain platform, which enables the company to access and manage global cryptocurrency mining. Ronin has the potential to provide state of the art mining capability across the world and to utilize its scale, beginning in China, to maximize efficiency and profitability across the arbitrage opportunities that exist for GPU-based mining. Additionally, Ronin will use its advanced Artificial Intelligence algorithms for currency and system optimization. Ronin will also use API protocols to eventually make more efficient integration from mining to mobile wallets. Ronin is currently working on identifying additional jurisdictions for mining opportunities, including Quebec, British Columbia and Eastern Europe, as it develops its international footprint.