On April 15, China Shenzhen Taoping Co., Ltd. (Nasdaq: TAOP, referred to as "Taoping") today announced the signing of a Bit Mining Machine Purchase Agreement (from now on referred to as the "Agreement") with Bitmain. According to the agreement, Taoping will spend about 157 million yuan to purchase the S19jPro Ant Bit Mining Machine with a total computing power of 300,000 TH/s from Bitmain and deliver it in installments in August 2021. The funds for this purchase will come from the bank credit line guaranteed by Mr. Lin Jianghuai, Chairman and CEO of Taoping's board of directors, with personal real estate as a guarantee.
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