TRON Group Inc. acquires Digital Engineering Corporation
Thailand, Bangkok: TRON Group, Inc., has announced the acquisition of Digital Engineering Corporation ("DEC").
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Thailand, Bangkok: TRON Group, Inc., has announced the acquisition of Digital Engineering Corporation (“DEC”).
The global holding company specializing in technology investments is to take over the established Hong Kong-based technology R&D and engineering firm. The acquisition will allow TRON to move day-to-day management of the company’s technology portfolio to the seasoned engineering team of DEC. In addition, TRON will be able to absorb DEC’s current R&D effort in the fields of cryptocurrency, digital wallet security, and data mining optimization.
The completed DEC transaction includes the asset purchase of the previously announced cryptocurrency mining operation in Bangkok, Thailand as well as fifty state-of-the-art crypto-mining machines and all related infrastructure and support technologies, including racks, power supplies, and AC units. The Thai facility includes an established Filecoin and Bitcoin mining infrastructure network with sufficient broadband to accommodate a large-scale cryptocurrency mining operation. The company has ordered an electrical transformer that will allow the Thailand facility to support up to 1,000 mining rigs. The modern energy-efficient transformer will allow TRON to lower electrical costs down to about $0.04/kWh.
DEC will also be managing TRON’s subsidiary, American Crypto Services, Inc., which own a crypto mining facility in the Boise Valley of Idaho. The facility has 1829m2 (6,000 square ft) of warehouse space and has the current capacity of up to 500 mining rigs.
Source: Yahoo Finance
#data mining optimisation#Digital Engineering Corporation#energy efficient transformer#Thailand#TRON Group Inc.