HERNDON, Va., Feb. 10, 2022 (GLOBE NEWSWIRE) -- Sysorex, Inc. (OTCQB: SYSX), a data center owner/operator centered on Ethereum mining and blockchain technology applications, and provider of goods and services pursuant to contracts with US Government agencies, today announced that it plans to sell certain assets to another company in exchange for equity valued significantly higher than the Company's market capitalization.
"Following Sysorex's reverse merger with TTM Digital Assets & Technologies, Inc. last year, Sysorex has experienced a substantial increase in gross revenue, and its prospects for future revenue generation and growth are solid. The Company has also increased its asset portfolio of GPUs, completed the acquisition of its datacenter, and closed a strategic investment in an NFT marketplace. Yet, our common stock continues to trade at prices well below the value the business actually holds. Therefore, we believe the best course of action is to advance this transaction, which is designed to unlock value for shareholders," said Wayne Wasserberg, chief executive officer of Sysorex.
Sysorex, in making this announcement, notes that there can be no assurance that the anticipated transaction will result in a closing but expects that the transaction will close later this month or in early March.
ABOUT SYSOREX, INC.
Sysorex, Inc. ("Company") is a data center owner and operator and is one of the largest U.S.-based, publicly traded Ethereum mining and blockchain technology companies. The Company currently owns and operates thousands of NVIDIA Graphics Processing Units ("GPUs"), as well as hundreds of specialized Cryptocurrency Mining Processors ("CMPs") (collectively, "GPUs"). These GPUs are currently online and securing the Ethereum blockchain and generating ETH around the clock with industry leading efficiency. In addition to the mining of Ethereum, the Company continues to operates its wholly-owned subsidiary, Sysorex Government Services, Inc. ("SGS"), a business that provides information technology products, solutions and services to federal, state, and local government, including system integrators.
Sysorex Contacts
Investor Relations:
Crescendo Communications, LLC
Tel: +1 212-671-1020
Email: SYSX@crescendo-ir.com;
ir@ttmdigitalassets.com
Safe Harbor Statement
All statements in this release that are not based on historical fact are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. While management has based any forward-looking statements included in this release on its current expectations, the information on which such expectations were based may change. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of risks, uncertainties and other factors, many of which are outside of the control of Sysorex and its subsidiaries, which could cause actual results to materially differ from such statements. Such risks, uncertainties, and other factors include, but are not limited to, the process in which it engages to evaluate strategic alternatives; the terms, timing, structure, benefits and costs of any strategic transaction and whether one will be consummated at all; the impact of any strategic transaction on the company; the fluctuation of economic conditions; the impact of COVID-19 on Sysorex's results of operations and global supply chain constraints; Sysorex's ability to integrate the products and business from recent acquisitions into its existing business and effectively manage the growth from such acquisitions; the performance of management and employees; the outcomes of any litigation, regulatory proceedings, inquiries or investigations that we may be subject to; the ability to obtain financing as needed; competition; general economic conditions and other factors that are detailed in Sysorex's periodic and current reports available for review at sec.gov. Furthermore, Sysorex operates in a highly competitive and rapidly changing environment where new and unanticipated risks may arise. Accordingly, investors should not place any reliance on forward-looking statements as a prediction of actual results. Sysorex disclaims any intention to, and undertakes no obligation to, update or revise forward-looking statements.
弗吉尼亞州赫恩登,2022年2月10日(Global Newswire)-Sysorex,Inc.(OTCQB:SYSX),一家專注於以太挖掘和區塊鏈技術應用的數據中心所有者/運營商,以及根據與美國政府機構簽訂的合同提供商品和服務的公司,今天宣佈,它計劃將某些資產出售給另一家公司,以換取估值遠遠高於公司市值的股權。
Sysorex首席執行官韋恩·瓦瑟伯格表示:“去年Sysorex與TTM Digital Assets&Technologies,Inc.進行反向合併後,Sysorex的總收入大幅增長,其未來收入創造和增長的前景也很穩固。該公司還增加了其GPU資產組合,完成了對其數據中心的收購,並完成了對NFT市場的戰略投資。然而,我們的普通股交易價格仍然遠低於業務的實際價值。因此,我們認為最好的行動方案是推進這筆旨在為股東釋放價值的交易,”Sysorex首席執行官韋恩·瓦瑟伯格說。
Sysorex在宣佈這一消息時指出,不能保證預期的交易將導致交易完成,但預計交易將在本月晚些時候或3月初完成。
關於Sysorex公司
Sysorex,Inc.(“公司”)是一家數據中心所有者和運營商,是美國最大的上市以太採礦和區塊鏈技術公司之一。公司目前擁有和運營數千個NVIDIA圖形處理單元(“GPU”),以及數百個專門的加密貨幣挖掘處理器(“CMP”)(統稱為“GPU”)。這些GPU目前已上線,並確保以太區塊鏈的安全,並以行業領先的效率全天候生成ETH。除了開採以太之外,該公司還繼續經營其全資子公司Sysorex政府服務公司(“SGS”),這是一家向聯盟、州和地方政府,包括系統集成商提供資訊技術產品、解決方案和服務的企業。
Sysorex聯繫人
投資者關係:
Cresendo Communications,LLC
電話:+1212-671-1020
電子郵件:sysx@cresendo-ir.com;
郵箱:ir@ttmdigitalassets.com
安全港聲明
本新聞稿中所有不以歷史事實為基礎的陳述均為“前瞻性陳述”,符合1995年“私人證券訴訟改革法”和修訂後的1933年“證券法”第27A節和1934年修訂的“證券交易法”第21E節的規定。雖然管理層將本新聞稿中包含的任何前瞻性陳述建立在其當前預期的基礎上,但這些預期所基於的資訊可能會發生變化。這些前瞻性陳述依賴於對未來事件的一些假設,並受到許多風險、不確定因素和其他因素的影響,其中許多因素不在Sysorex及其子公司的控制範圍之內,這些因素可能會導致實際結果與這些陳述大不相同。此類風險、不確定因素和其他因素包括但不限於:它參與評估戰略選擇的過程;任何戰略交易的條款、時機、結構、收益和成本,以及一項戰略交易是否會完成;任何戰略交易對公司的影響;經濟狀況的波動;新冠肺炎對Sysorex運營結果和全球供應鏈限制的影響;Sysorex將最近收購的產品和業務整合到現有業務並有效管理此類收購的增長的能力;管理層和員工的表現;我們可能受到的任何訴訟、監管程式、詢問或調查的結果;根據需要獲得融資的能力;競爭;一般經濟狀況和其他因素,這些因素在Sysorex的定期和當前報告中有詳細介紹,可在Sec.gov上查閱。此外,Sysorex在競爭激烈和快速變化的環境中運營,可能會出現新的和意想不到的風險。因此,投資者不應依賴前瞻性陳述作為對實際結果的預測。Sysorex沒有任何更新或修改前瞻性陳述的意圖,也不承擔任何義務。