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Sysorex Provides Update on Strategic Transaction
Sysorex Provides Update on Strategic Transaction
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.
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.
弗吉尼亚州赫恩登,2022年2月10日(Global Newswire)-Sysorex,Inc.(OTCQB:SYSX),一家专注于以太挖掘和区块链技术应用的数据中心所有者/运营商,以及根据与美国政府机构签订的合同提供商品和服务的公司,今天宣布,它计划将某些资产出售给另一家公司,以换取估值远远高于公司市值的股权。
"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首席执行官韦恩·瓦瑟伯格表示:“去年Sysorex与TTM Digital Assets&Technologies,Inc.进行反向合并后,Sysorex的毛收入大幅增长,其未来收入创造和增长的前景也很稳固。该公司还增加了其GPU资产组合,完成了对其数据中心的收购,并完成了对NFT市场的战略投资。然而,我们的普通股交易价格仍然远低于业务的实际价值。因此,我们认为最好的行动方案是推进这笔旨在为股东释放价值的交易,”Sysorex首席执行官韦恩·瓦瑟伯格说。
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.
Sysorex在宣布这一消息时指出,不能保证预期的交易将导致交易完成,但预计交易将在本月晚些时候或3月初完成。
ABOUT SYSOREX, INC.
关于Sysorex公司
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,Inc.(“公司”)是一家数据中心所有者和运营商,是美国最大的上市以太采矿和区块链技术公司之一。公司目前拥有和运营数千个NVIDIA图形处理单元(“GPU”),以及数百个专门的加密货币挖掘处理器(“CMP”)(统称为“GPU”)。这些GPU目前已上线,并确保以太区块链的安全,并以行业领先的效率全天候生成ETH。除了开采以太之外,该公司还继续经营其全资子公司Sysorex政府服务公司(“SGS”),这是一家向联邦、州和地方政府,包括系统集成商提供信息技术产品、解决方案和服务的企业。
Sysorex Contacts
Sysorex联系人
Investor Relations:
Crescendo Communications, LLC
Tel: +1 212-671-1020
Email: SYSX@crescendo-ir.com;
ir@ttmdigitalassets.com
投资者关系:
Cresendo Communications,LLC
电话:+1212-671-1020
电子邮件:sysx@cresendo-ir.com;
邮箱:ir@ttmdigitalassets.com
Safe Harbor Statement
安全港声明
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.
本新闻稿中所有不以历史事实为基础的陈述均为“前瞻性陈述”,符合1995年“私人证券诉讼改革法”和修订后的1933年“证券法”第27A节和1934年修订的“证券交易法”第21E节的规定。虽然管理层将本新闻稿中包含的任何前瞻性陈述建立在其当前预期的基础上,但这些预期所基于的信息可能会发生变化。这些前瞻性陈述依赖于对未来事件的一些假设,并受到许多风险、不确定因素和其他因素的影响,其中许多因素不在Sysorex及其子公司的控制范围之内,这些因素可能会导致实际结果与这些陈述大不相同。此类风险、不确定因素和其他因素包括但不限于:它参与评估战略选择的过程;任何战略交易的条款、时机、结构、收益和成本,以及一项战略交易是否会完成;任何战略交易对公司的影响;经济状况的波动;新冠肺炎对Sysorex运营结果和全球供应链限制的影响;Sysorex将最近收购的产品和业务整合到现有业务并有效管理此类收购的增长的能力;管理层和员工的表现;我们可能受到的任何诉讼、监管程序、询问或调查的结果;根据需要获得融资的能力;竞争;一般经济状况和其他因素,这些因素在Sysorex的定期和当前报告中有详细介绍,可在Sec.gov上查阅。此外,Sysorex在竞争激烈和快速变化的环境中运营,可能会出现新的和意想不到的风险。因此,投资者不应依赖前瞻性陈述作为对实际结果的预测。Sysorex没有任何更新或修改前瞻性陈述的意图,也不承担任何义务。
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moomoo是Moomoo Technologies Inc.公司提供的金融信息和交易应用程序。
在美国,moomoo上的投资产品和服务由Moomoo Financial Inc.提供,一家受美国证券交易委员会(SEC)监管的持牌主体。 Moomoo Financial Inc.是金融业监管局(FINRA)和证券投资者保护公司(SIPC)的成员。
在新加坡,moomoo上的投资产品和服务是通过Moomoo Financial Singapore Pte. Ltd.提供,该公司受新加坡金融管理局(MAS)监管(牌照号码︰CMS101000) ,持有资本市场服务牌照 (CMS) ,持有财务顾问豁免(Exempt Financial Adviser)资质。本内容未经新加坡金融管理局的审查。
在澳大利亚,moomoo上的金融产品和服务是通过Futu Securities (Australia) Ltd提供,该公司是受澳大利亚证券和投资委员会(ASIC)监管的澳大利亚金融服务许可机构(AFSL No. 224663)。请阅读并理解我们的《金融服务指南》、《条款与条件》、《隐私政策》和其他披露文件,这些文件可在我们的网站 https://www.moomoo.com/au中获取。
在加拿大,通过moomoo应用提供的仅限订单执行的券商服务由Moomoo Financial Canada Inc.提供,并受加拿大投资监管机构(CIRO)监管。
在马来西亚,moomoo上的投资产品和服务是通过Moomoo Securities Malaysia Sdn. Bhd. 提供,该公司受马来西亚证券监督委员会(SC)监管(牌照号码︰eCMSL/A0397/2024) ,持有资本市场服务牌照 (CMSL) 。本内容未经马来西亚证券监督委员会的审查。
Moomoo Technologies Inc., Moomoo Financial Inc., Moomoo Financial Singapore Pte. Ltd., Futu Securities (Australia) Ltd, Moomoo Financial Canada Inc.,和Moomoo Securities Malaysia Sdn. Bhd.是关联公司。
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