
- Announced that its wholly owned subsidiary, Ronin Blockchain Corp., a cryptocurrency mining platform, will be revisited by the Company with a view to evaluate various strategic options for the purpose of reactivating the cryptocurrency mining platform to maximize value for the shareholders of the Company.
- Bitcoin has had a unpresidented run up in value in the last three months from below USD$10,000 to over USD$40,000.
- This may also include without limitation, a share dividend or an alternative similar transaction.
Toronto, Ontario–(January 13, 2021) – Datametrex AI Limited (TSXV: DM) (FSE: D4G) (OTC Pink: DTMXF) (the “Company” or “Datametrex”) is pleased to announce that its wholly owned subsidiary, Ronin Blockchain Corp. (“Ronin”), a cryptocurrency mining platform, will be revisited by the Company with a view to evaluate various strategic options for the purpose of reactivating the cryptocurrency mining platform to maximize value for the shareholders of the Company. This may also include without limitation, a share dividend or an alternative similar transaction.
As part of this strategic review process, Datametrex board and management will collectively review all aspects Ronin to create a strategic plan for the business unit in light of the favourable market conditions which exist for bitcoin and cryptocurrency. Bitcoin has had a unpresidented run up in value in the last three months from below USD$10,000 to over USD$40,000.
According to Forbes[1], a leaked CitiFX report from US banking giant Citibank executive and senior analyst Tom Fitzpatrick has revealed bitcoin could potentially hit a high of $318,000 by December 2021, calling it “21st century gold.” The report was first leaked to the cryptocurrency community by Twitter user “ClassicMacro” in a tweet on November 16, 2020, noting Fitzpatrick is “a big fan of moon targets.”
“With strong run up on Bitcoin, it would prudent for the company and a benefit with our shareholders to complete a full review of Ronin,” said Marshall Gunter, CEO of Datametrex. “Many people within the cryptocurrency space have noted many institutional investors say crypto may be in the middle of a unthinkable rally.”
Read More: https://agoracom.com/ir/DatametrexAI/forums/discussion/topics/752909-datametrex-announces-strategic-review-of-ronin-blockchain/messages/2297543#message