DJ 2CRSi supplies computing power to fintech specialist Coin Citadel for close to $6m
2CRSi SA
2CRSi supplies computing power to fintech specialist Coin Citadel for close
to $6m
23-Dec-2020 / 20:19 CET/CEST
Dissemination of a French Regulatory News, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
Press release
2CRSi supplies computing power
to fintech specialist Coin Citadel for close to $6m
San Jose (United States), December 23, 2020 - 2CRSi (ISIN: FR0013341781), a
manufacturer of high-performance, energy-efficient computer servers,
announces it has been selected by the US digital currency and blockchain
company Coin Citadel to provide additional green computing power.
In relation to the Group's focus on key verticals, among which finance,
2CRSi will supply the US fintech company Coin Citadel (OTC:CCTL) with
additional computing power. In order to meet Coin Citadel's need for green
and cost-effective servers, 2CRSi has selected Octopus 1.4 servers with 2
CPU and 4 GPU. This first order represents a total amount of close to 6
million US dollars.
Coin Citadel is a US-based technology company specialized in providing
computing capacity for digital currency mining, and which has more recently
evolved to also support peer-to-peer payment and blockchain. The additional
GPU/CPU computing power provided by 2CRSi will double the company's existing
capacity and complement its ASIC miners.
Thomas Pillsworth, Coin Citadel CEO, comments: "Global demand for computing
is rapidly changing. With the digitalization of finance, more and more
dedicated hardware will be required to support this fast growth. We could
not be happier to partner with a specialist like 2CRSi to grow our own
capacity."
"In order to support the digitization of financial instruments, Coin Citadel
is making a significant investment in additional computing capacity which is
also environment-friendly. This first order is a recognition of the perfect
match between 2CRSi solutions and the finance industry's needs and
expectations.", adds Alain Wilmouth, Chairman and co-founder of 2CRSi.
As per the terms of agreement, the new servers will be delivered by the end
of January 2021.
This new agreement in the United States is yet another commercial success
for 2CRSi, further reinforcing the Group's confidence in its positive sales
momentum.
- END -
About 2CRSi
Founded in Strasbourg (France), 2CRSi group develops, produces and sells
high-performance customised and environment-friendly servers. In the
financial year 2019/2020, the Group achieved pro forma turnover of
€141.1m. The Group today has approximately 350 employees and markets its
offer of innovative solutions (processing, storage and network) in more than
50 countries. 2CRSi has been listed since June 2018 on the regulated market
of Euronext in Paris (ISIN Code: FR0013341781) and is included in the
European Rising Tech label. For further information please visit:
www.2crsi.com [1]
Contacts
2CRSi Actifin Actifin
Marie de Lauzon Simon Derbanne Jennifer Jullia
COO Financial Communication Financial PR
investors@2crsi.com sderbanne@actifin.fr jjullia@actifin.fr
+33 3 68 41 10 70 + 33 1 56 88 11 14 + 33 1 56 88 11 19
Regulatory filing PDF file
File: PDF EN [2]
Language: English
Company: 2CRSi SA
32, rue Jacobi-Netter
67200 Strasbourg
France
Phone: +33 3 68 41 10 70
E-mail: investors@2crsi.com
Internet: www.2crsi.com
ISIN: FR0013341781
Euronext 2CRSI
Ticker:
AMF Category: Inside information / Issuer activities (acquisitions,
sales...)
EQS News ID: 1157319
End of Announcement EQS News Service
1157319 23-Dec-2020 CET/CEST
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(END) Dow Jones Newswires
December 23, 2020 14:19 ET (19:19 GMT)
