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Friday, 14 May 2021 08:35 GMT

Reverse Triangular Merger Creates Largest Publicly Traded Ethereum Mining Company


(MENAFN - Baystreet.ca) A Virginia-based tech firm just announced the closing of a reverse triangular merger with TTM Digital Assets & Technologies, Inc. TTM is a data center owner and operator and now, is the largest U.S. publicly traded Ethereum mining company after Sysorex Inc. (OTCQB:SYSX) completed the merger.

Sysorex provides information technology and telecommunications solutions and services to enable its customers to manage, protect, and monetize their enterprise assets whether on-premises, in the cloud or via mobile technology primarily in the United States. Its products and services are grouped into Professional Services and IT Solutions.

Its products include third party hardware, software, and related maintenance and warranty products and services that it resells from brands such as Cisco (NASDAQ:CSCO), Hewlett Packard Enterprises (NYSE:HPE), Microsoft, (NASDAQ:MSFT) Dell (NYSE:DELL), Samsung, Fujitsu, Panasonic, and Lexmark.

Traders were extremely bullish on the news as shares, after opening up at $1.62/share, got up to an early session high of $6.70/share (+529.1%). This move is a huge win for long term shareholders as the stock has come from a 52-week low of just $0.11/share.

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