Ethereum Mining and Blockchain Company TTM Digital Assets & Technologies Enters Into Triangular Reverse Merger With Sysorex - Seite 2

Mr. Wasserberg continued, “The historical strategy was to operate TTM similar to an investment fund distributing mined ETH to its investors.  Given the expanded opportunity set presented by Ethereum today including non-fungible tokens (NFTs), development of apps and peer-to-peer financial transactions, and the expectation that future upgrades to the Ethereum network will make Ethereum more scalable, and to further enhance security to support 1,000s of transactions per second, TTM has shifted its strategy to amassing Ethereum in our corporate treasury, providing public shareholders exposure to this asset class as we also expand our platform to unlock value for our new shareholders based on the latest opportunities provided by Ethereum as we position for the exciting future of Ethereum and our business.

“Given our strong position within the cryptocurrency industry and deep relationships with the leading manufactures of GPUs and application-specific integrated circuits (ASICs), we can expand to the mining of Bitcoin and other cryptocurrencies in the future. However, our current mindset is that Ethereum holds several advantages over Bitcoin.  Unlike Bitcoin, which as it has matured, has maintained a conservative stance on technological progress and blockchain usage, Ethereum has embraced progress in on-chain usage allowing for the creation of decentralized applications (dApps) and explosive growth in decentralized finance (DeFi) as programmable money. Given this divergence of approach, we were not surprised last month to see Visa become the first major legacy transaction service provider to settle transactions on top of the Ethereum blockchain.

“We believe the Merger with Sysorex provides our combined company with certain strategic opportunities that we have identified given Sysorex’s relationship with the U.S. Government and the recently announced $2 trillion-plus infrastructure plan and we look forward to exploring new business with SGS.  We also see large opportunities around Ethereum’s flexible network that allows users to build and launch NFTs on top of the framework, which can also be stored on the network, and we are interested in exploring optimization of Artificial Intelligence and Deep Learning and quick image rending in partnership with our significant stakeholder, CoreWeave, Inc.”