ATLAS TO ACCELERATE ITS GLOBAL EXPANSION AND SEES POSITIVE GROWTH OUTLOOK FOR BTC MINING INDUSTRY BEYOND 2022

SINGAPORE, Jan. 18, 2022 /PRNewswire/ -- Atlas Technology Management Pte. Ltd (Atlas) the Singapore headquartered technology group and one of the world's largest companies in application specific computing has said in its year end note that it expects aggressive growth from its bitcoin mining operations in 2022 and that it sees and abundance of opportunities to expand its services in the face of a Web 3.0 future.

"Atlas is looking to roar into the Year of the Tiger on the back of a successful and transformative 2021. Despite some headwinds and the persistent uncertainty with the COVID pandemic, the investments and partnerships that were made over the past 12 months have, in our minds, uniquely positioned us to seize on opportunities in 2022 for unprecedented growth."

Built for growth

Atlas has full confidence in the long-term growth of the high-performance and application specific computing market. Based on this long-term view, Atlas has designed an aggressive investment strategy across facilities, hardware, and people.

To date, Atlas is operating across multiple countries and regions. Quarterbacked from Singapore, it has built a distributed computing network with operation and management teams in North America, Central Asia (Commonwealth of independent states), and northern Europe.

Atlas has planned to further accelerate its expansion to other regions and markets to be a truly global enterprise. "We are immensely proud of the impact that our operations are having on the communities that we are located. We have catalysed conversations with the public and private sectors for further investment in alternative energy production and infrastructure. And we have hired exceptional talent, and continue to offer local job opportunities in these communities."

The backbone of Atlas' success is the secure supply chain of hardware and understanding of its inventory life cycle to keep its fleet optimized. In 2021, Atlas purchased more than 300,000 ASIC computing servers which will allow it to continue to increase its computing share within the BTC network.

This is not the extent of Atlas' growth, as it pursues plans to acquire more servers over the next two years, as the demand for ASICs and distribute computing services intensifies. As a major player in the server supply chain, Atlas has close relationships with server manufacturers and suppliers, and plans further investment into the supply chain.