DCG new subsidiary to provide capital, advisory services for digital asset mining ecosystem31/8/2020
KUALA LUMPUR, Aug 28 -- Digital Currency Group (DCG) has announced a new wholly-owned subsidiary, Foundry, which will provide capital and advisory services to empower the digital asset mining ecosystem.
DCG has committed to investing over US$100 million into Foundry through 2021. For the first time, miners and manufacturers can access trusted partners and capital resources through the powerful DCG network (US$1 = RM4.171). Foundry offers institutional expertise, capital, and market intelligence to digital asset miners and manufacturers, providing them with the resources to build, maintain, and secure decentralised networks. According to a statement, Mike Colyer, a former Core Scientific executive, was tapped to be Foundry’s chief executive officer. Foundry currently offers three services for the mining ecosystem: equipment financing and procurement; mining and staking; and consulting and advisory services. It is focused on partnering with key players in the mining and staking industry with the goal of creating greater access to digital asset mining, decentralising geographic opportunity, and bringing more legitimacy and transparency to the bitcoin mining ecosystem. Based in New York City, DCG is a global enterprise that builds, buys, and invests in blockchain companies. It is also an investor in more than 160 companies worldwide. More details at dcg.co. -- BERNAMA KUALA LUMPUR, Aug 27 -- Rahi has launched its end-to-end global Platform as a Service (PaaS) called Elevate Subscription Services (ESS) by Rahi.
According to a statement, the service will deliver elastic subscription-based technology frameworks that cover Networking, Security, A/V Collaborations and Managed Services. For now, ESS by Rahi is the only PaaS model available on the market that brings products, solutions, installation and managed services together in a single offering. The ESS by Rahi service model has been designed to provide a quick way to deliver flexibility, agility and scalability. Importantly for organisations, the need for upfront investment, considering various leasing options from multiple vendors, has been removed. Through their extensive industry experience, Rahi will streamline the setup, deployment and managed services for organisations. With its single year elastic scale up or down model, ESS by Rahi is a true subscription model. Rahi estimates that the adoption of PaaS models will improve IT efficiencies by 25 per cent and save, on average, 30 per cent each fiscal year. ESS by Rahi will be rolled out in a select number of locations beginning with San Francisco, New York, London, Paris, Dublin, Berlin, Frankfurt, Munich, Delhi, Mumbai, Pune, Bangalore and Singapore. -- BERNAMA Stonepeak, Digital Edge partner on diversified Asia Pacific data centre platform formation26/8/2020
KUALA LUMPUR, Aug 25 -- Stonepeak Infrastructure Partners (Stonepeak) and a group of seasoned senior executives have formed a diversified, independent data centre platform, Digital Edge, with a focus on acquiring and developing carrier-neutral data centres and related digital infrastructure assets across the Asia Pacific region.
According to a statement, Stonepeak, its investors and the Digital Edge management team have made a US$1 billion equity capital commitment to the platform. (US$1 = RM4.168) The platform is led by Digital Edge's Chief Executive Officer, Samuel Lee – who previously served as President of Equinix’s Asia Pacific business – and several individuals from his prior senior team at Equinix. They are joined by senior executives Jay Park, formerly with Facebook; John Freeman, formerly with Tata Communications; and Jonathan Walbridge, formerly with Macquarie. Based in Singapore, Digital Edge aims to deliver innovative data centre and interconnect solutions in order to make customer deployments easy in complex, evolving environments. Stonepeak has been an active investor in digital infrastructure, with multiple investments across the data centre, fibre and wireless space. Earlier this year, Stonepeak announced the acquisition of Xplornet Communications, the leading provider of broadband connectivity in rural Canada. Over the past three years, the firm has established a presence in Asia Pacific and has been active in infrastructure investments across multiple sectors. -- BERNAMA |
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