Taoping (NASDAQ:TAOP) +4% premarket, announced that its subsidiary, Taoping Capital Limited, established a wholly-owned Kazakh subsidiary, Kazakh Taoping Data Center Co. Ltd. to invest in the construction of cryptocurrency mining data center in Kazakhstan. The company has approved a $3.2M investment in Kazakh Taoping. Kazakh Taoping intends to complete the first phase of the construction of the cryptocurrency mining data center with a total capacity of 40MW within six months. “The establishment of Kazakh Taoping is of great significance to our overseas business expansion,” said Mr. Jianghuai Lin, Chairman and CEO of TAOP. “Kazakhstan is a growing hub for cryptocurrency mining, we believe the completion and operation of the project will create greater value for our shareholders and clients.”