Latest news with #JerryTang
Yahoo
3 days ago
- Business
- Yahoo
Signing Day Sports executes definitive agreement with BlockchAIn Digital
Signing Day Sports (SGN) announced the signing of a definitive business combination agreement to acquire 100% of the issued and outstanding membership interest of One Blockchain, which will operate a crypto mining, AI and HPC data hosting company with plans for 200MW in total power capacity from facilities in South Carolina and Texas. The proposed transaction was previously announced on April 14, 2025 following the signing of a non-binding letter of intent. The transaction will be effected through a holding company structure, whereby Signing Day Sports and One Blockchain will become subsidiaries of BlockchAIn Digital Infrastructure. The transaction between One Blockchain and Signing Day Sports is expected to result in the combined company being traded on the NYSE American. Signing Day Sports will not be required to make any cash payment to One Blockchain or its securityholders in connection with the transaction. One Blockchain will continue to operate under blockchAIn DI's management team led by Chairman and CEO Jerry Tang. In 2024, blockchAIn Digital Infrastructure generated audited revenue of approximately $26.8M and net income of approximately $5.7M. The business combination will be effectuated through a holding company structure, whereby Signing Day Sports and One Blockchain will become subsidiaries of PubCo through merger transactions. Under the BCA, the consideration to be paid at closing to the securityholders of One Blockchain will be comprised of PubCo common shares with a value of approximately $215M, subject to an exchange ratio and other certain adjustments, at an implied diluted value per share for PubCo of $5.12. Upon the closing of the business combination, the stock held by the stockholders of Signing Day Sports immediately before the closing of the transaction will be converted into the right to receive approximately 8.5% of the outstanding common stock of the combined company, and the equity securities of One Blockchain held by One Blockchain's equity securityholders immediately before the closing of the transaction will be converted into the right to receive approximately 91.5% of the outstanding common shares of the combined company before fees and commissions to third parties. The board of directors of PubCo post-transaction will be comprised of no less than five and no greater than seven directors. At least one director will be designated by Signing Day Sports, and One Blockchain will designate the remaining directors. The BCA also includes an earnout, in which additional PubCo shares equaling 11.628% of the total number of shares of PubCo issued to One Blockchain's securityholders at closing will be issued to such former One Blockchain securityholders. The Earnout Shares will be issued if PubCo achieves or exceeds net income plus interest, taxes, depreciation and amortization of $25M for the fiscal year ending December 31, 2026. The boards of both companies have unanimously approved the signing of the BCA. The proposed transaction is expected to close late in the second half of 2025, subject to satisfying certain customary closing conditions, including the receipt of approvals from Signing Day Sports' shareholders and the listing of PubCo registered common shares on the NYSE American. The Business Combination Agreement contains customary representations, warranties and covenants made by Signing Day Sports and One Blockchain, including covenants that both parties use their commercially reasonably efforts to cause the transactions contemplated by the agreement to be completed, regarding obtaining the requisite approval of Signing Day Sports' shareholders, regarding indemnification of directors and officers, and regarding Signing Day Sports' and One Blockchain's conduct of their respective businesses between the date of signing of the BCA and the closing. The BCA also contains certain termination rights for both Signing Day Sports and One Blockchain. The Signing Day Sports board of directors has recommended to Signing Day Sports shareholders that they vote to approve the BCA and the transaction. Signing Day Sports also received a fairness opinion in connection with the transaction. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See today's best-performing stocks on TipRanks >> Read More on SGN: Disclaimer & DisclosureReport an Issue Signing Day Sports Awards Executive Bonuses Signing Day Sports Celebrates Successful Army Bowl Series Signing Day Sports Announces Intent to Acquire Blockchain Firm Signing Day Sports signs LOI to acquire blockchAIn Digital Infrastructure Signing Day Sports Reports 100% Revenue Growth
Miami Herald
4 days ago
- Business
- Miami Herald
Atlas Cloud Launches High-Efficiency AI Inference Platform, Outperforming DeepSeek
Developed with SGLang, Atlas Inference surpasses leading AI companies in throughput and cost, running DeepSeek V3 & R1 faster than DeepSeek themselves. NEW YORK CITY, NEW YORK / ACCESS Newswire / May 28, 2025 / Atlas Cloud, the all-in-one AI competency center for training and deploying AI models, today announced the launch of Atlas Inference, an AI inference platform that dramatically reduces GPU and server requirements, enabling faster, more cost-effective deployment of large language models (LLMs). Atlas Inference, co-developed with SGLang, an AI inference engine, maximizes GPU efficiency by processing more tokens faster and with less hardware. When comparing DeepSeek's published performance results, Atlas Inference's 12-node H100 cluster outperformed DeepSeek's reference implementation of their DeepSeek-V3 model while using two-thirds of the servers. Atlas' platform reduces infrastructure requirements and operational costs while addressing hardware costs, which represent up to 80% of AI operational expenses. "We built Atlas Inference to fundamentally break down the economics of AI deployment," said Jerry Tang, Atlas CEO. "Our platform's ability to process 54,500 input tokens and 22,500 output tokens per second per node means businesses can finally make high-volume LLM services profitable instead of merely break-even. I believe this will have a significant ripple effect throughout the industry. Simply put, we're surpassing industry standards set by hyperscalers by delivering superior throughput with fewer resources." Atlas Inference's performance also exceeds major players like Amazon, NVIDIA and Microsoft, delivering up to 2.1 times greater throughput using 12 nodes compared to competitors' larger setups. It maintains sub-5-second first-token latency and 100-millisecond inter-token latency with more than 10,000 concurrent sessions, ensuring a scaled, superior experience. The platform's performance is driven by four key innovations: Prefill/Decode Disaggregation: Separates compute-intensive operations from memory-bound processes to optimize efficiencyDeepExpert (DeepEP) Parallelism with Load Balancers: Ensures over 90% GPU utilizationTwo-Batch OverlapTechnology: Increases throughput by enabling larger batches and utilization of both compute and communication phases simultaneouslyDisposableTensor Memory Models: Prevents crashes during long sequences for reliable operation "This platform represents a significant leap forward for AI inference," said Yineng Zhang, Core Developer at SGLang. "What we built here may become the new standard for GPU utilization and latency management. We believe this will unlock capabilities previously out of reach for the majority of the industry regarding throughput and efficiency." Combined with a lower cost per token, linear scaling behavior, and reduced emissions compared to leading vendors, Atlas Inference provides a cost-efficient and scalable AI deployment. Atlas Inference works with standard hardware and supports custom models, giving customers complete flexibility. Teams can upload fine-tuned models and keep them isolated on dedicated GPUs, making the platform ideal for organizations requiring brand-specific voice or domain expertise. The platform is available immediately for enterprise customers and early-stage startups. About Atlas Cloud Atlas Cloud is your all-in-one AI competency center, powering leading AI teams with safe, simple, and scalable infrastructure for training and deploying models. Atlas Cloud also offers an on-demand GPU platform that delivers fast, serverless compute. Backed by Dell, HPE, and Supermicro, Atlas delivers near instant access to up to 5,000 GPUs across a global SuperCloud fabric with 99% uptime and baked-in compliance. Learn more at SOURCE: Atlas Cloud press release
