Taal Distributed Info Techs Inc (fka TAALF)

[fromtheuk]

TAAL reported Q3 financial results:

Gross revenues of approximately $12.4 million for the quarter, which exceeded the Company's previously issued guidance of $11.5 to $12 million

Revenues increased by over 80% over the previous quarter

Adjusted EBITDA for the quarter was $3.9 million, representing an increase of 500% over previous quarter

TAAL processed over 52 million transactions on BSV in the quarter, earning $411,000 from transaction processing fees, or 3% of total quarterly revenues

As of September 30, 2021, TAAL held approximately 69,000 BitcoinSV ("BSV") in treasury, compared to the 75,000 in the issued guidance; this decrease was due to funding additional deposits related to operations

Future growth secured as deposits for plant and equipment increased to $22.1 million compared to $9.3 million in the previous quarter as the company purchases mining equipment and infrastructure.