FY 2021 HIGHLIGHTS • Gross revenue from hashing operations was $34,664,905 versus $7,993,449 in the prior year, representing a year over year increase of $26,671,456 or 334%. • Adjusted EBITDA was $3.3 million, up from the $9.6 million loss in the previous year. • Cost of revenue for the year was $15,801,267 (including depreciation and amortization of $2,264,892), compared to $6,878,128 (including amortization of $891,178) in the prior year. • During FY 2021, the Company mined over 162,000 coins on the BSV network and 4,200 coins on the BCH network. • Future growth secured with deposits for plant and equipment of $20.7 million. • TAAL processed over 172 million transactions on the BSV network for the year, earning almost $1 million in additional rewards from transaction processing or 3% of total revenue. • As of December 31, 2021, TAAL held approximately 77,000 BSV coins in treasury, compared to the 70,000 BSV in the issued guidance; this increase was due to additional rented hash remaining online in the fourth quarter.
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