Taal Distributed Info Techs Inc (fka TAALF)

[fromtheuk]

Fins out

https://www.sedar.com/GetFile.do?lang=EN&docClass=8&issuerNo=00036887&issuerType=03&projectNo=03376467&docId=5192594

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.