TORONTO, Dec. 7, 2021 /CNW/ - TAAL Distributed Information Technologies Inc. (CSE: TAAL) (FWB: 9SQ1) (OTC: TAALF) ("TAAL" or the "Company"), a vertically integrated blockchain infrastructure and service provider for enterprise, announced today it will be participating in the Lytham Partners Winter 2021 Investor Conference taking place from December 13-16, 2021. TAAL will participate in a webcasted Fireside Chat on Monday, December 13, 2021, where the Company will discuss its vision for 2022. The Company will also be conducting 1x1 virtual investor meetings over the course of the three day conference.
The webcasted Fireside Chat will be available for viewing at 11:00am ET on Monday, December 13, 2021, on the Company's website at https://www.taal.com/investors/ or
https://wsw.com/webcast/lytham3/taal/2012740. The webcast will also be available for replay following the event.
Recently Announced TAAL Highlights
Q3 2021 gross revenues of approximately $12.4 million and earnings of $0.06/share, which exceeded the Company's previously issued guidance of $11.5 to $12 million
Q3 revenues increased by over 80% over the previous quarter
Adjusted EBITDA for Q3 was $3.9 million, representing an increase of 500% over previous quarter
Processed over 52 million transactions on BSV in Q3, earning $411,000 from transaction processing fees, or 3% of total quarterly revenues
Entered into agreement to purchase cornerstone 60,000 sq/ft Facility in New Brunswick, Canada to mine Bitcoin at an industrial scale
The 50-MW facility will power up to 2 Eh/s of clean energy bitcoin mining capacity
For more information and to subscribe to receive company updates and financial information, visit https://www.taal.com/investors/
The CSE, nor its Regulation Services Provider, accepts no responsibility for the adequacy or accuracy of this release.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION
Certain statements included in this news release constitute "forward-looking information" as defined under applicable Canadian securities legislation. The words "will", "intends", "expects" and similar expressions are intended to identify forward-looking information, although not all forward-looking information will contain these identifying words. Specific forward-looking information contained in this news release includes but is not limited to statements regarding: the anticipated acquisition of the New Brunswick facility] . These statements are based on factors and assumptions related to historical trends, current conditions and expected future developments. Since forward-looking information relates to future events and conditions, by its very nature it requires making assumptions and involves inherent risks and uncertainties. TAAL cautions that although it is believed that the assumptions are reasonable in the circumstances, these risks and uncertainties give rise to the possibility that actual results may differ materially from expectations. Material risk factors include delays in equipment deliver, expected operation, network conditions in the future and other risks set out in TAAL's Annual Information Form for the financial year ended December 31, 2020 dated April 30, 2021 under the heading Risk Factors and elsewhere in TAAL's continuous disclosure filings available on SEDAR at www.sedar.com. Given these risks, undue reliance should not be placed on the forward-looking information contained herein. Other than as required by law, TAAL undertakes no obligation to update any forward-looking information to reflect new information, subsequent or otherwise.
SOURCE Taal Distributed Information Technologies Inc.
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