Movers and SHAKERS
TAAL Distributed Information Technologies (TAALF)
Completes Data Center Acquisition; Preliminary 4Q21 Results
Taal Distributed Information Technologies Inc delivers value-added blockchain services, providing professional-grade, highly scalable blockchain infrastructure and transactional platforms to support businesses building solutions and applications upon the Bitcoin SV platform, and developing, operating, and managing distributed computing systems for enterprise users.
Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.
Joshua Zoepfel, Research Associate, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Data Center. TAAL has completed the acquisition of the 60,000 sq/ft facility in Grand Falls, New Brunswick. The new facility will enable TAAL to mine Bitcoin on an industrial scale. Once filled to capacity, TAAL will be able to power up to 2 Eh/s of Bitcoin mining. Notably, the 50 MW of energy to be supplied to power the operations is over 40% from renewable energy.
Preliminary 4Q21 Results. For the fourth quarter, TAAL expects consolidated revenue to be in the range of $13.75 million and $14.25 million. This is up from the $12.4 million generated in the third quarter and would represent the fifth consecutive quarterly revenue increase. We were estimating 4Q21 revenue to come in at $13.6 million ...
This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.