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Taal Distributed Information Technologies Inc
Symbol TAAL
Shares Issued 35,829,510
Close 2021-05-20 C$ 4.25
Recent Sedar Documents

Taal Distributed purchases 3,000 blockchain computers

2021-05-21 10:48 ET - News Release

Mr. Stefan Matthews reports

TAAL INCREASES TRANSACTION PROCESSING CAPACITY WITH PURCHASE OF 3,000 BITMAIN S19J PRO BLOCKCHAIN COMPUTERS

Taal Distributed Information Technologies Inc. has purchased 3,000 new Bitmain S19j Pro blockchain computers, further expanding the company's capacity to enable enterprise transaction processing. The computers are expected to be deployed in Q1 2022.

With this purchase, the company confirms it will easily exceed operational guidance reported on April 30, 2021, anticipating winning at least 30 BitcoinSV (BSV) blocks per day attributed to Taal, once deployed.

BitcoinSV blockchain transaction volume continues to accelerate with BSV processing 30 per cent more transactions than BTC per daily average (as of May 19, 2021), according to CoinDance. BSV leads all other blockchains in energy efficiency, consuming less than 1 per cent of the power required by BTC (bitcoin), according to Coin Carbon Cap data.

"BitcoinSV is processing more transactions than BTC on any given day and with an environmental footprint that is under 1 per cent of that consumed on the BTC chain. And, of all the transactions processed on the BitcoinSV network in April of this year, over 60 per cent were processed by Taal [source: the WhatsOnChain website]. With an additional 3,000 pro-computers, we continue building the capacity to be able to meet demand at scale," commented Stefan Matthews, Taal's executive chairman and chief executive officer.

About Taal Distributed Information Technologies Inc.

Taal Distributed Information Technologies delivers value-added blockchain services, providing professional-grade, highly scalable blockchain infrastructure and transactional platforms to support businesses building solutions and applications upon the BitcoinSV platform as well as developing, operating and managing distributed computing systems for enterprise users.

We seek Safe Harbor.

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