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Taal Distributed Information Technologies Inc
Symbol TAAL
Shares Issued 13,822,998
Close 2021-01-14 C$ 3.10
Market Cap C$ 42,851,294
Recent Sedar Documents

Taal begins blockchain operations at Alberta facility

2021-01-14 10:02 ET - News Release

Mr. Stefan Matthews reports

TAAL ANNOUNCES SUCCESSFUL FIRST PHASE DEPLOYMENT OF BLOCKCHAIN COMPUTER POWER AT ALBERTA FACILITY

Taal Distributed Information Technologies Inc. has begun blockchain infrastructure operations at its facility in Alberta, Canada, marking a significant step in bringing on power to support the future of enterprise-scale transaction processing.

"We are pleased to mark this important first step in reaching our operational infrastructure milestone for 2021. Despite the global pandemic challenges, we have successfully begun Taal's next-generation blockchain infrastructure operations in Alberta, Canada, on schedule. This brings on-line trusted, compliant blockchain transaction solutions for global enterprise clients," comments Stefan Matthews, Taal chief executive officer and executive chairman.

As announced on Nov. 17, 2020, and Dec. 23, 2020, Taal's recently purchased blockchain computers will help provide the required computing power for enterprise clients to achieve business advantages using Taal transaction processing services. Taal will continue to deploy further its newly acquired computing power throughout 2021 as scheduled, which will allow Taal to support transaction volume growth and meet scalability requirements by clients processing transactions through Taal on the Bitcoin SV blockchain.

About Taal Distributed Information Technologies Inc.

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

We seek Safe Harbor.

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