Friday, July 15, 2022

TAAL Distributed Information Technologies (TAALF)
Getting More Machines

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 BitcoinSV 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.

More Machines. On Wednesday, TAAL’s management announced that the Company will be acquiring 968 Bitmain S19J Pro machines that will be housed in a New Mexico facility and use immersion cooling to optimize performance. The majority of the facility will be powered by non-carbon emitting solar energy, and the machines will immediately begin to hash upon agreement inception. For processing power, the machines will give TAAL an additional 100 petahash/second.

New Brunswick Facility. The New Mexico facility is acting as a test bed ahead of final design plans for the Company’s flagship 50MW site in Grand Falls, New Brunswick, which is due to come online in 2023. Recall, the Company closed on the 60,000 square foot facility in December of 2021 and is expected to have a mining capacity of 2 exahash alone. Once online, we expect the facility to be a major impact towards the Company’s top line and be a big leap for TAAL moving forward….

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.