Under the leadership of CEO Richard Baker, the team has effectively navigated unprecedented global macro market pressures, geopolitical events in Europe with global impact, and the price decrease in coin markets, which in combination had material impacts for TAAL.
Nvidia also reported that its digital currency-specific products drove a 52% decline in other revenue, given that their revenue during the quarter was "nominal."
TAAL called 2021 "a year of growth and execution," saying it would invest the additional income in developing new products, including value-added services for blockchain-based enterprise clients.
Cryptocurrency exchange Coinbase lost close to half-a-billion dollars in the first quarter of 2022, which helped push its stock price down to less than one-fifth of the all-time high set a little over one year ago.
Fiscal 2021 was a year of growth and execution for TAAL, which has progressed as a vertically integrated blockchain technology company growing hashing operations to increasing subsidy revenues.
