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TAAL increases transaction processing capacity with purchase of 3,000 Bitmain S19J Pro blockchain computers

  • Additional 3,000 new, state of the art blockchain computers anticipated for deployment in Q1 2022, costing approximately US$19 million
  • In addition to the 1000 Bitmain S19j Pro blockchain computers due for deployment in December 2021
  • TAAL’s hash rate for the end of June is anticipated to be at least 450 PH/s, ahead of stated goals

Vancouver, British Columbia; May 21, 2021 – TAAL Distributed Information Technologies Inc. (CSE:TAAL | FWB:9SQ1 | OTC:TAALF) (“TAAL” or the “Company”), a vertically integrated blockchain infrastructure and service provider for enterprise, today announces it 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% 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% of the power required by BTC, 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% of that consumed on the BTC chain. And, of all the transactions processed on the BitcoinSV network in April of this year, over 60% were processed by TAAL.(source:whatsonchain.com). With an additional 3,000 pro-computers we continue building the capacity to be able to meet demand at scale,” comments Stefan Matthews, TAAL Executive Chairman, and Chief Executive Officer.

About TAAL Distributed Information Technologies Inc.

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.

Visit TAAL online at www.taal.com

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