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On April 15, 2021, TAAL Distributed Information Technologies (CSE: TAAL, OTC: TAALF) announced that its president, Chris Naprawa, will present live at VirtualInvestorConferences.com. The event, scheduled for 12:30 PM ET, allows real-time questions from investors. TAAL recently closed an oversubscribed offering of approximately $40 million and achieved a new world record of processing a 638MB blockchain on BitcoinSV. The company aims for a computing power target of 400 PH by the end of 2021.
TAAL Distributed Information Technologies Inc. has appointed David Allen, CPA, CA as the new Chief Financial Officer effective February 1, 2021. Transitioning from Senior Financial Consultant, Allen brings over 30 years of financial and leadership experience from various sectors, including his previous role at Canada Goose Inc. where he oversaw financial management during the company's public transition. TAAL aims to leverage his expertise to accelerate growth within the blockchain infrastructure sector, supporting businesses on the Bitcoin SV platform.
TAAL Distributed Information Technologies has appointed Chris Naprawa as President and Stefan Matthews as CEO, effective October 12, 2020. Naprawa brings extensive experience from Khiron Life Sciences, where he raised over $80 million. Matthews will lead the company from Zug, Switzerland, focused on enhancing TAAL's blockchain services. Jerry Chan has been named Chief Product Officer, tasked with driving TAAL's product vision on the Bitcoin SV platform. The company aims to develop scalable blockchain solutions for enterprise clients.
TAAL Distributed Information Technologies (CSE: TAAL) has acquired WhatsOnChain Limited for £2 million, paying through 1,739,882 common shares priced at $1.97. This acquisition enhances TAAL's blockchain technology portfolio and aims to offer differentiated enterprise services. WhatsOnChain's blockchain explorer technology will improve transparency and user accessibility in BSV transactions. The founding team will remain committed to TAAL with lock-up agreements tied to performance milestones. This strategic move is expected to create new revenue channels and strengthen TAAL's market position in the blockchain industry.
TAAL Distributed Information Technologies Inc. (CSE: TAAL, OTCQX: TAALF) reported its Q2-2020 financial results, highlighting a 62.7% decline in gross revenue to $1,604,452 compared to $4,304,627 in 2019. This decline is attributed to the termination of hashing operations. However, total gross revenue for the six months reached $7,608,956, a 76.8% increase. Operating expenses rose to $2,287,655, resulting in a net loss of $2,425,520. TAAL maintains a working capital of $14,363,983, indicating significant liquidity.
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