Tuesday, July 12, 2022
TAAL Distributed Information Technologies (TAALF)
More Power Means More Mining
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.
Going Nuclear. TAAL’s management announced yesterday that the Company has entered into a hosting agreement with Lake Parime USA Inc. to provide data center infrastructure and site origination for transforming low-value energy into computing power. The nuclear energy facility, located in Ohio, will host 3,000 S19J Pro bitcoin mining units by the end of September 2022. We view this agreement as a positive development due to higher top-line revenue through adding power for increased mining, along with taking steps in the Company’s risk management, as TAAL is continuing to operate 340 petahash in Siberia, Russia.
Moving Towards the Goal. The facility will have a capacity of 300 petahash/second, and adding TAAL’s current processing power of 550 petahash, gives the Company a total processing power of 850 petahash once all 3,000 units are online (this is not including the machines ordered in the third quarter of 2022). TAAL’s agreement also progresses the Company towards the goal of 2 exahash/second (or equivalent to 2000 petahash) at full deployment. We expect the Company to be near 1 exahash by year-end….
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.
