TAAL Distributed Information Technologies Inc. (CSE: TAAL) has released its preliminary revenue guidance for Q4 2021. The blockchain firm is expecting to record consolidated revenue of approximately $13.75 – $14.25 million for the three-month period.
The company also projects to hold 70,000 bitcoin SV by the end of the quarter while it expects to spend $35 million in prepaid deposits on mining equipment, power deposits, and infrastructure for future growth.
Alongside the quarterly guidance, the company also announced the closing of the acquisition of Chief Fuels Inc. Included in the purchase is the indirect ownership of a 60,000 sq. ft. facility in Grand Falls, New Brunswick. With this, the company expects to have access to 50 megawatts of clean energy, which can then power up to 2 Eh/s of Bitcoin mining.
TAAL Distributed Information Technologies last traded at $3.24 on the CSE.
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