Taal Distributed Information Technologies Inc. (C:TAAL*CA)

Business Focus: Cloud Computing Services

Sector:  Technology Industry:  IT Services & Consulting
See Regulatory Filings on SEDAR
Company Contact
Address: 2600 - 595 Burrard St
Tel: N/A
Website: squiremining.com
IR: See website
Key People
Stefan Matthews
Chairman of the Board
Jerry Chan
President, Chief Executive Officer
Satoshi Kitahama
Chief Financial Officer
Angela Holowaychuk
Chief Operating Officer, Director
Yevgeniy Meshcherekov
Vice President - Finance
Conrad Druzeta
General Counsel
Matthew Whitcomb
Head of Investor Relations
Joseph Chin
Melissa Martensen
Corporate Secretary
Business Overview
Taal Distributed Information Technologies Inc, formerly known as Squire Mining Limited, is a Canada-based technology company. The Company, through its subsidiaries is engaged in the business of developing and operating cloud computing data infrastructure and system technology. The Company is engaged in the development and manufacturing operation of data mining infrastructure and system technology to support global blockchain applications in the mining space. It operates in four business divisions: Hardware, Infrastructure, Software and Services. It offers its technology to support global blockchain application related to application specific integrated circuit (ASIC) chips and mining rigs to mine Bitcoin Satoshi Vision (SV), Bitcoin Core and other associated SHA-256-derived cryptocurrencies and assets.
Financial Overview
For the six months ended 30 June 2020, TaalDistributed Information Techs Inc revenues increased 77% toC$7.6M. Net loss increased from C$1.2M to C$3.2M. Revenuesreflect Digital assets earned increase of 23% to C$5.3M.Higher net loss reflects Management fees, salaries andwages increase from C$538K to C$1.5M (expense), Office andadministration increase from C$110K to C$455K (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $22.48M as of Jun 30, 2020
Annual revenue (TTM): $20.45M as of Jun 30, 2020
EBITDA (TTM): $0.35M as of Jun 30, 2020
Net annual income (TTM): -$14.40M as of Jun 30, 2020
Free cash flow (TTM): -$3.72M as of Jun 30, 2020
Net Debt Last Fiscal Year: N/A
Shares outstanding: 23,079,761 as of Jun 30, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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