Blockchain
CCU Record Financial Results for Q1 2022 Including Revenue Growth of 55% Compared to Q1 2021
Toronto, Ontario–(Newsfile Corp. – May 27, 2022) – Canada Computational Unlimited Corp. (TSXV: SATO) (OTCQB: CCPU.F) (“CCU” or “the Company”) is pleased to announce its Q1 2022 financial results for March 31, 2022 (“2022”). All amounts in this news release are in Canadian dollars.
2022 Highlights
- Total revenue of $1,709,266 in Q1 2022 which represents growth of 55% compared to Q1 2021
- Revenue from hosting in Q1 2022 grew 2,928% compared to Q1 2021
- Gross profit excluding depreciation was $610,204 in Q1 2022
- Working capital increase of $603,417 at March 31, 2022, from a working capital of $3,254,131 at December 31, 2021
- Digital assets held at March 31, 2022 was $3,857,548 compared to $1,524,681 at March 31, 2021
“These results are reflective of the Company’s dedication to its continued growth and success in responsible mining. CCU’s mining power at the Center One facility has increased by a 4x factor compared to Q1 2021 and will reach 8x that upon completion. We are on track to reaching full capacity and I am confident that we will continue to deliver shareholder value,“ commented Romain Nouzareth, President and Chief Executive Officer.
Notice
On Tuesday, May 31st at 2PM/EST the Company will be holding its Annual General Meeting which will be hosted virtually to cover recent financial results and company developments. To participate or view the meeting please log into:
www.virtualshareholdermeeting.com/SATO2022.
Q1 2022 Financial Overview
For the three months ended March 31, 2022, the Company recorded a net loss of $2,106,661 compared to a net profit of $887,883 for the three months ended March 31, 2021. A summary of the results are as follows:
| Q1 2022 | Q1 2021 | % change | |||||||
| Revenue | 1,709,266 | 1,102,109 | 55% | ||||||
| Cost of revenue | 1,428,568 | 395,306 | 261% | ||||||
| Gross profit | 280,698 | 706,803 | (60%) | ||||||
| Gain (loss) on use of digital assets | (15,802 | ) | 240,790 | n/a | |||||
| Expenses | (2,327,161 | ) | (257,531 | ) | 804% | ||||
| Operating income (loss) | (2,061,545 | ) | 690,062 | n/a | |||||
| Other (charges) income | (46,268 | ) | (234,004 | ) | (80%) | ||||
| Gain (loss) before income taxes | (2,107,813 | ) | 456,058 | n/a | |||||
| Deferred income taxes | 1,152 | 88,757 | (99%) | ||||||
| Net income (loss) | (2,106,661 | ) | 544,815 | n/a | |||||
| Total comprehensive income (loss) | (2,131,273 | ) | 887,883 | n/a | |||||
| Gross mining profit | 483,226 | 770,451 | (37%) | ||||||
| EBITDA | (1,738,598 | ) | 800,261 | n/a | |||||
| Adjusted EBITDA | (602,057 | ) | 562,269 | n/a |
This news release makes reference to certain measures that are not recognized under IFRS and do not have a standardized meaning prescribed by IFRS. They are therefore not necessarily comparable to similar measures presented by other companies. The Company uses non-IFRS measures including “Adjusted EBITDA” and “EBITDA” as additional information to complement IFRS measures by providing further understanding of the Company’s results of operations from Management’s perspective. A reconciliation of these non-IFRS measures to their nearest IFRS measures is included in the Management’s Discussion and Analysis (“MD&A”) accompanying the unaudited interim consolidated financial statements for the three months ended March 31, 2022 and March 31, 2021 (the “Consolidated Financial Statements”) and should be read in conjunction with the Consolidated Financial Statements.
Consolidated Financial Statements and MD&A
A complete financial reporting package, including the Consolidated Financial Statements and Notes and MD&A, is available on SEDAR at www.sedar.com under CCU’s profile and on the Company’s website at www.ccu.ai.
About Canada Computational Unlimited Corp.
CCU operates a state-of-the-art, carbon-neutral bitcoin mining center with a contract of 20 MW of stable, renewable energy. The Company’s high-density calculation centers are built for high-grade cryptocurrency mining, AI data processing, and fintech infrastructure.
Founded in 2017, CCU is led by technology entrepreneurs, electricity and ventilation experts, network specialists, and Canadian industrialists. Since its inception, the company has pursued a vision of environmental stewardship throughout the mining process. The excess supply of renewable energy in the province of Québec has made this endeavor feasible and a great base for growth. Additional information can be found at www.ccu.ai.
Notice
On Tuesday, May 31st at 2PM/EST the Company will be holding its Annual General Meeting which will be hosted virtually to cover recent financial results and company developments. To participate or view the meeting please log into:
www.virtualshareholdermeeting.com/SATO2022.
For additional information, please contact:
Caroline Klukowski
Tel: 604.260.5490
[email protected]
Keep up-to-date on developments and join our online communities at Twitter, LinkedIn, and YouTube.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Cautionary Statement Regarding Forward-Looking Information
This news release contains certain forward-looking statements, including statements relating to the future performance of the Company, and other statements that are not historical facts. Wherever possible, words such as “may”, “will”, “should”, “could”, “expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict” or “potential” or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect management’s current beliefs and are based on information currently available to management as at the date hereof.
Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. These factors should be considered carefully and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this press release are based upon what management believes to be reasonable assumptions, the Company cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this press release, and the Company assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.
Blockchain
Blocks & Headlines: Today in Blockchain – May 29, 2025 (Vaulta, Fosun, Signing Day Sports, Credit Unions, Gaming Innovations)
Welcome to Blocks & Headlines, your definitive daily briefing on the latest blockchain breakthroughs, cryptocurrency developments, and Web3 innovations. In today’s edition—May 29, 2025—we explore five pivotal stories shaping the decentralized economy:
- FT Analysis: Crypto Regulation and Institutional Adoption
- Signing Day Sports Seals Deal with Blockchain Digital Infrastructure
- Vaulta & Fosun Partner to Power Hong Kong’s Blockchain Backbone
- Transforming Online Gaming: Blockchain’s Next Frontier
- Credit Unions Embrace Blockchain for Trustworthy Financial Services
This op-ed–style roundup delivers concise yet insightful coverage, critical analysis, and expert opinion on each development’s relevance within the broader blockchain and cryptocurrency ecosystem.
1. FT Analysis: Crypto Regulation and Institutional Adoption
Overview. The Financial Times reports on evolving global regulatory landscapes and their impact on institutional cryptocurrency adoption. FT highlights how major funds and asset managers navigate compliance frameworks in the US, EU, and Asia to integrate digital assets into traditional portfolios.
Source: Financial Times
Detailed Analysis. As regulators across jurisdictions craft tailored guidelines—from MiCA in Europe to the SEC’s evolving crypto classifications in the US—institutions face a balancing act between innovation and compliance:
- MiCA’s Market Integrity Measures: New EU rules mandate clear disclosures for stablecoin issuers and exchange operators, raising the bar for consumer protection.
- SEC’s Custody Interpretations: Emerging guidance on digital asset custody models, including qualified custodians versus self-custody frameworks.
- Asia’s Sandbox Approaches: Hong Kong and Singapore expand sandbox programs, offering controlled environments for DeFi and tokenization trials.
Opinion. Regulatory clarity is the linchpin for institutional inflows. While stringent frameworks may seem burdensome, they ultimately foster market confidence and prevent systemic risks. Asset managers should proactively engage with policymakers, leveraging sandbox insights to shape pragmatic, innovation-friendly regulations.
2. Signing Day Sports Seals Deal with Blockchain Digital Infrastructure
Overview. According to TradingView’s Reuters feed, Signing Day Sports has executed a definitive agreement to acquire Blockchain Digital Infrastructure, a profitable data-hosting specialist serving DeFi and NFT platforms.
Source: Reuters via TradingView
Detailed Analysis. The acquisition underscores the rising value of specialized blockchain infrastructure:
- Scalable Data Nodes: Blockchain Digital Infrastructure operates 150+ high-throughput nodes, ensuring low-latency data delivery for real-time sports NFT drops.
- Profitability Metrics: The company reported $32 million in EBITDA last fiscal year, highlighting sustainable revenue in a niche market.
- Strategic Synergies: Signing Day Sports plans to integrate hosted nodes into its upcoming sports collectibles marketplace, guaranteeing seamless token minting during high-traffic events.
Opinion. In Web3, infrastructure is the invisible backbone. For NFT marketplaces and DeFi protocols, node reliability and data throughput directly impact user experience—and ultimately, revenue. This move positions Signing Day Sports to compete at scale, setting a precedent for vertical integration in blockchain hosting.
3. Vaulta & Fosun Partner to Power Hong Kong’s Blockchain Backbone
Overview. Coindesk reports that Vaulta, a leading digital asset platform, is teaming up with Fosun International to develop blockchain infrastructure for Hong Kong’s emerging crypto hub.
Source: CoinDesk
Detailed Analysis. The collaboration aims to build secure, high-performance rails for trading, custody, and tokenization:
- Layer-1 Interoperability: Joint development of a cross-chain protocol connecting Ethereum, Binance Smart Chain, and local DLT frameworks.
- Institutional Custody Solutions: Licensed trust entities under Fosun’s umbrella will offer insured cold-storage services for professional investors.
- Regulatory Cooperation: Partnership includes a liaison with the Hong Kong SFC to ensure compliance with the new Virtual Assets Service Provider (VASP) regime.
Opinion. Asia remains a hotbed for blockchain innovation, but regulatory fragmentation poses hurdles. Vaulta’s alliance with Fosun exemplifies public-private synergy—combining local market expertise, financial strength, and technical know-how to anchor the city’s digital asset ambitions.
4. Transforming Online Gaming: Blockchain’s Next Frontier
Overview. TronWeekly examines how blockchain technologies—especially NFTs and decentralized marketplaces—are redefining online gaming economies.
Source: TronWeekly
Detailed Analysis. Key trends driving gaming’s blockchain revolution:
- Play-to-Earn Economies: Games like Axie Infinity and emergent titles use tokenized rewards and NFT-based assets to create real-world value for players.
- Decentralized Marketplaces: Platforms such as Enjin and Immutable X offer gas-free trading environments for in-game items, enhancing liquidity.
- Cross-Game Asset Portability: Standards like ERC-1155 enable items to move seamlessly between compatible titles, fostering interoperability.
Opinion. Gaming is blockchain’s killer app. Beyond speculative hype, tokenization can democratize game economies, allowing genuine ownership and secondary markets. Developers must, however, tackle scalability and user onboarding frictions—layer-2 solutions and intuitive wallets are essential for mass adoption.
5. Credit Unions Embrace Blockchain for Trustworthy Financial Services
Overview. AP’s business coverage highlights several US credit unions piloting blockchain-based platforms to enhance transaction transparency, reduce settlement times, and cut cross-border remittance fees.
Source: AP News
Detailed Analysis. Examples of credit union blockchain pilots:
- Consortium-Led DLT: A consortium of midwestern credit unions uses a permissioned Hyperledger Fabric network to settle inter-credit-union payments in near real-time.
- Remittance Solutions: Deployment of Stellar-based rails reduces remittance costs by up to 60%, benefiting diaspora communities.
- Member Identity Management: Verifiable credential systems streamline KYC processes, reducing onboarding time from days to hours.
Opinion. As community-focused institutions, credit unions can leverage blockchain to reassert their value proposition—offering cost-effective, transparent services that rival large banks and fintechs. Success will hinge on member education and seamless integration with legacy core banking systems.
Central Themes
Today’s dispatch reveals five core themes:
- Regulatory Engagement: From FT’s analysis to Hong Kong’s VASP regime, clear rules underpin institutional and retail growth.
- Infrastructure Control: Signing Day Sports’ acquisition and Vaulta’s Fosun partnership demonstrate the premium on reliable blockchain rails.
- Economic Innovation: Play-to-earn gaming and credit union pilots show tokenization’s real-world impact.
- Interoperability Focus: Cross-chain protocols and ERC-1155 standards drive seamless Web3 experiences.
- Market Confidence: Institutional adoption and compliance frameworks foster long-term trust.
Conclusion
In today’s Blocks & Headlines, we see blockchain’s evolution from experimental playground to enterprise-grade infrastructure: regulators clarify, institutions invest, communities adopt, and developers innovate. Whether you’re tracking regulatory shifts, infrastructure deals, gaming revolutions, or financial cooperatives, the decentralized ledger continues to reshape industries.
Join us tomorrow for Blocks & Headlines, where we continue to unpack blockchain’s latest breakthroughs—one block at a time.
The post Blocks & Headlines: Today in Blockchain – May 29, 2025 (Vaulta, Fosun, Signing Day Sports, Credit Unions, Gaming Innovations) appeared first on News, Events, Advertising Options.
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