TAAL Distributed Information Technologies Inc. (CSE: TAAL) (FWB: 9SQ1) (OTC: TAALF) (“TAAL” or the “Company”) a vertically integrated blockchain infrastructure and service provider, today announced it has entered into an agreement with a Canadian provider to purchase 5,000 upgraded M30s blockchain computers. With this transaction, TAAL increases its self-hashing capacity to help fuel the Company’s stated growth strategy.
“The acquisition of these new, blockchain technologies expedites our expansion plans, representing important progress in building capacity to power TAAL BitcoinSV (BSV) solutions for global enterprise clients,” commented Stefan Matthews, TAAL Executive Chairman and Chief Executive Officer.
The additional capacity will be deployed in Q1 2021 and will add to the previously announced 175 petahash of North American custom computing power, together supporting the Company’s vision placing blockchain transaction processing at the core of its business. TAAL provides value-added service to clients across several industries and the Company expects the market for these services to continue to grow. Gartner predicts that at least 25% of the Forbes Global 2000 will use blockchain for digital trust at scale in 20211, and TAAL believes that BitcoinSV offers them the best, most trusted platform.