THE DEPLOYMENT BRINGS NUCLEAR TO LAKE PARIME'S SITE PORTFOLIO AND DIVERSIFIES TAAL'S DEPLOYMENT MAP WITH A 300PH CLEAN ENERGY PROJECT IN
- 3,000 S19J Pro Bitmain ASIC miners will be installed by the end of
September 2022 - The mining machines will be hosted in
Lake Parime's ASIC data centres ("Powerbox") in a clean energy facility inOhio, USA - The deployment has a capacity of 10MW, or 300 Petahash
- TAAL can mine across all three SHA-256 based blockchain networks - Bitcoin Core ("BTC"), BitcoinSV ("BSV"), Bitcoin Cash ("BCH") - switching chains economically and dynamically to optimize yield
The project will increase TAAL's self-hashing capacity using clean energy, supporting its stated growth strategy and vision of placing blockchain transaction processing at the core of its business, and support Lake Parime in diversifying their site portfolio and contributing to their mission to power the energy transition using planetary-scale computing. Lake Parime provides sustainable computing power and TAAL provides value-added service to clients across several industries for which both parties expect the market to grow exponentially over the coming years.
"This additional capacity is in line with our goal to reach both network location diversification and a total capacity across all sites of 2 EH/s of hash power at full deployment," said
Lake Parime designs, build and operates sustainable computing infrastructure. They work with some of the largest utility companies in the world, helping them transform low-value or otherwise wasted clean energy into high-revenue computing power. By targeting computing segments that demand a significant amount of energy for data processing, the company's proprietary technology bridges the energy requirement between the computing industry and energy sector, unlocking enormous value for both.
For more information please visit https://lakeparime.com/, or follow us on LinkedIn or Twitter.
For more information please visit – www.taal.com/investors
The CSE, nor its Regulation Services Provider, accepts no responsibility for the adequacy or accuracy of this release.
Certain statements included in this news release constitute "forward-looking information" as defined under applicable Canadian securities legislation. The words "will", "intends", "expects" and similar expressions are intended to identify forward-looking information, although not all forward-looking information will contain these identifying words. Specific forward-looking information contained in this news release includes but is not limited to statements regarding: the timing of equipment coming online, the computing power of the equipment, future computing power, the growth and evolution of TAAL and/or Lake Parime's business. These statements are based on factors and assumptions related to historical trends, current conditions and expected future developments. Since forward-looking information relates to future events and conditions, by its very nature it requires making assumptions and involves inherent risks and uncertainties. TAAL and Lake Parime caution that although it is believed that the assumptions are reasonable in the circumstances, these risks and uncertainties give rise to the possibility that actual results may differ materially from expectations. Material risk factors include logistical difficulties, geopolitical risks with suppliers, changes in energy prices, the future acceptance of Bitcoin SV and other digital assets and risks related to information processing using those platforms, the ability for TAAL and Lake Parime to leverage intellectual property into viable income streams and other risks set out in TAAL's Annual Information Form dated
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