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CCU Record Financial Results for the Year-End 2021 Including Revenue Growth of 229% from 2020 and Appoints Chief Operating Officer
Toronto, Ontario--(Newsfile Corp. - March 11, 2022) - Canada Computational Unlimited Corp. (TS...
About this update from Sato Technologies Corp
[{"type":"text","content":"CCU Record Financial Results for the Year-End 2021 Including Revenue Growth of 229% from 2020 and Appoints Chief Operating OfficerToronto, Ontario--(Newsfile Corp. - March 11, 2022) - Canada Computational Unlimited Corp. (TSXV: SATO) (\"CCU\" or \"the Company\") is pleased to announce its year-end financial results for December 31, 2021 (\"2021\"). All amounts in this news release are in Canadian dollars.JOIN LIVE PRESENTATION AND Q&A on Tuesday 15th 2022, 1PM/ EST 2021 Highlights - Best Year to Date● Total revenue of $6,118,420 in 2021 represent a growth of 229% compared to 2020● Revenue from digital assets mined in 2021 grew 163% compared to 2020● Revenue from hosting in 2021 grew 1011% compared to 2020● Gross profit in 2021 grew to $2,567,506 compared to a gross loss of $141,718 in 2020● 71 BTC and 55 ETH minted in 2021. ● Working capital increased to $1,568,785 at December 31, 2021, from a deficiency of $823,350 at December 31, 2020● Digital assets held at December 31, 2021 was $3,254,131 compared to $653,882 at December 31, 2020● Adjusted EBITDA of $1,368,327 in 2021, and increase of 311% from 2020● Significant CAPEX increase represented by a 13X investment between the year 2020 and 2021 Fanny Philip named Chief Operating OfficerThe Company today announced the appointment of Fanny Philip as Chief Operating Officer, effective retroactively since January 1, 2022. Mrs Philip will report directly to Romain Nouzareth, President and Chief Executive Officer. As Chief Operating Officer, Mrs Philip will provide strategic leadership and oversee all the operations of Canada Computational Unlimited Corp.\"2021 was a very good year for CCU, not only based on our financial results and successful public listing, but also because we are hitting all our goals and working towards reaching our Center One full capacity with full renewable energy. I am also pleased to appoint Fanny Philip, who has been an exceptional asset to our team in her role as VP Finance, as CCU's new Chief Operating Officer. Fanny is recognized by colleagues and peers as an inspirational leader, I am confident that her guidance and expertise will be a great asset to ensure the Company's continued progress,\" said Romain Nouzareth, President and Chief Executive Officer.Fanny Philip commented, \"2021 was a ...