BIGG Digital Assets Inc. Reports Audited Financial Results for 2023 - Seite 2

Further Highlights:

• BIGG currently owns ~ 94 Bitcoin, valued at $8.1M
• BIGG’s current treasury of fiat and crypto assets is valued at over $23M, inclusive of Netcoins’ float of ~$8.9M
• Netcoins currently has customer Assets Under Custody of approximately ~$115M.
• Netcoins is currently focused on its CIRO application and US market expansion
• Blockchain Intelligence Group initiated to source partners to integrate and apply artificial intelligence (“AI”) and machine learning training models to leverage its proprietary data aggregated by Blockchain Intelligence Group over the past 8 years relating to Bitcoin, Ethereum and 15 other blockchains
• Blockchain Intelligence Group’s compliance suite (QLUE and BitRank) now supports 17 blockchains hosting over 47 billion unique blockchain data points, 6.9 million tokens and NFTs, with more blockchains being implemented
• In 2023, BIGG weathered a down market,cutting costs to improve its bottom line and increase resiliency to market conditions. In 2024, BIGG is targeting go-to-market products and services that were built in 2023
  

Selected financial and operating information should be read in conjunction with BIGG's audited consolidated financial statements and related Management's Discussion and Analysis for the year ended December 31, 2023, available at www.sedarplus.ca

All financial information in this press release is prepared in accordance with IFRS Accounting Standards as issued by the International Accounting Standards Board.

Dan Reitzik, Interim CEO commented, "2023 was a transitional year for crypto as Bitcoin traded fairly flat until Q4, and investors and traditional finance started gearing up for the launch of US ETFs in early 2024. Throughout 2023, BIGG significantly trimmed expenses at both Blockchain Intelligence Group and Netcoins, and acquired TerraZero, giving real-world use cases for both BIG and Netcoins. Q1 2024 we are starting to see the results of both the cost-cutting, but more so the growth of Netcoins in terms of significantly increasing revenues, trading volumes, new products, and new clients. Blockchain Intelligence Group will be expanding the markets it services through 2024. We're excited about launching new products this year, aimed at retail users and crypto trading platforms. TerraZero continues to develop its proprietary Intraverse platform with beta clients including Napster, Warner Records, and others spanning across CPG, cosmetics, and gaming, and we expect the highly scalable commercial and consumer versions to fully deploy later this year.”