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Canada Computational Unlimited Announces Best Quarter In History With Q3 2021 Financial Results Including Revenue Growth Of 247 % From Q3 2020 Toronto , Ontario -- ( Newsfile Corp. - November 19 , 2021 ) - Canada Computational Unlimited Corp. ( TSXV : SATO ) ( " CCU " or " the Company " ) is pleased to announce its financial results for the three and nine months ending September 30 , 2021 ( " Q3 2021 " ) . All amounts in this news release are unaudited and , unless otherwise indicated , are in Canadian dollars . Q3 2021 Highlights : • Revenue from digital assets mined grew 247 % and 150 % for the three and nine months ended September 30 , 2021 compared to the three and nine months ended September 30 , 2020 . • Revenue from hosting grew 1778 % and 668 % for the three and nine months ended September 30 , 2021 compared to the three and nine months ended September 30 , 2020 . • Gross profit grew 769 % and 1771 % for the three and nine months ended September 30 , 2021 compared to the three and nine months ended September 30 , 2020 . • Completed the reverse takeover of Capricorn Business Acquisitions Inc. and was listed on the TSX Venture Exchange on September 16 , 2021 under the symbol SATO . • Reimbursed , in advance , loans to related parties thereby retiring substantially the Company's debt . " I'm extremely pleased with the results . Buoyed by the price of Bitcoin , we reached record revenues and gross profit as well as greatly improving adjusted EBITDA performance to 35.6 % of revenue vs. 16.3 % for the same period last year . " commented Mr. Romain Nouzareth , CEO . Q3 2021 Financial Overview : For the three and nine months ended September 30 , 2021 , the Company recorded a net loss of $ 1,004,354 and $ 1,162,035 compared to a net loss of $ 424,504 and $ 848,483 for the three and nine months ended September 30 , 2020. Contributing to the loss for the three and nine months ended September 30 , 2021 are one - time listing expense related to charges in the amount of $ 1,942,221 . A summary of the results are as follows : Three months ended September 30 , 2021 Revenue 1,847,077 Cost of revenue 804,446 Gross profit ( loss ) 1,042,631 Gain ( loss ) on use of digital assets 242,969 Expenses 720,958 Operating income ( loss ) 564,642 Other charges ( income ) ( 1,247,241 ) Profit ( Loss ) before income taxes ( 682,599 ) Net income ( loss ) ( 1,004,354 ) Total comprehensive income ( loss ) ( 884,470 ) Gross mining profit EBITDA 761,857 ( 461,980 ) Adjusted EBITDA 2020 $ change 358,831 1,488,246 514,645 289,801 ( 155,814 ) 1,198,445 40,958 202,011 89,173 631,785 ( 204,029 ) 768,671 ( 220,475 ) ( 1,026,766 ) ( 424,504 ) ( 258,095 ) ( 424,504 ) ( 579,850 ) ( 406,067 ) ( 478,403 ) ( 394,239 ) 1,156,096 ( 14,666 ) ( 447,314 ) 697,315 ( 51,168 ) 748,483 Nine months ended September 30 , 2021 2020 $ change 4,092,052 1,401,425 2,690,627 1,895,716 1,535,984 359,732 2,248,728 ( 134,559 ) 2,383,287 281,378 1,877,011 653,093 ( 1,493,373 114,030 167,246 315,714 1,561,297 ( 336,243 ) ( 512,240 ) 989,336 ( 981,133 ) ( 840,280 ) ( 848,483 ) ( 1,162,035 ( 848,483 ) ( 313,552 ) ( 720,393 ) ( 807,467 ) 87,074 1,614,660 ( 893,719 ) 2,508,379 44,177 1,382,048 8,203 276,450 ( 232,273 ) 193,398 1,188,650 To view an enhanced version of this graphic , please visit : https://orders.newsfilecorp.com/files/8298/104337_3b7ec82814569a15_001full.jpg This press release makes reference to certain measures that are not recognized under IFRS and do not