BIGG Digital Assets Inc. Provides Financial Update For Q4 2021

VANCOUVER, British Columbia, Jan. 19, 2022 (GLOBE NEWSWIRE) -- BIGG Digital Assets Inc. ("BIGG" or the "Company")(CSE: BIGG; OTCQX: BBKCF; WKN: A2PS9W), owner of Netcoins (Netcoins.ca) (“Netcoins”), the online cryptocurrency brokerage that makes it easy for Canadians to buy, sell, and understand cryptocurrency, and Blockchain Intelligence Group (blockchaingroup.io) (“BIG”), a leading developer of blockchain technology search, risk-scoring and data analytics solutions, is pleased to report preliminary, unaudited, Q4 2021 financial metrics for the three months ended December 31, 2021. All figures are in Canadian Dollars (CAD) unless otherwise stated.

Q4 2021 Highlights:

• Gross operating revenue of $3.3M (up 238% YoY), with $2.85M for Netcoins and $466k for Blockchain Intelligence Group (“BIG”)
• Netcoins revenue for Q4 represents 259% Year over Year (YoY) growth and 30% QoQ growth
  • Customer accounts grew 32% QoQ, and customer fiat deposits exceeded $98M in the quarter.
  • Active users grew 52% QoQ, # of transactions grew 42% QoQ
  • Gross trading margins were ~1.4%, including withdrawal fees
• Blockchain Intelligence Group Q4 revenues increased 114% YoY, and gross margins were at 89%

Further Highlights:

• BIGG’s full year revenue of ~$14.2M represents a 463% growth over 2020
• Netcoins full year revenue of ~$12.6M represents a 717% annual growth rate over 2020
• Blockchain Intelligence Group’s full year revenue of $1.6M represents a 62% annual growth rate over 2020
• As of January 17, 2022, BIGG’s cash and crypto holdings equal roughly $62 million. The Company has no debt
• BIGG currently owns 500 Bitcoin, valued at approximately CAD $26.8M (excluding customer assets)
• Netcoins currently has customer Assets Under Custody of approximately $75M
• Netcoins registered users now exceed 125,000

BIGG CEO, Mark Binns, commented “In Q4 we saw excellent growth, across both Netcoins and Blockchain Intelligence Group, with combined revenue rising 26% QoQ. On the year, BIGG saw a tremendous 463% annual growth, achieving over $14M in revenue. As a business, we have long taken a compliance first approach to the crypto ecosystem and are now seeing the benefits. We received the first restricted dealer license for a publicly owned crypto trading platform in Canada, with Netcoins, at the very start of Q4, and the dividends are beginning to accumulate. In 2021 we were able to efficiently finance our businesses, add 500 Bitcoins to our treasury, remain debt free, accumulate a robust treasury, and achieve excellent revenue growth. We look forward to 2022 as a year of entering new marketing, launching new products, and investing in more leading crypto businesses, all to the benefit of our shareholders and stakeholders. We look forward to providing further business updates in the coming weeks and months.”