Grandshores Technology Group Limited provided earnings guidance for the year ended March 31, 2022. For the year, the company expected to record loss of approximately SGD 1.5 million as compared with a profit for the year of approximately SGD 7.0 million for the year ended March 31, 2021. The Board considers that the change from profit to loss was mainly due to: in view of the high volatility of Bitcoin price during the Year, the Company strategically reduced the volume of trading of Bitcoin during the Year, that leads to a decrease of realized profit generated from Bitcoin trading from approximately SGD 7.2 million for the year ended March 31, 2021 to approximately SGD 1.0 million for the Year; and the recognition of a loss on fair value changes of digital assets inventories for the Year of approximately SGD 1.2 million as compared with a gain of approximately SGD 2.1 million for the year ended March 31, 2021.