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Neptune (TSXV:NDA) begins Bitcoin mining operations and provides corporate update
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  • Neptune Digital Assets (NDA) has commenced Bitcoin mining operations and shared its latest financial highlights
  • The company's initial 300 Bitmain S17 Bitcoin mining machines are now being installed within Link Global Technologies' (LNK) hosting facilities
  • The machines will generate a total hash rate of 15,512 Th/s
  • Neptune is currently generating approximately C$400,000 per month in staking earnings
  • The company's balance sheet now has $53 million in cash and digital assets
  • Neptune Digital Assets manages a diversified portfolio of investments across the digital asset ecosystem
  • Neptune Digital Assets (NDA) is down by 0.97 per cent and is currently trading at $1.02 per share

Neptune Digital Assets (NDA) has commenced Bitcoin mining operations and shared its latest financial highlights.

The company's initial purchase of 300 Bitmain S17 Bitcoin mining machines have been thoroughly tested and are now being installed within Link Global Technologies' (LNK) hosting facilities.

The machines will generate a total hash rate of 15,512 Th/s.

Additional operational and financial highlights:

  • Neptune is currently generating approximately C$400,000 per month in staking earnings
  • Its balance sheet now has $53 million in cash and digital assets
  • The company now holds 91 BTC, 236 ETH, 139,800 ATOM, 2,042 DASH, 1,439,481 FTM, and smaller investments in LTC, BCH, Stellar, NEO, OMG and QTUM
  • Neptune's initial investment of $250,000 in the Protocol Quant Fund is now valued at $2.34 million based on the Protocol Quant report on March 31, 2021
  • Neptune's 50-per-cent-owned Pure Digital Power has signed a non-binding LOI for up to 20 MW of solar power at fixed-rate pricing

Cale Moodie, Neptune's President and CEO, commented,

"We will push forward to expand our aggregate operating hash rate as mining rigs become available now that we are well capitalized to do so. We are also very pleased with the profits being generated in our proof-of-stake operations and will continue to grow and optimize that business segment."

Neptune Digital Assets manages a diversified portfolio of investments across the digital asset ecosystem.

Neptune Digital Assets (NDA) is down by 0.97 per cent and is currently trading at $1.02 per share as of 11:07 am ET.

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