- Neptune Digital Assets (NDA) has released its annual audited consolidated financial statements and management, discussion and analysis
- Neptune earned a total of $2,259,088 through Bitcoin mining and other income-generating activities
- Neptune mined $358,701 worth of Bitcoin up to August 31, 2021
- The company has a current cash balance of $23.2 million
- Neptune Digital is a cryptocurrency leader with diversified assets and cryptocurrency operations across the digital asset ecosystem
- Neptune Digital Assets Corp. (NDA) opened trading at C$0.52 per share
Neptune Digital Assets (NDA) has released its annual audited consolidated financial statements and management, discussion and analysis.
Below are a number of fiscal year-end financial highlights.
- Neptune currently holds approximately $70 million in total assets and no debt.
- Neptune earned a total of $2,259,088 through Bitcoin mining and other income-generating activities during the fiscal year.
- Cash operating costs for the year totaled $1,056,635 or $88,000 per month.
- Neptune mined $358,701 worth of Bitcoin up to August 31, 2021. Between August 31 and December 30, Neptune earned another 31 Bitcoin, bringing the total Bitcoin balance to 141.
- 530 Bitcoin mining rigs equating to 53 petahash are expected to come online in the first calendar quarter of 2022 adding to existing revenue streams.
- Neptune’s two largest digital asset holdings are 141 BTC and 150,000 ATOM. The company also holds positions in ETH, FTM, Tshare, TIME, LTC and a number of other tokens, as well as an investment in the Protocol Crypto Quant Fund valued at US$7.6 million.
- The company has a current cash balance of $23.2 million for strategic acquisitions, Bitcoin mining rig purchases and operations.
Cale Moodie, Neptune CEO commented on the news.
“2021 has been a fantastic year for Neptune. Not only have we grown our balance sheet by 1400 per cent, but we have also grown our earnings and diversified revenue streams to millions of dollars annually while maintaining very low operating costs.
We expect our earnings to grow as we bring more Bitcoin miners online and take advantage of the unique opportunities provided in the DeFi space. We are extremely excited about 2022 and want to thank our shareholders for their steadfast support throughout the year.”
Neptune Digital is one of the first publicly traded blockchain companies in Canada and is a cryptocurrency leader with diversified assets and cryptocurrency operations across the digital asset ecosystem including bitcoin mining, tokens, proof-of-stake cryptocurrencies, decentralized finance (DeFi) and associated blockchain technologies.
Neptune Digital Assets Corp. (NDA) opened trading at C$0.52 per share.
