- Neptune (NDA) has set a Q1 record with C$13M in comprehensive income
- It expects to triple its Bitcoin mining hashrate in Q2
- Its Bitcoin balance totals 160 to date
- Neptune Digital Assets is a cryptocurrency and blockchain infrastructure company with operations across the digital asset ecosystem
- Neptune (NDA) is up by 1.2 per cent trading at $0.42 per share
Neptune (NDA) has set a Q1 record with C$13M in comprehensive income.
Quarterly highlights
- Ended the quarter on November 30, 2021, with $67M in assets and no debt, an increase of 23 per cent in asset value from the previous quarter
- Earned $1,707,046 through Bitcoin mining and other income-generating activities
- Total expenses were $193,308
Highlights subsequent to the quarter to date
- Earned 35 Bitcoin, bringing its total balance to 160
- It expects 530 Bitcoin mining rigs, equating to 53 petahash, to be operational in Q2, increasing processing power to 75 petahash
- Holdings also include 151,000 ATOM and positions in FTM, Tshare, DOT, DASH, Tomb, ETH, BCH, and LTC, as well as an investment in the Protocol Crypto Quant Fund valued at $8.2M at quarter end
- Current cash on hand stands at $23.1M
“Neptune had an amazing first quarter with a $12.6 million increase in assets on our balance sheet and $13 million in comprehensive income,” stated Cale Moodie, Neptune’s CEO. “We hope to see the general crypto space grow as we move forward into 2022 and our Bitcoin mining, staking, and DeFi earnings to increase accordingly as we grow those arms of the business.”
Neptune Digital Assets is a cryptocurrency and blockchain infrastructure company with operations across the digital asset ecosystem.
Neptune (NDA) is up by 1.2 per cent trading at $0.42 per share as of 9:30 am EST.
