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  • Neptune Digital Assets (NDA) has entered into a C$40 million private placement offering with institutional investors
  • The company offered approximately 29,629,629 units priced at $1.35 per unit
  • The company will use the proceeds to develop a 5 MW clean tech Bitcoin mining facility, purchase ASIC Bitcoin mining machines and invest in proof-of-stake
  • Neptune Digital Assets manages a diversified portfolio of investments across the digital asset ecosystem
  • Neptune Digital Assets (NDA) is down 37.23 per cent and is currently trading at $1.18 per share

Neptune Digital Assets (NDA) has entered into a C$40 million private placement offering with institutional investors.

The company offered approximately 29,629,629 units at $1.35 per unit for aggregate gross proceeds of $40 million.

Each unit is comprised of one common share and one-half of one common share purchase warrant.

Each full warrant entitles the holder to purchase one Neptune common share for $1.75 for three years from the date of issuance.

Neptune will use the proceeds to develop a 5 MW clean tech Bitcoin mining facility, purchase ASIC Bitcoin mining machines and invest in proof-of-stake.

Investors can find further details as to the proceeds' specific allocation in the prospectus supplement under the company’s base shelf prospectus dated April 12, 2021.

The private placement is expected to close on or about April 16, 2021. 

H.C. Wainwright & Co. is acting as the exclusive agent for the private placement in the United States.

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

Neptune Digital Assets (NDA) is down 37.23 per cent and is currently trading at $1.18 per share as of 9:57 am ET.

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