- Neptune reports record-setting quarterly earnings for Q2, 2021
- Positive net income was C$6.07 million for the 3 months ended February 28
- Neptune’s cash operating costs were approximately $226,000 for the 6 months ended February 28
- Neptune Digital Assets Corp. builds, owns and operates digital currency infrastructure assets
- Neptune Digital (NDA) is up 16.42 per cent, trading at C$0.39 per share at 11:15 am ET
Neptune Digital Assets Corp. (NDA) has achieved its highest income results since its initial listing in January 2018.
“We are extremely pleased with our record-setting quarter. We are continuing to strengthen our foundation in decentralized finance (DeFi), staking, and blockchain technologies which is proving to be a solid growth strategy.
With our bitcoin mining operations coming online in a matter of weeks, we expect substantial income growth and our asset base to continue on this trajectory,” stated Cale Moodie, Neptune CEO.
Below are a number of financial highlights pertaining to the three months ended February 28, 2021:
- The company achieved a positive net income of $6.07 million for the 3 months ended February 28, 2021
- Neptune had a 200% growth in total assets from November 30, 2020 to February 28, 2021
- The largest digital asset holdings are 82 BTC, 139,150 ATOM, 1.44 million FTM, 210 ETH, and 2,030 DASH. The company also holds positions in BCH, Litecoin, Stellar, NEO, OMG, QTUM as well as the investment in the Protocol Fund
- Neptune’s investment in the Protocol Fund of US$250,000 is now valued at US$1.8 million
- Neptune’s investment in Fantom (FTM) has increased over 1,000 per cent in value
- DeFi and proof-of-stake earnings have doubled over the same period last year and earnings related to defi and staking have increased 500% over the prior year
- Neptune is continually purchasing crypto in order to dollar cost average and is always optimizing its crypto portfolio in order to maximize growth for shareholders,
- Neptune’s cash operating costs were approximately $226,000 for the 6 months ended February 28, 2021 or roughly $37,000 per month.
“We have now shown the earnings and asset growth potential when investing in viable cryptocurrency ecosystems. We also continue to operate Neptune on a very lean budget in an effort to maximize shareholder value and bring on new revenue streams reflecting those same cost efficiencies, as we intend to do with our mining operations,” stated Cale Moodie, Neptune CEO.
Neptune Digital Assets Corp. builds, owns and operates digital currency infrastructure assets.
Neptune Digital (NDA) is up 16.42 per cent, trading at C$0.39 per share at 11:15 am ET.
