Vancouver, British Columbia--(Newsfile Corp. - April 28, 2021) - NEPTUNE DIGITAL ASSETS CORP. (TSXV: NDA) (OTC: NPPTF) (FSE:1NW) ("Neptune" or the "Company") is pleased to announce that Neptune's initial purchase of 300 Bitmain S17 Bitcoin mining machines have landed in Calgary, Alberta, have been thoroughly tested and are now being installed within Link Global Technologies' hosting facilities and will be generating a total hash rate of 15,512 Terahash per second (Th/s). The Company will provide further updates as to the machine economics over the coming weeks and as more machines are received and come online.
Neptune is also pleased to share these additional operational and financial highlights:
Neptune is currently generating approximately $400,000 per month in staking earnings. Neptune's balance sheet now has $53M 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. The Company's initial investment of $250,000 in the Protocol Quant fund is now valued at $2.34M based on the Protocol Quant report on March 31, 2021. Neptune and Link Global have selected two potential sites for Pure Digital Power Corp. to build out it's renewable powered Bitcoin mining facility. Neptune's 50% owned Pure Digital Power Corp. has signed a non-binding LOI for up to 20 MW of solar power at fixed rate pricing. Neptune's President and Chief Executive Officer, Cale Moodie, commented: "We are thrilled to inform our shareholders that we have now commenced Bitcoin mining operations. 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 remind our shareholders that COVID-19 may impact the logistics and supply of mining units. 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 is also pleased to announce that it has granted stock options to certain directors, officers and employees of the Company to purchase an aggregate of 4.2M common shares pursuant to the Company's share compensation plan with an exercise price of $1.03 per common share. The stock options are exercisable for 10 years from the date of grant.
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