Neptune Digital Assets Announces New Bitcoin Mining Machines Are Deployed and Operational

Vancouver, British Columbia–(Newsfile Corp. – October 15, 2021) – Neptune Digital Belongings Corp. (TSXV: NDA) (OTC Pink: NPPTF) (FSE: 1NW) (“Neptune” or the “Firm“), a blockchain infrastructure and cryptocurrency chief in Canada, is happy to announce the finished deployment and operation of its beforehand ordered 200 Antminer S19 Professional subsequent era Bitcoin ASIC mining machines.

The brand new Antminer S19 Professional Bitcoin mining machines have been examined, put in, and at the moment are producing Bitcoin. The Antminer S19 Professional is the most recent era Bitcoin ASIC miner produced by main {hardware} producer Bitmain. The Antminer S19 Professional’s mining SHA-256 algorithm boasts a hashrate of 110 terahash per second (TH/s) with an vitality effectivity of 29.5 joules per terahash (J/TH) and an influence consumption of 3250W. The 200 Bitcoin mining machines collectively produce a complete of twenty-two,000 terahash per second. The brand new Bitcoin mining machines are deployed utilizing the Luxor mining pool and are hosted in a state-of-the-art facility in Colorado, USA.

As beforehand introduced within the Firm’s September 10, 2021 press launch, an extra 530 new Antminer S19 Professional Bitcoin ASIC mining machines, with a complete of 53,000 TH/s of mining energy, are paid for and are ready to be acquired and deployed on the Firm’s U.S. amenities. The Firm will launch additional updates as these Bitcoin mining machines are acquired and activated.

Neptune at present has $60.1M in property, zero debt and at prevailing crypto forex costs is making roughly $645,000 monthly in gross earnings. Annual outcomes for the 12 months ended August 31, 2021 can be launched previous to December 31, 2021.

“We’re more than happy that our new companions, Luxor Applied sciences and Frontier Mining, have helped get our U.S. mining program off to a profitable begin. Bitcoin mining has turn out to be a core program for Neptune and we plan to proceed to aggressively add to our fleet of put in miners working with proficient and succesful companions all through North America. This new deployment will increase Neptune’s revenues and places the Firm into a fair stronger monetary place as we develop our Bitcoin mining operations,” acknowledged Cale Moodie, Neptune CEO.

About Neptune Digital Belongings Corp.
Neptune Digital Belongings (TSXV: NDA) is among the first publicly-traded blockchain corporations in Canada and is a cryptocurrency and blockchain infrastructure chief with operations throughout the digital asset ecosystem together with bitcoin mining, proof-of-stake mining, decentralized finance (DeFi) and related blockchain applied sciences.

ON BEHALF OF THE BOARD

Cale Moodie, President and CEO
Neptune Digital Belongings Corp.
1-800-545-0941
www.neptunedigitalassets.com

Neither TSX Enterprise Change nor its Regulation Providers Supplier (as that time period is outlined in insurance policies of the TSX ‎Enterprise Change) accepts duty for the adequacy or accuracy of this launch.‎

Ahead-Wanting Statements

This launch comprises sure “forward-looking statements” and sure “forward-looking data” as outlined underneath relevant Canadian securities legal guidelines. Ahead-looking statements and data can usually be recognized by means of forward-looking terminology equivalent to “might”, “will”, “count on”, “intend”, “estimate”, “anticipate”, “consider”, “proceed”, “plans”, “proposes” or related terminology. Ahead-looking statements and data embody, however usually are not restricted to, the speed of manufacturing from the Firm’s Bitcoin mining machines; the long run receipt and profitable deployment of the Firm’s Bitcoin mining machines; future cryptocurrency costs; the Firm’s future earnings and revenues; and the Firm’s means to efficiently add to its fleet of Bitcoin mining machines and develop its Bitcoin operations. Ahead-looking statements and data are primarily based on forecasts of future outcomes, estimates of quantities not but determinable and assumptions that, whereas believed by administration to be cheap, are inherently topic to important enterprise, financial and aggressive uncertainties, and contingencies. Ahead-looking statements and data are topic to varied identified and unknown dangers and uncertainties, a lot of that are past the power of the Firm to manage or predict, that will trigger the Firm’s precise outcomes, efficiency or achievements to be materially totally different from these expressed or implied thereby, and are developed primarily based on assumptions about such dangers, uncertainties and different components set out herein, together with however not restricted to: the inherent dangers concerned within the cryptocurrency and normal securities markets; the Firm’s means to efficiently mine digital forex; income of the Firm might not improve as at present anticipated, or in any respect; the Firm might not have the ability to profitably liquidate its present digital forex stock, or in any respect; a decline in digital forex costs might have a big adverse impression on the Firm’s operations; the volatility of digital forex costs; uncertainties regarding the supply and prices of financing wanted sooner or later; the inherent uncertainty of manufacturing and value estimates and the potential for surprising prices and bills, forex fluctuations; regulatory restrictions, legal responsibility, competitors, lack of key staff and different associated dangers and uncertainties. The Firm doesn’t undertake any obligation to replace forward-looking data besides as required by relevant regulation. Such forward-looking data represents administration’s finest judgment primarily based on data at present obtainable. No forward-looking assertion could be assured and precise future outcomes might differ materially. Accordingly, readers are suggested to not place undue reliance on forward-looking statements or data.