- Neptune (NDA) has onboarded 52,496 terahash of new Bitcoin miners
- The machines – Antminer S19 Pro Bitcoin miners – have been tested, installed and are now producing Bitcoin
- The company deployed the miners, which were purchased in 2021, using the Luxor mining pool in a U.S. facility owned and operated by Aspen Creek Digital
- Neptune Digital Assets is a cryptocurrency and blockchain infrastructure leader with operations across the digital asset ecosystem
- Neptune (NDA) is down by 6.38 per cent trading at $0.22 per share
Neptune (NDA) has onboarded 52,496 terahash of new Bitcoin miners.
The machines – Antminer S19 Pro Bitcoin miners – have been tested, installed and are now producing Bitcoin.
The Antminer S19 Pro is the latest generation Bitcoin ASIC miner produced by Bitmain. The miner’s SHA-256 algorithm offers a hashrate from 96 to 104 terahash per second with an energy efficiency of 29.5 joules per terahash and power consumption of 3,250 W.
Neptune deployed the machines using the Luxor mining pool in a U.S. facility owned and operated by Aspen Creek Digital, which seeks to catalyze the decarbonization of power generation through renewably powered computing facilities.
“We are happy we can finally bring on the additional 53 petahash of mining capacity purchased in late 2021. The mining business has been challenging over the last 12 months; however, it does still remain profitable, and we will continue to carefully grow these operations while focused on cost savings and profit margins,” stated Cale Moodie, Neptune’s CEO.
“We look forward to a fruitful partnership with Aspen where we can grow our renewable-focused mining operations. We are fortunate to have the financial means to take advantage of the current bear market and acquire assets at a discount using cash raised at the peak of the bull cycle,” he added.
Neptune Digital Assets is a cryptocurrency and blockchain infrastructure leader active in Bitcoin mining, proof-of-stake mining, blockchain nodes, decentralized finance and other associated blockchain technologies.
Neptune (NDA) is down by 6.38 per cent, trading at $0.22 per share as of 10:18 am EST.