- Neptune (NDA) has announced a 102-per-cent increase in Q2 gross earnings over Q1
- It earned C$3,455,955 through Bitcoin mining and other income-generating activities during the quarter
- The company is focused on using its ample cash position to capitalize on market volatility
- Neptune Digital Assets is a cryptocurrency and blockchain infrastructure company
- Neptune (NDA) is up by 1.27 per cent trading at $0.40 per share
Neptune (NDA) has announced a 102-per-cent increase in Q2 gross earnings over Q1.
Q2 highlights
- Earned C$3,455,955 through Bitcoin mining and other income-generating activities
- Ended the quarter on February 28, 2022, with $62M in assets and no debt
- Total expenses for the six-month period were $1,255,808
- Its two biggest positions to date are 194 Bitcoin and 152,964 ATOM
- It also holds positions in FTM, TSHARE, DOT, DASH, Tomb, ETH, BCH, LTC, as well as an investment in the Protocol Crypto Quant Fund valued at $6M and a current cash/US$ loans/stablecoin balance of $23M for strategic acquisitions, Bitcoin mining rig purchases and operations
“We have received another 53 petahash in mining rigs which are currently warehoused in the USA and those will be hashing as soon as possible,” stated Cale Moodie, Neptune’s CEO. “We hope to take advantage of any market weakness with our cashed-up balance sheet in terms of both rig acquisitions and general token purchases, all while appropriately managing market risk and exposure.”
Neptune Digital Assets is a cryptocurrency and blockchain infrastructure company with operations across the digital asset ecosystem.
Neptune (NDA) is up by 1.27 per cent trading at $0.40 per share as of 9:30 am EST.