- Neptune Digital (NDA) has expanded its Bitcoin mining operations through a partnership with Luxor Technology
- Luxor is a technology company shaping the future of hashrate as a commodity through next-generation digital pipelines for computer power
- The companies will collaborate on hardware sourcing, mining machine hosting and physical and virtual rig management
- Neptune expects additional ASIC mining machines to come online through this partnership in the next 90 days
- Neptune Digital Assets manages a diversified portfolio of investments across the digital asset ecosystem
- Neptune Digital Assets (NDA) is up by 4.41 per cent and is currently trading at $0.71 per share
Neptune Digital (NDA) has expanded its Bitcoin mining operations through a partnership with Luxor Technology.
Luxor is a technology company shaping the future of hashrate as a commodity through next-generation digital pipelines for computer power.
The companies entered into a hashrate management agreement to work on hardware sourcing, mining machine hosting, and physical and virtual rig management utilizing Luxor’s proprietary mining pool technologies.
This agreement enables Neptune to grow its North American Bitcoin mining operations through affordable outsourcing of critical hands-on expertise.
The company expects additional ASIC mining machines to come online through this partnership in the next 90 days.
Cale Moodie, Neptune’s CEO, commented,
“We are excited to leverage Luxor’s deep expertise in Bitcoin mining, ASIC markets, hashrate management and pool services to build a highly profitable mining program. Neptune is positioned extremely well given C$40 million in capital was raised towards the near-term market top and now we can secure assets at much lower prices. The market timing has worked in our favor and we reiterate to our shareholders, that in this sector, patience pays off.”
At the time of this release, Neptune’s staking operations currently generate $360,000 per month.
The company currently holds $47.1 million in cash and digital assets, including 100 BTC, 270 ETH, 141,000 ATOM, 2,055 DASH, 1,439,481 FTM and positions in LTC, DOT, BCH, Stellar, NEO, OMG and QTUM.
Neptune Digital Assets manages a diversified portfolio of investments across the digital asset ecosystem.
Neptune Digital Assets (NDA) is up by 4.41 per cent and is currently trading at $0.71 per share as of 11:37 am ET.