- Neptune (NDA) has expanded its Bitcoin mining operations with an order of next-generation mining machines
- The company secured 200 Antminer S19 Pro machines, which it expects to have in operation by the end of summer 2021
- The machines will produce a combined hashrate of 22,000 terahash per second
- On average, Neptune is mining 0.09 BTC per day at current prices
- Neptune Digital Assets maintains diversified assets and cryptocurrency operations across the digital asset ecosystem
- Neptune (NDA) is up by 1.89 per cent and is currently trading at $0.54 per share
Neptune (NDA) has expanded its Bitcoin mining operations with an order of next-generation mining machines.
The company secured 200 Antminer S19 Pro machines, which it expects to have in operation by the end of summer 2021 producing a combined hashrate of 22,000 terahash per second.
The Antminer S19 Pro is the latest generation Bitcoin ASIC miner produced by Bitmain, a leading hardware manufacturer. The machine’s SHA-256 algorithm boasts a hashrate of 110 terahash per second with an energy efficiency of 29.5 joules per terahash and power consumption of 3,250 W.
Cale Moodie, CEO of Neptune, commented,
“Patience has paid off with the expansion of our Bitcoin mining operations as machines have dropped in price substantially over the last two months. We waited until we hit what we felt was the near-term bottom to make the purchase. We are excited to expand our existing fleet of mining machines with these new S19 Pros and will get them up and running as soon as possible.
Our existing partnerships put Neptune in a great position to quickly and efficiently scale our Bitcoin mining revenues while taking advantage of market pricing fluctuations. We will continue to update shareholders on the progress as new information becomes available and more equipment is procured.”
Neptune currently holds 105 BTC, 285 ETH, 142,300 ATOM, 2,070 DASH, 1,440,400 FTM, and smaller positions in LTC, DOT, BCH, Stellar, NEO, OMG and QTUM.
The company has 298 ASIC S17 Bitcoin mining machines averaging 0.09 BTC per day and staking operations generating C$323,000 per month at current prices.
Neptune Digital Assets maintains diversified assets and cryptocurrency operations across the digital asset ecosystem.
Neptune (NDA) is up by 1.89 per cent and is currently trading at $0.54 per share as of 2:20 pm ET.