- Neptune (NDA) and Link (LNK) will co-develop a 5 MW renewable energy Bitcoin mining facility in Alberta
- The facility will operate on solar, wind and natural gas
- The companies will split costs and revenues with construction to begin in early April
- Link Global Technologies provides infrastructure and operating expertise for cryptocurrency mining and blockchain technology
- Neptune Digital Assets manages a diversified portfolio of investments across the digital asset ecosystem
- Link Global Technologies (LNK) is up 2.59 per cent and is currently trading at C$1.19 per share
- Neptune Digital Assets (NDA) is up 14.52 per cent and is currently trading at C$0.71 per share
Neptune (NDA) and Link (LNK) will co-develop a 5 MW renewable energy Bitcoin mining facility in Alberta.
The site will be solar, wind and natural gas-powered with the companies splitting costs and revenues.
The location is a strategic one as Link operates the majority of its Bitcoin mining operations in Alberta.
A definitive agreement is expected by early April with construction immediately to follow.
Cale Moodie, Neptune’s CEO, stated,
“We are very excited about our second venture with Link Global. We expect there to be substantial global pressure to develop sustainable Bitcoin mining operations around the world. We hope as a team to become a major powerhouse in low cost, carbon-neutral mining and tapping available carbon credits for exchange in that burgeoning marketplace.”
Stephen Jenkins, Link’s President and CEO, added,
“This push for more renewable energy is wonderful, it’s necessary in an energy-intensive sector. Link and Neptune are committed to incrementally lowering the impacts of Bitcoin mining. We are determined to prove that the future of mining digital currency can be a green one. We look at this as the beginning to expand our footprint into renewable energy projects for digital currency mining.”
Today on SEDAR, the company will also be filing its interim financial statements for the six-month period ended February 28, 2021 and associated management discussion and analysis.
Highlights include 200 per cent balance sheet growth and record-setting comprehensive net income of over C$6 million for Q2.
Link Global Technologies provides infrastructure and operating expertise for cryptocurrency mining and blockchain technology.
Neptune Digital Assets manages a diversified portfolio of investments across the digital asset ecosystem.
Link Global Technologies (LNK) is up 2.59 per cent and is currently trading at C$1.19 per share as of 9:50 am ET.
Neptune Digital Assets (NDA) is up 14.52 per cent and is currently trading at C$0.71 per share as of 9:40 am ET.