Neptune Digital Assets Corp. (TSXV: NDA) announced today that its initial Bitcoin mining machines have arrived and are being installed to commence the company’s Bitcoin mining operations. The company expects the machines will generate a total hashrate of 15,512 TH/s.
The 300 Bitmain S17 Bitcoin mining machines the company purchased for its initial operations have been delivered and thoroughly tested. These are now being installed within Link Global Technologies’ (CSE: LNK) hosting facilities.
The company also shared that it is currently generating $400,000 per month in staking earnings. Regarding its previously announced co-development agreement with Link Global Technologies, the company reported that the partnership has selected two sites for its renewable energy Bitcoin mining facility.
The company also shared that it reportedly has $53 million in cash and digital assets.
Neptune Digital Assets Corp. last traded at $1.03 on the TSX Venture.
Information for this briefing was found via Sedar and Neptune Digital Assets. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
