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.
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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.
