VANCOUVER, British Columbia, April 12, 2021 (GLOBE NEWSWIRE) — NEPTUNE DIGITAL ASSETS CORP. (“Neptune” or the “Company”) (TSX-V:NDA; OTC:NPPTF; FSE:1NW) is happy to offer an replace on its deliberate growth into renewable vitality Bitcoin (“BTC”) mining. The Company and LINK GLOBAL TECHNOLOGIES INC. (CSE: LNK; FRA: LGT; OTC: LGLOF) (“LINK”) have integrated a three way partnership firm, Pure Digital Power Corp. (“Pure”), and in connection therewith, the Company, Link and Pure have entered right into a shareholders’ settlement governing the administration of Pure. Pure is an influence and Bitcoin mining infrastructure firm with an emphasis on clear sustainable vitality.
Through Pure, Neptune and Link have agreed to develop an preliminary 5 megawatt (“MW”) renewable vitality dominated BTC mining facility in Alberta, with potential for growth and scaling. Establishing Pure and coming into into the corresponding shareholders settlement follows shortly after the March 19, 2021 announcement of the proposed three way partnership between LINK and Neptune to develop a inexperienced vitality facility. All BTC mined beneath Pure’s operation are anticipated to be held within the treasury for reinvestment and decentralized finance (defi) based mostly earnings, just like Neptune’s present strategy to treasury and asset administration.
Highlights:
- Pure is a three way partnership firm owned equally by LINK and Neptune — sharing equally in prices and crypto based mostly revenues
- The first Pure web site can be in Alberta, Canada the place LINK operates the vast majority of its BTC mining operations
- The Pure web site can be powered by clear vitality sources — Solar, wind, and minimal pure fuel
- Focused on improvement of a Pure carbon credit score token or NFT
Neptune’s President and Chief Executive Officer, Cale Moodie, commented: “We are extraordinarily excited with our second foray into Bitcoin mining with Link, and an environmentally sustainably centered operation at that. We see the way forward for Bitcoin mining to be an environmentally sustainable one and this flagship operation is more likely to be the primary of many services to be developed utilizing inexperienced sources.”
Link’s President and Chief Executive Officer, Stephen Jenkins, additionally commented: “The creation of Pure is the right step within the evolution of Link. We have discovered a like-minded companion in Neptune who understands the worth of inexperienced vitality and sees the identical enterprise alternative in making a sustainable path for the vitality necessities of BTC mining. The Pure 5 MW facility is barely the start of what we anticipate can be an revolutionary and worthwhile relationship.”
About Neptune Digital Assets Corp.
Neptune Digital Assets goals to be a cryptocurrency chief with a diversified portfolio of investments and cryptocurrency operations throughout the digital asset ecosystem together with bitcoin mining, tokens, proof-of-stake cryptocurrencies, decentralized finance (defi) and related blockchain applied sciences.
About Link Global Technologies Inc.
Link is engaged in offering infrastructure and working experience for digital mining and knowledge internet hosting operations. Link’s targets embrace finding and securing, for lease and choice to buy, properties with entry to low-cost, dependable energy, and deploying this low-cost energy to conduct digital mining and provide clear vitality and infrastructure for different data-hosting providers.
ON BEHALF OF THE BOARD
Cale Moodie, President and CEO
Neptune Digital Assets Corp.
1-800-545-0941
www.neptunedigitalassets.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that time period is outlined in insurance policies of the TSX Venture Exchange) accepts accountability for the adequacy or accuracy of this launch.
Forward-Looking Statements
This launch incorporates sure “ahead trying statements” and sure “forward-looking data” as outlined beneath relevant Canadian securities legal guidelines. Forward-looking statements and data can usually be recognized by the usage of forward-looking terminology equivalent to “could”, “will”, “anticipate”, “intend”, “estimate”, “anticipate”, “consider”, “proceed”, “plans”, “proposes” or comparable terminology. Forward-looking statements and data embrace, however should not restricted to, the completion of Pure’s first 5 MW BTC mining facility; the flexibility of Pure to be worthwhile; the Company’s future earnings and working prices; the Company’s future progress in whole property; the Company’s technique to buy crypto forex and optimize its crypto portfolio; the Company’s skill to successfully greenback value common its purchases of crypto forex; and the long run outlook of the crypto forex market usually. Forward-looking statements and data are based mostly on forecasts of future outcomes, estimates of quantities not but determinable and assumptions that, whereas believed by administration to be affordable, are inherently topic to important enterprise, financial and aggressive uncertainties, and contingencies. Forward-looking statements and data are topic to numerous recognized and unknown dangers and uncertainties, a lot of that are past the flexibility of the Company to regulate or predict, which will trigger the Company’s precise outcomes, efficiency or achievements to be materially totally different from these expressed or implied thereby, and are developed based mostly on assumptions about such dangers, uncertainties and different components set out herein, together with however not restricted to: the inherent dangers concerned within the cryptocurrency and normal securities markets; the Company’s skill to efficiently mine digital forex; income of the Company could not improve as at the moment anticipated, or in any respect; the Company could not be capable to profitably liquidate its present digital forex stock, or in any respect; a decline in digital forex costs could have a major unfavourable affect on the Company’s operations; the volatility of digital forex costs; uncertainties referring to the supply and prices of financing wanted sooner or later; the inherent uncertainty of manufacturing and value estimates and the potential for surprising prices and bills, forex fluctuations; regulatory restrictions, legal responsibility, competitors, lack of key staff and different associated dangers and uncertainties. The Company doesn’t undertake any obligation to replace forward-looking data besides as required by relevant legislation. Such forward-looking data represents administration’s greatest judgment based mostly on data at the moment accessible. No forward-looking assertion may be assured and precise future outcomes could fluctuate materially. Accordingly, readers are suggested to not place undue reliance on forward-looking statements or data.
