VANCOUVER, British Columbia, March 15, 2021 (GLOBE NEWSWIRE) — Neptune Digital Property Corp. (TSX-V:NDA) (OTC:NPPTF) (FSE:1NW) (“Neptune” or the “Firm“), a cryptocurrency chief in Canada, is happy to announce it has achieved its highest revenue outcomes since its preliminary itemizing in January 2018. These are preliminary outcomes for the second quarter ended on February 28, 2021.
“We’re extraordinarily happy with our file setting quarter. We’re persevering with to strengthen our basis in decentralized finance (DeFi), staking, and blockchain applied sciences which is proving to be a strong progress technique. With our bitcoin mining operations coming on-line in a matter of weeks, we count on substantial revenue progress and our asset base to proceed on this trajectory,” acknowledged Cale Moodie, Neptune CEO.
Under are a variety of monetary highlights pertaining to the three months ended February 28, 2021:
- The Firm has achieved a optimistic web complete revenue of $6.07 million for the three months ended February 28, 2021,
- Neptune had a 200% progress in whole property from November 30, 2020 to February 28, 2021,
- The Firm’s largest digital asset holdings as of the date of this launch are 82 BTC, 139,150 ATOM, 1.44 million FTM, 210 ETH, and a couple of,030 DASH. The Firm additionally holds positions in BCH, Litecoin, Stellar, NEO, OMG, QTUM in addition to the funding within the Protocol Fund,
- Neptune’s funding within the Protocol Fund of $250,000 USD is now valued at $1.8 million USD as of February 28, 2021,
- Neptune’s funding in Fantom (FTM) has elevated over 1,000% in worth,
- DeFi and proof-of-stake earnings have doubled over the identical interval final 12 months and as of the date of this information launch earnings associated to defi and staking have elevated 500% over prior 12 months,
- Neptune is regularly buying crypto in an effort to greenback price common and is all the time optimizing its crypto portfolio in an effort to maximize progress for shareholders,
- Neptune’s money working prices have been roughly $226,000 for the 6 months ended February 28, 2021 or roughly $37,000 per thirty days.
“We have now now proven the earnings and asset progress potential when investing in viable cryptocurrency ecosystems. We additionally proceed to function Neptune on a really lean finances in an effort to maximise shareholder worth and produce on new income streams reflecting those self same price efficiencies, as we intend to do with our mining operations,” acknowledged Cale Moodie, Neptune CEO.
All monetary data on this press launch is ready in accordance with Worldwide Monetary Reporting Requirements as issued by the Worldwide Accounting Requirements Board. The Firm will file its consolidated interim monetary statements for the six-month interval ended February 28, 2021 and related administration dialogue and evaluation underneath the Firm’s profile on SEDAR at www.sedar.com on or earlier than March 30, 2021.
About Neptune Digital Property Corp.
Neptune Digital Property 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.
ON BEHALF OF THE BOARD
Cale Moodie, President and CEO
Neptune Digital Property Corp.
This launch comprises sure “ahead trying statements” and sure “forward-looking data” as outlined underneath relevant Canadian securities legal guidelines. Ahead-looking statements and data can usually be recognized by means of forward-looking terminology equivalent to “could”, “will”, “count on”, “intend”, “estimate”, “anticipate”, “consider”, “proceed”, “plans”, “proposes” or comparable terminology. Ahead-looking statements and data embrace, however should not restricted to, the Firm’s future earnings and working prices; the Firm’s future progress in whole property; the Firm’s technique to buy crypto foreign money and optimize its crypto portfolio; the Firm’s potential successfully greenback price common its purchases of crypto foreign money; and the long run outlook of the crypto foreign money market usually. Ahead-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 vital enterprise, financial and aggressive uncertainties, and contingencies. Ahead-looking statements and data are topic to varied recognized and unknown dangers and uncertainties, lots of that are past the power of the Firm to manage or predict, that will trigger the Firm’s precise outcomes, efficiency or achievements to be materially completely different from these expressed or implied thereby, and are developed based mostly on assumptions about such dangers, uncertainties and different elements set out herein, together with however not restricted to: the inherent dangers concerned within the cryptocurrency and common securities markets; the Firm’s potential to efficiently mine digital foreign money; income of the Firm could not enhance as at present anticipated, or in any respect; the Firm could not be capable of profitably liquidate its present digital foreign money stock, or in any respect; a decline in digital foreign money costs could have a major unfavorable influence on the Firm’s operations; the volatility of digital foreign money costs; uncertainties regarding the supply and prices of financing wanted sooner or later; the inherent uncertainty of manufacturing and price estimates and the potential for sudden prices and bills, foreign money fluctuations; regulatory restrictions, legal responsibility, competitors, lack of key staff and different associated dangers and uncertainties. The Firm doesn’t undertake any obligation to replace forward-looking data besides as required by relevant legislation. Such forward-looking data represents administration’s finest judgment based mostly on data at present obtainable. No forward-looking assertion might be assured and precise future outcomes could differ materially. Accordingly, readers are suggested to not place undue reliance on forward-looking statements or data.