Neptune Digital Assets Announces Arrival of Next Generation Bitcoin Miners

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Vancouver, British Columbia – (Newsfile Corp. – August 26, 2021) – Neptune Digital Assets Corp. (TSXV: NDA) (OTC Pink: NPPTF) (FSE: 1NW) (“Neptune” or the “Company”), a leading Canadian cryptocurrency, is pleased to inform shareholders that the recent purchase by the company of two hundred new next-generation ASIC bitcoin mining machines Antminer S19 Pro announced on July 7, 2021 has arrived in the United States and is safely stored pending distribution to the company’s Bitcoin mining facility.

“We are very pleased with the timing of this most recent purchase as platform prices have increased significantly since we placed this order. This will add an additional 22,000 TH / s of capacity to our existing 12,000 TH / s and we look forward to working with Luxor and our US partners to get these new bitcoin mining machines up and running as soon as possible. We continue to source the best machines at competitive prices as we develop our bitcoin mining operations prudently and strategically with market forces in mind, ”said Cale Moodie, CEO of Neptune. “As we mentioned earlier, the COVID-19 pandemic continues to impact the logistics and supply of miners and we are working closely with our partners to maximize speed and reduce costs.”

At the time of this publication and at current cryptocurrency prices, Neptune Digital has total assets of approximately $ 54 million and monthly revenues of $ 505,000 per month. The Company does not currently have any significant debt or liabilities.

About Neptune Digital Assets Corp.

Neptune Digital Assets (TSXV: NDA) is one of the premier publicly traded blockchain companies in Canada and is a leader in cryptocurrency with diversified assets and cryptocurrency operations in the digital asset ecosystem. , including bitcoin mining, tokens, proof of stake cryptocurrencies, decentralized finance (DeFi) and associated blockchain technologies.

ON BEHALF OF THE BOARD

Cale Moodie, President and CEO Neptune Digital Assets Corp. 1-800-545-0941 www.neptunedigitalassets.com

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Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-looking statements

This press release contains certain “forward-looking statements” and certain “forward-looking information” as defined by applicable Canadian securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terms such as “may”, “will”, “expect”, “intend”, “estimate”, “anticipate”, ” believe “,” continue “,” plans “,” propose “or similar terminology. Forward-looking statements and information include, without limitation, the future production rate of the Company’s bitcoin mining machines and the timing expected of it; the expected timing of the commissioning of the Company’s new bitcoin mining machines; the company’s future ability to source the best bitcoin mining machines at competitive prices; the impact of the COVID-19 pandemic on logistics and supply of miners; the Company’s ability to work with its partners to maximize the speed and reduce the costs of delivering bitcoin mining machines; revenues from operations exp the Company’s mining and staking; the future scaling up of the Company’s bitcoin mining operations; and the future outlook for the cryptocurrency market in general. Forward-looking statements and information are based on forecasts of future results, estimates of amounts not yet determinable and assumptions which, although considered reasonable by management, are inherently subject to significant commercial, economic and competitive uncertainties and to contingencies. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the Company’s ability to control or predict, which may result in the actual results, performance or achievements of the Company being materially. different from those expressed. or implied, and are developed based on assumptions regarding those risks, uncertainties and other factors set forth herein, including, but not limited to: the risks inherent in the cryptocurrency and securities markets in general; the Company’s ability to successfully mine digital currency; the Company’s revenues may not increase as currently expected, or not at all; the Company may not be able to profitably liquidate its current inventory of digital currencies, if at all; a fall in the prices of digital currencies may have a material negative impact on the operations of the Company; the price volatility of digital currencies; uncertainties about the availability and costs of necessary funding in the future; the inherent uncertainty of production and cost estimates and the potential for unforeseen costs and expenses, currency fluctuations; regulatory restrictions, liability, competition, loss of key employees and other related risks and uncertainties. The Company does not undertake any obligation to update forward-looking information, except as required by applicable law. This forward-looking information represents management’s best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary significantly. Therefore, readers are advised not to place undue reliance on forward-looking statements or information.

(All dollar amounts are in Canadian dollars, unless otherwise indicated)

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/94497

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