Neptune Proclaims Extra 53,000 Terahash of Bitcoin Miners Now in Operation

Neptune Proclaims Extra 53,000 Terahash of Bitcoin Miners Now in Operation

Vancouver, British Columbia–(Newsfile Corp. – September 21, 2022) – Neptune Digital Belongings Corp. (TSXV: NDA) (OTC Pink: NPPTF) (FSE: 1NW) (“Neptune” or the “Firm“), a pacesetter in blockchain and cryptocurrency expertise in Canada, is happy to announce that it has introduced a further 53 petahash per second (PH/s) of mining capability on-line and these machines are actually producing bitcoin.

New Bitcoin ASIC mining machines

These Antminer S19 Professional Bitcoin miners have been examined, put in and are actually producing Bitcoin. The Antminer S19 Professional is the newest technology Bitcoin ASIC miner produced by the main {hardware} producer Bitmain. The Antminer S19 Professional’s SHA-256 mining algorithm has a hashrate starting from 96 to 104 terahash per second (TH/s) with an influence effectivity of 29.5 joules per terahash (J/TH) and an influence consumption of of 3250 W. The deployment of the Bitcoin miner collectively produces a complete of 52,496 terahash per second. The brand new Bitcoin miners are carried out utilizing the Luxor mining pool and are housed in a state-of-the-art facility within the US owned and operated by Aspen Creek Digital Company (ACDC). Launched in 2022, ACDC’s mission is to catalyze the decarbonization of energy technology by constructing the world’s main fleet of renewable energy-powered high-performance computing services.

“We’re happy to lastly have the ability to incorporate the extra 53 petahash of mining capability acquired on the finish of 2021. The mining enterprise has been difficult for the final 12 months, nonetheless it nonetheless stays worthwhile and we’ll proceed to rigorously develop these operations whereas we’re centered on value financial savings and revenue margins We stay up for a fruitful partnership with Aspen the place we will develop our renewable power centered mining operations We’re lucky to have the monetary wherewithal to reap the benefits of the present bear market and purchase property at a reduction utilizing raised money on the peak of the bull cycle,” mentioned Cale Moodie, CEO of Neptune.

Issuance of inventory choices

The Firm proclaims the grant of inventory choices to buy as much as 2,000,000 frequent shares within the Firm’s capital to sure administrators and officers of the Firm in accordance with the phrases of the Firm’s inventory possibility plan. The inventory choices will likely be exercisable at $0.23 per frequent share and for a interval of 10 years from the date of problem.

About Neptune Digital Belongings Corp.
Neptune Digital Belongings (TSXV: NDA) is without doubt one of the first publicly traded blockchain firms in Canada and is a pacesetter in cryptocurrency and blockchain infrastructure with operations throughout the digital asset ecosystem, together with Bitcoin mining, Bitcoin mining, proof of stake, blockchain nodes, decentralized finance (DeFi) and different related blockchain applied sciences.

ON BEHALF OF THE BOARD

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

Neither the TSX Enterprise Alternate nor its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the TSX ‎Enterprise Alternate) accepts accountability for the adequacy or accuracy of this launch.‎

Ahead-looking statements

This launch accommodates sure “forward-looking statements” and sure “forward-looking data” as outlined below relevant Canadian securities legal guidelines. Ahead-looking statements and knowledge can usually be recognized by means of forward-looking terminology comparable to “might”, “will”, “expects”, “intends”, “estimates”, “anticipates”, “believes”, “continues”. “, “plans”, “proposes” or related terminology. Ahead-looking statements and knowledge embrace, however should not restricted to, the Firm’s operations and sustainable future profitability; doable additional enhancements to profitability and effectivity in all operations by optimizing cryptocurrency mining output, persevering with to cut back the associated fee construction of direct mining operations, and maximizing present infrastructure and electrical capability, together with with new mining gear; continued cryptocurrency adoption; the effectiveness of Antminer miners S19 Professional Bitcoin, estimated hashrate ranges from 96 to 104 Terahash per second (TH/s) with an influence effectivity of 29.5 Joules per Terahash (J/TH), energy consumption of 3250W and the deployment collectively produces a complete of 52,496 terahash per second; any assertion associated to the grant of inventory choices to sure administrators and officers of Neptune. Ahead-looking statements and knowledge are based mostly on forecasts of future outcomes, estimates of quantities that will not but be decided, and assumptions that, whereas administration believes to be cheap, are inherently topic to vital enterprise, financial, and aggressive uncertainties and contingencies. Ahead-looking statements and knowledge are topic to numerous identified and unknown dangers and uncertainties, a lot of that are past the Firm’s skill to regulate or predict, which can trigger the precise outcomes, efficiency or achievements of the Firm to are considerably totally different from these expressed. or implied thereby, and are developed based mostly on assumptions about such dangers, uncertainties and different components set forth herein, together with, however not restricted to: the inherent dangers concerned in cryptocurrencies and the securities markets usually; the Firm’s skill to efficiently mine digital forex; the Firm’s revenues might not enhance as at the moment anticipated, or in any respect; the Firm might not have the ability to profitably liquidate its present stock of digital forex, or in any respect; a drop within the costs of digital currencies might have a major unfavourable influence on the Firm’s operations; the volatility of the costs of digital currencies; uncertainties associated to the supply and prices of financing wanted sooner or later; the inherent uncertainty of value and manufacturing estimates and the opportunity of sudden prices and bills, forex fluctuations; regulatory restrictions, legal responsibility, competitors, lack of key workers and different associated dangers and uncertainties. The Firm undertakes no obligation to replace any forward-looking data, besides as required by relevant legislation. Such forward-looking data represents administration’s finest judgment based mostly on at the moment accessible data. No forward-looking assertion will be assured and precise future outcomes might differ materially. Accordingly, readers are cautioned to not place undue reliance on forward-looking statements or data.

To view the unique model of this information launch, please go to https://www.newsfilecorp.com/launch/137891

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