Arcane Crypto orders its first batch of bitcoin miners

Arcane Crypto orders its first batch of bitcoin miners

Stockholm, September 8, 2021 – Arcane Crypto AB (“Arcane Crypto” or the “Company”) has today, through the Company’s subsidiary Arcane Green Data Services, which operates in the Arcane Green Data business unit, entered into a purchase agreement to acquire 352 Antminer s19 Pro (110 TH/s), representing a total of 38,720 Terra Hash (TH) of computing power, at a total cost of approximately SEK 35 million. The miners are expected to become operational during Q3 this year.

We expect our mining operation to bring substantial revenue to the Arcane Crypto group. At current market conditions, the miners we have ordered would generate around SEK 3.5 million in monthly revenue and be highly profitable. From Q1 next year, we have the hosting capacity to double this mining activity. In addition, we are exploring further scale up through new hosting arrangements. Mining is the mechanism securing the bitcoin blockchain and we are committed to securing the bitcoin blockchain in the cleanest way possible, with renewable energy.” – says Torbjørn Bull Jenssen, CEO Arcane Crypto.

He goes on and adds: “In addition, we see strong synergies with the rest of our portfolio in Arcane Crypto. Going forward we will explore product development around our mining operation, such as cloud mining and the use of derivatives trading to enhance risk management and drive profitability.”

The business of Arcane Green Data Services will be to produce and supply the raw data processing power, while other parts of the group focus on using the data processing power in the most optimal way, including, but not limited to, selecting the optimal mining arrangement and potentially using derivatives and other financial instruments to balance and optimise risk. At current market conditions, with a total global hash rate of approximately 130m TH/s (7 day average) and a bitcoin price of around USD 46,000, the 38,720 TH/s computing power represent a monthly income potential of around SEK 3.5 million for the Arcane Green Data group as a whole. In addition to the investment itself, Arcane will incur electricity, hosting and administrative costs related to the operation.

This information is information that Arcane Crypto AB is required to publish in accordance with the EU Market Abuse Regulation. The information was submitted, through the agency of the below contact person, for publication on 8 September 2021 at 08:00 CET.

For further information, please contact:

Torbjørn Bull Jenssen, CEO, Arcane Crypto AB

E-mail: ir@arcanecrypto.no

About Arcane Crypto

Arcane Crypto develops and invests in projects, focusing on bitcoin and digital assets. Arcane operates a portfolio of businesses, spanning the value chain for digital finance. As a group we deliver services targeting payments, investment, and trading. In addition, we have a media and research division.

Arcane has the ambition to become a leading player in the digital assets space by growing the existing businesses, invest in cutting edge projects, and through acquisitions and consolidation.

Subscribe to press releases and financial information: https://investor.arcanecrypto.se/

For more information, please visit: https://www.arcane.no/

The Company is listed on Nasdaq First North Growth Market and Mangold Fondkommission is Certified Adviser, tel. +46 8 5030 1550, e-mail: ca@mangold.se, web: www.mangold.se.

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Disclaimer
All transaction are carrying out by SiLLC, a private portfolio management assembly. This document is not an offer of securities for sale or investment advisory services. This document contains general information only and is not intended to represent general or specific investment advice. Past performance is not a reliable indicator of future results and targets are not guaranteed. Certain statements and forecasted data are based on current expectations, current market and economic conditions, estimates, projections, opinions and beliefs of SiLLC and/or its members. Due to various risks and uncertainties, actual results may differ materially from those reflected or contemplated in such forward-looking statements or in any of the case studies or forecasts. All references to SiLLC’s advisory activities relates to SiLLC Assembly International.

Neptune Digital Assets Announces Additional Purchase of Next Generation Bitcoin Miners

Neptune Digital Assets Announces Additional Purchase of Next Generation Bitcoin Miners

VANCOUVER, British Columbia – September 7, 2021 – Neptune Digital Assets Corp. (TSX-V:NDA) (OTC:NPPTF) (FSE:1NW) (“Neptune” or the “Company“), a cryptocurrency leader in Canada, is pleased to inform shareholders that the Company has purchased an additional set of new Antminer S19 Pro next-generation Bitcoin ASIC mining machines to support its expanding US operations.

The mining machines were sourced through Neptune’s growing network of global blockchain partners providing Neptune with the highest performing mining hardware available. The Antminer S19 Pro is the latest generation Bitcoin ASIC miner produced by leading hardware manufacturer Bitmain. The Antminer S19 Pro’s mining SHA-256 algorithm boasts a hashrate of 100 terahash per second (TH/s) with an energy efficiency of 29.5 joules per terahash (J/TH) and a power consumption of 3250W.

Neptune’s secured order of 530 Antminer S19 Pro machines is expected to be delivered in the coming months and will produce a combined hashrate of 53,000 terahash per second (TH/s). As always, Neptune will continue to work with partners and suppliers that focus on renewable power aligning with Neptune’s green Bitcoin initiative while providing competitive pricing.

 

“We are very pleased with our newest order of Antminer S19 Pro ‎machines which will add another 53,000 TH/s of capacity to our existing 22,000 TH awaiting deployment. We continue to source the best machines at competitive pricing with our strong industry relationships and we are focused on scaling our Bitcoin mining operations rapidly while keeping power costs as low as industry standards allow”, stated Cale Moodie, Neptune CEO. “We are very excited to show our shareholders results from our recent year ended August 31, 2021 and these audited metrics will be available prior to December 31, 2021.”

Today’s announcement is part of Neptune’s continuing strategy to grow our Bitcoin mining operations. Neptune intends to continue using operational profits to make investments in mining, staking, nodes, and other cryptocurrency projects.

Link Global update

Given the recent events in Alberta arising between Link Global and the Alberta Utilities Commission,  Neptune feels it is prudent to pursue other avenues of expansion and will be currently focusing on its American partners to expand renewable focused mining operations with all 730 new S19 Pro Bitcoin miners. Neptune  expects the rigs currently in Alberta  to produce Bitcoin at agreed upon petahash per Neptune’s legally binding MSA with Link Global. Neptune also notes these operations are becoming immaterial to the overall earnings of the Company as the additional 75,000 TH/s come online in the United States over the coming months. Pure Digital Power will remain undeveloped at this time given the US expansion efforts are looking substantially more profitable.

Corporate Update

Neptune remains highly profitable with 981 rigs either online or coming online within months and staking/interest revenue of approximately $350,000 per month. Our assets continue to grow daily while our expenses remain exceptionally low. Neptune currently has over $56M in assets on its balance sheet and zero debt.

About Neptune Digital Assets Corp.

Neptune Digital Assets (TSX-V:NDA) is one of the first publicly-traded blockchain companies in Canada and is a cryptocurrency leader with diversified assets and cryptocurrency operations across 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

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

Forward-Looking Statements

This release contains certain “forward looking statements” and certain “forward-looking information” as defined under applicable Canadian securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as “may”, “will”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “continue”, “plans”, “proposes” or similar terminology. Forward-looking statements and information include, but are not limited to, the future rate of production from the Company’s new Bitcoin mining machines; the anticipated timing of the Company’s new Bitcoin mining machines becoming operational; the Company’s future ‎ability to source the best bitcoin mining machines at competitive pricing;‎ the revenues from the Company’s mining and staking operations; the future scaling of the Company’s Bitcoin mining operations and the anticipated timing thereof; the Company’s strategy to increase its Bitcoin mining operations; the Company’s intended use of operational profits to make investments in mining and other revenue generating programs in staking, nodes and other cryptocurrency projects; the Company’s strategy to pursue the expansion of renewable focused mining operations with its American partners; the Company’s overall earnings and revenues and the future materiality of each segment of the Company’s operations; the future profitability of the Company’s US expansion efforts; the Company’s future asset growth and operational expenses; and the future outlook of the crypto currency market generally. Forward-looking statements and information are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that, while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties, and contingencies. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of the Company to control or predict, that may cause the Company’s actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein, including but not limited to: the inherent risks involved in the cryptocurrency and general securities markets; the Company’s ability to successfully mine digital currency; revenue of the Company may not increase as currently anticipated, or at all; the Company may not be able to profitably liquidate its current digital currency inventory, or at all; a decline in digital currency prices may have a significant negative impact on the Company’s operations; the volatility of digital currency prices; uncertainties relating to the availability and costs of financing needed in the future; the inherent uncertainty of production and cost estimates and the potential for unexpected 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. Such 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 materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.

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Disclaimer
All transaction are carrying out by SiLLC, a private portfolio management assembly. This document is not an offer of securities for sale or investment advisory services. This document contains general information only and is not intended to represent general or specific investment advice. Past performance is not a reliable indicator of future results and targets are not guaranteed. Certain statements and forecasted data are based on current expectations, current market and economic conditions, estimates, projections, opinions and beliefs of SiLLC and/or its members. Due to various risks and uncertainties, actual results may differ materially from those reflected or contemplated in such forward-looking statements or in any of the case studies or forecasts. All references to SiLLC’s advisory activities relates to SiLLC Assembly International.

DeFi Technologies’ Wholly Owned Subsidiary Valour Reaches $208m USD in AUM – A Doubling of AUM in 2 Months

DeFi Technologies’ Wholly Owned Subsidiary Valour Reaches $208m USD in AUM – A Doubling of AUM in 2 Months

TORONTO, Sept. 7, 2021 /PRNewswire/ – DeFi Technologies Inc. (the “Company” or “DeFiTechnologies“) (NEO: DEFI) (OTC: DEFTF) (GR: RMJR) announces that its wholly owned subsidiary, Valour Inc, the pioneering issuer of digital asset exchange traded products (“ETPs“), has surpassed US$208 million (1.7 billion Swedish Krona (“SEK“)) in assets under management (“AUM“), marking an exceptional first eight months of 2021 which has seen AUM leap more than 1400% since the start of 2021 . As of September 7, 2021, Valour’s AUM stood at an impressive US$208m, an equivalent of over 1.7bn SEK.

Following the press release dated August 18, 2021 the growth in AUM reflects nearly a US$70m increase in under one month and a doubling in two months. With German listings anticipated this month and an aggressive global marketing campaign planned, Valour’s AUM should grow substantially in the next few months. Furthermore numerous new products will be launched in the coming weeks and months in response to investor demand which will also drive AUM growth.

Russell Starr, DeFi Technologies’ Executive Chairman states: “The Valour team has done an exceptional job launching innovative exchange traded products (ETPs), bridging the gap between crypto/defi protocols and traditional equity products. With numerous other ETPs planned for release, rapid AUM growth and our anticipated listings in Germany, shareholders have much to look forward to not just on the AUM front but also in terms of revenues, income and global exposure to the rapidly growing Defi sector.”

Founded in 2019, Valour has spent two years developing its proprietary platform and growing its team, including the hiring of Diana Biggs, previously Global Head of Innovation at HSBC Private Banking as CEO. Valour was acquired by DeFi Technologies in March of this year.

Take-up is going from strength to strength as Valour offers fully hedged products with low to zero management fees. Valour’s largest product, Bitcoin Zero, the first fully hedged, passive investment product with Bitcoin (“BTC“) as its underlying asset and charging zero management fees, has grown its assets by 1400% since the start of the year.

Meanwhile, Valour’s Polkadot (“DOT“) and Cardano (“ADA”) ETPs are the first DOT and ADA ETPs in the Nordics, and the lowest fee DOT and ADA ETPs in the world. Its BTC and Ethereum products are completely fee-free, a global first for such products with competitors charging up to 2.5% in management fees.

Diana Biggs, CEO of Valour, stated: “The continuing strong growth in our AUM is reflective of increasing investor demand for what we are building, with consistent net inflows into all of our products. We’re delighted to be providing the Nordics with the most accessible digital asset ETPs on the market and are extremely excited to soon be bringing not only more innovative products but launching in new geographies as well.”

Breakdown of Total AUM:

BTC Zero: 76´687´000 USD (record)

ETH Zero: 55´635′ 000 USD

ADA Valour: 58′ 099´000 USD

DOT Valour: 17´859´000 USD (record)

Total AUM: 208´280′ 000 USD

About Valour Inc.:

Valour In. issues exchange-listed financial products that enable retail and institutional investors to access investment in disruptive innovations, such as digital assets, in a simple and secure way. Established in 2019 and with offices in Zug, Switzerland, Valour is a wholly owned subsidiary of DeFi Technologies Inc. (NEO: DEFI, GR:RMJR, OTC: DEFTF). For more information on Valour, visit www.valour.com.

About DeFi Technologies:

DeFi Technologies Inc. is a Canadian company that carries on business with the objective of enhancing shareholder value through building and managing assets in the decentralized finance sector. For more information visit https://defi.tech/

Cautionary note regarding forward-looking information:

This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, Valour and its business plans; development of new financial product by Valour; growth of Valour’s AUM; uplisting of ETPs in Germany; global marketing campaign; the decentralized finance industry and the merits or potential returns of any such opportunities. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company, as the case may be, to be materially different from those expressed or implied by such forward-looking information. Such risks, uncertainties and other factors include , but is not limited to, the growth and development of the DeFi and cryptocurrency sector, rules and regulation with respect to DeFi, regulatory approval of ETPs, future adoption of Valour’s ETPs and effectiveness of any marketing campaign. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

THE NEO STOCK EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

SOURCE DeFi Technologies, Inc.

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Disclaimer
All transaction are carrying out by SiLLC, a private portfolio management assembly. This document is not an offer of securities for sale or investment advisory services. This document contains general information only and is not intended to represent general or specific investment advice. Past performance is not a reliable indicator of future results and targets are not guaranteed. Certain statements and forecasted data are based on current expectations, current market and economic conditions, estimates, projections, opinions and beliefs of SiLLC and/or its members. Due to various risks and uncertainties, actual results may differ materially from those reflected or contemplated in such forward-looking statements or in any of the case studies or forecasts. All references to SiLLC’s advisory activities relates to SiLLC Assembly International.


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