Arcane Crypto signs leasing contract for hosting of bitcoin miners, taking the first steps to establish a bitcoin mining business unit branded Arcane Green Data

PRESS RELEASE: Arcane Crypto signs leasing contract for hosting of bitcoin miners, taking the first steps to establish a bitcoin mining business unit branded Arcane Green Data

Arcane Crypto AB’s wholly owned subsidiary Arcane Green Data Services AS (under formation, “Arcane Green Data”), has today entered into a lease agreement for hosting capacity for bitcoin miners of up to 2.5 MW (the “Lease Contract”). The signing of the lease contract is a first step in forming a bitcoin mining business unit within Arcane Crypto, branded Arcane Green Data, and in line with Arcane Crypto’s strategy to develop and invest in projects focused on bitcoin and digital assets.

The lease contract for hosting of bitcoin miners has a start-up divided between August and Q1 2022 and is done at market terms for such hosting. It has a duration of three and a half years with an option to extend the contract for further two years.

The signing of the lease contract is a preparational step for the formation of a bitcoin mining business unit within Arcane under the brand Arcane Green Data. Arcane is currently negotiating acquisition of mining equipment, as well as finalizing the strategy of Arcane Green Data. The initial investment is expected to be completed without any need for Arcane to raise equity. Arcane will revert with further information regarding the strategy of Arcane Green Data once it has been resolved by the board.

“As China is turning away from bitcoin mining, the mining industry as a whole is becoming increasingly green and a driver for renewable energy around the world. Now is excellent timing for Arcane to enter into this segment,” says Torbjørn Bull Jenssen, CEO or Arcane. And he continues “Mining is a very interesting business stand alone, and it also has considerable synergies towards our other investments and business. I am looking forward to finalize the strategy for Arcane Green Data and present it in more detail for our partners and investors.”

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/

This information is such information Arcane Crypto AB is obliged to make public in accordance with the (EU) Market Abuse Regulation 596/2014. The information in this press release has been made public through the agency of the responsible person set out above for publication at the time stated by Arcane Crypto’s news distributor Bequoted at the publication of this press release. The responsible person above may be contacted for further information.

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 Expands Bitcoin Mining Operations Through a Partnership with Luxor Technology Corporation

Neptune Expands Bitcoin Mining Operations Through a Partnership with Luxor Technology Corporation

Vancouver, British Columbia–(May 26, 2021) –  NEPTUNE DIGITAL ASSETS CORP. (TSXV: NDA) (OTC: NPPTF) FSE: 1NW) (“Neptune” or the “Company”)  is pleased to announce that it has entered into a hashrate management agreement with Luxor Technology Corporation (Luxor). In this partnership, Neptune and Luxor will jointly work on hardware sourcing, mining machine hosting, and physical and virtual management of rigs, while utilizing Luxor’s proprietary mining pool technologies. This agreement enables Neptune to grow its North American Bitcoin mining operations by outsourcing critical hands-on expertise in order to keep internal costs and headcount as low as possible. The Company expects additional ASIC mining machines to come online through this partnership in the next 90 days, while it carefully navigates ASIC price swings during volatile Bitcoin moves.

“We are pleased to launch our initiative with Luxor in the United States and look to grow that relationship and our associated mining operations in the coming weeks and months”, stated Cale Moodie,  Neptune’s Chief Executive Officer. “We are excited to leverage Luxor’s deep expertise in Bitcoin mining, ASIC markets, hashrate management, and pool services to build a highly profitable mining program. Neptune is positioned extremely well given $40M in capital was raised towards the near-term market top and now we can secure assets at much lower prices. The market timing has worked in our favor and we reiterate to our shareholders, that in this sector, patience pays off.”

“Luxor is very excited to work with Neptune on growing its mining operations. Neptune’s professional team will combine with our experience in hashrate management and pool services to allow us to maximize hashrate earnings, creating a mutually beneficial relationship,” stated Ethan Vera, Luxor COO.

At the time of this release, Neptune’s staking operations currently generates $360,000 per month and Neptune currently holds $47.1M in cash and digital assets. The Company now holds 100 BTC, 270 ETH, 141,000 ATOM, 2,055 DASH, 1,439,481 FTM, and positions in LTC, DOT, BCH, Stellar, NEO, OMG, and QTUM; as well as its investment in the Protocol Quant Fund. The Company has 298 ASIC S17 Bitcoin mining machines currently hosted with Link Global Technologies.

About Neptune Digital Assets Corp.

Neptune Digital Assets aims to be 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.

About Luxor Technology Corporation

Luxor is a fast-growing technology company that is shaping the future of hashrate as a commodity, building the next-generation digital pipelines for computer power. Luxor is backed by notable investors such as Argo Blockchain, Bitnomial, Celsius Network, Routemaster Capital, and more. Luxor also runs Hashrate Index, the leading crypto-mining data website.

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 anticipated total hash rate of the S17 Bitcoin mining machines; the completion of Pure Digital Power Corp.’s renewable powered Bitcoin mining facility; the future scaling of the Company’s Bitcoin mining operations; the Company’s ability to grow and optimize its proof of stake operations; the Company’s future earnings and operating costs; the Company’s future growth in total assets; the Company’s strategy to purchase crypto currency and optimize its crypto portfolio; the Company’s ability effectively dollar cost average its purchases of crypto currency; 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.

Neptune Commences Bitcoin Mining Operations and Provides Corporate Update

Neptune Commences Bitcoin Mining Operations and Provides Corporate Update

Vancouver, British Columbia — (April 28, 2021) – NEPTUNE DIGITAL ASSETS CORP. (TSXV: NDA) (OTC: NPPTF) (FSE:1NW) (“Neptune” or the “Company”) is pleased to announce that Neptune’s initial purchase of 300 Bitmain S17 Bitcoin mining machines have landed in Calgary, Alberta, have been thoroughly tested and are now being installed within Link Global Technologies’ hosting facilities and will be generating a total hash rate of 15,512 Terahash per second (Th/s). The Company will provide further updates as to the machine economics over the coming weeks and as more machines are received and come online.

Neptune is also pleased to share these additional operational and financial highlights:

  • Neptune is currently generating approximately $400,000 per month in staking earnings.
  • Neptune’s balance sheet now has $53M in cash and digital assets.
  • The Company now holds 91 BTC, 236 ETH, 139,800 ATOM, 2,042 DASH, 1,439,481 FTM, and smaller investments in LTC, BCH, Stellar, NEO, OMG, and QTUM.
  • The Company’s initial investment of $250,000 in the Protocol Quant fund is now valued at $2.34M based on the Protocol Quant report on March 31, 2021.
  • Neptune and Link Global have selected two potential sites for Pure Digital Power Corp. to build out it’s renewable powered Bitcoin mining facility.
  • Neptune’s 50% owned Pure Digital Power Corp. has signed a non-binding LOI for up to 20 MW of solar power at fixed rate pricing.

Neptune’s President and Chief Executive Officer, Cale Moodie, commented: “We are thrilled to inform our shareholders that we have now commenced Bitcoin mining operations. We will push forward to expand our aggregate operating hash rate as mining rigs become available now that we are well capitalized to do so. We remind our shareholders that COVID-19 may impact the logistics and supply of mining units. We are also very pleased with the profits being generated in our proof-of-stake operations and will continue to grow and optimize that business segment.”

Neptune is also pleased to announce that it has granted stock options to certain directors, officers and employees of the Company to purchase an aggregate of 4.2M common shares pursuant to the Company’s share compensation plan with an exercise price of $1.03 per common share. The stock options are exercisable for 10 years from the date of grant.

About Neptune Digital Assets Corp.

Neptune Digital Assets aims to be a cryptocurrency leader with a diversified portfolio of investments 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 anticipated total hash rate of the S17 Bitcoin mining machines; the completion of Pure Digital Power Corp.’s renewable powered Bitcoin mining facility; the future scaling of the Company’s Bitcoin mining operations; the Company’s ability to grow and optimize its proof of stake operations; the Company’s future earnings and operating costs; the Company’s future growth in total assets; the Company’s strategy to purchase crypto currency and optimize its crypto portfolio; the Company’s ability effectively dollar cost average its purchases of crypto currency; 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.


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