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Neptune Digital Assets Announces the Release of Audited Financial Statements with a 1069% Increase in Total Revenues Over Prior Year

VANCOUVER, British Columbia – March 25, 2023 – Neptune Digital Assets Corp. (TSX-V:NDA) (OTC:NPPTF) (FSE:1NW) (“Neptune” or the “Company“), one of the first publicly traded blockchain companies in Canada, is pleased to announce that it has released its August 31, 2022 annual audited consolidated financial statements and management, discussion and analysis.

Below are a number of financial highlights pertaining to the August 31, 2022 year-end and for the period subsequent to year-end and up to the date of this news release.

Neptune ended the year on August 31, 2022 with $36.0 million in assets and no debt.

Neptune earned total revenues and other income of $7,405,529 through Bitcoin mining, staking, DeFi and other income-generating activities during the year.

Of the $18.9 million dollar net comprehensive loss for the year ended August 31, 2022, $16.3 million is related to a decrease in the fair values and impairments of underlying cryptocurrency assets and investments held and another $7.17 million related to a write-down in the value of mining rigs to fair market value.

Neptune mined $1,468,243 worth of Bitcoin up to August 31, 2022. As of the date of this release, Neptune had a total balance of 235 Bitcoin in cold storage and an additional 64 Bitcoin under chapter 11 claims with Genesis and Celsius, the outcome of those claims is currently unknown. Neptune currently does not sell its Bitcoin and all Bitcoin is now stored in cold storage.

Neptune’s two largest digital asset holdings as of the date of this release are 235 BTC and 174,000 ATOM. The Company also holds positions in ETH, FTM, wMemo, DASH, Lif3, Tomb and a number of other tokens, as well as an investment in SpaceX valued at approximately $2 million USD.

Neptune has also started to slowly increase its holdings of artificial intelligence (AI) cryptocurrency assets, namely Graph (GRT) and OCEAN tokens.
Current cash balance is $12 million held with a tier 1 Canadian bank and another $4 million USD under Chapter 11 claim with Genesis Lending with the outcome currently unknown

“In spite of much of 2022 being a devastating year for most companies in the Bitcoin mining and crypto currency space, Neptune managed to grow our income substantially over the prior year. Much of our loss on the income statement relates to unrealized losses and changes in fair value of the underlying assets, fortunately when times are good those values will rise again” stated Cale Moodie, Neptune CEO. “We were very disappointed by the late filing of the financial statements, however industry changes and late-stage adjustments made the delays unavoidable. We hope to avoid this in the future and appreciate our shareholders patience through the last few months of financial reporting struggles. We are optimistic about 2023 and our focus in this volatile market will be to continue to grow cryptocurrency revenues and enhance our balance sheet. Even though the past year has been difficult for cryptocurrency, in addition to most asset classes and the overall global economy, we are more optimistic than ever of the long-term value of the cryptocurrency industry and Neptune.”

About Neptune Digital Assets Corp.

Neptune Digital Assets Corp. is one of the first publicly traded blockchain companies in Canada and is a cryptocurrency and blockchain infrastructure leader with operations across the digital asset ecosystem including Bitcoin mining, proof-of-stake mining, blockchain nodes, decentralized finance (DeFi), and other 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 the policies of the TSX ‎Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.‎

Forward-Looking Statements

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 transactions are carried out by The SiLLC Assembly, 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 provide 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 relate to The SiLLC Assembly International.

Neptune Digital Assets Announces a Record 950% Increase in Comprehensive Annual Income and 1,400% Growth in Net Asset Value

Neptune Digital Assets Announces a Record 950% Increase in Comprehensive Annual Income and 1,400% Growth in Net Asset Value

Vancouver, British Columbia–(Newsfile Corp. – December 30, 2021) – Neptune Digital Assets Corp. (TSXV: NDA) (OTC Pink: NPPTF) (FSE: 1NW) (“Neptune” or the “Company“) is pleased to announce that it has released its August 31, 2021 annual audited consolidated financial statements and management, discussion and analysis.

Below are a number of financial highlights pertaining to the August 31, 2021 year end and for the period subsequent to year end up to the date of this news release.

Neptune ended the year on August 31, 2021 with $55 million in assets and no debt. As of the date of this news release, the Company held approximately $70 million in total assets and no debt.
Neptune earned a total of $2,259,088 through Bitcoin mining and other income-generating activities during the year.
Cash operating costs for the year totaled $1,056,635 or $88,000 per month.
Neptune mined $358,701 worth of Bitcoin up to August 31, 2021. Subsequent to year end and up to the date of this release, Neptune earned another 31 Bitcoin, bringing the total Bitcoin balance to 141.
530 Bitcoin mining rigs equating to 53 petahash are expected to come online in the first calendar quarter of 2022 adding to existing revenue streams.
Neptune’s two largest digital asset holdings as of the date of this release are 141 BTC and 150,000 ATOM. The Company also holds positions in ETH, FTM, Tshare, TIME, LTC and a number of other tokens, as well as an investment in the Protocol Crypto Quant Fund valued at $7.6 million USD at the end of October and a current cash balance of $23.2 million for strategic acquisitions, Bitcoin mining rig purchases and operations.

“2021 has been a fantastic year for Neptune. Not only have we grown our balance sheet by 1400%, but we have also grown our earnings and diversified revenue streams to millions of dollars annually while maintaining very low operating costs,” stated Cale Moodie, Neptune CEO. “We expect our earnings to grow as we bring more Bitcoin miners online and take advantage of the unique opportunities provided in the DeFi space. We are extremely excited about 2022 and want to thank our shareholders for their steadfast support throughout the year.”

Operating and Financial Overview
($CAD)
	For the year ended	August 31, 2021	August 31, 2020

	Mining Revenue	358,701	0
	Other income*	1,900,387	162,073
	Total Earnings	2,259,088	162,073

	Depreciation**	177,764	0
	Stock based compensation**	5,589,958	(72,439	)
	General expenses	1,589,433	544,142

	Realized gain (loss) on settlements and sales	26,123	(2,581,693	)
	Revaluation of digital currencies***	8,484,594	3,527,474
	Unrealized gain related to lending activities and short term investments	2,802,719	21,098
	Comprehensive income for the year	6,215,369	657,249

Financial Position
($CAD)
	As at	August 31, 2021	August 31, 2020
	Cash	154,803	117,558
	Total digital assets	48,182,494	3,211,364
	Total other assets	6,338,384	470,036
	Total liabilities	769,083	233,818
	Total shareholders equity	53,906,598	3,565,140
	Working capital****	36,141,081	1,241,166

About Neptune Digital Assets Corp.
Neptune Digital Assets (TSXV: NDA) is one of the first publicly-traded blockchain companies in Canada and is a cryptocurrency and blockchain infrastructure leader with operations across the digital asset ecosystem including Bitcoin mining, proof-of-stake mining, blockchain nodes, decentralized finance (DeFi), and other 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, future earnings and potential yield from the Company’s DeFi program; the future success of the Company’s DeFi program and its potential to maximize returns for shareholders; future cryptocurrency prices; and the Company’s future earnings and revenues. 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 Digital Assets Announces Q3 Financial Summary and Corporate Update

Neptune Digital Assets Announces Q3 Financial Summary and Corporate Update

Vancouver, British Columbia–(July 28, 2021) – Neptune Digital Assets Corp. (TSXV: NDA) (OTC Pink: NPPTF) (FSE: 1NW) (“Neptune” or the “Company“), a cryptocurrency leader in Canada, is pleased to provide an update on the current financial position of the Company in advance of filing its Q3 consolidated interim financial statements for the nine-month period ended May 31, 2021.

“We are quite pleased with our revenue growth over the period and subsequent to period end. Neptune continues to operate on a very lean cash budget and earnings continue to grow as we expand our mining operations. We were very fortunate to be able to take advantage of the substantial market pullback with our newly raised capital to purchase mining rigs and crypto at a 50% discount from the top of the market”, stated Cale Moodie, Neptune CEO.

Below are a number of financial highlights pertaining to the period ended May 31, 2021 and subsequent to the period end:

The Company finished the nine months ended May 31, 2021 with $47.5M in total assets, an increase of 1,250% from the beginning of the year. The Company had $48.2M in assets as of the date of this release.
In the three months ended May 31, 2021, the Company had realized gains and other income related to staking, Bitcoin mining and other operations of $1,652,551.
Subsequent to May 31, 2021, the Company earned $158,000 USD from exercising Bitcoin put options at the Bitcoin low of roughly $29,000 USD.
The Company’s largest digital asset holdings as of the date of this release are 110 BTC, 143,100 ATOM, 1.44 million FTM, 290 ETH, and 2,075 DASH. The Company also holds positions in DOT, BCH, Litecoin, Stellar, NEO, OMG, QTUM as well as the investment in the Protocol Fund.
Neptune’s $250,000 USD investment in the Protocol Fund was valued at $1,737,959 as of May 31, 2021.
Neptune is currently earning $480,000 per month or $5.8M annualized as of the date of this release. This is expected to increase into the end of summer as an additional 22 PH/s of Bitcoin miners come online.
Neptune aims to have at least 75 PH/s of Bitcoin mining online by the end of the calendar year.
Neptune is continually purchasing Bitcoin and ETH in order to dollar cost average.
Neptune’s cash operating costs were approximately $652,000 for the nine months ended May 31, 2021 or approximately $72,000 per month.
Losses which occurred during the quarter ended May 31, 2021 relate to unrealized and non-cash amounts due to the pullback in cryptocurrency prices. These losses are required to flow through the income statement under International Financial Reporting Standards.

All financial information in this press release is prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board. The Company will file its consolidated interim financial statements for the nine-month period ended May 31, 2021 and associated management discussion and analysis under the Company’s profile on SEDAR at www.sedar.com on July 29, 2021.

About Neptune Digital Assets Corp.

Neptune Digital Assets (TSXV: 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

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 Company’s future earnings and expansion of mining operations; ; the future rate of production from the Company’s Bitcoin mining machines and the anticipated timing thereof; the revenues from the Company’s mining and staking operations; 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 including Bitcoin and ETH; 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.

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

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