Neptune Digital Assets Corp. - The SiLLC Assembly

Neptune Announces Quarterly Results with 102% Increase in Gross Earnings over the Prior Quarter

Neptune Announces Quarterly Results with 102% Increase in Gross Earnings over the Prior Quarter

Vancouver, British Columbia–(May 2, 2022) – Neptune Digital Assets Corp. (TSXV: NDA) (OTC Pink: NPPTF) (FSE: 1NW) (“Neptune” or the “Company“), a blockchain technology and cryptocurrency leader in Canada, is pleased to announce that it has released its quarterly consolidated financial statements and management, discussion and analysis for the three and six months ended February 28, 2022.

Below are a number of financial highlights pertaining to the second quarter ending February 28, 2022 and for the period subsequent to year end up to the date of this news release.

Neptune earned $3,455,955 through Bitcoin mining and other income-generating activities during the three-month period ended February 28, 2022. This represents an increase of 102% over the prior quarter.
Neptune ended the quarter on February 28, 2022 with $62 million in assets and no debt. This equates to a slight decrease over the prior quarter due to cryptocurrency value fluctuation over the period. Neptune did not convert any cryptocurrency tokens into fiat currency with the exception of stable coins.
Total expenses for the six-month period were $1,255,808, including non-cash values of depreciation and foreign exchange loss.
Neptune’s two largest digital asset holdings as of the date of this release are 194 Bitcoin and 152,964 ATOM.
The Company also holds positions in FTM, TSHARE, DOT, DASH, Tomb, ETH, BCH, LTC, and a number of other tokens of immaterial values, as well as an investment in the Protocol Crypto Quant Fund valued at $6 million and a current cash/USD-loans/stablecoin balance of $23million for strategic acquisitions, Bitcoin mining rig purchases and operations.

“In spite of a pullback in cryptocurrency values from the first quarter, Neptune had a strong second quarter with a doubling in gross earnings,” stated Cale Moodie, Neptune CEO. “We have received another 53 petahash in mining rigs which are currently warehoused in the USA and those will be hashing as soon as possible. We hope to take advantage of any market weakness with our cashed-up balance sheet in terms of both rig acquisitions and general token purchases, all while appropriately managing market risk and exposure.”

Certain information provided in this news release is extracted from auditor reviewed financial statements and ‎management, discussion and analysis for the second quarter ended February 28, 2022 that are filed under the ‎Company’s profile on SEDAR and ‎should be read in conjunction with them. It is only in the context of ‎the information and disclosures ‎contained therein that an investor can properly analyze this ‎‎information. ‎

Operating and Financial Overview
($CAD)
	For the six months ended	February 28, 2022		February 28, 2021

	Mining revenue	765,632		–
	Mining expenses	(121,329	)	–
	Other income*	4,397,369		140,153
	Total earnings	5,041,672		140,153

	Depreciation**	419,504		–
	Stock based compensation**	184,214		1,300,683
	General expenses (recovery)	652,090		296,757

	Realized gain (loss) on settlements and sales	480,903		232,454
	Revaluation of digital currencies***	882,873		2,793,763
	Unrealized gain (loss) related to lending activities and short term investments	2,587,043		4,746,826
	Comprehensive income for the period	7,736,683		6,315,756
Financial Position
($CAD)

	As at	February 28, 2022		August 31, 2021
	Cash and cash loans	23,163,000		154,803
	Total digital assets	20,134,474		48,182,494
	Total other assets	18,803,034		6,338,384
	Total liabilities	273,013		769,083
	Total shareholders equity	61,827,495		53,906,598
	Working capital****	30,018,714		36,141,081

	* All non-Bitcoin mining revenue generating activities
	** Non-cash items
	*** Revaluation is calculated as the change in value (gain or loss) on the coin inventory. When coins are sold, the net difference between the proceeds and the carrying value of the digital currency (including the revaluation), is recorded as a gain (loss) on the sale of digital currencies
	**** Current assets less current liabilities

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, Company’s operations and sustainable future profitability; potential further improvements to the profitability and efficiency across operations by optimizing cryptocurrency mining output, continuing to lower direct mining operations cost structure, and maximizing existing electrical and infrastructure capacity including with new mining equipment; continued adoption of cryptocurrency. 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.

Disclaimer
This document contains forward-looking statements which are based on the current estimates and assumptions made by the assembly team of SiLLC. Forward-looking statements are characterized by the use of words such as expect, intend, plan, predict, assume, believe, estimate, anticipate, forecast and similar formulations. Such statements are not to be understood as in any way guaranteeing that those expectations will turn out to be accurate. Future performance and the results actually achieved by SiLLC and its affiliated groups depend on a number of risks and uncertainties and may therefore differ materially from the forward-looking statements. Many of these factors are outside SiLLC‘s control and cannot be accurately estimated in advance, such as the future economic environment and the actions of competitors and others involved in the marketplace. SiLLC neither plans nor undertakes to update forward-looking statements.

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 International.

Neptune Digital Assets Announces Arrival of Next Generation Bitcoin Miners

Neptune Digital Assets Announces Arrival of Next Generation Bitcoin Miners

Vancouver, British Columbia–(August 26, 2021) – Neptune Digital Assets Corp. (TSXV: NDA) (OTC Pink: NPPTF) (FSE: 1NW) (“Neptune” or the “Company“), a cryptocurrency leader in Canada, is pleased to inform shareholders that the Company’s recent purchase of two hundred new Antminer S19 Pro next-generation bitcoin ASIC mining machines announced July 7, 2021 have arrived in the United States and are securely warehoused awaiting distribution to the Company’s Bitcoin mining facility.

“We are quite pleased with our timing on this most recent purchase as rig prices have moved up a significant amount since we placed this order. This will add another 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 ‎ operational as soon as possible. We continue to source the best machines at competitive pricing as we scale our bitcoin mining operations cautiously and strategically with market forces in mind,” stated Cale Moodie, Neptune CEO. “As we have mentioned before, the COVID-19 pandemic continues to impact logistics and the supply of miners and we are working closely with our partners to maximize speed and decrease cost.”

At the time of this release and under prevailing cryptocurrency prices, Neptune Digital has total assets of approximately $54M and monthly revenues of $505,000 per month. The Company has no debt and no material liabilities at this time.

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 future rate of production from the Company’s bitcoin mining machines and the anticipated timing thereof; 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 impact of the COVID-19 pandemic on logistics and the supply of miners; the Company’s ability to work with its partners to maximize speed and decrease cost of delivery of bitcoin mining machines;‎ the revenues from the Company’s mining and staking operations; the future scaling of the Company’s bitcoin mining operations; 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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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.

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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