Neptune - 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 a Record Fiscal First Quarter with $13 Million in Comprehensive Income

Neptune Digital Assets Announces a Record Fiscal First Quarter with $13 Million in Comprehensive Income

Vancouver, British Columbia–(January 31, 2022) – Neptune Digital Assets Corp. (TSXV: NDA) (OTC Pink: NPPTF) (FSE: 1NW) (“Neptune” or the “Company“) is pleased to announce that it has released its November 30, 2021 quarterly consolidated financial statements and management, discussion and analysis for the three months ending November 30, 2021.

Below are a number of financial highlights pertaining to the first quarter ending November 30, 2021 and for the period subsequent to year end up to the date of this news release.

Neptune ended the quarter on November 30, 2021 with $67 million in assets and no debt. This equates to an increase of 23% in asset value over August 31, 2021 year end.
Neptune earned $1,707,046 through Bitcoin mining and other income-generating activities during the three-month period ending November 30, 2021.
Total expenses for the three-month period were $193,308 or $64,436 per month.
Subsequent to November 30, 2021 and up to the date of this release, Neptune earned an additional 35 Bitcoin, bringing the total Bitcoin balance to 160.
530 Bitcoin mining rigs, equating to 53 petahash, are expected to come online in the first calendar quarter of 2022 adding to the existing 22 petahash of capacity.
Neptune’s two largest digital asset holdings as of the date of this release are 160 BTC and 151,000 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 $8.2 million at the end of November and a current cash balance of $23.1 million for strategic acquisitions, Bitcoin mining rig purchases and operations.

“Neptune had an amazing first quarter with a $12.6 million increase in assets on our balance sheet and $13 million in comprehensive income,” stated Cale Moodie, Neptune CEO. “We hope to see the general crypto space grow as we move forward into 2022 and our Bitcoin mining, staking, and DeFi earnings to increase accordingly as we grow those arms of the business. We anticipate another 53 petahash of mining capacity to come online in Q2 thus growing our Bitcoin earnings. We are staying true to our diversified model and will continue to manage our risk while maximizing our earnings across the board.”

Certain information provided in this news release is extracted from audited financial statements and ‎management, discussion and analysis for the first quarter ended November 30, 2021 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 three months ended	November 30, 2021	November 30, 2020

	Mining Revenue	293,794	–
	Other income*	1,413,252	44,862
	Total Earnings	1,707,046	44,862

	Depreciation**	159,818	–
	Stock based compensation**	184,214	10,416
	General expenses (recovery)	(150,724)	105,008

	Realized gain (loss) on settlements and sales	367,633	1,810
	Revaluation of digital currencies***	6,111,989	459,439
	Unrealized gain related to lending activities and short term investments	4,935,551	(143,877)
	Comprehensive income for the period	12,928,911	246,810

Financial Position
($CAD)
	As at	November 30, 2021	August 31, 2021
	Cash and cash loans	27,269,572	154,803
	Total digital assets	22,335,525	48,182,494
	Total other assets	17,687,525	6,338,384
	Total liabilities	272,899	769,083
	Total shareholders equity	67,019,723	53,906,598
	Working capital****	42,938,925	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

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.

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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

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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