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Litecoin worth – Neptune Digital Property Hits Document Earnings of $6 Million for the Second Quarter 2021
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VANCOUVER, British Columbia, March 15, 2021 (GLOBE NEWSWIRE) — Neptune Digital Property Corp. (TSX-V: NDA) (OTC: NPPTF) (FSE: 1NW) (“Neptune” or the “Firm“), a cryptocurrency chief in Canada, is happy to announce it has achieved its highest revenue outcomes since its preliminary itemizing in January 2018. These are preliminary outcomes for the second quarter ended on February 28, 2021.
“We’re extraordinarily happy with our report setting quarter. We’re persevering with to strengthen our basis in decentralized finance (DeFi), staking, and blockchain applied sciences which is proving to be a strong progress technique. With our bitcoin mining operations coming on-line in a matter of weeks, we count on substantial revenue progress and our asset base to proceed on this trajectory,” acknowledged Cale Moodie, Neptune CEO.
Beneath are a lot of monetary highlights pertaining to the three months ended February 28, 2021:
- The Firm has achieved a constructive internet complete revenue of $6.07 million for the three months ended February 28, 2021,
- Neptune had a 200% progress in whole property from November 30, 2020 to February 28, 2021,
- The Firm’s largest digital asset holdings as of the date of this launch are 82 BTC, 139,150 ATOM, 1.44 million FTM, 210 ETH, and a couple of,030 DASH. The Firm additionally holds positions in BCH, Litecoin, Stellar, NEO, OMG, QTUM in addition to the funding within the Protocol Fund,
- Neptune’s funding within the Protocol Fund of $250,000 USD is now valued at $1.8 million USD as of February 28, 2021,
- Neptune’s funding in Fantom (FTM) has elevated over 1,000% in worth,
- DeFi and proof-of-stake earnings have doubled over the identical interval final 12 months and as of the date of this information launch earnings associated to defi and staking have elevated 500% over prior 12 months,
- Neptune is regularly buying crypto in an effort to greenback price common and is at all times optimizing its crypto portfolio in an effort to maximize progress for shareholders,
- Neptune’s money working prices had been roughly $226,000 for the 6 months ended February 28, 2021 or roughly $37,000 monthly.
“We’ve now proven the earnings and asset progress potential when investing in viable cryptocurrency ecosystems. We additionally proceed to function Neptune on a really lean funds in an effort to maximise shareholder worth and convey on new income streams reflecting those self same price efficiencies, as we intend to do with our mining operations,” acknowledged Cale Moodie, Neptune CEO.
All monetary data on this press launch is ready in accordance with Worldwide Monetary Reporting Requirements as issued by the Worldwide Accounting Requirements Board. The Firm will file its consolidated interim monetary statements for the six-month interval ended February 28, 2021 and related administration dialogue and evaluation underneath the Firm’s profile on SEDAR at www.sedar.com on or earlier than March 30, 2021.
About Neptune Digital Property Corp.
Neptune Digital Property goals to be a cryptocurrency chief with a diversified portfolio of investments and cryptocurrency operations throughout the digital asset ecosystem together with Bitcoin mining, tokens, proof-of-stake cryptocurrencies, decentralized finance (DeFi), and related blockchain applied sciences.
ON BEHALF OF THE BOARD
Cale Moodie, President and CEONeptune Digital Property Corp.1-800-545-0941
www.neptunedigitalassets.com
Ahead-Wanting Statements
This launch incorporates sure “ahead trying statements” and sure “forward-looking data” as outlined underneath relevant Canadian securities legal guidelines. Ahead-looking statements and knowledge can usually be recognized by means of forward-looking terminology similar to “could”, “will”, “count on”, “intend”, “estimate”, “anticipate”, “consider”, “proceed”, “plans”, “proposes” or comparable terminology. Ahead-looking statements and knowledge embody, however are usually not restricted to, the Firm’s future earnings and working prices; the Firm’s future progress in whole property; the Firm’s technique to buy crypto forex and optimize its crypto portfolio; the Firm’s capability successfully greenback price common its purchases of crypto forex; and the long run outlook of the crypto forex market usually. Ahead-looking statements and knowledge are primarily based on forecasts of future outcomes, estimates of quantities not but determinable and assumptions that, whereas believed by administration to be affordable, are inherently topic to important enterprise, financial and aggressive uncertainties, and contingencies. Ahead-looking statements and knowledge are topic to numerous identified and unknown dangers and uncertainties, a lot of that are past the power of the Firm to regulate or predict, which will trigger the Firm’s precise outcomes, efficiency or achievements to be materially completely different from these expressed or implied thereby, and are developed primarily based on assumptions about such dangers, uncertainties and different elements set out herein, together with however not restricted to: the inherent dangers concerned within the cryptocurrency and normal securities markets; the Firm’s capability to efficiently mine digital forex; income of the Firm could not enhance as at the moment anticipated, or in any respect; the Firm could not have the ability to profitably liquidate its present digital forex stock, or in any respect; a decline in digital forex costs could have a major unfavorable influence on the Firm’s operations; the volatility of digital forex costs; uncertainties regarding the provision and prices of financing wanted sooner or later; the inherent uncertainty of manufacturing and value estimates and the potential for surprising prices and bills, forex fluctuations; regulatory restrictions, legal responsibility, competitors, lack of key workers and different associated dangers and uncertainties. The Firm doesn’t undertake any obligation to replace forward-looking data besides as required by relevant regulation. Such forward-looking data represents administration’s greatest judgment primarily based on data at the moment obtainable. No forward-looking assertion may be assured and precise future outcomes could range materially. Accordingly, readers are suggested to not place undue reliance on forward-looking statements or data.
Supply: Neptune Digital Property Corp.
Litecoin worth – Neptune Digital Property Hits Document Earnings of $6 Million for the Second Quarter 2021
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