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Link Global Technologies Inc
Symbol LNK
Shares Issued 40,045,317
Close 2021-04-12 C$ 1.06
Market Cap C$ 42,448,036
Recent Sedar Documents

Link Global firms up JV with Neptune Digital

2021-04-12 13:16 ET - News Release

Also News Release (C-NDA) Neptune Digital Assets Corp

Mr. Stephen Jenkins of Link reports

LINK GLOBAL TECHNOLOGIES SIGNS A DEFINITIVE AGREEMENT WITH NEPTUNE DIGITAL ASSETS CORP. CREATING JOINT VENTURE - PUREDIGITAL POWER CORP.

Link Global Technologies Inc. has provided an update on its planned expansion into renewable energy mining. The company has signed a definitive agreement with Neptune Digital Assets Corp. to create the joint venture PureDigital Power Corp. PureDigital is a power and bitcoin mining infrastructure company with an emphasis on clean sustainable energy.

Release highlights:

  • PureDigital Power will be a 50/50 joint venture between Link and Neptune sharing equally in costs and revenues.
  • The first PureDigital Power site will be in Alberta, Canada, where Link operates the majority of its bitcoin mining operations.
  • The PureDigital Power site will be powered by clean energy sources -- solar, wind and minimal natural gas.

PureDigital will develop an initial five-megawatt renewable-energy-dominated bitcoin mining facility in Alberta, with potential for expansion and scaling. This definitive agreement follows shortly after the announcement on March 19, 2021, for a Link and Neptune joint venture to develop a green energy facility. All bitcoin mined at the Pure operations are expected to be held in the treasury for reinvestment and DeFi-based (decentralized finance) earnings similarly to Neptune's current approach to treasury and asset management.

Shared PureDigital responsibilities:

  • The management, administration and yield investment of all PureDigital crypto earnings;
  • The financial oversight and procurement of future PureDigital financial investments;
  • The development of the potential PureDigital carbon credit tokens or NFT (non-fungible token);
  • Procurement of renewable energy resources required for PureDigital;
  • Management and supervision of PureDigital;
  • Operation of PureDigital facility;
  • Hiring employees and associated staff to run PureDigital;
  • Procurement of bitcoin mining machines.

Link president and chief executive officer Stephen Jenkins commented: "The creation of PureDigital is the perfect step in the evolution of Link. We have found a like-minded partner in Neptune who understands the value of green energy and sees the same business opportunity in creating a sustainable path for the energy requirements of BTC mining. The PureDigital five-megawatt facility is only the beginning of what will be an innovative and profitable relationship."

Neptune chief executive officer Cale Moodie also commented: "We are extremely excited with our second foray into bitcoin mining with Link and an environmentally sustainably focused operation at that. We see the future of bitcoin mining to be an environmentally sustainable one, and this flagship operation is likely to be the first of many megawatts to be developed using green sources."

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 and associated blockchain technologies.

About Link Global Technologies Inc.

Link is engaged in providing infrastructure and operating expertise for digital mining and data hosting operations. Link's objectives include locating and securing, for lease and option to purchase, properties with access to low-cost, reliable power and deploying this low-cost power to conduct digital mining and supply clean energy and infrastructure for other data hosting services.

We seek Safe Harbor.

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