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Neptune Digital Assets Corp
Symbol NDA
Shares Issued 92,778,024
Close 2021-03-18 C$ 0.62
Recent Sedar Documents

Link, Neptune Digital sign LOI for BTC mining facility

2021-03-19 07:12 ET - News Release

See News Release (C-LNK) Link Global Technologies Inc

Mr. Stephen Jenkins of Link reports

LINK GLOBAL TECHNOLOGIES SIGNS LOI WITH NEPTUNE DIGITAL ASSETS CORP. FOR THE CO-DEVELOPMENT OF A 5 MW SOLAR, WIND AND NATURAL GAS POWERED BITCOIN MINING FACILITY

Link Global Technologies Inc. has provided an update on its planned expansion into renewable energy mining. The company has signed a letter of intent (LOI) with Neptune Digital Assets Corp. to co-develop a five-megawatt renewable energy bitcoin mining facility in Alberta. This LOI follows shortly after the announcement on March 4, 2021, for Link to procure and operate 1,500 bitcoin mining machines for Neptune:

  • The new mining facility is a 50/50 joint venture between Link and Neptune.
  • The location of the site will be in Alberta where Link operates the majority of its BTC mining operations.
  • The operation will be powered by a combination of solar power, wind power and natural gas.
  • The signing of a definitive agreement is expected by early April with construction immediately following.

The addition of this five MW facility will bring Link's secured output to 63.75 MW.

Link president and chief executive officer Stephen Jenkins commented: "This push for more renewable energy is wonderful as it is a necessity in an energy-intensive sector. Link and Neptune are committed to incrementally lowering the impacts of bitcoin mining. We are determined to prove that the future of mining digital currency can be done in a green way. We look at this as the beginning of expanding our footprint into renewable energy projects for digital currency mining."

Neptune's chief executive officer, Cale Moodie, also commented: "We are very excited about our second venture with Link Global. We expect there to be substantial global pressure to develop sustainable bitcoin mining operations around the world. We hope, as a team, to become a major powerhouse in carbon-neutral mining at low-cost and tapping carbon credits for exchange in that burgeoning marketplace."

About Neptune Digital Assets Corp.

The company has a diversified cryptocurrency portfolio with investments made in top market cap tokens, proof-of-stake cryptocurrencies, decentralized finance and associated blockchain technologies.

About Link Global Technologies Inc.

Link is engaged in the business of providing infrastructure and operating expertise for digital mining 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 energy and infrastructure for other data-hosting services.

We seek Safe Harbor.

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