2023-08-01 12:13:15 ET
- Neptune Digital Assets Corp. press release ( OTCQB:NPPTF ): 9M Net income of $2.5M.
- Neptune ended the quarter on May 31, 2023 with $38.5 million in assets and zero debt.
- Neptune earned total revenues and other income of $2.9 million through Bitcoin mining, staking, DeFi and other income-generating activities during the nine-month period ended May 31, 2023.
- Neptune mined $1.8 million of Bitcoin during the nine-month period ended May 31, 2023. As of the date of this release, Neptune has a total balance of 261 Bitcoin in cold storage and an additional 64 Bitcoin under chapter 11 claims with Genesis and Celsius, with the outcome of those claims currently unknown. Neptune presently retains all its Bitcoin in cold storage and does not engage in active selling.
- Neptune's two largest digital asset holdings as of the date of this release are 261 BTC and 175,000 ATOM. The Company also holds positions in ETH, DOT, wMemo, DASH , GRT, OCEAN and a number of other tokens, as well as an investment in SpaceX valued at approximately $2.3 million USD.
- Neptune currently maintains a cash and short-term investments balance of $10.6 million CAD held with a tier 1 Canadian bank and an additional $4 million USD under Chapter 11 claim with Genesis Lending with the outcome currently unknown.
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Neptune Digital Assets Corp. reports 9M results