Neptune Digital Assets - NPPTF stock
Introduction[edit]
Neptune Digital Assets Corp (OTC: NPPTF, TSXV: NDA) stock began trading on the TSXV exchange under the symbol DASH in January 2018.[1] The ticker symbol was changed to NDA in early 2021.[2] The stock also trades on the OTC Pink Sheets under the symbol NPPTF.
Neptune, formerly known as Neptune Dash Technologies Corp, is a publicly traded company that manages cryptocurrency assets, Bitcoin mining, Decentralized Finance (Defi), and other blockchain nodes. Neptune Digital was incorporated in 2017 and is headquartered in Vancouver, Canada. Neptune Digital is one of the largest blockchain asset management companies in Canada and provides access to diversify digital finance and crypto investments with a clear focus on revenue generation.[3]
Operations[edit]
Overview[edit]
Digital finance and blockchain protocols like Bitcoin, Ethereum, Dash, and other cryptocurrency tokens are constantly changing. Therefore, there is a constant need to supervise the way these currencies are changing and how they are used to participate in the economy. Neptune Digital also specializes in staking, a form of revenue generation that is built by pledging digital assets and holding them in a different account for a fixed period.[4]
Neptune Digital also offers extensive research services on cryptocurrency, decentralized finance, and the overall blockchain technology market to make data-centric decisions. To optimize profit from blockchain mining, Neptune Digital uses blockchain nodes to optimize and reinvest earnings to grow cryptocurrency assets, producing compounding value. There is also a direct focus on diversifying crypto assets to produce more reliable and consistent growth over the long term.[4]
Bitcoin Mining[edit]
Neptune uses next generation mining machines powered by renewable energy sources to mine Bitcoin. Operations are located in North America.[5]
Staking[edit]
Blockchain transaction validation (also known as staking) is conducted using with programs including Cosmos (ATOM), Polkadot (DOT), Fantom (FTM), and Ethereum (ETH).[6]
Decentralized Finance[edit]
DeFi activities include yield farming, liquidity mining, and smart contract lending/borrowing. Neptune is attempting to efficiently utilize capital to secure high-yield assets by partnering with top companies in the industry.[7]
Leadership Team[edit]
Neptune Digital Assets Corp also possesses a strong leadership team, with CALE MOODIE, a serial entrepreneur and CPA acting as the CEO, Director, and Co-Founder of the company. Cale has experience governing numerous publicly-traded companies on both the TSX-V and CSE. Cale has been involved in over $150M in financings and financial transactions and has worked as a Chartered Accountant before pursuing his career at Neptune Digital. Other prominent members of the team include KALLE RADAGE, the COO of the company who focuses on software, payments, and financial technology of the company. Other members of the directors include DARIO MELI, MITCHELL DEMETER, and CARMEN TO who are all actively involved in the success of Neptune Digital.[8]
Competition[edit]
The main competitors of Neptune Digital Assets include AnalytixInsight (ALY), LoneStar West (LSI), Big Banc Split (BNK), Orbit Garant Drilling (OGD), Crosswinds (CWI), Echelon Financial Holdings Inc. (EFH.TO) (EFH), Precious Metals And Mng Unt (MMP.UN), Torrent Capital (TORR), Difference Capital Financial (DCF), and Trez Capital Senior Mortgage Investment (TZS) and others.[9]
Funding[edit]
The company raised C$40 million in capital in April, 2021 with a private placement to institutional investors consisting of one common share and one-half of a warrant to purchase a common share at a purchase price of C$1.35.[10]
As of 2022, Neptune Digital Assets have undergone two post-IPO rounds and raised a total of 44 million (CAD) on 14th April 2020 and 2021 respectively. Their lead investor is Alumina Partners group, a private equity firm in the USA.[11] In terms of revenue, Neptune Digital Assets have witnessed a remarkable growth of over 140.62% reaching 358.7M in 2021. However, in previous years from 2018 to 2020 Neptune Digital saw a decrease of 26.32% in revenue as well as a decrease in the asset. In 2020, the company registered a total asset of 631.4M which is -6.78% lower than the previous fiscal year. However, in 2021 alone, the company doubled its assets to reach 14,447.6M making it one of the highest-grossing crypto asset management companies in Canada.[12]
A share repurchase plan was announced in March 2024, with up to 11,350,727 shares being repurchased by April 1, 2025. The repurchase program will be paid for with cash, revenues and working capital, and the repurchased shares will be cancelled.[13] The repurchase was approved by the TSX Venture Exchange shortly after the announcement.[14]
- ↑ Neptune Dash to Commence Trading on TSX Venture Exchange. NeptuneDigitalAssets.com January 18, 2018
- ↑ Neptune Digital Announces Intention to Change Trading Symbol. NeptuneDigitalAssets.com January 5, 2021
- ↑ Crunchbase. Neptune Digital Technologies. Retrieved on 12/7/2022.
- ↑ 4.0 4.1 Yahoo Finance. Neptune Digital Assets Begins Trading. October 24, 2022.
- ↑ Neptunedigitalassets.com - Bitcoin Mining
- ↑ Neptunedigitalassets.com - Staking Cryptocurrency
- ↑ Neptunedigitalassets.com - Defi
- ↑ NeptuneDigitalAssets.com. Neptune Digital Assets Corp website. Retrieved on 12/6/2022.
- ↑ [6] Marketbeat. NPPTF Stock. Retrieved on 12/7/2022.
- ↑ Neptune Digital Assets Announces CDN$40 Million Private Placement Offering. NeptuneDigitalAssets.com April 14, 2021
- ↑ Tracxn. NPPTF Stock Funding and Investors. Retrieved on 12/7/2022.
- ↑ [5] Wall Street Journal. NPPTF Stock Quotes. Retrieved on 12/7/2022.
- ↑ Market Screener. Neptune Digital Assets Corp. announces an Equity Buyback for 11,350,727 shares. March 21, 2024.
- ↑ newsfile. Neptune Commences Normal Course Issuer Bid. March 28, 2024.
OTC Symbol: NPPTF | OTC Tier: OTCQB
