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The new Antminer S19 Pro Bitcoin mining machines have been tested, installed, and are now producing Bitcoin. The Antminer S19 Pro is the latest generation Bitcoin ASIC miner produced by leading hardware manufacturer Bitmain. The Antminer S19 Pro’s mining SHA-256 algorithm boasts a hashrate of 110 terahash per second (TH/s) with an energy efficiency of 29.5 joules per terahash (J/TH) and a power consumption of 3250W. The 200 Bitcoin mining machines collectively produce a total of 22,000 terahash per second. The new Bitcoin mining machines are deployed using the Luxor mining pool and are hosted in a state-of-the-art facility in
As previously announced in the Company’s
Neptune currently has
‘We are very pleased that our new partners, Luxor Technologies and
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T: 1-800-545-0941
WEB: www.neptunedigitalassets.com
Forward-Looking Statements
This release contains certain ‘forward looking statements’ and certain ‘forward-looking information’ as defined under applicable Canadian securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as ‘may’, ‘will’, ‘expect’, ‘intend’, ‘estimate’, ‘anticipate’, ‘believe’, ‘continue’, ‘plans’, ‘proposes’ or similar terminology. Forward-looking statements and information include, but are not limited to, the rate of production from the Company’s Bitcoin mining machines; the future receipt and successful deployment of the Company’s Bitcoin mining machines; future cryptocurrency prices; the Company’s future earnings and revenues; and the Company’s ability to successfully add to its fleet of Bitcoin mining machines and grow its Bitcoin operations. Forward-looking statements and information are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that, while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties, and contingencies. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of the Company to control or predict, that may cause the Company’s actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein, including but not limited to: the inherent risks involved in the cryptocurrency and general securities markets; the Company’s ability to successfully mine digital currency; revenue of the Company may not increase as currently anticipated, or at all; the Company may not be able to profitably liquidate its current digital currency inventory, or at all; a decline in digital currency prices may have a significant negative impact on the Company’s operations; the volatility of digital currency prices; uncertainties relating to the availability and costs of financing needed in the future; the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses, currency fluctuations; regulatory restrictions, liability, competition, loss of key employees and other related risks and uncertainties. The Company does not undertake any obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management’s best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.
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