A higher closing price was achieved by the Neptune Digital Assets Corp. [OTCPink: NPPTF] shares as they surged 50.59% from the previous close to end the session $1.28. Volume was 3,374,598 as opposed to the average volume of 705,178 for the last 30 days for Neptune Digital stock.
The value of NPPTF stock during the last 52 weeks ranged between $0.0036 and $1.04. After entering into a merger agreement to create a new entity, the NPPTF stock has surged.
How will the new entity be formed?
With a leading cryptocurrency business built upon a huge portfolio of investments and cryptocurrency operations across the entire digital asset ecosystem, Neptune Digital aims to be a cryptocurrency leader. There are blockchain-enabled technologies in the NPPTF portfolio to include bitcoin mining, tokens, and decentralized finance (defi).
Neptune Digital and LINK Global Technologies Inc. (OTC: LGLOF) have signed a Share Holder Agreement (SHA) to create Pure Digital Power Corp., announced NPPTF in a press release on Monday.
- Clean, sustainable energy is at the center of Pure’s focus as a power and BTC mining infrastructure company.
- Albert will be home to Pure’s first 5MW of Bitcoin mining, which will rely mostly on renewable energy.
- After the announcement on March 19, 2021 of an NPPTF-LGLOF joint venture to develop a green energy facility, this SHA follows precisely on the heels of the announcement.
- In a similar manner to NPPTF’s current approach to treasury and asset management, all Bitcoin mining at Pure is expected to be designated for reinvestment and DeFi-based earnings.
What effect will the deal have on NPPTF?
It is a perfect step in the evolution of Neptune Digital (NPPTF) and LINK to create Pure Digital. NPPTF and LINK will have a like-minded partnership that understands the importance of sustainable power and recognizes a business opportunity with BTC mining that is sustainable as well. A 5-MW Pure Digital facility will prove to be a catalyst for a long-term, profitable partnership between NPPTF and LINK.