Home Financial Markets Penny Stocks What Caused The NPPTF Stock To Rise More Than 50% Last Day?

What Caused The NPPTF Stock To Rise More Than 50% Last Day?

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.

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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.


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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.

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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.

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