Neptune Digital Assets Corp. Reports Earnings Results for the Second Quarter and Six Months Ended February 28, 2022
April 30, 2022 at 01:55 am IST
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Neptune Digital Assets Corp. reported earnings results for the second quarter and six months ended February 28, 2022. For the second quarter, the company reported sales was CAD 0.471838 million. Net loss was CAD 0.806204 million compared to net income of CAD 3.29 million a year ago. Basic loss per share from continuing operations was CAD 0.01 compared to basic earnings per share from continuing operations of CAD 0.04 a year ago. Diluted loss per share from continuing operations was CAD 0.01 compared to diluted earnings per share from continuing operations of CAD 0.03 a year ago.
For the six months, sales was CAD 0.765632 million. Net income was CAD 5.89 million compared to CAD 3.58 million a year ago. Basic earnings per share from continuing operations was CAD 0.05 compared to CAD 0.04 a year ago. Diluted earnings per share from continuing operations was CAD 0.05 compared to CAD 0.04 a year ago.
Neptune Digital Assets Corp. is a Canada-based blockchain company. The Company is engaged in the business that builds, owns, and operates digital currency infrastructure assets. It provides cryptocurrency and blockchain infrastructure with operations across the digital asset ecosystem, including Bitcoin mining, proof-of-stake mining, blockchain nodes, decentralized finance (DeFi), and other associated blockchain technologies. The green Bitcoin mining is focused on using renewable energy, such as solar, hydro, and wind to power its Bitcoin mining operations. Its staking cryptocurrency is the process of validating transactions. The staking involves running software nodes or validators where Neptune is responsible for storing data, processing transactions, and adding new blocks to the blockchain. DeFi removes central controllers and brokers, which facilitates faster and cheaper transactions with no minimum transaction amounts, no paperwork, full transparency, and auditability.