Vancouver, British Columbia—January 23, 2025—Neptune Digital Assets Corp. (TSXV: NDA) has announced significant growth in its financial performance for the quarter ending November 30, 2024. The company reported total assets of $76.7 million, marking a 51% increase from the previous quarter and a 96% increase year-over-year.
Neptune's Bitcoin treasury has expanded to 356 BTC, valued at over $53 million, following its ongoing mining operations and strategic acquisitions. Additionally, the firm holds 32,300 Solana (SOL), benefiting from staking rewards.
Total revenues for the quarter reached $862,559, derived from Bitcoin mining, staking, and decentralized finance (DeFi) activities. The company’s comprehensive income for the period was reported at $26.7 million, a significant rise from $6.4 million in the same quarter last year.
Neptune's cash balance stands at $2 million, and it has secured a $20 million revolving line of credit, enhancing its financial flexibility as it enters 2025.
CEO Cale Moodie highlighted the company's momentum, stating, 'Our record-breaking quarter reflects the strength of our strategy and our ability to capitalize on the opportunities of the current bull cycle.'