#CryptoCorner
#Podcast 764: #Stocks discussed: (TSXV: $NDA.V) (CSE: $LUXX.C) (CSE: $SPOR.C)
Neptune Digital Releases
Quarterly Results, Luxxfolio Launches Data Storage Vertical for Filecoin, and
Pawtocol Appoints New CEO
Vancouver, Kelowna, Delta, BC January 31,
2022 - Investorideas.com, a leader in
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Stocks
discussed: (TSXV:NDA) (CSE:LUXX) (CSE:SPOR)
Neptune Digital Assets Corp. (TSXV:NDA) has released its quarterly consolidated
financial statements and management, discussion and analysis for the three
months ending November 30, 2021. Highlights include the earning of $1,707,046
through Bitcoin (BTC) mining “and other
income-generating activities,” and the ending of the quarter with $67 million
in assets and no debt. Cale Moodie, Neptune’s CEO, said:
"Neptune had an amazing first
quarter with a $12.6 million increase in assets on our balance sheet and $13
million in comprehensive income. We hope to see the general crypto space grow
as we move forward into 2022 and our Bitcoin mining, staking, and DeFi earnings
to increase accordingly as we grow those arms of the business. We anticipate
another 53 petahash of mining capacity to come online in Q2 thus growing our
Bitcoin earnings. We are staying true to our diversified model and will
continue to manage our risk while maximizing our earnings across the
board."
Luxxfolio Holdings Inc. (CSE:LUXX) has announced that it has launched a separate
decentralized data storage vertical to “procure, install and operate customized
storage server equipment connected to the Filecoin (FIL) network,” and allowing it to
earn block rewards. Filecoin, according to the press release, “is part of a
decentralized data storage vertical, to capitalize on the growth in digital
assets and applications being built for the decentralized universe including
areas such as the Web 3.0, the Metaverse, NFT's, AI analytics, and Play 2 Earn
Gaming.” Ken MacLean, President of Luxxfolio, said:
"Decentralized storage using crypto
incentives will be required to support the entire decentralized economy. This
vertical is a great lens into the emerging Web 3.0 space and positions the
Company into a time frame similar to the early days of Bitcoin mining. We are
working closely with Protocol Labs and other storage protocols and will immerse
ourselves into the ecosystem."
Blockchain-powered pet platform Pawtocol, the wholly-owned
subsidiary of New Wave Holdings Corp. (CSE:SPOR), has appointed Colin Jordan as its CEO, where he
“will be developing and executing a go-to-market strategy to deliver the
Pawtocol platform to millions of pets and pet owners worldwide.” Jordan
commented:
"The Pawtocol team has developed
innovative technology that will not only disrupt the pet community but the
broader blockchain and NFT communities as well. As a company, Pawtocol has
always put a heavy emphasis on being environmentally friendly and socially
responsible, which gives us a unique opportunity to show the world the kind of
positive impact that blockchain technology can make. I look forward to leading
Pawtocol through this pivotal stage of growth and delivering our platform to
pets and pet owners on a global scale."
Sam Mowers, Investorideas
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