LNK has effectively doubled its revenues with today's news and is getting re-rated. The market is asleep because the news came out in the afternoon but it won't stay at these levels for very long, especially if Bitcoin stays hot.
Comment:
Link Global Technologies Signs LOI with Neptune Digital Assets Corp. for the Co-Development of a 5 MW Solar, Wind and Natural Gas Powered Bitcoin Mining Facility
VANCOUVER, BC / ACCESSWIRE / MARCH 19, 2021 / LINK GLOBAL TECHNOLOGIES INC. (CSE:LNK)(FRA:LGT)(OTC PINK:LGLOF) ("LINK" or the "Company"), an innovative power and infrastructure solutions provider for Bitcoin mining and data hosting operations, is pleased to provide an update on its planned expansion into renewable energy mining. The Company has signed a letter of intent ("LOI") with Neptune Digital Assets Corporation ("Neptune") (TSXV:NDA)(OTC PINK:NPPTF)(FSE1NW) to co-develop a 5 megawatt ("MW") renewable energy Bitcoin ("BTC") mining facility in Alberta. This LOI follows shortly after the announcement on March 4, 2021, for LINK to procure and operate 1,500 Bitcoin mining machines for Neptune.
The new mining facility is a 50/50 joint venture between LINK and Neptune.
The location of the site will be in Alberta where LINK operates the majority of their BTC mining operations.
The operation will be powered by a combination of solar power, wind power and natural gas.
The signing of a definitive agreement is expected by early April with construction immediately following.
The addition of this 5 MW facility will bring LINK's secured output to 63.75 MW.
Link President and Chief Executive Officer Stephen Jenkins commented, "This push for more renewable energy is wonderful as it is a necessity in an energy-intensive sector. LINK and Neptune are committed to incrementally lowering the impacts of Bitcoin mining. We are determined to prove that the future of mining digital currency can be done in a green way. We look at this as the beginning of expanding our footprint into renewable energy projects for digital currency mining."
Neptune's CEO Cale Moodie also commented, "We are very excited about our second venture with Link Global. We expect there to be substantial global pressure to develop sustainable Bitcoin mining operations around the world. We hope, as a team, to become a major powerhouse in carbon-neutral mining at low-cost and tapping carbon credits for exchange in that burgeoning marketplace."
VANCOUVER, BC / ACCESSWIRE / MARCH 19, 2021 / LINK GLOBAL TECHNOLOGIES INC. (CSE:LNK)(FRA:LGT)(OTC PINK:LGLOF) ("LINK" or the "Company"), an innovative power and infrastructure solutions provider for Bitcoin mining and data hosting operations, is pleased to provide an update on its planned expansion into renewable energy mining. The Company has signed a letter of intent ("LOI") with Neptune Digital Assets Corporation ("Neptune") (TSXV:NDA)(OTC PINK:NPPTF)(FSE1NW) to co-develop a 5 megawatt ("MW") renewable energy Bitcoin ("BTC") mining facility in Alberta. This LOI follows shortly after the announcement on March 4, 2021, for LINK to procure and operate 1,500 Bitcoin mining machines for Neptune.
The new mining facility is a 50/50 joint venture between LINK and Neptune.
The location of the site will be in Alberta where LINK operates the majority of their BTC mining operations.
The operation will be powered by a combination of solar power, wind power and natural gas.
The signing of a definitive agreement is expected by early April with construction immediately following.
The addition of this 5 MW facility will bring LINK's secured output to 63.75 MW.
Link President and Chief Executive Officer Stephen Jenkins commented, "This push for more renewable energy is wonderful as it is a necessity in an energy-intensive sector. LINK and Neptune are committed to incrementally lowering the impacts of Bitcoin mining. We are determined to prove that the future of mining digital currency can be done in a green way. We look at this as the beginning of expanding our footprint into renewable energy projects for digital currency mining."
Neptune's CEO Cale Moodie also commented, "We are very excited about our second venture with Link Global. We expect there to be substantial global pressure to develop sustainable Bitcoin mining operations around the world. We hope, as a team, to become a major powerhouse in carbon-neutral mining at low-cost and tapping carbon credits for exchange in that burgeoning marketplace."
Comment:
Link Global Technologies Signs A Shareholders Agreement With Neptune Digital Assets Corp. Creating - Pure Digital Power Corp.
Release Highlights:
Pure Digital Power will be a 50/50 joint venture between LINK and Neptune, sharing equally in costs and revenues.
The first Pure Digital Power site will be in Alberta, Canada, where LINK operates the majority of their BTC mining operations.
The Pure Digital Power site will be powered by clean energy sources - Solar, Wind, and minimal Natural Gas.
VANCOUVER, BC / ACCESSWIRE / April 12, 2021 / LINK GLOBAL TECHNOLOGIES INC. (CSE:LNK; FRA:LGT; OTC:LGLOF) ("LINK" or the "Company"), an innovative power and infrastructure solutions provider for Bitcoin mining and data hosting operations, is pleased to provide an update on its planned expansion into renewable energy mining. The Company has signed a Share Holders Agreement ("SHA") with Neptune Digital Assets Corp. ("Neptune") (TSX-V:NDA; OTC:NPPTF; FSE:1NW) to create Pure Digital Power Corp. ("Pure"). Pure is a power and BTC mining infrastructure Company with an emphasis on clean, sustainable energy.
Pure will develop an initial 5 megawatt ("MW") renewable energy-dominated Bitcoin ("BTC") mining facility in Albert, with potential for expansion and scaling. This SHA follows shortly after the announcement on March 19, 2021, for a LINK and Neptune joint venture to develop a green energy facility. All Bitcoin mined at the Pure operations are expected to be held in the treasury for reinvestment and DeFi based earnings similar to Neptune's current approach to treasury and asset management.
Shared Responsibilities
The management, administration, and yield investment of all Pure crypto earnings.
The financial oversight and procurement of future Pure financial investments.
The development of the potential Pure Digital carbon credit tokens or NFT.
Procurement of renewable energy resources required for Pure.
Management and supervision of Pure.
Operation of Pure facility.
Hiring employees and associated staff to run Pure.
Procurement of BTC mining machines.
Link President and Chief Executive Officer Stephen Jenkins commented, "The creation of Pure Digital is the perfect step in the evolution of Link. We have found a like-minded partner in Neptune who understands the value of green energy and sees the same business opportunity in creating a sustainable path for the energy requirements of BTC mining. The Pure Digital 5 MW facility is only the beginning of what will be an innovative and profitable relationship."
Neptune's CEO Cale Moodie also commented, "We are extremely excited with our second foray into Bitcoin mining with Link, and an environmentally sustainably focused operation at that. We see the future of Bitcoin mining to be an environmentally sustainable one, and this flagship operation is likely to be the first of many MW to be developed using green sources."
Release Highlights:
Pure Digital Power will be a 50/50 joint venture between LINK and Neptune, sharing equally in costs and revenues.
The first Pure Digital Power site will be in Alberta, Canada, where LINK operates the majority of their BTC mining operations.
The Pure Digital Power site will be powered by clean energy sources - Solar, Wind, and minimal Natural Gas.
VANCOUVER, BC / ACCESSWIRE / April 12, 2021 / LINK GLOBAL TECHNOLOGIES INC. (CSE:LNK; FRA:LGT; OTC:LGLOF) ("LINK" or the "Company"), an innovative power and infrastructure solutions provider for Bitcoin mining and data hosting operations, is pleased to provide an update on its planned expansion into renewable energy mining. The Company has signed a Share Holders Agreement ("SHA") with Neptune Digital Assets Corp. ("Neptune") (TSX-V:NDA; OTC:NPPTF; FSE:1NW) to create Pure Digital Power Corp. ("Pure"). Pure is a power and BTC mining infrastructure Company with an emphasis on clean, sustainable energy.
Pure will develop an initial 5 megawatt ("MW") renewable energy-dominated Bitcoin ("BTC") mining facility in Albert, with potential for expansion and scaling. This SHA follows shortly after the announcement on March 19, 2021, for a LINK and Neptune joint venture to develop a green energy facility. All Bitcoin mined at the Pure operations are expected to be held in the treasury for reinvestment and DeFi based earnings similar to Neptune's current approach to treasury and asset management.
Shared Responsibilities
The management, administration, and yield investment of all Pure crypto earnings.
The financial oversight and procurement of future Pure financial investments.
The development of the potential Pure Digital carbon credit tokens or NFT.
Procurement of renewable energy resources required for Pure.
Management and supervision of Pure.
Operation of Pure facility.
Hiring employees and associated staff to run Pure.
Procurement of BTC mining machines.
Link President and Chief Executive Officer Stephen Jenkins commented, "The creation of Pure Digital is the perfect step in the evolution of Link. We have found a like-minded partner in Neptune who understands the value of green energy and sees the same business opportunity in creating a sustainable path for the energy requirements of BTC mining. The Pure Digital 5 MW facility is only the beginning of what will be an innovative and profitable relationship."
Neptune's CEO Cale Moodie also commented, "We are extremely excited with our second foray into Bitcoin mining with Link, and an environmentally sustainably focused operation at that. We see the future of Bitcoin mining to be an environmentally sustainable one, and this flagship operation is likely to be the first of many MW to be developed using green sources."
VANCOUVER, BC / ACCESSWIRE / March 18, 2021 / LINK GLOBAL TECHNOLOGIES INC. (CSE:LNK)(FRA:LGT)(OTC PINK:LGLOF) ("LINK" or the "Company"), an innovative power and infrastructure solutions provider for Bitcoin mining and data hosting operations, is pleased to announce the signing of a definitive agreement (the "Agreement") dated March 15, 2021 with Starco Fuels LLC ("Starco") for a supply of up to 40 megawatts (MW) of generators for Bitcoin mining operations in Canada and the United States.
Under the terms in the Agreement, Starco has agreed to be responsible for the acquisition, transport, and installation of generators with the first 5 MW, of which 2.5 MW will be delivered within the first 30 days and 2.5 MW delivered within the next 30 days. LINK has agreed to be responsible for the gas supply and all other aspects of the transaction including without limitation: site preparation, delivery of and linkage to the gas supply, transmission lines, Bitcoin container connections, and operation and maintenance of the generators to OEM specifications, including all personnel.
With the addition of Starco's equipment, Link will have the following operations in Alberta and overall power generating capacity:
3.75 MW - Eastern Alberta Site
5 MW - Western Alberta Site 1
10 MW - Western Alberta Site 2
40 MW - Starco-supplied Sites
Link President and Chief Executive Officer Stephen Jenkins commented, "We are pleased to be moving forward with Starco. Completing this agreement will more than double our power generation for Bitcoin Mining to 58.75 MW, moving us closer to our goal of providing 100 MW of power by the end of 2021. With Starco, we also plan to strategically expand our operations beyond the Canadian border and into the United States as we have previously announced."