VANCOUVER, BC, CANADA, MARCH 19, 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 letter of intent (“LOI”) with Neptune Digital Assets Corporation (“Neptune”) (TSX-V:NDA; OTC:NPPTF; FSE:1NW) 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 necessary for 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 to expand 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.”
About Neptune Digital Assets Corp.
Neptune Digital Assets aims to be a cryptocurrency leader with a diversified portfolio of investments and cryptocurrency operations across the digital asset ecosystem including bitcoin mining, tokens, proof-of-stake cryptocurrencies, decentralized finance (defi) and associated blockchain technologies.
About Link Global Technologies Inc.
Link is engaged in providing infrastructure and operating expertise for digital mining and data hosting operations. Link’s objectives include locating and securing, for lease and option to purchase, properties with access to low-cost, reliable power, and deploying this low-cost power to conduct digital mining and supply clean energy and infrastructure for other data-hosting services.
On behalf of Link Global Technologies Inc.
Chief Executive Officer & Director
For more information visit https://linkglobal.io/ or contact:
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CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION. This news release contains “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking statements consist of statements that are not purely historical and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “forecast”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes”, or variations (including negative variations) of such words and phrases, or statements that certain actions, events or results “may”, “would”, “could”, “should” or “might” occur. Forward-looking statements made in this news release include, but are not limited, to: statements with respect to the Agreement and the terms and potential benefits thereof; that the parties will enter into the definitive partnership agreement and the terms thereof, including the timeline for same; that Link’s significant expertise in international projects and government relationships will assist the development of these projects; and that the initiatives are slated to begin implementation in fiscal Q1 2021. All such forward-looking statements are based on factors or assumptions that were applied in drawing a conclusion or making a forecast or projection, including assumptions based on historical trends, current conditions and expected future developments. Since forward-looking statements relate to future events and conditions, by their very nature they require making assumptions and involve inherent risks and uncertainties. The Company cautions that although it is believed that the assumptions are reasonable in the circumstances, these risks and uncertainties give rise to the possibility that actual results may differ materially from the expectations set out in the forward-looking statements. In the case of the Company, these risks, uncertainties, assumptions and other factors include, without limitation: that the parties may not enter into a definitive partnership agreement at all or on the terms announced; that actual results from the partnership may differ materially from the parties’ expectations; those set out in the Company’s most recent MD&A, fluctuations in the price of electricity, fluctuations in the price of digital currencies/Bitcoin, the future potential halving of Bitcoin, increases in the network difficulty rate and price of digital currencies/Bitcoin, negative changes in the level of digital currency/Bitcoin rewards per block, the securing of economic rates for the purchase of power, the opportunities for acquiring digital currency mining hardware, unanticipated changes in laws, regulations or other industry standards affecting the business of the Company, reliance on key management personnel, the Company’s ability to implement its business plan, litigation risk, stock price volatility, the effects of general economic and other factors beyond the control of the Company, and other matters that may occur in the future. Given these risks, undue reliance should not be placed on these forward-looking statements, which apply only as of the date hereof. Other than as specifically required by law, the Company undertakes no obligation to update any forward-looking statements to reflect new information, subsequent or otherwise.