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."
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.
Stephen Jenkins
Chief Executive Officer & Director
For more information visit http://linkglobal.io/ or contact:
Stephen Jenkins
stephen@linkglobal.io
+1-877-770-6545
For investor information please contact:
Omar Diaz
Investor Relations Manager
604 551 2950
omar@linkglobal.io
The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
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.
SOURCE: Link Global Technologies Inc.
View source version on accesswire.com:
https://www.accesswire.com/640018/Link-Global-Technologies-Signs-A-Shareholders-Agreement-With-Neptune-Digital-Assets-Corp-Creating--Pure-Digital-Power-Corp
