Neptune Digital gets new Buy at Wainwright on diversified income

H.C. Wainwright analyst Kevin Dede initiates coverage of Neptune Digital Assets ([[NPPTF]] -0.4%) with a Buy rating as its mix of partner-aided bitcoin mining and its stash of staked cryptocurrencies.The Canadian company's staked crypto pile, in excess of C$10M-C$12M (US$8M-US$9.8M), yield as much as C$300K-C$400K (US$244K-US$325K) in monthly staking earning, or returns, that flow through the P&L statement in "other income."Neptune Digital has reached a number of partnership in hosting, powering and growing its bitcoin mining activities, while outsourcing skills in managing headcount, the analyst notes."One hosting partnership with Link Global may expand to consumer 5MW in Alberta, led to a power joint venture to bring another 20MW of green power online at a future date," Dede writes in a note to clients.In chart below, compare Neptune Digital's total return over the past year vs. bitcoin miner BTBT and CAN, a company that makes mining machines and has started bitcoin