Blockchain
Bluesky Digital Assets Corp., Releases a Snapshot of its Q1 2021 Performance, Achieves Quarterly Result Record of $1,000,000 CDN in Gross Revenue
Toronto, Ontario–(Newsfile Corp. – April 1, 2021) – Bluesky Digital Assets Corp., (CSE: BTC), (CSE: BTC.PR.A), (OTC Pink: BTCWF), (“Bluesky” or the “Corporation”) released today an unaudited snapshot of its Q1 2021 incoming gross revenue performance.
In total, the Corporation’s Q1 2021 incoming gross revenue total from its active digital crypto mining operations amounted to $739,435 CDN in the quarter. The gross revenue total of $739,435 CDN is comprised from the sale of $445,415 CDN worth of crypto mining assets and the implied value of unsold crypto mining assets currently held in the Corporation’s digital exchange house. As at March 31, 2021, the implied and combined value of digital mining assets held in the Corporation’s digital exchange house amounted to $294,020 CDN.
Operational costs to mine the crypto assets amounted to approximately $165,000 CDN and therefore the gross margin achieved for the Corporation’s digital crypto mining operations for Q1 amounted to 78%.
The operational costs that are stated in this press release are for the Corporation’s digital crypto mining operations only, and do not include the Corporation’s other corporate operating costs which include legal, auditing, transfer agent, marketing, IR, general administrative, consulting and management fees. The Corporation will release its full Q1 2021 results via its unaudited interim financial statements on May 31, 2021.
The gross revenue respective totals from the Corporation’s active digital assets mining operations for Q1 2021 represented significant and material increases, with an increase of 628% over Q1 2020’s gross revenue total, and it also represented an increase of 238% over the Corporation’s Q4 2020 gross revenue total.
Substantial increases to revenue for Q1 can be quickly recognized with the Corporation’s Q1 2021 gross revenue totals from its active mining operations amounting to an increase of 5% of what the Corporation successfully mined in all of fiscal 2020 as the Corporation’s total gross revenue from its active mining operations amounted to $702,504.00 CDN in fiscal 2020.
Thus far in fiscal 2021, the Corporation’s monthly incoming gross revenue average from its digital crypto mining operations amounted to $246,478 CDN per month vs. the monthly average $58,542 CDN per month achieved in fiscal 2020. The monthly average achieved thus far in fiscal 2021 represents a dramatic increase of 321% vs. the fiscal 2020 monthly average.
The Corporation has now successfully increased its incoming gross revenue totals from its active digital crypto mining operations for five consecutive quarters and it has successfully increased its incoming gross revenue totals from its active digital crypto mining operations in seven out of the eight last quarters with Q4 of 2019 being the only exception.
On March 19, the Corporation realized a significant gain as it exited a portion of its legacy business segment for the amount of $319,149 CDN. The initial investment in this legacy business segment amounted to $50,000 CDN and therefore the Corporation grossed $269,149 CDN from the exit. With the proceeds from the legacy business exit and combined with the revenue from the Corporation’s active digital crypto mining operations, the Corporation brought in a combined $1,008,584 CDN in gross revenues for the quarter which represents an all-time high and a corporate record for a quarterly result.
The Corporation will release its full fiscal 2020 results via its 2020 audited financial statements on April 30, 2021, and as previously stated in this press release, the Corporation will release its full Q1 2021 results via its unaudited interim financial statements on May 31, 2021.
The Corporation anticipates a significant increase to its gross revenue totals in Q2 2021 vs. its Q1 2021 total as the Corporation is still in the process of receiving and putting into production its Pandaminer order which consists of $915,000 CDN worth of GPU mining rigs. Once these GPU mining rigs are installed and put into full operation, the GPU mining rigs will significantly expand the Corporation’s current and active digital mining capabilities. It is anticipated that once this equipment is put online it will increase the Corporation’s overall generic hashing power by 54,000 Mh/s, this reported estimated value is before any customizations and or optimizations. The Pandaminer order was previously announced via press release on February 8, 2021 and at the time of this report, as an update, is targeted to be in full production within the next 30-60 days.
The Corporation is also still in the process of receiving and installing its recently announced order of $1,273,000 CDN worth of high hash rate ASIC mining machines, which once received and put into full production will significantly expand the Corporation’s current and active digital mining capabilities with an anticipated Bitcoin asset focus. It is also anticipated that once this equipment is put online it will increase the Corporation’s overall generic hashing power by 19,000 Th/s this reported estimated value is before any customizations and or optimizations. The ASIC order was previously announced via press release on March 9, 2021
Furthermore, the Corporation has not yet achieved a full quarter of revenue from the $500,000 CDN worth of mixed mining hardware technology which consisted of GPU and ASIC equipment and of which the Corporation put online and into full production in late February of this year. At the time of activation this equipment increased the Corporation’s overall generic hashing power by approximately 30,000 Mh/s.
The Corporation implemented and undertook a significant expansion program in Q1. In total, the Corporation has acquired $2,688,000 CDN worth of ASIC and GPU Mining equipment of which $500,000 CDN of the $2,688,000 CDN in equipment is online. With all schedules tracking to plan, the majority of the remaining $2,188,000 CDN worth of equipment is targeted to be put online in the next 30-60 days. With all plans remaining on track and with a continued positive trend in the crypto overall market holding or increasing, the Corporation anticipates that the Q2 gross revenue totals from the Corporation’s active mining operations may in all likelihood supersede Q1 total. The Corporation is in active negotiations to acquire additional mining assets and the Corporation anticipates that it will continue its plans of expansion into Q2 and moving forward.
Mr. Ben Gelfand, Bluesky CEO stated: “We have continued to demonstrate our abilities to deliver on our commitments to our shareholders and investors by following through on our business plans and objectives. This latest snapshot for our Q1 results clearly represents a tremendous improvement in our numbers and profitability, keeping this a continuing positive trend is a primary goal.”
About Bluesky Digital Assets Corp.
Bluesky Digital Assets Corp, is building a high value digital currency enterprise. Bluesky mines digital currencies, such as Bitcoin and Ether, and is developing value-added technology services for the digital currency market, such as digital mining proprietary software. Offering a complete ecosystem of value-creation, Bluesky is targeting reinvesting appropriate portions of its digital currency mining profits back into its operations. A percentage of the profit will be invested in the development of a proprietary Artificial Intelligence (“AI”) based technology. Overall, Bluesky takes an approach that enables the Corporation to scale, and respond to changing conditions, within the still-emerging digital currency industry. The Corporation is poised to capture value in successive phases as this industry continues to scale.
For more information please visit Bluesky at: https://www.blueskydigitalassets.com
For further information please contact:
Mr. Ben Gelfand
CEO & Director
Bluesky Digital Assets Corp.
T: (416) 363-3833
E: [email protected]
Mr. Frank Kordy
Secretary & Director
Bluesky Digital Assets Corp.
T: (647) 466-4037
E: [email protected]
Forward-Looking Statements
Information set forth in this news release may involve forward-looking statements under applicable securities laws. The forward- looking statements contained herein are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this document are made as of the date of this document and the Corporation disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation. Although management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. This news release does not constitute an offer to sell or solicitation of an offer to buy any of the securities described herein and accordingly undue reliance should not be put on such. Neither CSE nor its Regulation Services Provider as that term is defined in the policies of the CSE accepts responsibility for the adequacy or accuracy of this release. We seek safe harbor.
– 30 –
Blockchain
Blocks & Headlines: Today in Blockchain (Ethereum, Quantum Emotions, Pepeto, Zeus Investments, AgileGTM)
Ethereum’s Challenges Highlight the Importance of Blockchain Integrity
Ethereum, once hailed as the undisputed king of smart contract platforms, is facing mounting criticism over scalability issues and increasing centralization concerns. Critics argue that Ethereum’s looming challenges serve as a cautionary tale about the importance of maintaining blockchain integrity in the pursuit of innovation.
The network’s shift to proof-of-stake has introduced debates about validator centralization and network control. As transaction fees remain high and competition from newer blockchains intensifies, Ethereum’s journey underscores the delicate balance between growth and decentralization in the blockchain ecosystem.
Source: Bitcoin Magazine
Quantum Emotions Introduces Revolutionary Quantum Wallet
Quantum Emotions, a pioneering quantum technology firm, has unveiled its groundbreaking quantum wallet designed to provide unprecedented security for blockchain users. Leveraging quantum random number generators, the wallet ensures ultra-secure private key management and protection against emerging quantum threats.
As the blockchain industry prepares for a quantum computing era, innovations like this wallet highlight the need to future-proof digital assets. Quantum Emotions’ solution is a step forward in safeguarding the integrity of blockchain transactions in an increasingly complex technological landscape.
Source: Finance Yahoo
Pepeto Simplifies Cross-Chain Trading for Blockchain Users
Pepeto, a trailblazer in the blockchain space, is revolutionizing cross-chain trading with its user-friendly platform. By simplifying blockchain transfers across different networks, Pepeto addresses a significant pain point for users navigating the complexities of decentralized finance (DeFi).
The platform’s intuitive interface and efficient protocols enable seamless asset transfers while reducing transaction costs and processing times. As interoperability becomes a crucial factor in the blockchain sector, Pepeto’s innovation is set to reshape how users interact with decentralized ecosystems.
Source: Bitcoinist
Zeus Investments Launches Blockchain Research Division
Zeus Investments has announced the launch of its dedicated blockchain research division, aimed at driving innovation and identifying strategic opportunities in the blockchain sector. The division will focus on exploring emerging technologies, evaluating market trends, and fostering partnerships with industry leaders.
By committing resources to blockchain research, Zeus Investments signals its belief in the transformative potential of decentralized technologies. This initiative underscores the growing interest among traditional financial institutions in harnessing blockchain’s disruptive capabilities.
Source: Finance Yahoo
AgileGTM Blockchain Fund Secures $2M in First Close of $10M VC Fund
AgileGTM has achieved a significant milestone by securing $2 million in the first close of its $10 million pan-European blockchain venture capital fund. The fund aims to support early-stage blockchain startups across Europe, focusing on innovative solutions in areas such as DeFi, NFTs, and enterprise applications.
This development highlights the increasing appetite for blockchain investment and the role of venture capital in accelerating the growth of the industry. AgileGTM’s initiative reflects the potential for blockchain to drive economic transformation and innovation across diverse sectors.
Source: Tech.eu
The post Blocks & Headlines: Today in Blockchain (Ethereum, Quantum Emotions, Pepeto, Zeus Investments, AgileGTM) appeared first on News, Events, Advertising Options.
xPortal, the AI-powered DeFi super-app, has acquired Alphalink, a Berlin-based Web3 startup recognized for delivering delightfully simple crypto experiences through its mobile app. The acquisition marks a major milestone in xPortal’s goal to simplify crypto and financial investing.
With over 2.5 million users and a 4.8-star rating from 70K+ app store reviews, xPortal combines crypto, real-world functionality, and AI into a single, user-friendly mobile app.
xPortal launched in 2023 as the wallet for the MultiversX blockchain (prev. Elrond) and quickly expanded into multi-chain territory, integrating Bitcoin, Ethereum, Solana, Polygon and more.
As part of its growth strategy, xPortal is raising capital in an anticipated oversubscribed round while making a full-scale push into AI, expanding into the U.S. and launching a native token to its ecosystem
Active xPortal users will also benefit from lucrative opportunities that will further fuel the ecosystem.
Empowered Leadership
Through the acquisition, xPortal brings seasoned FinTech and crypto innovators Marko Bradic as Co-founder and Chief Product Officer (CPO) and Mohit Tilwani as Co-founder and Chief Technology Officer (CTO) to complement the dream team together with Sergiu Biris, Co-founder and CEO of xPortal.
-
Marko Bradic (ex-CEO of Alphalink) previously scaled Trade Republic – the $5B European Robinhood backed by Sequoia – to 4 million users, €180 million in annual revenue, and €35 billion in AUM.
-
Mohit Tilwani (ex CTO of Alphalink) brings over a decade of engineering experience to xPortal. Served as the first engineering lead at Trade Republic, he scaled systems to support 8 million customers.
-
Sergiu Biris (CEO of xPortal) is a serial entrepreneur with over 20 years of experience. He was the co-founder of LiveRail, a video advertising platform acquired by Facebook (now Meta) in 2014 for $500 million.
“Marko and Mohit’s experience in building and scaling world-class fintech products aligns perfectly with xPortal’s mission to make crypto easy to use and accessible to everyone. Their expertise strengthens our vision of blending crypto and AI with real-world utility. I’m extremely excited about what we’re going to be building together in the years to come.” – Sergiu Biris, Co-founder and CEO of xPortal
Beniamin Mincu, Co-founder and CEO of MultiversX added: “Through the acquisition of Alphalink xPortal is taking a bold step towards the future. One where crypto is merging with AI to deliver the best experiences to everyday users. xPortal started as a core part of MultiversX and, driven by this team of world class founders, is now becoming independent, creating its own story. I believe xPortal is poised to drive global crypto adoption, bringing unparalleled value to its users and the broader Web3 space.”
DeFi to DeFAI: What if your money had Brains?
Leading the paradigm shift from DeFi to DeFAI, xPortal is transforming how users interact with money. Making crypto easy and accessible for everyone, xPortal is building a vertically integrated network of specialized DeFAI agents that work autonomously, simplifying complex user tasks and removing onboarding and engagement friction through seamless chain management.
With features like effortless on-off ramps, cross-chain trading, staking, Web3 dApp integration, and Mastercards for everyday payments, the super-app bridges the gap between crypto and real-world utility.
The post xPortal Acquires Alphalink to Drive Innovation at the Intersection of AI and Crypto appeared first on News, Events, Advertising Options.
Blockchain
Humanity Protocol and Open Campus Partner to Integrate Achievements and Interoperable Credentials for Decentralized Education
Humanity Protocol, the leader in on-chain Proof of Humanity (PoH) and decentralized identity, is thrilled to announce its strategic partnership with Open Campus (EDU), the Web3 education protocol.
This collaboration will redefine digital identity and credentialing for learners, educators, and developers, enabling interoperable, privacy-preserving credentials that can be seamlessly used across decentralized ecosystems.
Humanity Protocol’s Self-Sovereign Identity (SSI) framework and Proof of Humanity (PoH) technology ensure Sybil-resistant, verified human authentication for Web3 applications. Open Campus complements this by empowering users with tools to issue, manage, and utilize education-related credentials through its Open Campus ID and Achievements System.
Together, the two projects aim to unlock a future where identity and educational credentials are secure, interoperable, and privacy-focused.
At the core of this partnership is the integration of Open Campus Achievements and Open Campus ID with Humanity Protocol’s decentralized identity graph. This integration ensures that credentials issued on Open Campus are validated and interoperable, allowing users to showcase their verified educational accomplishments across Web3 platforms.
Key features of the collaboration include:
- Achievement Verification: Open Campus will focus on issuing education-related credentials, such as course completions, certifications, and learning milestones. These Achievements will be authenticated using Humanity Protocol’s verifiable credential (VC) framework, enabling secure and portable credentialing.
- Interoperable Identity: Open Campus ID will integrate with Humanity Protocol’s Proof of Humanity, providing users with privacy-preserving, Sybil-resistant identities. These identities will enable users to leverage their credentials in governance, professional, and educational applications.
The partnership between Humanity Protocol and Open Campus introduces new use cases that benefit learners, educators, and developers. Users can create portable, privacy-preserving portfolios combining Proof of Humanity and verified Open Campus Achievements. These portfolios can be used in professional and academic settings to showcase skills and accomplishments securely.
Learners and educators can leverage their interoperable identities to participate in governance activities on both Humanity Protocol and Open Campus platforms. By tying voting to verified individuals, governance becomes more transparent and fair. dApp developers can build applications that integrate Humanity Protocol’s identity verification with Open Campus’s credentialing, enabling innovations in decentralized education, recruitment, and professional networking.
In addition to technical integration, Humanity Protocol will actively support Open Campus in its ongoing conversations with educational institutions. By providing expertise in decentralized identity and credentialing, Humanity Protocol will help Open Campus establish trust and drive adoption of its Achievements and Open Campus ID among schools, universities, and certification bodies.
This collaboration strengthens the bridge between traditional education systems and the decentralized future. Humanity Protocol’s zkProofers will ensure that all verifications remain privacy-focused. Users will be able to prove their identities and credentials without exposing sensitive personal data, enabling secure and trustworthy interactions in education, governance, and professional contexts. By integrating these privacy-preserving solutions, the partnership ensures that credentials remain both secure and portable across ecosystems.
Terence Kwok, Founder and CEO of Humanity Protocol says: “Our partnership with Open Campus marks a significant milestone in integrating decentralized identity with education. By combining Proof of Humanity with Open Campus Achievements and Open Campus ID, we empower learners and educators to take control of their credentials in a way that is secure, interoperable, and privacy-focused. Humanity Protocol is also proud to support Open Campus in its ongoing conversations with educational institutions, helping to bridge Web3 innovation with traditional education systems.”
Jonah Lau, Head of Open Campus (EDU) and Portfolio Management, Animoca Brand says: “Collaborating with Humanity Protocol enhances the usability and security of Open Campus Achievements and IDs. By integrating with Proof of Humanity, we’re ensuring that learners and educators can seamlessly use their credentials across Web3, paving the way for a more interconnected and equitable decentralized education ecosystem. This partnership positions Open Campus as a leader in Web3 education innovation.”
The post Humanity Protocol and Open Campus Partner to Integrate Achievements and Interoperable Credentials for Decentralized Education appeared first on News, Events, Advertising Options.
-
Blockchain Press Releases6 days agoBybit: A Global Favorite Among Full-Time and Professional Traders and the World’s Second-most popular Crypto Exchange
-
Blockchain6 days ago
Sportsbet.io Becomes New Title Partner of Snooker’s Players Championship, Tour Championship and Champion of Champions
-
Blockchain Press Releases6 days agoThe Moskowitz Law Firm, PLLC Announces Preliminary Approval of a Proposed Class Action Settlement on Behalf of Purchasers of Astrals Non-Fungible Tokens and Galaxy Tokens
-
Blockchain2 days agoCoreNest Capital Announces Strategic Investments in SpaceX, CTGT, Open Clinic, Asha Health, CollectWise, Curo, Hybrd, and Study Dojo
-
Blockchain6 days agoFast, Secure, and Seamless: Bybit Card QR Pay Set to Transform Payments in Brazil
-
Blockchain6 days ago
Stocktwits Grows as a Top Platform for Next-Gen Investors with Key Hire and Content Expansion
-
Blockchain6 days agoBybit and Block Scholes Report: ETH Poised for a Rebound
-
Blockchain3 days agoThe World Market for RegTech 2025-2030: Growth Trends, Industry Chain Analysis, Regional Insights, SWOT Analysis and Market Shares of Leading Players – Thomson Reuters, Deloitte, PwC, Accenture, IBM & More
