Connect with us
Prague Gaming & TECH Summit 2025 (25-26 March)

Blockchain

Bluesky Digital Assets Corp., Releases Its Q2, 2021 Financial Results

Published

on

Toronto, Ontario–(Newsfile Corp. – August 31, 2021) – Bluesky Digital Assets Corp., (CSE: BTC), (CSE: BTC.PR.A), (OTCQB: BTCWF), (“Bluesky” or the “Corporation”) released today a summary of its Unaudited Q2, 2021 Interim Financial Statements for the three and six months ended June 30, 2021. Key highlights include:

– Total Gross Revenues from the Corporation’s Digital Assets Mining operations increased to $851,813 CDN in Q2, 2021 from $182,500 CDN in Q1, 2020 representing a significant increase of 366% over Q2, 2020’s total.

– Total Gross Revenues from the Corporation’s Digital Assets Mining operations increased to $851,813 CDN in Q2, 2021 from $710,312 CDN in Q1, 2020 representing an increase of 20% over Q1, 2021’s total.

– Total Gross Revenues from the Corporation’s Digital Assets Mining operations increased to $1,562,125 CDN for the six months ended June 30, 2021 from $284,111 CDN for the six months ended June 30, 2020 representing a significant increase of 450% over Q2, 2020’s total.

– Total Gross Revenue from the Corporation’s Digital Assets Mining operations amounted to $665,533 CDN for all of fiscal 2020 representing a previous 2020 monthly average of $55,369 CDN per month in Gross Revenue being generated from the Corporation’s Digital Assets Mining operations. The current monthly Gross Revenue generated from the Corporation’s Digital Assets Mining operations average was $260,354 CDN per month for the first six months of 2021, representing a significant monthly average increase of 370%.

Advertisement

– Total available cash increased to $1,734,215 CDN in Q2, 2021 from $455,610 CDN in Q2, 2020 representing an increase of 280%.

– As of June 30, 2021 the Corporation held $309,659 CDN in unsold digital currencies vs. $Nil at the same point in fiscal 2020.

– The Corporation’s Digital Mining operations had a profit of $267,881 CDN for the quarter after subtracting $583,932 CDN in Digital Asset Mining operating costs. The Digital Asset Mining operating costs include depreciation on equipment, electrical & bandwidth costs.

To view the Corporation’s Q2, 2021 Interim Financial Statements and the accompanying Management Discussion and Analysis please visits the Corporation’s SEDAR profile page by visiting www.sedar.com

Ben Gelfand, CEO stated: “In Q2 the Corporation achieved a 20% increase in Gross Revenue over Q1 totals despite the volatility and decrease in the valuation of crypto currencies that occurred in May and in June of this year. With the stabilization and increases in the values of both Ether and Bitcoin and steady deployment of new mining assets Management, reasonably based on the current trend, expects that the Gross Revenues in Q3 will supersede Q2’s totals. For the second half of fiscal 2021, the Management team will continue expansion efforts for the Corporation’s Digital Assets Mining operations as well as continuing business diversification efforts with our ongoing research and development.”

Advertisement

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 proprietary technology solutions. 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 Blockchain 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] 

Advertisement

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 –

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/95024

Advertisement

Newsfile is a customer-focused newswire team that delivers press releases and corporate announcements to the global financial community. Approved by all stock exchanges, Newsfile offers broad access to media, analysts, investors and market participants. With agile services, proactive customer care and affordable pricing; Newsfile makes it easy for companies to tell their story to the audiences they need to reach.

Blockchain

CoreNest Capital, Sologenic’s VC partner, invests in Texture, a U.S.-based broker-dealer, to launch SoloTex, a new platform for trading tokenized equities

Published

on

corenest-capital,-sologenic’s-vc-partner,-invests-in-texture,-a-us.-based-broker-dealer,-to-launch-solotex,-a-new-platform-for-trading-tokenized-equities

Sologenic + Texture = SoloTexAs a result of a strategic partnership between the Sologenic Development Foundation and Texture Capital Inc., a FINRA—and SEC-licensed broker-dealer, SoloTex aims to be the ultimate gateway to tokenizing and trading capital markets on demand.This innovative approach leverages tokenization to introduce features like enhanced liquidity, fractional ownership, and quicker settlement processes, offering a more efficient way to manage and exchange assets.Join the waitlist at SoloTex.com to learn more.

Continue Reading

Blockchain

Bybit Strengthens Partnerships and Explores Islamic Finance Innovation at Exclusive Forum

Published

on

bybit-strengthens-partnerships-and-explores-islamic-finance-innovation-at-exclusive-forum
Continue Reading

Blockchain

Automotive Finance Strategic Business Report 2024: Global Market to Reach $517.9 Billion by 2030, Fueled by Increasing Preference for Flexible Finance Options, Including Leasing & Subscription Models

Published

on

automotive-finance-strategic-business-report-2024:-global-market-to-reach-$517.9-billion-by-2030,-fueled-by-increasing-preference-for-flexible-finance-options,-including-leasing-&-subscription-models

Automotive Finance Market

Continue Reading
Advertisement
 title=
Advertisement

Latest News

Recent Listings

  • Global Payout, Inc.

    Since the Company’s inception in 2009, Global Payout, Inc. has been a leading provider of compreh...

  • MTrac Tech Corp.

    MTrac Tech Corporation, a Nevada Corporation, is a privately held, wholly owned subsidiary of Glo...

  • Net1

    Net1 is a leading provider of transaction processing services, financial inclusion products ...

  • uBUCK Technologies SEZC

    Based in Georgetown, Cayman Islands, uBUCK Tech is a fintech enterprise that specializes in digit...

  • LiteLink Technologies Inc.

      LiteLink is a major player in developing world-class enterprise platforms that utilize ar...

  • Good Gamer Corp.

      Good Gamer Corp. is a privately-held technology company focusing on gamers and streamers....

  • BitPay

      Founded in 2011, BitPay pioneered blockchain payment processing with the mission of trans...

  • About Net1

      Net1 is a leading provider of transaction processing services, financial inclusion produc...

  • Blockchain Foundry Inc.

    Headquartered in Toronto, Canada, Blockchain Foundry (CSE:BCFN)(FWB:8BF)(OTC:BLFDF) is a global b...

  • Sixgill

    Sixgill provides a full suite of universal data automation and authenticity products and services...

Trending on TBE