Blockchain
Bluesky Digital Assets Corp., Provides Bitcoin and Ethereum Mining Update, $407,175 CDN Mined in August 2021
Toronto, Ontario–(Newsfile Corp. – September 7, 2021) – Bluesky Digital Assets Corp., (CSE: BTC) (CSE: BTC.PR.A) (OTCQB: BTCWF) (“Bluesky” or the “Corporation”) announced today that the Corporation had mined an implied and combined unaudited total of $407,175 CDN worth of cryptocurrencies for the month of August which was achieved via the mining of 3.43 Bitcoin (“BTC”) and via the mining of 51.57 of Ethereum (“ETH”). For further clarification, implied valuations are based on the booking price of the virtual associated cryptocurrency value at the time the mining reward is realized by the Corporation from its mining activities.
The implied valuation of the BTC amounted to $207,467 CDN and the implied valuation of the ETH amounted to $199,708 CDN for the month of August. The Corporation averaged a daily mining rate of approximately 1.66 ETH and 0.11 BTC per day in August. The percentage split on mining was almost evenly split at 50.1% BTC and 49.9% ETH. Costs associated in the mining of the 3.43 BTC and 51.57 ETH for the month of August amounted to approx. $75,000 CDN.
The Corporation achieved a $13,134 CDN gross mining average per day from its active mining operations in August vs. the $10,200 CDN gross mining average per day achieved in the month of July which represented a solid 28.7% increase over July’s daily total.
As At August 31, 2021, the Corporation held $1,457,182 CDN in unsold cryptocurrencies which represented a 370% increase over the $309,659 CDN that the Corporation held in its unsold cryptocurrency reserve at the end of Q2, 2021. As At August 31, 2021 the reserve comprised of 9.115 BTC and 190.07 ETH.
Ben Gelfand, CEO stated: “Based on the current overall trend the Corporation is currently on pace to mine $1M CDN in cryptocurrencies in Q3 as the Corporation needs to mine an additional $285K CDN in the month of September to achieve the $1M CDN mark. The Management team feels strongly that the additional $285K CDN worth of cryptocurrencies targeted to be mined in September is attainable, and if realized, it would be the first quarter in the Corporation’s history where $1M CDN from mining operations was realized. The quarter over quarter, and month over month increases reflect in part the internal efficiencies and methods that the Corporation has developed in-house and deployed in the production environment. The Management team is diligently working on leveraging current positive trending market values and increasing the Corporation’s unsold cryptocurrency reserve. The Management team is also raising its priority to further expand the Corporation’s active mining operations by acquiring additional mining equipment. The acquisition, and move to production, of new mining hardware tightly aligns to ongoing facility expansion plans to be reported on in the coming quarters.”
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]
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/95576.
Blockchain
Revolutionizing Fintech: 6G Digital & Rune Nilsson’s FlexM Global in a Bold $12.5M Deal Shaking the Banking Industry
Blockchain
Teletubbies Digital Companions to Launch on the Tezos Blockchain
MetaPals, an AI digital companion platform, is partnering with WildBrain’s beloved Teletubbies to bring together cherished childhood memories and the innovative digital era with the launch of the Teletubbies AI digital companions on 20 April, 2024.
As Teletubbies commemorates its 27th anniversary on 31 March, the collaboration marks the beginning of an exciting array of renowned IPs joining the ‘MetaPals Multiverse’ in 2024. Through the use of AI and blockchain technology powered by Tezos, much loved Tinky Winky, Dipsy, Laa-Laa, Po, and even Noo-Noo have become personalized, evolving digital companions within the MetaPals browser extension game engine.
The Teletubbies characters integrate with users’ daily browsing experience that accompanies users across the web, offering both playful interactions and practical assistance. This technology not only brings these fun characters to life in new, interactive ways, but also helps to enhance the mental well-being of users by fostering a sense of companionship.
Each Teletubbies companion within the MetaPals Multiverse will exhibit unique personality traits, offering users a diverse and dynamic experience. With personalities distributed across 5000+ Teletubby companions along a spectrum, users are guaranteed a one-of-a-kind experience, ensuring enjoyment for all and opportunities to foster new connections with this nostalgic brand.
Max Giammario, CEO of MetaPals, said: “Through this collaboration we’re not just revisiting Teletubbyland, we’re reinventing it for the digital age. By weaving in AI and blockchain, we enable the Teletubbies characters to evolve, interact, and form unique bonds with users, embodying our vision of dynamic digital companionship. With a bit of ‘MetaPals magic’, the Teletubbies are exploring beyond the hills and far away, ready to play, in ways we’ve never imagined.”
Melissa Goodrich, Director, Franchise Strategy at WildBrain, said: “We’re excited to see our colorful quartet come to life in new ways through this unique digital experience for fans. As we celebrate 27 years of the perennially popular Teletubbies franchise, this latest collaboration encapsulates the essence of childhood nostalgia while embracing the limitless possibilities of the digital age.”
Jason Lim, TZ Apac Games Adoption Team for the Tezos Ecosystem, said: “MetaPals will be pioneering the convergence of iconic IPs such as Teletubbies with the limitless possibilities of the Tezos blockchain. I can’t wait to see the magic they are brewing up next.”
The post Teletubbies Digital Companions to Launch on the Tezos Blockchain appeared first on HIPTHER Alerts.
Blockchain
Alarum Announces Exciting Events Lineup and Welcomes Esteemed Advisor to NetNut’s Advisory Board
-
Blockchain Press Releases7 days ago
Bitcoin Halving Frenzy: Join Bybit’s Miner’s Point Plaza for a Shot at $1 Million and Witness History!
-
Blockchain6 days ago
New to The Street Announces Episode 564, Five Corporate Interviews, Airing on The Fox Business Network, Monday, March 25, 2024, at 10:30 PM PT
-
Blockchain6 days ago
Moondance Labs Announces $6 Million Funding to Boost Development of Tanssi Protocol
-
Blockchain Press Releases7 days ago
Bitget Unveils Proof of Reserves (POR) in March 2024: BTC & ETH Assets Surge by 20%
-
Blockchain Press Releases4 days ago
Bitget Wallet Partners with Over 40 Projects Including Avalanche, Taiko to Launch the BWB Ecosystem Partner Program
-
Blockchain Press Releases2 days ago
KuCoin’s Head of Key Account Discusses the Fusion of Decentralized Finance and Traditional Banking at WOW Summit 2024
-
Blockchain Press Releases4 days ago
Trade Volatility Smartly: Bybit Introduces Smart Leverage, Offering Users Unprecedented Control with No Liquidation
-
Blockchain Press Releases7 days ago
Fostering Trust in Crypto: Bybit CEO Advocates Integrity & Collaboration at DACOM Singapore