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Bluesky Digital Assets Corp. (C:BTC)

Business Focus: Blockchain & Cryptocurrency (NEC)

Sector:  Technology Industry:  Blockchain & Cryptocurrency
 
See Regulatory Filings on SEDAR
Company Contact
Address: First Canadian Place
100 King Street West, Suite 5700
TORONTO ON M5X 1C9
Tel: N/A
Website: https://www.blueskydigitalassets.com
IR: See website
Key People
Benjamin Gelfand
Chief Executive Officer, Director
Frank Kordy
Interim Chief Financial Officer, Secretary, Director
Anthony Pearlman
Chief Operating Officer
Business Overview
Bluesky Digital Assets Corp. is a Canada-based digital currency company. The Company operates through digital asset mining. The Company utilizes specialized equipment to solve computational problems to validate transactions on the bitcoin blockchain. The Company mines digital currencies, such as Bitcoin and Ether. The Company is also developing technology services for the digital currency market, such as digital mining software and applications. The Company uses a combination of graphics processing unit (GPU) and application-specific integrated circuit (ASIC) miners.
Financial Overview
For the three months ended 31 March 2022, Bluesky Digital Assets Corp revenues decreased 18% to C$581K. Net loss decreased 54% to C$586K. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Lower net loss reflects Share-based payments decrease of 80% to C$337K (expense), Marketing and investor relations decrease of 72% to C$38K (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $0.57M as of Jun 30, 2022
Annual revenue (TTM): $3.25M as of Jun 30, 2022
EBITDA (TTM): -$2.33M as of Jun 30, 2022
Net annual income (TTM): -$3.85M as of Jun 30, 2022
Free cash flow (TTM): -$7.43M as of Jun 30, 2022
Net Debt Last Fiscal Year: N/A
Shares outstanding: 64,191,814 as of Jun 30, 2022
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization