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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 fiscal year ended 31 December 2021, Bluesky Digital Assets Corp revenues increased from C$695K to C$3.7M. Net loss before extraordinary items increased from C$1.5M to C$6.3M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Higher net loss reflects Share-based payments increase from C$195K to C$4.9M (expense), Management fees increase of 96% to C$748K (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $1.80M as of Dec 31, 2021
Annual revenue (TTM): $3.73M as of Dec 31, 2021
EBITDA (TTM): -$4.68M as of Dec 31, 2021
Net annual income (TTM): -$6.30M as of Dec 31, 2021
Free cash flow (TTM): -$7.83M as of Dec 31, 2021
Net Debt Last Fiscal Year: N/A
Shares outstanding: 59,191,814 as of Feb 17, 2022
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization