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 nine months ended 30 September 2022, Bluesky Digital Assets Corp revenues decreased 46% to C$1.4M. Net loss decreased 39% to C$2.9M. 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 93% to C$337K (expense), Warrant expensed increase from C$0K to C$2M (income). |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | N/A |
| Annual revenue (TTM): | $2.53M as of Sep 30, 2022 |
| EBITDA (TTM): | -$2.87M as of Sep 30, 2022 |
| Net annual income (TTM): | -$4.59M as of Sep 30, 2022 |
| Free cash flow (TTM): | -$7.47M as of Sep 30, 2022 |
| Net Debt Last Fiscal Year: | $0.01M as of Sep 30, 2022 |
| Shares outstanding: | 65,591,814 as of Nov 30, 2022 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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