Sector: Technology | Industry: Blockchain & Cryptocurrency |
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 is engaged in Bitcoin and Ether and developing value-added technology services for the digital currency market, such as proprietary technology solutions. The Company is involved in the business of utilizing specialized equipment to solve complex computational problems to validate transactions on the bitcoin blockchain. The Company receives bitcoin in return for successful service. 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 2023, Bluesky Digital Assets Corp revenues decreased from C$1.4M to C$0K. Net loss increased 11% to C$3.2M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Higher net loss reflects Warrant expensed decrease from C$2M (income) to C$0K, Marketing and investor relations increase from C$67K to C$1.3M (expense). |
Reporting Currency: | Canadian Dollars |
Enterprise value: | $3.47M as of Sep 30, 2023 |
Annual revenue (TTM): | $0.00M as of Sep 30, 2023 |
EBITDA (TTM): | -$3.21M as of Sep 30, 2023 |
Net annual income (TTM): | -$7.71M as of Sep 30, 2023 |
Free cash flow (TTM): | -$1.21M as of Sep 30, 2023 |
Net Debt Last Fiscal Year: | $0.11M as of Sep 30, 2023 |
Shares outstanding: | 174,200,196 as of Apr 15, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |