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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
Tel: N/A
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