Bluesky Digital Assets Corp. (C:BTC*CA)

Business Focus: Blockchain & Cryptocurrency (NEC)

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
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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 Dec 31, 2023
Annual revenue (TTM): $0.00M as of Dec 31, 2023
EBITDA (TTM): -$3.21M as of Dec 31, 2023
Net annual income (TTM): -$7.71M as of Dec 31, 2023
Free cash flow (TTM): -$1.21M as of Dec 31, 2023
Net Debt Last Fiscal Year: $0.11M as of Dec 31, 2023
Shares outstanding: 174,200,196 as of Apr 15, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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