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Bluesky Digital Assets Corp., Releases its Q1, 2021 Financial Results

                                                                                                                     

Toronto, Ontario, June 11, 2021 – Bluesky Digital Assets Corp., (CSE: BTC), (CSE: BTC.PR.A), (OTCQB: BTCWF), (“Bluesky” or the “Corporation”) released today a summary of its Unaudited Q1, 2021 Interim Financial Statements for the three months ended March 31, 2021. Key highlights include:  

  • Total Gross Revenues from the Corporation’s Digital Assets Mining operations increased to $743,267 CDN in Q1, 2021 from $101,611 CDN in Q1, 2020 representing a significant increase of 631%.
  • Total Gross Revenue from the Corporation’s Digital Assets Mining operations increased to $743,267 CDN in Q1, 2021 from $182,054 CDN in Q4, 2020, representing a quarter over quarter significant increase of 308%.
  • Total Gross Revenue from the Corporation’s Digital Assets Mining operations amounted to $665,533 CDN for all of fiscal 2020 representing a monthly average of $55,369 CDN per month in Gross Revenue being generated from the Corporation’s Digital Assets Mining operations. The monthly Gross Revenue generated from the Corporation’s Digital Assets Mining operations average was $247,755 CDN per month for the first three months of 2021, representing a significant monthly average increase of 347% vs. fiscal 2020’s monthly average of $55,369 CDN per month.
  • Total available cash increased to $1,785,077 CDN in Q1, 2021 from $636,127 CDN in Q1, 2020 representing an increase of 181%.
  • Digital Asset Mining operating costs amounted to $173,903 CDN in Q1, 2021.
  • Total losses increased to -$1,263,233 in Q1, 2021, from -$371,735 in Q1, 2020 representing an increase of 240%. It should be noted that regarding the Q1, 2021 quarterly loss, the majority of the total operating expenses for Q1 of 2021 were due to a one-time issuance of Stock Options that were issued to consultants in connection to the completion of the Corporation’s Q4, 2020 and Q1, 2021 equity financings. The valuation of the Stock Options was recorded as $1,709,000 CDN. The Corporation expects that these Stock Options will be exercised resulting in cash proceeds coming into the treasury. Furthermore, Depreciation on equipment amounted to $118,770 CDN for the quarter. It is important to note that with the removal of the Stock Options and the equipment Depreciation the Corporation would have actually realized a profit of $564,537 CDN for the quarter.
  • Fully Diluted EPS remained as -$0.04 for Q1, 2021 vs. -$0.02 in Q1, 2020.
  • The Corporation exited a legacy business segment in Q1, 2021. The initial investment in this legacy business segment amounted to $50,000 CDN and therefore the Corporation realized a significant gain of $269,149 CDN from the exit. With the proceeds from the legacy business exit and combined with the revenue from the Corporation’s active digital crypto mining operations, the Corporation brought in a combined $1,012,416 CDN in gross proceeds from its business operations for the quarter which represents an all-time high and a corporate record for a quarterly result.

About Bluesky Digital Assets Corp.

Bluesky Digital Assets Corp, is building a high value digital currency enterprise. Bluesky mines digital currencies, such as Bitcoin and Ether, and is developing value-added technology services for the digital currency market, such as proprietary technology solutions. Offering a complete ecosystem of value-creation, Bluesky is targeting reinvesting appropriate portions of its digital currency mining profits back into its operations. A percentage of the profit will be invested in the development of a proprietary Artificial Intelligence (“AI”) based technology. Overall, Bluesky takes an approach that enables the Corporation to scale, and respond to changing conditions, within the still-emerging Blockchain industry. The Corporation is poised to capture value in successive phases as this industry continues to scale. For more information please visit www.blueskydigitalassets.com

For further information please contact:

Mr. Ben Gelfand
CEO & Director
Bluesky Digital Assets Corp.
T: (416) 363-3833
E: ben.gelfand@blueskydigitalassets.com

Mr. Frank Kordy
Secretary & Director
Bluesky Digital Assets Corp.
T: (647) 466-4037
E: frank.kordy@blueskydigitalassets.com

Forward-Looking Statements

Information set forth in this news release may involve forward-looking statements under applicable securities laws. The forward- looking statements contained herein are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this document are made as of the date of this document and the Corporation disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation. Although management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. This news release does not constitute an offer to sell or solicitation of an offer to buy any of the securities described herein and accordingly undue reliance should not be put on such. Neither CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE accepts responsibility for the adequacy or accuracy of this release. We seek safe harbor.

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press release archives

2021 Q2 PRESS RELEASES

June 11, 2021

Bluesky Digital Assets Corp., Releases its Q1, 2021 Financial Results

READ June 11, 2021 FULL RELEASE

May 25th, 2021

Bluesky Digital Assets Corp., Announces Primary Facility Capacity Increase

READ MAY 25Th, 2021 FULL RELEASE

May 6th, 2021

Bluesky Digital Assets Corp., Announces ESG Policy and Commitment to Environmentally Minded Digital Mining

READ MAY 6Th, 2021 FULL RELEASE

May 3rd, 2021

Bluesky Receives MCTO; Delay in Filing Audited Annual Financial Statements

READ MAY 3RD, 2021 FULL RELEASE

May 3rd, 2021

The Management of the Corporation applied for, and were granted a MCTO from the Ontario Securities Commission. The MCTO will remain in place until all filings in regard to the Corporation’s 2020 Audit are completed and filed with the Commission. 

READ MAY 3RD, 2021 MCTO

April 13Th, 2021

Bluesky Digital Assets Corp., Common Shares will commence trading on the OTCQB in the United States 

READ APRIL 13Th, 2021 FULL RELEASE

April 6Th, 2021

Bluesky Digital Assets Corp., Common Shares have been included into the CSE Composite Index 

READ APRIL 6Th, 2021 FULL RELEASE

April 1st, 2021

Bluesky Digital Assets Corp., Releases a Snapshot of its Q1 2021 Performance, Achieves Quarterly Result Record of $1,000,000 CDN in Gross Revenue

READ APRIL 1st, 2021 FULL RELEASE
2021 Q1 PRESS RELEASES

March 16, 2021

Bluesky Digital Assets Corp., Receives a Combined Total of $714,860.00 CDN in Proceeds Via Warrant Exercises

READ MARCH 16, 2021 FULL RELEASE

March 10, 2021

Bluesky Digital Assets Corp., Receives $652,880.00 CDN from Warrant and Stock Option Exercise

READ MARCH 10, 2021 FULL RELEASE

March 9, 2021

Bluesky Digital Assets Corp., Executes on a Material Mining Hardware Purchase of One Million Dollars USD in ASIC Mining Machines.

READ MARCH 9, 2021 FULL RELEASE

February 22nd, 2021 (#2)

Bluesky Digital Assets Corp., Announces the Commencement of a Non-Brokered Private Placement

READ FEB. 22nd (#2) FULL RELEASE

February 22nd, 2021

Bluesky Digital Assets Corp., Deploys $500,000.00 CDN Worth of New Mining Assets into Full Production  

READ FEB. 22nd FULL RELEASE

February 8th, 2021

Bluesky Digital Assets Corp., Executes on a Material Mining Hardware Purchase and Announces a Significant International Supplier Relationship with Pandaminer

READ FEB. 8TH FULL RELEASE

January 20th, 2021

Bluesky Digital Assets Corp., Acquires $500,000.00 CDN Worth of New Mining Assets

READ JAN. 20TH FULL RELEASE

January 18th, 2021

Bluesky Digital Assets Corp., Raises $2,183,000.00 CDN via the Completion of its Oversubscribed Private Placement, Engages North Equities, Grants Stock Options, Announces an Exercise of Stock Options

READ JAN. 18TH FULL RELEASE

January 12th, 2021

Bluesky Digital Assets Corp., Announces Strategic Partnership with WeDig Techsolutions (P) Ltd.

READ JAN. 12TH FULL RELEASE
2020 Q4 PRESS RELEASES

October 16th, 2020

Bluesky Digital Assets Corp., Announces Rights Offering

READ OCT. 16TH FULL RELEASE

October 5th, 2020

Bluesky Digital Assets Corp., Provides Update, Retires the Majority of its Total Debt Obligations, Provides Defi and Digital Mining Update

READ OCT. 5TH FULL RELEASE
2020 Q3 PRESS RELEASES

September 1st, 2020

Bluesky Digital Assets Corp., Releases Q2, 2020 Financial Results

READ SEPT. 1ST FULL RELEASE

August 24th, 2020

Bluesky Digital Assets Corp., Announces Membership in the Crypto Valley Association.

READ AUG 24TH FULL RELEASE

August 18th, 2020

Bluesky Digital Assets Corp., Engages Financial Advisory Firm, Completes Acquisition.

READ AUG 18TH FULL RELEASE

August 17th, 2020

Bluesky Digital Assets Corp., Announces Launch of its “DeFi” subsidiary and funding initiative.

READ AUG 17TH FULL RELEASE

August 4th, 2020

Bluesky Digital Assets Corp., Announces “Stablecoin” Research and Development Initiative

READ AUG 4TH FULL RELEASE
2020 Q2 PRESS RELEASES

June 15, 2020

Bluesky Digital Assets Corp., Announces Partnership with Canadian Digital Asset Custody Company Brane Inc.

READ FULL RELEASE

June 1, 2020

Bluesky Digital Assets Corp., Releases Q1, 2020 Financial Results & Provides Update

READ FULL RELEASE

May 12, 2020

Bluesky Digital Assets Corp., Announces Fifth Deployment of Advanced ASIC Mining Machines

READ FULL RELEASE

May 11, 2020

Bluesky Digital Assets Corp., Provides an Update on Share Consolidation

READ FULL RELEASE

May 04, 2020

Bluesky Digital Assets Corp., Announces Share Consolidation & Engages IR Firm

READ FULL RELEASE

April 06, 2020

Bluesky Digital Assets Corp., Announces Joint Venture

READ FULL RELEASE
2020 Q1 PRESS RELEASES

March 02, 2020

Bluesky Digital Assets Corp., Announces Continuing Scale of its Active Mining Assets

READ FULL RELEASE

February 10, 2020

Bluesky Digital Assets Corp., Announces a $1,000,000.00 CDN Convertible Debenture Financing to Further Expand its Digital Mining Operations

READ FULL RELEASE

January 17, 2020

Bluesky Digital Assets Corp. Provides Update on the Continued Expansion of its Digital Mining

READ FULL RELEASE
2019 Q4 PRESS RELEASES

December 02, 2019

Bluesky Digital Assets Corp., Assigned BTCWF As Its OTC Markets Trading Symbol

READ FULL RELEASE

November 25, 2019

Gunpowder Capital Corp., Announces Name Change to Bluesky Digital Assets Corp.

READ FULL RELEASE

November 25, 2019

Gunpowder Capital Corp., Closes Fourth Tranche of its Non-Brokered Private Placement of Units

READ FULL RELEASE

November 22, 2019

Gunpowder Capital Corp., Announces Debt Settlement

READ FULL RELEASE

November 07, 2019

Gunpowder Capital Corp., Announces Results of its AGM

READ FULL RELEASE

November 06, 2019

Gunpowder Capital Corp., Completes the sale of another London based property. Invests proceeds from the sale into the Corporation’s Digital Assets Division.

READ FULL RELEASE

October 28, 2019

Gunpowder Capital Corp., Completes the sale of two of its London based properties. Invests proceeds from the two sales into the Corporation’s Digital Assets Division.

READ FULL RELEASE

October 21, 2019

Gunpowder Capital Corp., Appoints Ms. Evelin Wong as CFO, Grants Stock Options

> Read Full Release

October 02, 2019

Gunpowder Capital Corp., Provides Update on the Expansion of the Corporation’s Fully Owned Digital Assets Subsidiary

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2019 Q3 PRESS RELEASES

September 30, 2019

Gunpowder Capital Corp., Announces Resignations of Director and CFO

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September 13, 2019

Gunpowder Capital Corp., Announces Change of Auditor

> Read Full Release

September 04, 2019

Gunpowder Capital Corp., Appoints Ben Gelfand as Chief Executive Officer

> Read Full Release

August 29, 2019

Gunpowder Capital Corp., Closes Third Tranche of its Non-Brokered Private Placement of Units, Enters Into Loan Agreement, Settles Debt.

> Read Full Release

July 11, 2019

Gunpowder Capital Corp., Expands Cryptocurrency Operations

> Read Full Release

2019 Q2 PRESS RELEASES

May 30, 2019

Gunpowder Capital Corp., Completes the Sale of two of its Windsor based properties, Invests all proceeds from the sale into MethodeVerte Inc., the Corporation’s fully owned Cryptocurrency Subsidiary.

> Read Full Release

May 27, 2019

Gunpowder Capital Corp., Appoints Anthony R. Pearlman as President and COO of Crypto Mining Subsidiary.

> Read Full Release

May 22, 2019

Gunpowder Capital Corp., Forms Cryptocurrency Subsidiary and Commences Cryptocurrency Operations.

> Read Full Release

May 13, 2019

Gunpowder Capital Corp., Closes $257,000.00 CDN Second Tranche of its Non-Brokered Private Placement of Units, Increases Size of Offering to $5,000,000.00 CDN.

> Read Full Release

2019 Q1 PRESS RELEASES

March 22, 2019

Gunpowder Capital Corp., Signs an LOI to Commence a Joint Venture Commercial Hemp Production Farm With Grange Conservation LLC.

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March 13, 2019

Gunpowder Capital Corp., Invests $240,000.00 CDN into Franchise Holdings International Inc., (OTCQB: FNHI).

> Read Full Release

March 11, 2019

Gunpowder Capital Corp., Loans $100,000.00 CDN To A Construction Services Company.

> Read Full Release

March 04, 2019

Gunpowder Capital Corp., Announces a $1,500,000.00 CDN Non-Brokered Private Placement of Units.

> Read Full Release

February 28, 2019

Gunpowder Capital Corp., Enters into a strategic relationship with Hemp Inc., (OTC PINK: HEMP) with the purpose of entering into the Industrial Hemp Industry in the United States.

> Read Full Release

February 20, 2019

Gunpowder Capital Corp., Completes the Sale of its Fifth USA Home Rehabilitation Property.

> Read Full Release

February 07, 2019

Eighteen Fifty Equity Inc., Engages Gunpowder Capital Corp.

> Read Full Release

February 01, 2019

Gunpowder Capital Corp., Receives $102,750.00 CDN in Compensation, Makes Strategic Investment, Settles Debt.

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January 08, 2019

Gunpowder Capital Corp. Provides Update on Acquisition of Koch & Gsell AG.

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January 03, 2019

Gunpowder Capital Corp., Declares Quarterly Dividend.

> Read Full Release

January 02, 2019

Gunpowder Capital Corp., Enters Letter of Intent to Acquire The Manufacture of The World’s First Tobacco-and-Hemp Cigarette, Koch & Gsell AG of Switzerland.

> Read Full Release