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October 19th, 2021
Bluesky Announces $1.2 Million Dollar Strategic Mining Hardware Acquisition
FOR IMMEDIATE RELEASE
Toronto, Ontario, October 19, 2021 – Bluesky Digital Assets Corp., (CSE: BTC), (CSE: BTC.PR.A), (OTCQB: BTCWF), (“Bluesky” or the “Corporation”) announced today that, consistent with its previously announced plans to scale mining operations in a staged approach to increase revenue and profitability, Bluesky has formally closed another high value mining asset order.
The current new material order that was finalized on October 19th represents the acquisition of $1,183,576 CDN of custom GPU mining rigs.
This latest acquisition of highly customizable GPU mining assets from Pandaminer builds upon and leverages the relationship between Bluesky and Pandaminer that was announced on February 8th, 2021. At a time of industry chip shortages and major delays, Bluesky has executed on another major order and expects these new assets to arrive to its primary facility in the next 2-3 weeks. This custom order made to Bluesky specifications will be furthered optimized by the Bluesky technical internal team and is expected to be in full production within 45 days.
This order is focused on GPU mining technology and is reflective in great part on the success that Bluesky has had mining Ethereum (ETH), which contributed greatly to the Bluesky previous October 1st, 2021 announced record Q3 revenue results exceeding $1M for the quarter. It also reflects management’s belief that GPU mining, and specifically an ETH focus at this time, is a prudent business decision and should continue to demonstrate growth and additional profitability for our bottom line.
Ben Gelfand, CEO stated: “We continue to demonstrate our ability to execute rapidly against our plans and announced strategies. Leveraging strategic relationships in the hardware space with key vendors and industry leading players ensures that we can acquire the right hardware, at the right price points, and in a timely fashion so we can put our shareholders’ investments to work.”
Mr. Weicheng (Wilson) Guo, Pandaminer CEO stated: “Our continued deep working relationship with Bluesky continues to be a mutually beneficial relationship that contributes to the positive growth and results of our respective organizations. Bluesky always demonstrates a discerning eye for equipment that is cost effective and delivers the best value for the investment. We welcome this kind of intelligent client as our customer’s success ensures that we too are successful.”
Anthony R. Pearlman, COO stated: “This latest order continues our staged approach of growth for our mining operations. We continue to effectively use our capital with a business focus on revenue and the bottom line. Currently, we are actively looking to put additional capital to work for us as we acquire additional ASIC mining assets. These efforts will round out our diversified mining activities and take advantage of a strong performing virtual asset like Bitcoin (BTC).”
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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March 16, 2021
Bluesky Digital Assets Corp., Receives a Combined Total of $714,860.00 CDN in Proceeds Via Warrant Exercises
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Bluesky Digital Assets Corp., Announces the Commencement of a Non-Brokered Private Placement
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Bluesky Digital Assets Corp., Deploys $500,000.00 CDN Worth of New Mining Assets into Full Production
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October 16th, 2020
Bluesky Digital Assets Corp., Announces Rights Offering
October 5th, 2020
Bluesky Digital Assets Corp., Provides Update, Retires the Majority of its Total Debt Obligations, Provides Defi and Digital Mining Update
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September 1st, 2020
Bluesky Digital Assets Corp., Releases Q2, 2020 Financial Results
August 24th, 2020
Bluesky Digital Assets Corp., Announces Membership in the Crypto Valley Association.
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Bluesky Digital Assets Corp., Engages Financial Advisory Firm, Completes Acquisition.
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Bluesky Digital Assets Corp., Announces Launch of its “DeFi” subsidiary and funding initiative.
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Bluesky Digital Assets Corp., Announces “Stablecoin” Research and Development Initiative
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June 15, 2020
Bluesky Digital Assets Corp., Announces Partnership with Canadian Digital Asset Custody Company Brane Inc.
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Bluesky Digital Assets Corp., Announces Fifth Deployment of Advanced ASIC Mining Machines
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Bluesky Digital Assets Corp., Provides an Update on Share Consolidation
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Bluesky Digital Assets Corp., Announces Joint Venture
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March 02, 2020
Bluesky Digital Assets Corp., Announces Continuing Scale of its Active Mining Assets
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Bluesky Digital Assets Corp., Announces a $1,000,000.00 CDN Convertible Debenture Financing to Further Expand its Digital Mining Operations
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Bluesky Digital Assets Corp. Provides Update on the Continued Expansion of its Digital Mining
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December 02, 2019
Bluesky Digital Assets Corp., Assigned BTCWF As Its OTC Markets Trading Symbol
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Gunpowder Capital Corp., Announces Name Change to Bluesky Digital Assets Corp.
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Gunpowder Capital Corp., Closes Fourth Tranche of its Non-Brokered Private Placement of Units
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Gunpowder Capital Corp., Completes the sale of another London based property. Invests proceeds from the sale into the Corporation’s Digital Assets Division.
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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.
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Gunpowder Capital Corp., Appoints Ms. Evelin Wong as CFO, Grants Stock Options
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Gunpowder Capital Corp., Provides Update on the Expansion of the Corporation’s Fully Owned Digital Assets Subsidiary
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September 30, 2019
Gunpowder Capital Corp., Announces Resignations of Director and CFO
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Gunpowder Capital Corp., Announces Change of Auditor
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Gunpowder Capital Corp., Appoints Ben Gelfand as Chief Executive Officer
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Gunpowder Capital Corp., Closes Third Tranche of its Non-Brokered Private Placement of Units, Enters Into Loan Agreement, Settles Debt.
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July 11, 2019
Gunpowder Capital Corp., Expands Cryptocurrency Operations
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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.
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Gunpowder Capital Corp., Appoints Anthony R. Pearlman as President and COO of Crypto Mining Subsidiary.
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Gunpowder Capital Corp., Forms Cryptocurrency Subsidiary and Commences Cryptocurrency Operations.
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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.
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Gunpowder Capital Corp., Completes the Sale of its Fifth USA Home Rehabilitation Property.
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Gunpowder Capital Corp. Provides Update on Acquisition of Koch & Gsell AG.
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Gunpowder Capital Corp., Declares Quarterly Dividend.
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