17:36:41 EDT Mon 02 Aug 2021
Enter Symbol
or Name

Login ID:
Bluesky Digital Assets Corp (2)
Symbol BTC
Shares Issued 35,971,292
Close 2021-05-25 C$ 0.53
Recent Sedar Documents

Bluesky Digital expands power capacity at mining plant

2021-05-25 13:44 ET - News Release

Mr. Ben Gelfand reports


Bluesky Digital Assets Corp. has made a significant expansion capability for its primary facility.

Bluesky is pleased to announce that it has received approval from the power utility provider for an increase of power to its primary Canadian mining facility.

Consistent with Bluesky's recently announced ESG (environmental, social and governance) policy, this recent increase of power comes from power generation from non-fossil-fuel sources. Also consistent with Bluesky's commitment to recycle the use of power where possible, Bluesky will be utilizing the additional heat generation from mining with this increased power for heating of its overall facility and the associated business operations through advanced HVAC (heating, ventilation and air conditioning) engineering.

Dependent on the specific mining machines deployed, Bluesky expects this increase in power capability to support an approximately 1,500 to 2,000 additional mining assets.

Bluesky has already acquired the required hardware infrastructure to support the planned for the next-stage rollout and partial usage of the new capacity and expects to see this next staged release of additional mining capability moved to production in approximately 30 to 45 days, if not earlier.

Anthony R. Pearlman, Bluesky's chief operating officer, stated, "From a business perspective, we smartly planned well in advance for a controlled and staged growth for our active mining presence and associated assets, and this increase in capacity allows us to execute on our scale plans and realize continuing growth in our overall mining operations."

About Bluesky Digital Assets Corp.

Bluesky Digital Assets 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-based technology. Over all, 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.

We seek Safe Harbor.

© 2021 Canjex Publishing Ltd. All rights reserved.