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Bluesky Digital Assets Corp (2)
Symbol BTC
Shares Issued 97,106,296
Close 2023-05-12 C$ 0.04
Market Cap C$ 3,884,252
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Bluesky Digital says bitcoin is cool, but AI is cooler

2023-05-15 10:02 ET - News Release

Mr. Ben Gelfand reports

BLUESKY DIGITAL ASSETS CORP., ANNOUNCES INTENT TO REPURPOSE ITS GPU ASSETS BASED ON AI DEMAND

Bluesky Digital Assets Corp. plans to repurpose its GPU hardware to realize value for these assets based on the current heavy demand by artificial intelligence technology for appropriate GPU hardware.

Bluesky is targeting realizing value back on previous GPU digital mining asset investments by leveraging the current demand in the marketplace for GPU-appropriate hardware that supports the development and delivery of AI-based technologies and methods.

Bluesky, during its digital mining phase, purchased approximately $2-million worth of GPU hardware in 2021 and 2022 as a strategic move to differentiate its mining efforts from competitors who primarily invested in ASIC hardware, which has little or no repurpose capability in comparison with GPU hardware.

Ben Gelfand, chief executive officer, stated, "We remain committed to changes in our business that realize value back for previous investments and continue to fund our current R&D [research and development] and AI plans for the future."

About Bluesky Digital Assets Corp.

Bluesky Digital Assets is building a high-value digital enterprise. In its start-up phase, Bluesky mined digital currencies, such as bitcoin and ether, and developed value-added technology services for the digital-currency market, such as proprietary technology solutions. Offering a complete ecosystem of value creation, Bluesky has invested appropriate portions of its previous digital-currency mining profits back into its operations. A percentage of the profit was invested in the development of a proprietary artificial-intelligence-based blockchain 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 change, evolve and scale.

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