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Bluesky Digital (CSE:BTC) provides Q3 snapshot

Cryptocurrency
CSE:BTC
01 October 2021 09:15 (EDT)
Bluesky Digital Assets - CEO, Ben Gelfand.

Source: Bluesky Digital Assets.

Bluesky Digital Assets (BTC) reports a record of $1,044,000 mined in Q3.

The results included the mining of 9.25 Bitcoin at an implied value of $483,859  and 160.75 Ethereum at an implied value of $560,418. 

Bluesky averaged a daily mining rate of approximately 1.75 ETH and 0.10 BTC in Q3. The percentage split on mining was 46 per cent BTC and 54 per cent ETH.

Mining costs for Q3 amounted to approx. $183,000.

The company achieved an average of $11,351 in gross mining revenue per day from its active mining operations in Q3 vs. a $9,360 in Q2, representing a 21 per cent increase.

As of September 30, 2021, Bluesky held $1,512,150 in unsold cryptocurrency reserves.

The company will file its unaudited Q3 interim financial statements on November 29, 2021.

Ben Gelfand, CEO of Bluesky commented on the results.

“Q3 2021 was the first quarter in the corporation’s history where Bluesky mined $1M+ of cryptocurrencies. The corporation is in the process of acquiring additional mining hardware to fully utilize available capacity and continue to increase exponentially future quarterly and ongoing revenue returns.”

Bluesky Digital Assets mines digital currencies, such as Bitcoin and Ether, and is developing value-added technology services for the digital currency market such as digital mining proprietary software.

Bluesky Digital Assets Corp. (BTC) opened trading at C$0.28 per share.

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