- Bluesky Digital Assets has acquired C$500-thousand of new crypto mining hardware
- The company says the accelerated process allows it to expand its current mining efforts
- Bluesky expects the hardware will provide an overall generic increase of 30,000 mh/s of additional mining power
- The company hopes to have it in place and in production by February
- Shares of Bluesky Digital are down 8.64 per cent on the day, and trading at C$0.73 at 12:24pm EST
Bluesky Digital Assets (BTC) has acquired C$500-thousand of new crypto mining hardware.
The company says the accelerated process allows it to expand its current mining efforts.
It expects the advanced mining hardware to be in place and to begin production in February.
Bluesky expects the hardware will provide an overall generic increase of 30,000 mh/s of additional mining power.
The company said the current crypto mining space is currently delivering excellent returns based on positive trends in the marketplace.
The purchase consists of a mining technology mix of GPU and ASIC-based hardware.
Bluesky said a heavy bias was given to GPU assets as the company feels the longevity and diversification of this type of hardware has more long term viability and is a more profitable mining asset in today’s conditions.
“We have leveraged our international relationships and acted fast to get new mining hardware purchased and actively mining as the current market conditions and the continuing positive trends are, and should, continue to reward our efforts,” said Bluesky COO Anthony R. Pearlman.
We are experienced technology buyers and we do not just buy the ‘latest and the greatest’, as we always focus on maximizing the rate of return on our shareholders investment.”
Shares of Bluesky Digital are down 8.64 per cent on the day, and trading at C$0.73 at 12:24pm EST on January 20.