- Bluesky Digital Assets (C.BTC) plans to repurpose its GPU hardware
- The move is to realize the value for these assets based on the rising prominence of artificial intelligence (AI) technology for certain GPU hardware
- The company intends to leverage the current demand in the marketplace for GPU appropriate hardware supporting the development of AI-based technologies and methods
- Bluesky Digital is a startup company that has mined digital currencies such as bitcoin and etehreum
- Shares of Bluesky Digital (C.BTC) are unchanged at C$0.49
Bluesky Digital Assets (C.BTC) plans to repurpose its GPU hardware based on the demand for artificial intelligence (AI) technology.
The company said it intends to leverage the current demand in the marketplace for GPU software that supports the development and delivery of AI-based technology.
“We remain committed to changes in our business that realize value back for previous investments and continue to fund our current R&D and AI plans for the future,” Ben Gelfand, CEO of Bluesky Digital, said in a statement.
During the company’s digital mining phase, Bluesky purchased roughly C$2 million worth of GPU software in 2021 and 2022.
The purchases were made as a strategic move to differentiate its mining efforts from other companies that invest in ASIC hardware.
Headquartered out of Toronto, Ontario, Bluesky Digital Assets is a startup company that has mined digital currencies such as bitcoin and ethereum.
Shares of Bluesky Digital (C.BTC) are unchanged at C$0.49.
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