- Bluesky Digital Assets mined a total of C$316,500 worth of cryptocurrencies in July
- Costs associated with the mining totalled $65,000
- Bluesky realized an average of $10,200 CDN per day in mining revenue in July of 2021, a 363 per cent increase versus July of 2020
- As of July 31, 2021, Bluesky held 5.73 BTC and 138.50 ETH in cryptocurrency reserves
- Bluesky Digital mines digital currencies, such as Bitcoin and Ethereum
- Bluesky Digital Assets Corp. (BTC) opened trading at C$0.60 per share
Bluesky Digital (BTC) mined a total of C$316,500 worth of cryptocurrencies for the month of July, including 3.35 Bitcoin and 65.23 Ethereum.
The implied valuations of the mined cryptocurrencies included $142,545 (BTC) and $173,955 (ETH). Bluesky averaged a daily mining rate of approximately 2.10 ETH and 0.11 BTC.
Costs associated with the mining of the 3.35 BTC and 65.23 ETH for the month of July amounted to approx. $65,000.
Bluesky realized an average of $10,200 CDN per day in mining revenue in July of 2021 vs. $2,200 CDN mined per day in July of 2020, representing an increase of 363 per cent YoY.
As of July 31, 2021, Bluesky held 5.73 BTC and 138.50 ETH in cryptocurrency reserves.
Bluesky expects to deploy additional mining assets throughout 2021.
Bluesky CEO Ben Gelfand remarked on the results.
“We have always strategically maintained a diversified mining focus through a balanced mining approach on mixed virtual crypto currencies such as Bitcoin and Ethereum. Additionally, we have taken a staged approach to deploying assets and capital, this approach allows us to adapt and pivot to changes in the market and better protect against market volatility while maximizing returns. We are very pleased to see our strategy pay off and look forward to the continued expansion of our operations.”
Bluesky Digital mines digital currencies, such as Bitcoin and Ether, and is developing value-added technology services for the digital currency market.
Bluesky Digital Assets Corp. (BTC) opened trading at C$0.60 per share.