Bluesky Digital Assets (BTC) has released a summary of its unaudited financial statements for the three and six months ended June 30, 2021.
Highlights:
- Total gross revenues from the Digital Assets Mining operations increased to $851,813 in Q2, 2021 from $182,500 in Q1, 2020 representing an increase of 366 per cent over Q1, 2020.
- Total gross revenues from the Digital Assets Mining operations increased to $851,813 in Q2, 2021 from $710,312 in Q1, 2020 representing an increase of 20 per cent over Q1, 2021.
- Total gross revenues from the Corporation's Digital Assets Mining operations increased to $1,562,125 for the six months ended June 30, 2021, from $284,111 CDN for the six months ended June 30, 2021, representing a significant increase of 450 per cent over Q2, 2020's total.
- Total Gross Revenue from the Corporation's Digital Assets Mining operations amounted to $665,533 for all of fiscal 2020 representing a previous 2020 monthly average of $55,369 per month. The current monthly gross revenue average was $260,354 per month for the first six months of 2021, representing a significant monthly average increase of 370 per cent.
- Total available cash increased to $1,734,215 in Q2, 2021 from $455,610 in Q2, 2020 representing an increase of 280 per cent.
- As of June 30, 2021, the corporation held $309,659 in unsold digital currencies vs. $Nil at the same point in fiscal 2020.
- The Digital Mining operations had a net profit of $267,881 for the quarter.
Ben Gelfand, CEO commented on the results.
"In Q2 the corporation achieved a 20 per cent increase in Gross Revenue over Q1 totals despite the volatility and decrease in the valuation of crypto currencies that occurred in May and in June of this year. With the stabilization and increases in the values of both Ether and Bitcoin and steady deployment of new mining assets Management, reasonably based on the current trend, expects that the Gross Revenues in Q3 will supersede Q2's totals. For the second half of fiscal 2021, the Management team will continue expansion efforts for the corporation's Digital Assets Mining operations as well as continuing business diversification efforts with our ongoing research and development."
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 proprietary technology solutions.
Bluesky Digital Assets Corp. (BTC) is down 4.08 per cent, trading at C$0.47 per share at 10:45 am ET.