- Bluesky (BTC) has mined 2.41 BTC and 42.82 ETH for an unaudited total of C$373,790 in October
- The amount is a company record for cryptocurrencies mined in the first month of a quarter
- As of October 31, 2021, the company held $2,512,500 – or 13.48 BTC and 276.8 ETH – in unsold cryptocurrencies, a 711-per-cent increase over the end of Q2 2021
- Bluesky Digital Assets mines for digital currencies, such as Bitcoin and Ethereum, and develops value-added technology services for the digital currency market
- Bluesky (BTC) is up by 13.41 per cent and is currently trading at $0.465 per share
Bluesky (BTC) has mined 2.41 BTC and 42.82 ETH for an unaudited total of C$373,790 in October.
The amount is a company record for cryptocurrencies mined in the first month of a quarter, even though results were affected by planned maintenance shutdowns to upgrade mining capability.
The first month of Q4 2021 represents an increase of 111 per cent over the first month of Q1, a 26-per-cent increase over the first month of Q2 and a 17-per-cent increase over the first month of Q3.
The company averaged a daily mining rate of 1.38 ETH and 0.078 BTC for the month. This translates to a daily gross average of $12,057 compared to $10,752 in September.
Monthly mining costs amounted to $165,000. This includes electrical, bandwidth and rent, but does not include depreciation on equipment.
As of October 31, 2021, Bluesky held $2,512,500 – or 13.48 BTC and 276.8 ETH – in unsold cryptocurrencies, a 711-per-cent increase over the end of Q2 2021.
Ben Gelfand, Bluesky Digital Assets’ CEO, stated,
“As expected, the corporation has achieved yet another strong month from its active mining operations. We expect to increase our mining performance in the coming months and quarters.”
Bluesky Digital Assets mines digital currencies, such as Bitcoin and Ethereum, and develops value-added technology services for the digital currency market.
Bluesky (BTC) is up by 13.41 per cent and is currently trading at $0.465 per share as of 1:29 pm ET.
