Bluesky Digital Assets Corp., Announces Intent to Repurpose its GPU Assets Based on AI Demand
Toronto, Ontario--(Newsfile Corp. - May 15, 2023) - Bluesky Digital Assets Corp., (CSE: BTC) (OTCQB: BTCWF) ("Bluesky" or the "Corporation") announced today that it plans to repurpose its GPU hardware to realize value for these assets based on the current heavy demand by AI technology for appropriate GPU hardware.
Bluesky is targeting realizing value back on previous GPU digital mining asset investments by leveraging the current demand in the marketplace for GPU appropriate hardware that supports the development and delivery of AI based technologies and methods.
Bluesky, during its digital mining phase purchased approximately CAD $2M worth of GPU hardware in 2021 and 2022 as a strategic move to differentiate its mining efforts from competitors who primarily invested in ASIC hardware which has little or no repurpose capability in comparison to GPU hardware.
Ben Gelfand, CEO stated: "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."
About Bluesky Digital Assets Corp.
Bluesky Digital Assets Corp, is building a high value digital enterprise. Bluesky in its startup phase, mined digital currencies such as Bitcoin and Ether and developed value-added technology services for the digital currency market, such as proprietary technology solutions. Offering a complete ecosystem of value-creation, Bluesky has invested appropriate portions of its previous digital currency mining profits back into its operations. A percentage of the profit l was invested in the development of a proprietary Artificial Intelligence ("AI") based Blockchain technology. Overall, Bluesky takes an approach that enables the Corporation to scale, and respond to changing conditions, within the still-emerging Blockchain industry. The Corporation is poised to capture value in successive phases as this industry continues to change, evolve, and scale.
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For further information please contact:
Mr. Ben Gelfand
CEO & Director
Bluesky Digital Assets Corp.
T: (416) 363-3833
Mr. Frank Kordy
Secretary & Director
Bluesky Digital Assets Corp.
T: (647) 466-4037
Information set forth in this news release may involve forward-looking statements under applicable securities laws. The forward-looking statements contained herein are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this document are made as of the date of this document and the Corporation disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation. Although management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. This news release does not constitute an offer to sell or solicitation of an offer to buy any of the securities described herein and accordingly undue reliance should not be put on such. Neither CSE nor its Regulation Services Provider as that term is defined in the policies of the CSE accepts responsibility for the adequacy or accuracy of this release. We seek safe harbor.
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