Bluesky Digital Assets Corp. announced that effective April 6th, 2022 the Corporation had entered into a strategic Joint Venture Agreement with Monbanc Corporation with the purpose of immediately expanding the Corporation's current Bitcoin mining operations and capabilities in the State of Texas. The Texas based operations have the capability of expanding up to 175 MW in electrical capacity. Monbanc is controlled by Mr. Daniel Rafuse who serves as a Director of the Corporation. The S19 Hydro ASIC miners will be housed in the Antbox, and all of the units utilize a new hydro-cooled power supply that has a minimum 95% conversion rate efficiency which achieves a considerable energy savings over mining operations run by traditional air-cooled systems. The hydro-cooled power supply results in significantly lower electrical costs while providing greater environmental protection. Furthermore, the S19 Hydro ASIC miners are all dust proof and operate with no cooling fans which eliminates dust intake into the miners and eliminates downtime from broken fans and dust cleaning maintenance required for traditional air-cooled systems. Noise
generated by hydro-cooled miners is reduced by a factor of 80% vs. traditional air-cooled fan-based mining systems. The S19 Hydro ASIC miners were designed for, and are ideal for, mining operations in hot climates. The Antbox system that will house the S19 Hydro ASIC miners, will maintain stable low temperatures in even the hottest climates - something that has been long sought out in an industry in which even a 1 degree centigrade of temperature can make a substantial difference across multiple units. In total, the Corporation paid USD 714,880 /CAD 899,605 for its portion of the equipment with the other USD 714,880 being paid by the Corporation's joint venture partner.
Blueksy's portion of the Antbox and the S19 Hydro ASIC miners will increase the Corporation's Bitcoin mining capabilities by a minimum 18.5 PH/s which would amount to approx. CAD 114,380 per month in additional gross revenue based on BTC being priced at CAD 45,000 per BTC and based on the minimum PH/s achieved. At the time of this press release, Bitcoin was priced approximately at CAD 56,000 and therefore based on a valuation of CAD 56,000 per Bitcoin the Corporation would anticipate seeing an additional CAD 142,340 per month in gross revenue from its joint venture share of the equipment's earned mining gross revenue. The Antbox, and the 195 S19 Hydro ASIC miners, are expected to arrive at the Corporation's Texas based facility and be put into operation at some point between late June and early July of this year. The Corporation plans to order additional Antbox's in Fourth Quarter of this year.