Bluesky Digital Assets Corp (OTCMKTS:BTCWF) Stock Continues to Trade in a Narrow Range

Bluesky Digital Assets Corp (OTCMKTS:BTCWF) in a range after the company announced that in line with the previously announced plans to expand its mining activities through a staged approach to enhance profitability and revenue, it has also finalized another important mining asset deal.

Market Stats

On Wednesday, BTCWF stock slid 2.27% at $0.3350 with more than 199K shares, compared to its average volume of 79k shares. The stock has moved within a range of $0.3302 – 0.3501 after opening the trade at $0.35.

Additional $1.2 Million Dollar Strategic Mining Hardware Acquisition

The new order closed on November 2, 2021, and comprises around CA$1.232 million worth of GPU mining rigs. Most importantly, the latest acquisition of the customizable mining rigs leverage and builds upon the relationship between the company and Pandaminer previously revealed onFebruary 8, 2021

Currently, the sector is experiencing chip shortages leading to disruptions of global supply chains. Still, Bluesky has executed a major order and anticipates the new assets to be delivered at its facility in three weeks. As per Bluesky’s specifications, this is a custom order that the company’s internal technical group shall optimize and hit full production within 45 days. So in the coming weeks, BTCWF is worth watching.

Key Quote

Ben Gelfand, CEO stated: “We continue to strategically put our raised capital to work in an expedited fashion to exploit the current market conditions and increase our revenue and profitability for our shareholders.”