Bluesky Digital Assets (TSE:BTC)
:BTC
Top Page
Bluesky Digital Assets
(BTC)
Select Model
Select Model
Rating:50Neutral
Price Target:
C$0.11
▲(57.14% Upside)
Action:ReiteratedDate:01/14/26
The score is held down primarily by weak financial performance (minimal/unstable revenue, large losses, and ongoing cash burn). Technicals provide a meaningful offset with a strong uptrend and positive momentum, but valuation remains challenged due to negative earnings and no dividend support.
Positive Factors
Low leverage / equity cushion
Very low reported leverage and a positive equity balance provide durable financial flexibility. With minimal debt relative to equity, Bluesky can better absorb operating losses, pursue restructuring or capital raises, and avoid immediate solvency pressure while seeking a path to profitability.
Negative Factors
Minimal, unstable revenue
Extremely low and declining revenue undermines the firm's ability to build a durable business. With top-line near zero and prior-period revenue disappearing, there is no clear scalable revenue base to absorb fixed costs or generate operating leverage, limiting medium-term viability.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / equity cushion
Very low reported leverage and a positive equity balance provide durable financial flexibility. With minimal debt relative to equity, Bluesky can better absorb operating losses, pursue restructuring or capital raises, and avoid immediate solvency pressure while seeking a path to profitability.
Read all positive factors
Bluesky Digital Assets (BTC) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$8.19M
Dividend YieldN/A
Average Volume (3M)71.04K
Price to Earnings (P/E)―
Beta (1Y)-2.16
Revenue GrowthN/A
EPS Growth-15.07%
CountryCA
EmployeesN/A
SectorFinancial
Sector Strength70
IndustryFinancial - Capital Markets
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding74,478,960
10 Day Avg. Volume67,848
30 Day Avg. Volume71,041
Financial Highlights & Ratios
PEG Ratio0.06
Price to Book (P/B)10.31
Price to Sales (P/S)0.00
P/FCF Ratio-15.01
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Bluesky Digital Assets Business Overview & Revenue Model
Company Description
Bluesky Digital Assets Corp. operates as a digital assets mining company in Canada. The company mines digital currencies, such as Bitcoin and Ether; and offers value-added technology services for the digital currency market, such as digital mining...
How the Company Makes Money
Bluesky Digital Assets generates revenue through multiple streams, primarily focusing on transaction fees from trading activities on its platform, which includes both cryptocurrency buy/sell transactions and DeFi investment operations. Additionall...
Bluesky Digital Assets Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
48
Neutral
Cash Flow
12
Very Negative
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.31K | 0.00 | 0.00 | 1.42M | 3.73M | 694.64K |
| Gross Profit | -184.29K | -73.73K | -120.45K | -6.91M | 2.17M | -260.85K |
| EBITDA | -4.94M | -2.56M | -3.94M | -5.52M | -4.96M | -1.09M |
| Net Income | -4.94M | -2.62M | -4.06M | -7.40M | -6.31M | -1.63M |
Balance Sheet | ||||||
| Total Assets | 3.16M | 1.61M | 880.09K | 1.97M | 8.72M | 2.02M |
| Cash, Cash Equivalents and Short-Term Investments | 717.17K | 1.31M | 148.82K | 281.07K | 1.00M | 1.61M |
| Total Debt | 125.38K | 114.69K | 165.81K | 265.27K | 296.97K | 291.40K |
| Total Liabilities | 411.67K | 709.70K | 856.39K | 1.41M | 3.84M | 645.11K |
| Stockholders Equity | 2.74M | 903.46K | 23.70K | 556.92K | 4.88M | 1.37M |
Cash Flow | ||||||
| Free Cash Flow | -834.41K | -620.80K | -1.27M | -2.89M | -7.83M | -683.81K |
| Operating Cash Flow | -834.41K | -620.80K | -1.27M | -439.31K | -1.94M | -588.36K |
| Investing Cash Flow | -570.99K | 211.75K | 364.97K | -2.31M | -5.45M | 1.72K |
| Financing Cash Flow | 2.05M | 1.59M | 768.66K | 2.18M | 7.06M | 809.21K |
Bluesky Digital Assets Technical Analysis
Positive
0.07
Price Trends
0.11
Negative
0.09
Positive
0.10
Positive
Market Momentum
<0.01
Positive
81.57
Negative
100.00
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:BTC, the sentiment is Positive. The current price of 0.07 is below the 20-day moving average (MA) of 0.11, below the 50-day MA of 0.11, and below the 200-day MA of 0.10, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 81.57 is Negative, neither overbought nor oversold. The STOCH value of 100.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:BTC.
Bluesky Digital Assets Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
51 Neutral | C$1.45M | -20.49 | 3.27% | ― | ― | ― | |
50 Neutral | C$8.19M | -12.02 | -277.20% | ― | ― | -15.07% | |
45 Neutral | C$3.40M | -1.60 | 103.61% | ― | ― | ― | |
42 Neutral | C$4.97M | -9.98 | -27.43% | ― | -30.56% | -189.35% | |
40 Underperform | C$4.24M | -2.07 | -108.07% | ― | -90.58% | -43.16% | |
40 Underperform | C$2.36M | -1.21 | ― | ― | ― | ― |
* Financial Sector Average
TSE:BTC
Bluesky Digital Assets
0.11
-0.03
-21.43%
TSE:CSTR
CryptoStar Corp
0.01
-0.01
-50.00%
TSE:BITK
BlockchainK2
0.09
0.02
20.00%
TSE:BKMT
BlockMint Technologies
0.03
-0.02
-33.33%
TSE:SATO
SATO Technologies
0.10
-0.05
-32.14%
TSE:SPIR
SPIRIT Blockchain Capital, Inc.
0.02
-0.04
-72.73%
Bluesky Digital Assets Corporate Events
Business Operations and StrategyFinancial DisclosuresProduct-Related Announcements
Bluesky-Backed ChessGold Posts Rapid Global User Growth and Expands Payments Infrastructure
Positive
Feb 2, 2026
ChessGold Inc., the online competitive chess platform backed by Bluesky Digital Assets, has reported rapid global expansion, reaching 43,732 registered players across 221 countries and territories and processing more than 283,000 matches between J...
Business Operations and StrategyM&A Transactions
Bluesky Digital to Acquire ChessGold in Fundamental Change Transaction
Positive
Jan 22, 2026
Bluesky Digital Assets Corp. has signed a binding letter of intent to acquire all outstanding shares of ChessGold Inc. in a transaction that will constitute a fundamental change under Canadian Securities Exchange rules and shift the resulting issu...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.