Bluesky Digital Assets (BTC) AI Stock Analysis

• Market Cap: C$6.33M
• Dividend Yield: N/A
• Average Volume (3M): 71.04K
• Price to Earnings (P/E): ―
• Beta (1Y): -2.14
• Revenue Growth: N/A
• EPS Growth: -15.07%
• Country: CA
• Employees: N/A
• Sector: Financial
• Sector Strength: 70
• Industry: Financial - Capital Markets
• EPS (TTM): >-0.01
• Shares Outstanding: 74,478,960
• 10 Day Avg. Volume: 67,848
• 30 Day Avg. Volume: 71,041
• PEG Ratio: 0.06
• Price to Book (P/B): 10.31
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -15.01
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 45 Neutral
• Price Target: C$0.07 ▲(4.29% Upside)

The score is primarily constrained by weak financial performance (minimal/unstable revenue, large losses, and ongoing cash burn). Technicals provide only partial support with short-term strength but longer-term downtrend signals. Valuation is also limited by negative earnings and no dividend yield data.

Positive Factors

Diversified Revenue Model

Multiple revenue streams (trading fees, advisory, AUM-based management fees and partnership commissions) create structurally diversified cash inflows. Management-fee income tied to AUM, if grown, can provide recurring revenue that smooths volatility in trading volumes.

Low Leverage / Equity Cushion

A very low debt load and positive equity provide balance-sheet flexibility over the medium term, lowering solvency risk and giving the company room to finance operations or invest in product development without immediate refinancing pressure.

Institutional Focus and Tech Orientation

A clear focus on digital-asset management, DeFi and institutional clients reflects a structural market niche with growing long-term demand. Technology-led service delivery supports scalability and differentiation versus traditional capital markets providers.

Negative Factors

Minimal and Unstable Revenue

Extremely low and volatile top-line removes the foundation for sustainable margins or reinvestment. Without a credible path to stable AUM growth or recurring fee income, revenue instability undermines long-term viability and investor confidence.

Consistent Cash Burn

Persistent negative operating and free cash flow indicates the business consumes cash rather than generating it. Over months this elevates funding risk, increases reliance on external capital, and constrains the ability to invest in growth initiatives or weather downturns.

Deep Losses and Weak Returns

Large operating and net losses with persistently negative ROE signal structural profitability issues. A stressed capital structure in 2023 shows historical volatility in capitalization, increasing the probability of dilution or costly financing if losses continue.

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 proprietary methods and applications. It also engages in the commercial rental activities. The company was formerly known as Gunpowder Capital Corp. and changed its name to Bluesky Digital Assets Corp. in December 2019. Bluesky Digital Assets Corp. is based in Toronto, Canada.

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. Additionally, the company earns money through advisory fees for its investment consulting services, where it guides clients on asset allocation and investment strategies within the digital asset space. Another significant revenue stream comes from asset management services, where Bluesky charges management fees based on a percentage of assets under management (AUM). Strategic partnerships with blockchain technology firms and exchanges also enhance its revenue potential through referral commissions and shared service offerings, contributing to a diversified income model.

Bluesky Digital Assets Financial Statement Overview

Summary

Bluesky Digital Assets is facing significant financial difficulties across all verticals. The income statement reflects declining revenues and persistent losses, while the balance sheet shows some improvement in leverage but ongoing profitability challenges. Cash flow remains negative, indicating liquidity issues. The company needs to address its revenue decline and improve operational efficiency to achieve financial stability.

Income Statement

Bluesky Digital Assets has faced significant challenges in its income statement. The company has experienced a severe decline in revenue, with a negative revenue growth rate of -57.84% in the most recent year. Margins are deeply negative, with net profit and EBIT margins indicating substantial losses. The gross profit margin is also negative, reflecting inefficiencies in cost management. Overall, the income statement shows a struggling financial performance with no clear signs of profitability.

Balance Sheet

The balance sheet reveals a mixed picture. The debt-to-equity ratio has improved to 0.13, indicating a reduction in leverage compared to previous years. However, the return on equity remains negative, highlighting ongoing profitability issues. The equity ratio suggests a moderate level of equity financing, but the company's financial stability is still under pressure due to persistent losses.

Cash Flow

Cash flow analysis shows some improvement in free cash flow growth, but the company continues to generate negative operating and free cash flows. The operating cash flow to net income ratio is negative, indicating cash flow challenges. While the free cash flow to net income ratio is positive, it reflects the company's ability to cover net losses rather than generate positive cash flow.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
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

• Technical Analysis Sentiment: Positive
• Last Price: 0.07
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: 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 above the 20-day moving average (MA) of 0.07, below the 50-day MA of 0.07, and below the 200-day MA of 0.11, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 62.44 is Neutral, neither overbought nor oversold. The STOCH value of 84.92 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
BKMT	51 Neutral	C$2.89M	37.50	6.64%	―	―	―
SATO	46 Neutral	C$7.07M	-4.15	-27.43%	―	-30.56%	-189.35%
BTC	45 Neutral	C$6.33M	-1.10	-277.20%	―	―	-15.07%
SPIR	42 Neutral	C$2.36M	―	―	―	―	―
CSTR	40 Underperform	C$2.12M	-0.74	-108.07%	―	-90.58%	-43.16%

Bluesky Digital Assets Corporate Events

Bluesky Digital Assets Issues Corrective Disclosure on Private Placement Offering

Bluesky Digital Assets Corp. announced corrective disclosures regarding its non-brokered private placement offering, initially announced in July 2025. The company clarified the issuance details of its tranches, correcting previously misstated figures. The offering, which raised approximately C$574,000, will support the advancement of Bluesky’s AI and online gaming projects, alongside general working capital needs.