Toronto, Ontario--(Newsfile Corp. - March 28, 2022) - Bluesky Digital Assets Corp., (CSE: BTC), (OTCQB: BTCWF), ("Bluesky" or the "Corporation") is pleased to announce that effective of the date of this press release, the Corporation had entered into a strategic working relationship with Monbanc Corporation ("Monbanc") with the purpose of immediately expanding the Corporation's current mining operations and with the goal of expanding and diversifying digital mining operations in the State of Texas. Monbanc is a well-established institutional digital asset mining, trading, and finance Company that specializes in mining hardware procurement, data centre operations, and has global supply chain relationships with Industry leading mining hardware manufacturers that are well suited to add value to Bluesky's mining operations.
In entering the strategic relationship, the Corporation has acquired One Million Canadian Dollars Canadian ($1,000,000.00 CAD) worth of ASIC and GPU mining rigs from Monbanc in exchange for 6,060,606 Common Shares of the Corporation. The ASIC and GPU mining rigs are currently online and in operation at the Corporation's mining facilities. The 6,060,606 Common Shares issued to Monbanc, to complete the acquisition, were issued at a price of $0.165 CAD per Common Share. The issuance of the Common Shares to Monbanc will not result in a change of control of the Corporation, within the meaning of applicable securities laws and the policies of the Canadian...
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