Bluesky Digital Assets (BTC) AI Stock Analysis

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Bluesky Digital Assets

(CNQX:BTC)

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Rating:48Neutral

Price Target:CAD 0.11▼(-0.91% Downside)

Action:reiterated

Date:08/25/26

The score is held down primarily by weak financial performance (ongoing losses and cash burn), with only partial support from a comparatively low-leverage balance sheet. Technicals add mixed impact—flat trend but clearly overbought momentum—while valuation remains unattractive due to negative earnings. Corporate events provide some upside optionality, but execution and approval risks remain.

Positive Factors

Low LeverageThe currently low debt burden reduces near-term solvency pressure and gives the company greater flexibility than a highly leveraged capital structure. This may help preserve operating options while management works to improve profitability and cash generation over the next several quarters.

Negative Factors

Persistent Net LossesRepeated and sizable net losses show that the current operating model has not reached profitability. Continued losses can erode equity, restrict internally funded investment, and make future growth dependent on external capital until revenue becomes sufficient to absorb the cost base.

Bluesky Digital Assets (BTC) vs. iShares MSCI Canada ETF (EWC)

Market Cap: CAD 8.19M
Dividend Yield: ―
Average Volume (3M): ―
Price to Earnings (P/E): -2.6
Beta (1Y): 2.21
Revenue Growth: -293.45%
EPS Growth: 68.53%
Country: Canada
Employees: 0
Sector: Financial
Sector Strength: 68
Industry: Financial - Capital Markets

Bluesky Digital Assets Business Overview & Revenue Model

Company Description

Bluesky Digital Assets Corp., a Canadian firm based in Toronto, specializes in the extraction of digital assets. The company actively mines cryptocurrencies like Bitcoin and Ether. In addition to its core mining operations, it delivers innovative tec...

Bluesky Digital Assets Financial Statement Overview

Summary

Overall fundamentals are weak: the company is reporting sizable net losses (about -$3.0M TTM and -$4.7M last annual) and consistently negative operating and free cash flow (about -$0.6M TTM OCF). The balance sheet is a relative positive with low leverage (debt-to-equity ~0.07 TTM) and positive equity, but negative ROE and historical instability limit confidence.

Income Statement

18Very Negative

Balance Sheet

55Neutral

Cash Flow

22Negative

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	-22.66K	5,572	0	0	1.42M	3.73M
Gross Profit	-1.09M	-1.09M	-73.73K	-120.45K	-6.91M	2.17M
EBITDA	-4.64M	-4.65M	-2.56M	-3.94M	-5.52M	-4.96M
Net Income	-4.66M	-4.66M	-2.62M	-4.06M	-7.40M	-6.31M
Balance Sheet
Total Assets	1.25M	1.25M	1.61M	880.09K	1.97M	8.72M
Cash, Cash Equivalents and Short-Term Investments	269.16K	269.16K	1.31M	148.82K	281.07K	1.00M
Total Debt	65.84K	65.84K	114.69K	165.81K	265.27K	296.97K
Total Liabilities	158.54K	158.54K	709.70K	856.39K	1.41M	3.84M
Stockholders Equity	1.10M	1.10M	903.46K	23.70K	556.92K	4.88M
Cash Flow
Free Cash Flow	-658.45K	-658.46K	-620.80K	-1.27M	-2.89M	-7.83M
Operating Cash Flow	-658.46K	-658.46K	-620.80K	-1.27M	-439.31K	-1.94M
Investing Cash Flow	-950.43K	-950.43K	211.75K	364.97K	-2.31M	-5.45M
Financing Cash Flow	562.00K	562.00K	1.59M	768.66K	2.18M	7.06M

Bluesky Digital Assets Technical Analysis

Technical Analysis SentimentPositive

Last Price0.11

Price Trends

50DMA0.11Negative

100DMA0.11Positive

200DMA0.11Positive

Market Momentum

MACD0.00Positive

RSI80.65Negative

STOCH100.00Negative

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 0.11 is equal to the 20-day moving average (MA) of 0.11, below the 50-day MA of 0.11, and above the 200-day MA of 0.11, indicating a neutral trend. The MACD of 0.00 indicates Positive momentum. The RSI at 80.65 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

Overall Rating

UnderperformOutperform

Sector (68)

Financial Indicators

TSE:BTC against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	68Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
TSE:BTC	48Neutral	CAD 8.19M	-2.63	-170.33%	―	-293.45%	68.53%
TSE:CSTR	43Neutral	CAD 2.33M	-0.68	-171.68%	―	-70.40%	42.19%
TSE:SATO	39Underperform	CAD 4.25M	-0.97	-109.65%	―	-31.25%	-30.36%
TSE:BITK	38Underperform	CAD 1.13M	-1.01	71.71%	―	-103.62%	34.73%
TSE:BKMT	30Underperform	CAD 1.21M	-1.41	-43.65%	―	―	1.75%

* Financial Sector Average

Performance Comparison

TSE:BTC and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TSE:BTC	Bluesky Digital Assets Corp.	0.11	0.03	37.50%
TSE:CSTR	Cryptostar	0.01	-0.01	-50.00%
TSE:BITK	BlockchainK2 Corp	0.03	-0.07	-70.00%
TSE:BKMT	BlockMint Technologies Class A	0.03	-0.03	-50.00%
TSE:SATO	Sato Technologies Corp.	0.06	-0.11	-65.63%

Bluesky Digital Assets Corporate Events

Business Operations and StrategyDelistings and Listing ChangesM&A TransactionsPrivate Placements and FinancingShareholder Meetings

Bluesky Digital Wins Conditional CSE Approval for ChessGold Deal

Positive

Aug 18, 2026

Bluesky Digital Assets Corp. has obtained conditional approval from the Canadian Securities Exchange for its planned acquisition of ChessGold Inc., a deal classified as a Fundamental Change under CSE policies and requiring shareholder approval at a s...

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.

Date of analysis: Aug 25, 2026

Bluesky Digital Assets AI Stock Analysis

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