SkyChain Technologies Inc.

From WikiAlpha
Jump to: navigation, search
SkyChain Technologies Inc.
Type Public
Traded as CVE:SCT
OTCQB:SKTCF
Industry Crypto
Area served Worldwide
Subsidiaries MiningSky Container Ltd
MiningSky USA, Inc
MiningSky Manitoba
Skyrendering Technologies Inc.
Website skychaintechnologiesinc.com

SkyChain Technologies Inc. is a Canadian TSX-listed blockchain infrastructure services producer with its headquarters located in Vancouver, Canada.[1][2] Bill Zhang is the incumbent chief executive officer (CEO) of the company.[3]

SkyChain provides power and energy solutions for large scale mining farms in order to optimize their mining power consumption.[4] The company also provides solutions for the construction of mining farms, along with all-inclusive miner hosting and colocation services.[5]

It is listed on the TSX Venture Exchange.[6]

The company also operates subsidiary companies, including wholly-owned subsidiaries such as MiningSky Container Ltd., MiningSky USA, Inc, MiningSky Manitoba and 50 percent owned subsidiary Skyrendering Technologies Inc.[7]

Through its subsidiary, MiningSky Technology LTD, the company provides cryptocurrency mining hosting services as well as sell power distribution equipment. [8]

History

The company was founded in 1977 as Green Valley Mine.[9]

On September 18, 2018, the Company completed the reverse acquisition of MiningSky Technology Ltd. ("MiningSky") and the change of business process. In the same month, they changed the company name to SkyChain Technologies.[10]

MiningSky was incorporated under the Business Corporations Act (British Columbia) on November 10, 2017. On March 7, 2018 MiningSky incorporated a wholly-owned subsidiary MiningSky USA, Inc. (MiningSky USA) in Washington, United States.

On March 27, 2020, Skychain incorporated its wholly owned subsidiary MiningSky Technologies (Manitoba) Inc. in the province of Manitoba (MiningSky Manitoba). MiningSky and MiningSky Manitoba are involved in the business of providing cryptominers with all-in-one solution with warehouse space, low-cost electricity, and maintenance and hosting services.

On April 26, 2021, the Company and a joint venture partner jointly incorporated Skyrendering Technologies Inc.

In July 2021, it signed an agreement with Synergy Global Consulting Corp and 1283230 B.C. Ltd to form a joint-venture named Skyrendering Technologies Inc. which will provide premier visual effects (VFX) rendering services to the film and entertainment industry.[11] They also formed a joint-venture with The Embassy Visual Effects Inc to further develop Skyrendering Technologies capabilities in rendering visual effects services.[12] In the same month, the company also formed a new joint-venture named MiningSky Container Ltd and acquired a real estate property in Manitoba which will be used as a crypto hosting facility.[13][14]

In May 2021, the company got listed on the OTCQB Venture Marketplace.[15]

In October 2021, an agreement was signed with Sunset Solar Inc. to secure land and power in Alberta.[16]

Products and Services

  • SkyChain GPU Miner, a fully customized and stabilized high-performance GPU miner[17]
  • Mining Energy Solutions, a reliable Bitcoin mining energy solutions for miners[18]
  • Miner Hosting, a professional and reliable miner hosting service based in Canada and the United States[19]
  • Rapid Deployment, a simpler and scalable rapid deployment solution for mining farms[20]

Subsidiaries

  • MiningSky Container Ltd.
  • MiningSky USA, Inc
  • MiningSky Manitoba
  • MiningSky Technology LTD
  • Skyrendering Technologies Inc.

Board of Directors

The Board of Directors of the company currently consists of following members:

  • Bill Zhang (CEO)
  • Don Gordon (CFO)
  • Xi "Walson" Wang (Director)
  • Tang Tang (Director)
  • Frederick Jung (Director)
  • Anastasiia Zherbakhanova

References

  1. https://www.bloomberg.com/profile/company/SCT:CN
  2. https://skychaintechnologiesinc.com/contact-us/contact-us/
  3. https://www.chathamdailynews.ca/newsfile/89538-skychain-signed-investment-agreement-to-establish-skyrendering-technologies-inc
  4. https://www.reuters.com/companies/SCT.V
  5. https://www.reuters.com/companies/SCT.V
  6. https://www.chathamdailynews.ca/newsfile/89538-skychain-signed-investment-agreement-to-establish-skyrendering-technologies-inc
  7. https://www.reuters.com/companies/SCT.V
  8. https://data-lead.com/company/name/Skychain+Technologies+Inc./id/11675176/v/760b44d9
  9. https://data-lead.com/company/name/Skychain+Technologies+Inc./id/11675176/v/760b44d9
  10. https://data-lead.com/company/name/Skychain+Technologies+Inc./id/11675176/v/760b44d9
  11. https://www.chathamdailynews.ca/newsfile/89538-skychain-signed-investment-agreement-to-establish-skyrendering-technologies-inc
  12. https://skychaintechnologiesinc.com/investors/news-releases/skychain-signs-loi-to-establish-joint-venture-for-visual-effects-rendering-services/
  13. https://skychaintechnologiesinc.com/investors/news-releases/skychain-announces-coo-appointment-and-container-manufacturing-joint-venture/
  14. https://skychaintechnologiesinc.com/investors/news-releases/skychain-signed-an-offer-to-purchase-a-property-in-manitoba-for-crypto-hosting-facility/
  15. https://skychaintechnologiesinc.com/investors/news-releases/skychain-announces-u.s-listing-on-otcqb-venture-marketplace-with-symbol-sktcf/
  16. https://skychaintechnologiesinc.com/investors/news-releases/skychain-signed-agreement-to-secure-land-and-power-in-alberta-for-crypto-hosting-facility/
  17. https://skychaintechnologiesinc.com/
  18. https://skychaintechnologiesinc.com/
  19. https://skychaintechnologiesinc.com/
  20. https://skychaintechnologiesinc.com/