Company Summary – BluSky AI Inc.

Overview

• Name Change & Rebranding: Formerly known as Inception Mining Inc., rebranded to BluSky AI Inc. in March 2025.
• Headquarters: Salt Lake City, Utah.
• Industry Focus: Transitioned from mining to data center infrastructure for artificial intelligence (AI) and high-performance computing (HPC).

Core Business

• Primary Focus:

  • Developing and providing modular, scalable data centers designed specifically for AI workloads.
  • Strategy involves rapid deployment of plug-and-play containerized compute centers on owned land assets with existing power infrastructure.
  • Targeting sites with power capacities from 1 MW to 60 MW across multiple U.S. jurisdictions.
  • Focus on sustainability by harnessing renewable energy sources like solar, wind, geothermal, and battery storage.

• Market Offerings:

  • Leasing and Subscription Services: Physical infrastructure tailored to support AI workloads, including design, deployment, and ongoing management.
  • Operational & Energy Analytics: Value-added services such as energy management, predictive maintenance, and operational monitoring.
  • Strategic & Government Contracts: Serving private enterprise and government sectors with secure and environmentally responsible data center solutions.

• Technology & Deployment:

  • Modular container centers designed for deployment in months.
  • Addressing global AI compute shortages with turnkey, rapidly deployable solutions.
  • Long-term plans to develop multiple sites for regional and global demand.

Market & Industry Position

• Competing against large hyperscale providers (e.g., AWS, Google, Microsoft) and emerging modular providers.
• Emphasizes speed-to-market, lower capital expenditure, environmental sustainability, and modular scalability.
• Seeks to meet increasing demand for AI compute power driven by AI, IoT, and Big Data.

Revenue Model

• Derived primarily from:
  • Leasing/subscription services for modular data centers.
  • Operational & energy management services.
  • Partnerships and public sector contracts.

Current Operations and Financials

• Employees: 0 full-time employees, contract-based workforce.
• Customers: Not explicitly specified; focus on industry sectors (private enterprise, government) with growing AI needs.
• Revenue & Income: No specific revenue or profit figures provided.
• Financial Status (as of December 31, 2024):
  • Net loss: $949,782 (annual 2024).
  • Total assets: $531.
  • Total liabilities: $3,346,850.
  • Working capital: Deficit of $3,346,850.
  • Accumulated deficit since inception (2007): ~$29.86 million.
  • Cash: Nil as of year-end 2024; had minimal cash in prior periods.

Business Evolution

• Historical Operations:
  • Previously operated in the mining industry, including ownership of the Clavo Rico mine in Honduras until divestiture in January 2023.
  • Also involved in ownership of gold mining properties in Idaho (UP and Burlington).
  • Transitioned in 2023 to focus solely on AI data infrastructure.

Strategic & Future Goals

• Develop multiple AI data center sites across U.S. regions.
• Address AI compute market shortages with rapid deployment and green energy solutions.
• Build a scalable portfolio with regional diversification, targeting sites with existing power infrastructure.
• Focus on environmentally conscious, energy-efficient, modular compute solutions for AI companies, government agencies, and other high-demand sectors.

Note: No specifics provided about the number of customers, exact revenue, or detailed profitability figures beyond the losses reported. The company’s operations are currently primarily in the development and strategic planning phases with no revenue reported for 2024.