Graystone
Company Announces Subsidiary
for Bitcoin Mining Operations
and Objectives for 2021
Fort
Lauderdale, FL -- May 10, 2021 --
InvestorsHub NewsWire -- Graystone
Company,
Inc. (OTC:
GYST) announced today
that
it
has formed
a separate
operating subsidiary. All of the company's Bitcoin Mining will be
conducted through a wholly owned subsidiary,
Graystone Mining, Inc.
Terahash are the units used to measure
speed of the mining hardware for mining Bitcoin, with a TH/s
equaling one trillion hash calculations computed per second.
Due to the
production and
technical differences
among
the
various BTC
mining equipment available, from this point forward, the company
will always discuss mining operations in
terms of
TH/s and will make its purchasing and
acquisition decisions based on the following
calculations:
- Acquisition
cost per TH/s
- Power cost
per TH/s.
Graystone Mining, Inc.
plans to acquire 50,000 Terahash (TH/s) in calendar year
2021. Based on open-source
calculators available through online resources such as
NovaBlock, we currently expect
the following
results from 50,000 TH/s:
- Daily
Revenue: 0.30503539 BTC (or approximately $17,500 per day USD based
on current Bitcoin price)
- Daily Power
Costs: $2,816 per day (based on $1.69 per month per
TH/s)
*Calculated
using: https://novablock.com/calculator
These calculations are
subject to change based on increases in price for equipment,
costs
for power
or fluctuation in price per BTC. Even
with these
variables, the company feels strongly that an aggressive approach
to Bitcoin Mining will be very favorable toward creating
shareholder value.
About The
Graystone Company, Inc.
Graystone
Company operates
two divisions: A Bitcoin
BTC
mining
operation and
a
Wellness,
Longevity and Anti-Aging product line.
The Graystone Company, Inc. (OTC
PINK:GYST)
is headquartered in Fort Lauderdale, FL., and can be
contacted
at
www.thegraystonecompany.com or by phone at (954)
271-2704.
Notice Regarding
Forward-Looking Statements in this press release which
are not purely historical are forward-looking statements and
include any statements regarding beliefs, plans, expectations or
intentions regarding the future. Actual results could differ from
those projected in any forward-looking statements due to numerous
factors. These forward-looking statements are made as of the date
of this news release, and we assume no obligation to update the
forward-looking statements, or to update the reasons why actual
results could differ from those projected in the forward-looking
statements. Although we believe that any beliefs, plans,
expectations and intentions contained in this press release are
reasonable, there can be no assurance that any such beliefs, plans,
expectations or intentions will prove to be accurate.
For more
information:
Graystone Company
Email: info@thegraystonecompany.com
Phone: (954)
271-2704
