Graystone Company Announces
Acquisition of Additional Bitcoin Mining
Equipment Doubling Its Current Mining Capacity
Fort
Lauderdale, FL -- August
4,
2021 --
InvestorsHub NewsWire -- Graystone
Company,
Inc. (OTC:
GYST) announced today
that is
has acquired an additional 1,000
Terrahash (TH/s) increasing its current mining capacity to 2,130
TH/s. The
Company is
working with its suppliers to acquire an additional
equipment
for
October
delivery.
The 2,130 TH/s is expected to
generate 0.01847362
BTC (or
$730.58) per day or $263,009 per year.* The acquisition
cost
was
$49,450. The equipment will be
hosted in the United States and is expected to be
delivered and fully set-up by October 31, 2021.
The cost of
maintenance and power for the company's mining
operations is expected to
be
at a rate of
$1.69 per TH/s per month ($1,690 per month for the 1,000
TH/s).
The company has provided a video of a mining dashboard
that will be
similar to what will be live streamed on our website
beginning in
September. This video
is
for demonstration
purposes only and can be found
on
our
Twitter page
at:
https://twitter.com/TheGraystoneco. The video
serves as a good example of how mining
power
fluctuates
throughout the
day.
In addition to the dashboard,
we have previously
provided our
Bitcoin wallet address, allowing shareholders to see the
transactions from the Company's mining operations and the balance
in the wallet. The wallet can be found on our website
at https://www.thegraystonecompany.com/blockchain.
By providing real
time data
via the
wallet address and live streaming the mining dashboard, the
company endeavors to provide
as much transparency as possible to its shareholders
as it relates
to our Bitcoin Mining
operations.
Graystone Company launched
its Bitcoin Mining divsion on May 20, 2021 and
is working
towards its goal of acquiring 50,000 TH/s in 2021 and 1,000,000
TH/s by 2024. Further details
will be
forthcoming.
*Calculated using:
https://novablock.com/calculator as of July 29, 2021.
These
calculations are subject to change based on increases in price for
equipment, costs for power, changes in mining
difficulty, and/or fluctuation
in price per
BTC. Assumptions: Mining
difficulty: 14496442856349.12
and BTC Price of
$39,547.00
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 @ (954)
271-2704.
Corporate
Website: www.thegraystonecompany.com
Corporate
Twitter: https://twitter.com/TheGraystoneco
Graystone Mining Twitter: https://twitter.com/Graystonemining
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
