Graystone Company Continues
Expansion of Its Bitcoin Mining Operation With Total Purchase of 41
S19j Pros
Fort Lauderdale, FL -- December 10, 2021 -- InvestorsHub
NewsWire -- Graystone Company, Inc. (OTC:
GYST) is pleased to announce updates about our continued
expansion of its bitcoin mining operations. We have just secured
the purchase of 16 additional machines. This is a great success,
considering that were able to place this order just a few weeks
after our previous order of 25 units of S19j Pro (100 TH/S),
thereby, increasing the number of units purchased to 41. This new
batch of 16 units is scheduled for February shipment and is
expected to be installed and operational in April 2022. The cost to
host the units is estimated at $185 per unit per month.
As we approach the end of this year and look back at what we had
accomplished since we started mining on September 15, 2021, we
can't be more proud of the results. Since then, we have grown each
month by thoroughly planning each equipment acquisition tranche. We
are focused on being patient and growing our revenues and profits
slow and steady for the long-term benefits of the company and its
shareholders and building a strong foundation that can support our
future expansion plans. We are currently planning on acquiring
10-20 machines per month for the next 6 months and then increasing
our purchases to 20-30 machines per month. Executing on this plan
will allow the company to be mining with up to 300 machines by the
end of 2022. Additionally, our revenue will begin to increase as
our mining hash-power increases as the new machines are installed
beginning January 2022.
We are also excited to announce that we are planning to dedicate
some of the equipment and space we have acquired to subleasing to
3rd party clients. This business
model is attractive due to extremely high demand, and we see it as
a great opportunity that can't be missed, because it will provide
supplemental revenue in addition to mining BTC for ourselves. We
are passionate about the emerging bitcoin mining industry and we
strongly believe in our vision we have for the future of our
company, it is rewarding as we accomplish each milestone along our
journey towards the building of this future.
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: GYST) is
headquartered in Fort Lauderdale, FL., and can be contacted at
www.thegraystonecompany.com or by phone at (954) 271-2704.
Corporate
Website: www.thegraystonecompany.com
Corporate
Twitter: https://twitter.com/TheGraystoneco
Graystone Mining Twitter: https://twitter.com/Graystonemining
*Revenue related
calculations. Please note that the Company believes that any
revenue related calculations are accurate and based on factual
information, there can be no assurance that the Company will be
able to achieve all projections due to number of business-related
factors, such as equipment pricing, mining equipment availability,
bitcoin mining difficulty, bitcoin market pricing and other
unforeseen issues in deploying its mining rigs. You can view
update information on Bitcoin Mining by visiting https://novablock.com/calculator.
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
Anastasia Shishova
Email: info@thegraystonecompany.com
Phone: (954) 271-2704
