Graystone Company Continues To Expand With Purchase of Additional S19j Pros For Its Bitcoin Mining Operation
17 November 2021 - 2:00PM
InvestorsHub NewsWire
Graystone Company Continues To
Expand With Purchase of Additional S19j Pros For Its Bitcoin Mining
Operation
Fort Lauderdale, FL -- November 17, 2021 -- InvestorsHub
NewsWire -- Graystone Company, Inc. (OTC:
GYST) is pleased to announce the successful expansion of its
bitcoin mining operations. Just two weeks after placing an order
for 10 units of S19j Pro (100 TH/S) we were able to secure the
purchase of 15 additional machines, thereby, increasing the number
of units purchased to 25 total. This new equipment is scheduled for
December delivery and is expected to be installed in January 2022.
The cost to host the units is estimated at $185 per unit per month.
Once the new equipment is installed and operational, the Company is
expected to generate the following:
Yearly Revenue*: $487,756
Yearly Expenses for machines*: $82,536
Yearly operational profit*: $405,220
Due to extremely high demand, we are planning to dedicate some
of the equipment and space we have acquired to subleasing to
3rd party clients. This business
model will provide supplemental revenue in addition to mining BTC
for ourselves.
It is important to mention that the
company is committed to environmental sustainability and a clean
energy approach. The co-location we have engaged generates its
power from a nuclear power plant, thereby allowing the Company's
equipment to be powered by a zero-emission clean energy source.
This business decision is in-line with our values and represents a
mindful step on our journey to be a net-zero climate impact mining
operation.
About The Graystone Company, Inc.
Graystone Company operates two divisions: (1) Bitcoin Mining;
and (2) sale and hosting of Bitcoin mining equipment. 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
Email: info@thegraystonecompany.com
Phone: (954) 271-2704
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