Graystone Company Announces
Acquisition of 1,000
Terahash (TH/s) for its Bitcoin
Mining Operation
Fort
Lauderdale, FL -- May 18, 2021 --
InvestorsHub NewsWire -- Graystone
Company,
Inc. (OTC:
GYST) announced today
that is has begun
acquiring Bitcoin mining
capacity for its Bitcoin
Mining
Operations. The Company acquired 1,000 Terrahash (TH/s). This is the initial
acquisition towards the company's goal of acquiring 50,000 TH/s
in 2021 and 100,000
TH/s
in
2022.
The 1,000 TH/s is expected to
generate 0.00501981
BTC (or
$221.23) per day.* The acquisition
cost
was
$49,445 and was paid by our CEO.
The equipment will be hosted in the United States and is expected
to be delivered and set-up by September 15,
2021. The cost of maintenance and
power for the company's mining
operations will be at a rate of $1.69 per TH/s
per month ($1,690 per month for the 1,000 TH/s). Our breakeven point is
a Bitcoin price of approximately $23,640*, which includes
the power,
maintenance and acquisition cost of the TH/s over 36 months (which
is the expected useful life of mining equipment).
The company has set
up a
corporate
Bitcoin
wallet
address. The wallet can be viewed by
shareholders at the following link
and will allow
shareholders to see the transactions from the Company's
mining
operations
and the balance
in the wallet:
https://www.blockchain.com/btc/address/32nWKSce24EPUGXnkfqVdvUyWbrVUmwpAr
Additionally, the
Company will provide a
livestream of the mining dashboard so shareholders
will be able
to view
real time mining data. The company has provided a video (for representative purposes
only) of a mining dashboard
that will be
similar to what will be live streamed. This video
is
viewable
on the
company Twitter page
at: https://twitter.com/TheGraystoneco.
The video will serve as a good
representation of how mining fluctuates
throughout the
day.
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
the Bitcoin Mining division. Further details
forthcoming.
*Calculated using:
https://novablock.com/calculator.
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.
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
Twitter:
https://twitter.com/TheGraystoneco
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