Graystone Company Forecasted Revenue from Bitcoin Mining
Operation
Fort Lauderdale, FL -- August 10, 2021 --
InvestorsHub NewsWire -- Graystone Company, Inc. (OTC:
GYST)
announced today that the Company's Bitcoin Mining Operations, which
began on May 20, 2021, has begun generating revenue for the
Company.
The Company has acquired 2,130 TH/s which is expected to
generate $313,833 in annual revenue. This is based on current
pricing and mining difficulty*. The initial 1,100 TH/s
is expected to be set-up and operational by September 15, 2021,
with an additional 1,000 TH/s operational in October 2021.
The cost of maintenance and power for the company's mining
operations is expected to be $1.69 per TH/s per month ($3,599 per
month for the 2,130 TH/s).
The Company's goal of 50,000 TH/s is expected to generate
$7,132,590 in gross revenue and $6,118,590 in net revenue (after
maintenance and power)*. The Company is working with its suppliers
and investors to expediate the acquisition of additional mining
equipment towards its goal of 50,000 TH/s over the next 12 months
and 1,000,000 TH/s by 2024.
The Company's Bitcoin wallet address, allowing
shareholders to see the transactions from the Company's mining
operations and the balance in 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.
*Calculated using: https://novablock.com/calculator.These
calculations are based as of the below assumptions and 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 as of August 9, 2021: BTC price $45,688.00.
Mining difficulty 14496442856349.12
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.
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