Graystone Company Continues
Expansion of Its Bitcoin Mining Operation; Increases Total Order To
50 S19j Pros
Fort Lauderdale, FL --
January 27, 2022 -- InvestorHub 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 9 additional machines. This brings the total number
of units on order to 50. The units will begin to be installed
in the coming weeks.
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 8-20 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 being
installed.
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 profitability, 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.
The
Graystone Company has two distinct lines of business: (1) Bitcoin
Mining; and (2) sale and hosting of Bitcoin mining equipment. The
Company launched its Bitcoin Mining operation in May 2021 and began
selling mining equipment in October 2021. The Company's Bitcoin
mining wallet address can be viewed at anytime using this
link: https://www.blockchain.com/btc/address/32nWKSce24EPUGXnkfqVdvUyWbrVUmwpAr
The
Graystone Company, Inc. (OTC
PINK:GYST) is headquartered in Fort Lauderdale, FL., and can be
contacted at investors@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
