Graystone Company Announces September Bitcoin Mining Results and Forecast For October 2021
Graystone Company (OTC: GYST) reported Bitcoin mining results revealing it generated approximately 0.082 Bitcoin since operations began on May 20, 2021, leading to a 35% increase in holdings.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Graystone Company (OTC: GYST) reported Bitcoin mining results revealing it generated approximately 0.082 Bitcoin since operations began on May 20, 2021, leading to a 35% increase in holdings. For October, the company forecasts generating around 0.1341 Bitcoin. Graystone's mining capacity has reached 2,130 TH/s, expected to yield 5.07 Bitcoin annually. An operational expansion is planned with an additional 1,000 TH/s by October 31, 2021. Transparency is a focus, with the company sharing its Bitcoin wallet address.
Positive
- Generated approximately 0.082 Bitcoin since May 20, 2021.
- Increased Bitcoin holdings by 35%.
- Forecasts generation of approximately 0.1341 Bitcoin for October 2021.
- Total mining capacity at 2,130 TH/s, potentially yielding 5.07 Bitcoin annually.
Negative
- Forecasts are subject to business-related risks, including equipment pricing and Bitcoin market volatility.
Details
News Market Reaction – GYST
The recorded move for GYST in the trading session of this news was -8.49%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FORT LAUDERDALE, Fla., Sept. 30, 2021 /PRNewswire/ -- Graystone Company, Inc. (OTC: GYST) announced today that its Bitcoin mining operations, which began on May 20, 2021, generated approximately 0.082 Bitcoin and increased its Bitcoin holdings by
Graystone has proven its exponential growth. As of today, the Company has acquired a total of 2,130 TH/s of mining capacity which is expected to generate 5.07 bitcoin per year*. The initial 1,100 TH/s became operational on September 15, 2021. An additional 1,000 TH/s is expected to be operational on October 31, 2021.
The Company's Bitcoin wallet address can be found on our website at https://www.thegraystonecompany.com/blockchain. We endeavor to provide as much transparency as possible to our shareholders by providing our wallet address that shows the real time data that directly relates to our Bitcoin Mining activity, transactions and our BTC balance.
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
*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
View original content:https://www.prnewswire.com/news-releases/graystone-company-announces-september-bitcoin-mining-results-and-forecast-for-october-2021-301388668.html
SOURCE Graystone Company, Inc.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.