Graystone Company Announces Partnership with National Forest Foundation with Goal of Planting Millions of Trees

Rhea-AI Summary

Graystone Company (OTC: GYST) has partnered with the National Forest Foundation to plant trees in U.S. National Forests, beginning with a donation to plant 1,000 trees. This initiative aims to reduce the carbon footprint of its Bitcoin mining operations by sequestering carbon and removing air pollutants. The company plans to eventually plant at least one million trees annually as part of its sustainability efforts. Graystone emphasizes the importance of responsible environmental practices in the context of its Bitcoin mining operations.

Positive

• Partnership with National Forest Foundation to plant 1,000 trees.
• Aims to plant at least one million trees annually to reduce carbon footprint.
• Initiative aligns with growing environmental sustainability trends.

Negative

• None.

FORT LAUDERDALE, Fla., May 25, 2021 /PRNewswire/ -- Graystone Company, Inc. (OTC: GYST) announced today that the company has officially become a Business Partner with the National Forest Foundation planting trees in the US National Forests.  The National Forest Foundation, a congressionally chartered organization, works with the USDA Forest Service to select planting sites in the 193-million-acre National Forest System where the ecological need is greatest.  

The company is excited about the future of Bitcoin and our Bitcoin Mining operation, but we feel it is necessary to be responsible and mindful of its environmental impact.  The simple act of planting trees will sequester carbon to help mitigate climate change, storing millions of metric tons of carbon each year.  One hundred trees can remove 430 pounds of air pollutants annually. With that in mind, the company has partnered with the National Forest Foundation and has started with a donation to plant 1,000 trees, thereby removing over two tons of carbon per year.  Our goal is to eventually plant at least one million trees per year as part of an overall plan to reduce the carbon footprint of the Company's Bitcoin Mining operation.  We will also work with mining vendors and partners to encourage them to join us on this effort in addition to pursuing alternative renewable energy sources. 

For more information about renewable energy and Bitcoin Mining can watch Cathie Woods' interview with Bloomberg at: https://www.bloomberg.com/news/videos/2021-05-19/ark-s-cathie-wood-says-bitcoin-will-still-rise-to-500-000-video 

Anyone interested in donating directly to the Forest Foundation can by following this like:  https://support.nationalforests.org/give/306988/#!/donation/checkout?c_src=WEB&c_src2=TRP0000WEBOrangeSupport

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
Twitter (Corporate): https://twitter.com/TheGraystoneco  
Twitter (Mining): https://twitter.com/Graystonemining
YouTube: https://www.youtube.com/channel/UCx1DkmPk_g0OImUmsXxVnvw
Bitcoin Wallet Address: https://www.blockchain.com/btc/address/32nWKSce24EPUGXnkfqVdvUyWbrVUmwpAr

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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SOURCE Graystone (GYST)

FAQ

What is the partnership announcement by Graystone Company (GYST)?

Graystone Company announced a partnership with the National Forest Foundation to plant trees in U.S. National Forests, starting with a donation for 1,000 trees.

How many trees does Graystone Company (GYST) plan to plant annually?

Graystone Company aims to plant at least one million trees annually as part of its environmental sustainability initiatives.

What is the environmental impact of Graystone Company’s (GYST) initiatives?

The initiative is expected to sequester carbon and remove air pollutants, helping to mitigate climate change related to Bitcoin mining.

When was Graystone Company's (GYST) partnership with the National Forest Foundation announced?

The partnership was announced on May 25, 2021.