Graystone Company Announces Record Revenue For January; January Revenue Exceeds Total Revenue For FY 2021

Rhea-AI Summary

Graystone Company (OTC: GYST) reported preliminary unaudited revenues of approximately $185,000 for January 2022, surpassing the total revenue for the entire fiscal year of 2021. This growth stems from its cryptocurrency mining operations, sales of mining equipment, and gains from digital currency sales. CEO Anastasia Shishova highlighted the company's commitment to expanding its bitcoin mining operations and exploring opportunities within Metaverse platforms. The positive momentum positions GYST well for future growth in 2022.

Positive

• January 2022 revenues reached approximately $185,000, exceeding total FY 2021 revenue.
• Revenue growth attributed to successful bitcoin mining, equipment sales, and digital currency gains.
• CEO emphasizes commitment to expanding bitcoin mining operations and exploring Metaverse opportunities.

Negative

• Future revenue projections are uncertain due to potential factors like equipment pricing and bitcoin mining difficulty.

FORT LAUDERDALE, Fla., Feb. 3, 2022 /PRNewswire/ -- Graystone Company, Inc. (OTC: GYST), is pleased to provide its preliminary unaudited financial results for the month ending January 31, 2022.

Preliminary results for our total unaudited revenues have increased to approximately $185,000 for January, consisting of (1) cryptocurrency mining, (2) sales of mining equipment and (3) realized gain on sales of digital currencies. The beginning of 2022 has been very productive for the company and financial results for the first month of the new year have already exceeded our revenues for our entire Fiscal Year of 2021.

"It has been an amazing journey since we launched our bitcoin mining operations in September 2021 and expanded to include equipment sales in October 2021. In terms of revenues, January of 2022 was GYST's best month to date. With the steady growth of our company, we are committed to expand our bitcoin mining operations and are actively exploring opportunities on the Metaverse platforms. We are constantly seeking strategic partners, creative business solutions and additional revenue sources that are complementary to GYST's core business plan. With our on-going strategic initiatives, the Company is very well positioned for the rest of 2022 and beyond," said Anastasia Shishova, CEO of The Graystone Company.

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 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://minerstat.com/coin/BTC.

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

 

 

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SOURCE Graystone Company, Inc.

FAQ

What were Graystone Company's revenues for January 2022?

Graystone Company reported approximately $185,000 in revenues for January 2022.

How do January 2022 revenues compare to Graystone Company's FY 2021?

January 2022 revenues exceeded the total revenues for the entire fiscal year of 2021.

What factors could affect Graystone Company's future revenues?

Future revenues may be impacted by equipment pricing, mining equipment availability, bitcoin market pricing, and mining difficulty.

What business plans does Graystone Company have for 2022?

Graystone Company plans to expand its bitcoin mining operations and explore opportunities in the Metaverse.

What is the stock symbol for Graystone Company?

The stock symbol for Graystone Company is GYST.