Graystone Company Exceeds Expectations For Its Bitcoin Mining Operation in October With An 86% Increase

Rhea-AI Summary

Graystone Company, Inc. (OTC: GYST) reported a significant increase in Bitcoin mining output, generating approximately 0.1486 Bitcoin from October 1 to October 18, exceeding its initial forecast of 0.1341 Bitcoin for the month. This achievement marks a 27% increase in Bitcoin holdings. Furthermore, the value of its Bitcoin assets surged by over 86% within October due to rising Bitcoin prices. The company aims for transparency by providing its Bitcoin wallet address to shareholders.

Positive

• Generated approximately 0.1486 Bitcoin in 18 days, surpassing the forecast of 0.1341 Bitcoin for the entire month.
• Increased Bitcoin holdings by 27% during the reporting period.
• Value of Bitcoin holdings rose by over 86% in October due to market price increases.

Negative

• None.

FORT LAUDERDALE, Fla., Oct. 20, 2021 /PRNewswire/ -- Graystone Company, Inc. (OTC: GYST) announced today that starting October 1 through October 18 our Bitcoin mining operations generated approximately 0.1486 Bitcoin. The Company previously forecasted to generate approximately 0.1341 in Bitcoin for the entire month of October, 2021.  We exceed our expectations in just 18 days and have increased our Bitcoin holdings by 27% so far. Additionally, due to the recent bitcoin price jump the value of our Bitcoin holdings has grown by more than 86% during the month of October alone. We consider it a great success in such short period of time, considering, that we launched our mining division just a few months ago in May, 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-exceeds-expectations-for-its-bitcoin-mining-operation-in-october-with-an-86-increase-301404565.html

SOURCE Graystone Company, Inc.

FAQ

What were Graystone Company's Bitcoin mining outcomes in October 2021?

Graystone Company generated approximately 0.1486 Bitcoin from October 1 to October 18, exceeding its forecast of 0.1341 Bitcoin for the month.

How much did the value of Graystone's Bitcoin holdings increase in October 2021?

The value of Graystone's Bitcoin holdings increased by over 86% during October 2021.

What is the ticker symbol for Graystone Company?

The ticker symbol for Graystone Company is GYST.

When did Graystone Company launch its Bitcoin mining division?

Graystone Company launched its Bitcoin mining division in May 2021.

How does Graystone Company ensure transparency in its Bitcoin mining operations?

Graystone Company provides its Bitcoin wallet address on its website for shareholders to view real-time data related to its Bitcoin mining activities.