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Graystone Company (OTC: GYST) announced the expansion of its bitcoin mining operations with the purchase of 16 additional S19j Pro units, totaling 41 units procured since September 2021. The new machines are set for February shipment, with installation expected by April 2022. The hosting cost is projected at $185 per unit monthly. The company aims for steady growth, planning to acquire 10-20 machines monthly for the next six months, reaching 300 machines by year-end. Graystone also intends to sublease some equipment to third parties, creating additional revenue opportunities.
Graystone Company (OTC: GYST) reported a significant increase in preliminary unaudited revenues for November 2021, reaching approximately $105,000, a 181% rise from October. The gross operating profit is estimated at $24,000, excluding non-cash transactions. This growth stems from deploying efficient mining equipment and launching a new division for mining equipment sales. The company transitioned to Bitcoin mining earlier this year and aims for transparency by providing real-time data on its Bitcoin wallet activities.
Graystone Company, Inc. (OTC: GYST) announced a significant expansion of its bitcoin mining operations, increasing its purchase of S19j Pro machines from 10 to 25 units. These machines are set for December delivery, with installation planned for January 2022. The company expects to generate yearly revenue of $487,756 and operational profit of $405,220. Graystone is also exploring subleasing opportunities for additional revenue and emphasizes its commitment to environmental sustainability through clean energy sourced from a nuclear power plant.
Graystone Company (OTC: GYST) reported preliminary total revenues of approximately $58,000 for October 2021, marking a remarkable 1,568% increase. The company attributes this growth to its mining division, launched on May 20, 2021. Graystone aims for a revenue boost of 70% in November, projecting total revenues of around $98,000, bolstered by a strengthening bitcoin market. The firm plans to utilize increased revenue for purchasing new mining equipment, further enhancing operational capacity.
Graystone Company reported preliminary unaudited financial results for October 2021, revealing total revenues of approximately $58,000, a staggering increase of 1,568% from September 2021. Key drivers include a 343% rise in bitcoin mining revenue and a 188% increase in the value of their bitcoin holdings. The company anticipates a gross operating profit of about $13,000, excluding non-cash transactions. These gains are attributed to the deployment of new mining equipment and the launch of a division focused on selling and hosting mining equipment.
Graystone Company (OTC: GYST) announced a purchase order for 10 S19j Pro bitcoin mining machines on October 28, 2021. The order was fully paid and the equipment is expected to be delivered in December 2021, with installation planned for January 2022. The company will also buy additional units within the next month. A new hosting facility has been secured at a cost of $185 per unit monthly, and Graystone plans to sublease some of the capacity to generate supplemental revenue, enhancing its mining operation.
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.
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.
Graystone Company (OTC: GYST) announced that its Bitcoin mining operations, launched on May 20, 2021, are now generating revenue. The company has secured 2,130 TH/s, projected to yield $313,833 annually. Initial operations will commence by September 15, 2021, with full operations expected by October 2021. Graystone aims for 50,000 TH/s, forecasted to generate $7,132,590 in gross revenue. The company promises transparency with a Bitcoin wallet accessible to shareholders.
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