Graystone purchases 16 additional bitcoin mining machines

Dec. 10, 2021 10:45 AM ETThe Graystone Company, Inc. (GYST)By: Khyathi Dalal, SA News Editor

• In its updates on continued expansion of its bitcoin mining operations, Graystone (OTCPK:GYST -3.0%) secured the purchase of 16 additional machines; scheduled for February shipment and is expected to be installed and operational in April 2022.
• This is post a few weeks when an order of 25 units of S19j Pro was placed, thereby, increasing the number of units purchased to 41.
• The cost to host the units is estimated at $185/unit/month.
• The company is currently planning on acquiring 10-20 machines per month for the next 6 months and then increasing its purchases to 20-30 machines per month.
• By 2022-end, the company will be enabled to mine with up to 300 machines; revenue will begin to increase as mining hash-power increases as the new machines are installed beginning January 2022.

• Now Read: Graystone expands bitcoin mining operations with purchase of additional S19j Pros

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