GYST - Graystone jumps 10% on announcing revenue generation from Bitcoin Mining Operation

Graystone ([[GYST]] +13.7%) announced that the Co.'s Bitcoin Mining Operations, which began on May 20, 2021 has begun generating revenue for the Co. Additionally, the Co. expects an additional 1K Terrahash (TH/s) to come online in September.The Co. is working with its suppliers and investors to expediate the acquisition of additional mining equipment towards its goal of 50K TH/s in 2021 and 1M TH/s by 2024. Based on current BTC pricing, 1K TH/s is expected to generate ~$107,280/year in revenue for the Co.The Company's goal of 50,000 TH/s is expected to generate $5,377,226 in gross revenue and $4,363,226 in net revenue.

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Graystone jumps 10% on announcing revenue generation from Bitcoin Mining Operation