Graystone Company, Inc. (OTC: GYST) announced today an objective of 1,000,000 Terahash (TH/s) in Bitcoin Mining capacity by 2024. The company has already acquired 1,000 TH/s and has updated its year over year goals to 50,000 TH/s in 2021 and 150,000 TH/s in 2022.
The Company’s direct operational expense of its Bitcoin Mining operation is $1.70 – $1.80 per Terahash per month (or $0.057 – $0.06 per day). This equates to a Bitcoin price of $9,000 to $10,000 as the operating breakeven point for the Bitcoin mining operation. This is based on the current daily reward of 0.00630762 Bitcoin (or $ 255.30 per day) per 1,000 TH/s.* For 50,000 TH/s, this would equate to 0.31538119 Bitcoin (or $12,765.05**) per day with a daily expected cost of $2,850 -$3,000.
The Bitcoin Mining Operation launched in May 2021with the bulk of the initial mining equipment expected to arrive in September 2021.
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: GYST) is headquartered in Fort Lauderdale, Florida.
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Source: Graystone Company, Inc.