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CRYPTOSTAR CORP. ANNOUNCES ACQUISITION OF NEURO DIGITAL INC.
CRYPTOSTAR CORP. ANNOUNCES ACQUISITION OF NEURO DIGITAL INC. Canada NewsWire ...
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[{"type":"text","content":"\n \n \n \n CRYPTOSTAR CORP. ANNOUNCES ACQUISITION OF NEURO DIGITAL INC.\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n TSXV: CSTR\n \n OTCQB: CSTXF\n \n \n \n TORONTO\n \n ,\n \n Dec. 15, 2021\n \n /CNW/ - CryptoStar Corp. (TSXV: CSTR) (OTCQB: CSTXF) (\"\n \n CryptoStar\n \n \" or the \"\n \n Company\n \n \"), a cryptocurrency mining and data centre operator, is pleased to announce that it has closed the previously announced acquisition of Neuro Digital Inc. (\"\n \n Neuro Digital\n \n \"), pursuant to a share purchase agreement with the shareholders of Neuro Digital dated\n \n December 15, 2021\n \n , for cash consideration of\n \n CAD$2.4 million\n \n , subject to customary purchase price adjustments (the \"\n \n Transaction\n \n \").\n \n \n Neuro Digital is a data centre operator specializing in GPU mining, Decentralized Finance (DeFi) and AI solutions with an operational data centre located in\n \n Quebec, Canada\n \n . Neuro Digital's current, proof of concept location has a power capacity of 0.5 megawatt with plans for expeditious expansion in various locations that have been identified throughout the province of\n \n Quebec\n \n . Neuro Digital currently has an aggregate self-mining Hashrate of 83,162 MH/s from GPU miners running in\n \n Quebec, Canada\n \n .\n \n \n \n Philippe Bergeron\n \n will remain as Chief Executive Officer of Neuro Digital, and\n \n Frederick Angers\n \n will remain as Chief Technology Officer of Neuro Digital, and will be responsible for the expansion of CryptoStar's operations in\n \n Quebec, Canada\n \n .\n \n \n \n David Jellins\n \n , President and Chief Executive Officer of CryptoStar states, \"We are delighted to welcome Neuro Digital to the CryptoStar family, and more specifically, we are excited to incorporate the extremely talented team at Neuro Digital with a proven expertise in Ethereum (ETH) mining, AI solutions and DeFi. This acquisition ensures our expansion of green operations in\n \n Quebec, Canada\n \n and is another step toward transitioning our operations to renewable so...