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CryptoStar Corp. Executes Equipment Hosting Agreement in Utah, USA and Signs Non-Binding Letter of Intent for Hosting Services in Alberta, Canada
CryptoStar Corp. Executes Equipment Hosting Agreement in Utah, USA and Signs Non-Binding ...
About this update from Cryptostar Corp.
[{"type":"text","content":"\n \n \n \n CryptoStar Corp. Executes Equipment Hosting Agreement in Utah, USA and Signs Non-Binding Letter of Intent for Hosting Services in Alberta, Canada\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.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n TSXV: CSTR\n \n \n \n TORONTO\n \n ,\n \n Aug. 12, 2021\n \n /CNW/ - CryptoStar Corp. (TSXV: CSTR) (\"\n \n CryptoStar\n \n \" or the \"\n \n Company\n \n \"), a cryptocurrency mining and data centre operator, is pleased to announce that the Company and a U.S. based company (the \"\n \n Utah Customer\n \n \") have executed an equipment hosting agreement (the \"\n \n Hosting Agreement\n \n \") effective\n \n August 11, 2021\n \n for 4 MW of mining capacity at its award-winning data centre facility in\n \n Utah, USA\n \n . The Company is also pleased to announce that the Company and a U.S. based company (the \"\n \n Alberta Customer\n \n \") have signed a non-binding letter of intent (the \"\n \n LOI\n \n \") effective\n \n August 12, 2021\n \n for 10 MW of mining capacity to be deployed in\n \n Alberta, Canada\n \n .\n \n \n \n Equipment Hosting Agreement –\n \n Utah, USA\n \n \n \n \n Under the terms of the Hosting Agreement, the Company will provide hosting services to the Utah Customer for 4 MW of mining capacity at its award-winning data centre in\n \n Utah, USA\n \n .\n \n \n Highlights of the Hosting Agreement:\n \n \n \n Annual hosting revenues for the Company of\n \n USD$720,000\n \n .\n \n \n \n \n Initial term of 12 months, renewing month-to-month thereafter.\n \n \n \n \n David Jellins\n \n , President and Chief Executive Officer of CryptoStar stated, \"We are delighted that the Utah Customer has selected CryptoStar, and our award-winning data centre in\n \n Utah, USA\n \n . We are looking forward to providing hosting services to the Utah Customer and we anticipate that this will be the beginning of a long term and mutually beneficial relationship.\"\n \n \n \n LOI for Hosting Services –\n \n Alberta, Canada\n \n \n \n \n The LOI sets out the basic terms and conditions un...