Business
CryptoStar Corp. Increases Self-Mining Hashrate and Expands Operations in Quebec, Canada
CryptoStar Corp. Increases Self-Mining Hashrate and Expands Operations in Quebec, Canada ...
About this update from Cryptostar Corp.
[{"type":"text","content":"\n \n \n \n CryptoStar Corp. Increases Self-Mining Hashrate and Expands Operations in Quebec, 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 \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n TORONTO\n \n \n ,\n \n \n April 5, 2022\n \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 the expansion of its self-mining Hashrate and operations in\n \n Quebec, Canada\n \n . The Company also provides an update on operations.\n \n \n \n Redeployment of Hashrate and Expansion in\n \n Quebec\n \n \n \n \n In\n \n March 2022\n \n , the Company secured an aggregate mining capacity of 1.5 megawatts (MW) of green, hydro-based power in\n \n Quebec, Canada\n \n , effective\n \n April 1, 2022\n \n . As at\n \n April 1, 2022\n \n , the Company had successfully redeployed 88% of its ASIC self-mining Hashrate equating to 44.35 PH/s and 52% of its GPU self-mining Hashrate equating to 39.16 MH/s from ASIC and GPU miners that were relocated from\n \n Alberta, Canada\n \n in its data centres in\n \n Quebec, Canada\n \n .\n \n \n In addition, through a subsidiary, the Company continues to make progress on its expansion of operations in\n \n Quebec, Canada\n \n , and on its application with Hydro Quebec to secure an additional 5 MW of power at its data centre.\n \n \n \n Self-Mining Operations\n \n \n \n \n As at\n \n April 5, 2022\n \n , the Company had received and deployed at its award-winning data centre facilities in\n \n Utah, USA\n \n , 300 of the 600 high performance ASIC miners previously announced on\n \n September 24, 2021\n \n , representing an additional self-mining Hashrate of 26.48 PH/s.\n \n \n As at\n \n April 5, 2022\n \n , the Company has an aggregate self-mining Hashrate of 78.8 PH/s from ASIC miners and 121,944 MH/s from GPU miners running at its data centres.\n \n \n The 78.8 PH/s and 121,944 MH/s of existing self-mining Hashrate currently contributes\n \n USD$674,342.98\n \n per month in self-mining revenue for CryptoStar. (Sour...