Business
CryptoStar Corp. Provides Update on Operations and Announces Stock Option Grants
CryptoStar Corp. Provides Update on Operations and Announces Stock Option Grants ...
About this update from Cryptostar Corp.
[{"type":"text","content":"\n \n \n \n CryptoStar Corp. Provides Update on Operations and Announces Stock Option Grants\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 June 20, 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 provide an update on operations and announces stock option grants.\n \n \n \n Self-Mining Operations\n \n \n \n \n As at\n \n June 20, 2022\n \n , the Company has an aggregate self-mining Hashrate of 93.0 PH/s from ASIC miners and 136,850 MH/s from GPU miners running at its data centres.\n \n \n \n \n The 93.0 PH/s and 136,850 MH/s of existing self-mining Hashrate currently contributes\n \n USD$312,902\n \n per month in self-mining revenue for CryptoStar. (Source:\n \n https://whattomine.com/\n \n Mining metrics are calculated based on a BTC - USD exchange rate of 1 BTC =\n \n $20,874.86\n \n and ETH - USD exchange rate of 1 ETH =\n \n $1,139.14\n \n updated at 2022-06-20\n \n 14:54:49 UTC\n \n ).\n \n \n \n \n 100 high performance ASIC miners of the previously announced purchase of 600 high performance ASIC miners remain to be deployed and a further 100 high performance ASIC miners are scheduled to be delivered in\n \n June 2022\n \n . This will increase the Company's self-mining Hashrate from ASIC miners by a further 17.6 PH/s.\n \n \n \n \n Expansion in\n \n Quebec\n \n \n \n \n \n The Company secured an additional 0.5 megawatts (MW) of green, hydro-based power in\n \n Quebec, Canada\n \n effective\n \n May 10, 2022\n \n . This is in addition to the 1.5 MW of green, hydro-based power secured by the Company in\n \n Quebec, Canada\n \n , previously announced on\n \n April 5, 2022\n \n .\n \n \n \n \n The Company, through a subsidiary, 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 \n Hosting Operations\n \n \n \n \n...