Cryptostar Corp, a cryptocurrency mining company and data center operator, is happy to announce that operations have commenced in Alberta, Canada, and the first containers housing GPU and ASIC miners have been gradually deployed over the last several weeks.
The Operations
CryptoStar Corp currently has an aggregate Hashrate of 58,230 MH/s from GPU miners and 13,890 TH/s from ASIC miners running at its data centers. The deployment of 58,230 MH/s and 13,890 TH/s of Hashrate using the latest generation GPU and ASIC miners, currently contributes about $313,410.95 per month in self-mining revenue for Cryptostar.
Future Growth
Cryptostar will continue to further expand its self-mining inventory of mining hardware. Additional miners were ordered in June of 2021, and further orders for mining hardware will be placed using astute capital management strategies, based on prevailing market conditions for delivery in Q3 and Q4 in 2021. Cryptostar is currently considering and performing diligence on many potential transactions and opportunities.
Cryptostar Corp Financial Position
The company is in a strong financial position and is highly capitalized. As of May 18th, 2021, CryptoStar Corp holds 46.6 EH, 15.4 BTC, and USD $18.7 million (CAD $22.5 million) in cash. David Jellins, President and CEO Of Cryptostar stated the following: We are delighted to have relaunched our operations at amongst the lowest power rates available in North America, and we are looking forward to self-mining on a larger scale, taking full advantage of our first power supply agreement in Alberta, providing for up to 30 MW of power.”
If you are interested in learning more about Cryptostar Corp and more specifics on this recent announcement, you can read the full article here for more details. We hope that these advancements continue to benefit the amazing industry that is the cryptocurrency community.
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