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CryptoStar Corp V.CSTR

Alternate Symbol(s):  CSTXF

CryptoStar Corp. is a Canada-based self-mining cryptocurrency producer. The Company and its subsidiaries operate in the distributed ledger technology space, utilizing specialized equipment (miners) to perform computationally intensive cryptographic operations to validate transactions on the Blockchain (mining), receiving digital currencies (primarily Bitcoin). The Company operates through three segments: self-mining, hosting and miner sales. The Company is the supplier of graphics processing unit (GPU) and Australian securities and investments commission (ASIC) miners & hosting solutions worldwide. The Company also provides equipment hosting services to customers worldwide, for which services the Company receives hosting fees, as well as sells miners to customers. The Company operates data centers in the United States and Canada. Its wholly owned subsidiaries include CryptoStar Holdings Inc., CryptoStar USA, Inc., and Neuro Digital Inc.


TSXV:CSTR - Post by User

Comment by KILOFINALon Apr 19, 2021 5:50pm
221 Views
Post# 33026286

RE:Riot, Bitfarms and Cryptostar all in the same article !!!

RE:Riot, Bitfarms and Cryptostar all in the same article !!! thanks for posting the link Gigi06. 


CryptoStar, a cryptocurrency miner with data centers in the U.S. and Canada which hopes to become one of the lowest cost hosting and cryptocurrency producers in North America, reached a low-priced electric power supply agreement in mid-2020 with an Alberta, Canada-based private energy company. Under the accord, CryptoStar will purchase power, in increments of 10 megawatts (Mw), produced by on-site gas turbines that the private energy company will build in Alberta at among the lowest electricity rates in North America (likely below US$0.03 per Kwh). The company initially plans to purchase 30 Mw, and over the next 12 months this amount could reach 120 Mw.
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