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CryptoStar Corp V.CSTR

Alternate Symbol(s):  CSTXF

Financial Services Cryptocurrency
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

CryptoStar Corp
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Post by KILOFINALon Apr 28, 2021 2:39pm
221 Views
Post# 33084074

I believe the transaction with the HKG company has to close

I believe the transaction with the HKG company has to closeprior to any stream of NR's from CSTR. Just my opinion. 


TORONTO, March 30, 2021 /CNW/ - CryptoStar Corp. (TSXV: CSTR) ("CryptoStar" or the "Company"), a cryptocurrency mining and data centre operator, is pleased to announce that, further to the execution of a definitive agreement announced on March 8, 2021, the Company and a Hong Kong based company (the "Vendor") have renegotiated an equipment purchase agreement (the "Definitive Agreement") effective March 7, 2021 to acquire a combination of GPU and ASIC miners in exchange for 5,927,151 units ("Units") of the Company at a deemed value of CAD$1,422,516.24 (the "Transaction"). The Company will issue an additional 355,629 Units (the "Finder's Fee") to Chen Peifeng in connection with Transaction. As compared to the terms announced on March 8, 2021, the renegotiation represents a 25.5% reduction in the deemed value of the Definitive Agreement and a 25.5% reduction in the number of Units to be exchanged.

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