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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

Post by TheLove4Moneyon Jan 02, 2022 1:22am
590 Views
Post# 34276882

There’s still hope

There’s still hope

So they acquired Neuro Digital earlier in December.. it's as if they knew the Alberta site was going under.  The new acquisition located in Quebec has a hashrate of 83,162 MH/s GPU vs 53,514 MH/s GPU + about 50 PH/s ASIC in Alberta. 50 PH/s is 5 followed by 16 zeros MH/s, huge difference. No mention of ASIC mining with Neuro Digital. $CSTR says they have plans to "redeploy its reduced self-mining Hashrate as expeditiously as possible in Q1 2022." Whatever that means,  Quebec is the #1 producer of electricity in Canada , not very environmentally friendly but great for the amount of power they can use to potentially incorporate ASIC miners effectively. Lets hope that hydro Quebec gives them what they need to succeed or they'll have to keep on expanding to other areas. Bottom line, they gotta get those mining numbers up to see any daylight in SP going up imo. We'll see what happens by the end of Q1.... 

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