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Bullboard - Stock Discussion Forum 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... see more

TSXV:CSTR - Post Discussion

CryptoStar Corp > There’s still hope
View:
Post by TheLove4Money on Jan 02, 2022 1:22am

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.... 
Comment by gossamer4 on Jan 03, 2022 1:32am
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