Graystone Company, Inc. (OTC: GYST), is pleased to provide preliminary unaudited results for its mining operations through December 31, 2021. The Company began mining September 15, 2021. Between September 15, 2021 and December 31, 2021, the Company generated $187,085.17 in revenue with a cost of goods sold of $124,423.64 for a profit of $62,661.53.
We began with average of 1,100 terrahash (Th/s) for the months of September and October. Then we added 1,000 TH/s on November 1, 2021 for a total of 2,100 TH/s. Subsequently, 4,100 TH/s were added by acquiring 41 S19j Pro (100TH) machines, their installation at the hosting facility is expected to begin the end of January 2022. Since our launch on September 15, 2021, we have generated 0.88595251 Bitcoin with revenue of $48,285.17, which is broken out per month below. Our costs related to the mining operation during this time frame was $9,973.64 for a profit of $38,311.53. Additionally, in October 2021, we began reselling mining equipment. Since then, we have sold 9 of the S19j Pros and generated revenue of $138,800 at a cost of $114,450 for a profit of $24,350.
Bitcoin Mining Monthly Breakdown
| Month | Terrahash | Bitcoin Mined | Revenue | Mining Expenses |
| September 2021 | 1,100 | 0.09937408 | $ 3,698.41 | $ 929.50 |
| October 2021 | 1,100 | 0.19254803 | $12,366.06 | $1,915.33 |
| November 2021 | 2,100 | 0.30103452 | $18,166.39 | $3,545.00 |
| December 2021 | 2,100 | 0.29299558 | $14,054.31 | $3,545.00 |
We have accomplished a lot since September 15, 2021, and are excited about the continued growth planned for 2022 and beyond.
The Company’s Bitcoin wallet address can be found on our website at https://www.thegraystonecompany.com/blockchain. We endeavor to provide as much transparency as possible to our shareholders by providing our wallet address that shows the real time data that directly relates to our Bitcoin Mining activity, transactions and our BTC balance.
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