/CNW/ - CryptoStar Corp. (TSXV: CSTR) (OTCQB: CSTXF) ("CryptoStar" or the "Company"), a cryptocurrency mining and data centre operator, provides an update on.
CryptoStar or the
Company ), a cryptocurrency mining and data centre operator, is pleased to announce that operations have commenced in Alberta, Canada and the first containers housing GPU and ASIC miners have been gradually deployed over the past several weeks.
Operations:
CryptoStar currently has an aggregate Hashrate of 58,230 MH/s from GPU miners and 13,890 TH/s from ASIC miners running at its data centres.
The deployment of 58,230 MH/s and 13,890 TH/s of Hashrate using the latest generation GPU and ASIC miners currently contributes USD$313,410.95 per month in self-mining revenue for CryptoStar.
(Source: https://whattomine.com/ Mining metrics are calculated based on and ETH - USD exchange rate of 1 ETH = $3,489.44 and a BTC - USD exchange rate of 1 BTC = $45,015.10 updated at 2021-05-18 08:43:40 UTC).
CryptoStar or the
Company ), a cryptocurrency mining and data centre operator, is pleased to announce that, further to the non-binding letter of intent announced on January 13, 2021, the Company and a Hong Kong based company (the
Vendor ) have executed an equipment purchase agreement (the
Definitive Agreement ) effective March 7, 2021 to acquire a combination of GPU and ASIC miners in exchange for 7,956,198 units (
Units ) of the Company at a deemed value of CAD$1,909,487.52 (the
Transaction ). The Company will issue an additional 477,372 Units (the
Finder s Fee ) to Chen Peifeng in connection with Transaction.
Each Unit consists of one common share of CryptoStar (a
Common Share ) and one common share purchase warrant of CryptoStar (a