Graystone Company, Inc. (OTCMKTS: GYST) Hashrate To Increase Six-Fold

The Graystone Company, Inc. (OTCMKTS: GYST) is a bitcoin mining company that has increased its computing power dramatically in a few short months making it a stock crypto investors are watching closely as the sector rallies.

Bitcoin is in the spotlight after its recent price drop, but if new investors in this post meme stock world learned anything it’s “buy the dip”.   The old buy low, sell high mantra certainly applies to GYST, who experienced a price drop in January like every other crypto play.

Prior to last week, the stock was on as steady an uptrend as you will find in a company with GYST’s market cap.  After hitting a low of $0.015 on Monday, the stock has rallied and sits just above 2 cents.  

If the rally in bitcoin continues, GYST may follow in tandem and march back toward its 7 cent high. 


GYST has proven success in its short time as a miner, since entering the market last Spring as an equipment seller and initiating its own mining operations this past September; the company has dramatically increased its revenue and looks poised to continue its growth trajectory in 2022.

GYST announced sales in the final three months of 2021 of $176,926. The company’s assets grew to $412,445. A massive improvement over the goose egg the company reported in its previous quarter and helped shareholder equity rise to $365,954 from ($1,140). 

This revenue growth will continue if the company continues to boost its bitcoin production capacity.   


From this past September to November the company’s terrahash rate doubled from 1,100 terrahash per second (TH/s) to 2,100 TH/s.  After a recent acquisition, this capacity is set to increase again to 6,200 TH/s.

For the uninitiated, Bitcoin mining company value is based on hashrate which is essentially the computing power that company possesses.  The company’s goal is to reach 1 million TH/s or, as it’s marked in the crypto community, 1,000 PH/s by 2024.  For perspective, companies like Bit Digital, Inc. (Nasdaq: BTBT), CleanSpark Inc. (Nasdaq: CLSK), BIT Mining, LTD (NYSE: BTCM) and Greenidge (Nasdaq: GREE) currently have hashrates at or near GYST’s goal.

At GYST’s current hashrate growth curve, the company will hit its goal well before 2024.

If the stock can reach prices similar to BTBT, CLSK, BTCM and GREE by then, early GYST investors would feel like early bitcoin investors did near the end of 2021.


Bitcoin is of course volatile, but JP Morgan analysts projected last October that Bitcoin could eventually reach a valuation of $146,000, according to The Wall Street Journal.  

Despite its recent dip, we have been here before with bitcoin, as its price recovers analyst predictions may yet prevail like Ark Invest’s Cathie Wood, for example, who believes the price could rise by another $500,000 as institutions increase their allocations to the digital currency to 5% of their portfolio’s value.

Remember, there are a few underlying facts that differentiate bitcoin other than its first-mover adoption rate:

–Only 21 million bitcoins will ever be produced.

–Over 90% have been mined already (18.9 million).

–Bitcoin mining supply is estimated to be exhausted by 2040. 

The scarcity alone combined with institutional adoption should support value in the cryptocurrency.


GYST is building infrastructure, Bitcoin mining power potential and expanding hosting equipment.   

–The Company has added 4,100 TH/s by acquiring 41 S19j Pro machines. Installation is expected to begin the end of this month. They are expected to be initially placed at third-party data-centers or farms. GYST will host, provide power and maintain the equipment.

–GYST plans to mine only Bitcoin and all of its mining operations will be conducted through wholly owned subsidiary, Graystone Mining.

–GYST’s current operations consist of 2,100 TH/s leased from Supply Bit, LLC. They are on a three-year lease, equal to the useful life of the equipment. The costs are approximately $3,600 per month plus a 15% management fee, the Company says.


GYST has started its bitcoin mining operations with a bang.  Already set to increase its computing power 6 fold from its September start; the company is on pace to reach its 1,000,000 TH/s goal well before the stated deadline of 2024. 

With Bitcoin and thereby public companies in the bitcoin business rebounding, now is an opportune time to put GYST on your Watch List.