The Graystone Company is a publicly traded company that trades under the ticker GYST. We have two lines of business: (1) Bitcoin Mining and (2) the sale and hosting of bitcoin mining equipment.
The Company is engaged in “Bitcoin Mining” – i.e. the process by which Bitcoins are created resulting in new blocks being added to the blockchain and new Bitcoins being issued to the miners. Miners engage in a set of prescribed complex mathematical calculations in order to add a block to the blockchain and thereby confirm cryptocurrency transactions included in that block’s data. Miners that are successful in adding a block to the blockchain are automatically awarded a fixed number of Bitcoins for their effort. All of the Company’s Bitcoin Mining activities will be conducted through our wholly-owned subsidiary Graystone Mining. The Company will only mine Bitcoin.
The Company also sells and provides hosting of bitcoin mining equipment to 3rd parties.