UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
___________________________
FORM 1-U
CURRENT REPORT
Pursuant Regulation A of the Securities Act of 1933
August 5, 2021
(Date of Report (Date of earliest event reported))
| THE GRAYSTONE COMPANY, INC. |
| (Exact name of registrant as specified in its charter) |
| COLORADO |
| 86-2416093 |
| (State or other jurisdiction of incorporation) |
| (IRS Employer Identification No.) |
| 401 E. Las Olas Blvd #130-321 Fort Lauderdale, FL |
| 33301 |
| (Address of principal executive offices) |
| (ZIP Code) |
(954) 271-2704
(Registrant’s telephone number, including area code)
Common Shares
(Title of each class of securities issued pursuant to Regulation A)
Item 9. Other Events
On August 4, 2021, the Company issued a press release. A copy of the press release is attached hereto and incorporated herein by reference in its entirety as Exhibit 15.1.
Exhibits
Safe Harbor Statement
The information furnished in Form 1-U is not deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, is not subject to the liabilities of that section, and is not deemed incorporated by reference in any filing under the Securities Act of 1933, as amended.
This Current Report on Form 1-U contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”) and Section 21E of the Securities Exchange Act of 1934. You can identify these forward-looking statements by the use of words such as “outlook,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “should,” “could,” “seeks,” “projects,” “predicts,” “intends,” “plans,” “estimates,” “anticipates” or the negative version of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties, including those described under the section entitled “Risk Factors” in our Offering Statement on Form 1-A dated July 23, 2018, filed with the Securities and Exchange Commission (“SEC”), as such factors may be updated from time to time in our periodic filings and prospectus supplements filed with the SEC, which are accessible on the SEC’s website at www.sec.gov. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in our filings with the SEC. We undertake no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law.
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SIGNATURES
Pursuant to the requirements of Regulation A, the issuer has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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| THE GRAYSTONE COMPANY, INC. | ||
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| Date: August 6, 2021 | By: | /s/ Anastasia Shishova |
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| Name: | Anastasia Shishova |
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| Title: | CEO |
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EXHIBIT 15.1
Graystone Company Announces Acquisition of Additional Bitcoin Mining Equipment Doubling Its Current Mining Capacity
Fort Lauderdale, FL – August 3, 2021 – Graystone Company, Inc. (OTC: GYST) announced today that is has acquired an additional 1,000 Terrahash (TH/s) increasing its current mining capacity to 2,130 TH/s. The Company is working with its suppliers to acquire an additional equipment for October delivery.
The 2,130 TH/s is expected to generate 0.01847362 BTC (or $730.58) per day or $263,009 per year.* The acquisition cost was $49,450. The equipment will be hosted in the United States and is expected to be delivered and fully set-up by October 31, 2021. The cost of maintenance and power for the company’s mining operations is expected to be at a rate of $1.69 per TH/s per month ($1,690 per month for the 1,000 TH/s).
The company has provided a video of a mining dashboard that will be similar to what will be live streamed on our website beginning in September. This video is for demonstration purposes only and can be found on our Twitter page at: https://twitter.com/TheGraystoneco. The video serves as a good example of how mining power fluctuates throughout the day.
In addition to the dashboard, we have previously provided our Bitcoin wallet address, allowing shareholders to see the transactions from the Company’s mining operations and the balance in the wallet. The wallet can be found on our website at https://www.thegraystonecompany.com/blockchain. By providing real time data via the wallet address and live streaming the mining dashboard, the company endeavors to provide as much transparency as possible to its shareholders as it relates to our Bitcoin Mining operations.
Graystone Company launched its Bitcoin Mining divsion on May 20, 2021 and is working towards its goal of acquiring 50,000 TH/s in 2021 and 1,000,000 TH/s by 2024. Further details will be forthcoming.
*Calculated using: https://novablock.com/calculator as of July 29, 2021. These calculations are subject to change based on increases in price for equipment, costs for power, changes in mining difficulty, and/or fluctuation in price per BTC. Assumptions: Mining difficulty: 14496442856349.12 and BTC Price of $39,547.00
About The Graystone Company, Inc.
Graystone Company operates two divisions: A Bitcoin BTC mining operation and a Wellness, Longevity and Anti-Aging product line. The Graystone Company, Inc. (OTC PINK:GYST) is headquartered in Fort Lauderdale, FL., and can be contacted at www.thegraystonecompany.com or by phone @ (954) 271-2704.
Corporate Website: www.thegraystonecompany.com
Corporate Twitter: https://twitter.com/TheGraystoneco
Graystone Mining Twitter: https://twitter.com/Graystonemining
Notice Regarding Forward-Looking Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate.
For more information:
Graystone Company
Email: info@thegraystonecompany.com
Phone: (954) 271-2704