Graystone Company (GYST) Stock Continues to Trade Higher: What To Do?

Investors continue to focus on companies which are involved in Bitcoin mining and one such stock is that of Graystone Company Inc (OTCMKTS:GYST), which has soared by 30% over the course of the past week.

There has been no specific news about the company in recent week but it could be a good move for investors to look into a development from earlier on this month. On June 7 the company announced that it launched an updated website, , which reflects the fact that the company is focussed on Bitcoin mining. In this regard, it should be noted that Graystone Company started its Bitcoin mining business in May this year.

However, at the same time, investors also need to remember that the majority of the Bitcoin mining equipment is not going to arrive until September this year.

The company seems intent on conveying the information that it is now into Bitcoin mining in a big way. Graystone also uploaded a video on the platform YouTube which introduced its Bitcoin mining operation. At this point in time, Graystone boasts of a capacity of 1000 TH/s but it intends to boost it to 50000 TH/s at the end of 2021 and then on to 150000 TH/s the year after.

Madison Hall

After graduating from the University of Buffalo, Madison gained a real interest in the markets. She tends to be a swing trader and enjoys Pilates and yoga in her downtime.