The blockbuster rally in cryptocurrencies over the past months has ignited considerable interest in stocks of companies involved with the industry.
Many crypto mining companies are now in focus among investors and one of the companies that could be tracked is CryptoStar Corp (CSTR.V). The crypto mining company, which has its operations in Canada and the United States, saw its stock soar by as high as 150% over the past three weeks. This past Friday, the CryptoStar stock recorded gains of 24%.
In addition to that, there was another development last week that could have triggered the interest of investors. On March 5, the company announced that it successfully closed the private placement of 20,000,000 units in CryptoStar and managed to raise as much as $2,000,000. The company sold the units in question for $0.10 each. The units were made up of one common share in the company and one common share purchase warrant.