Due to the continued rise in the price of Bitcoin and other cryptocurrencies in recent times, there has been considerable interest in crypto mining companies.
CryptoStar Corp (CSTR.V) is one such company and is involved in the crypto mining and data center space. Yesterday, the CryptoStar stock emerged as one of the biggest gainers on the back of gains made by Bitcoin, the world’s biggest cryptocurrency by market cap.
As Bitcoin went past 63000 per token on Tuesday, the CryptoStar stock soared as well and clocked gains of 52%. Last month the company had announced that it signed a definitive equipment purchase agreement with a company in Hong Kong. By way of this agreement, CryptoStar is going to get both GPU and ASIC miners from the vendor. In exchange for this, the Hong Kong-based vendor is going to 5927151 units of CryptoStar shares. The shares had a deemed value of C$1,422,516.24 at the time.
Biotech, Tech, and Crypto reporter
Anthony Gonzales brings 3 years of experience in helping grassroots, mid-sized organizations and large institutions strengthen their management and resource generating capacities and effectively plan for the future. He is also a mentor and professional advisor to artists working in all disciplines. He is the gold medalist from St. Marco University of Science and Technology in the Bachelors of Financial Management as well.