- Graystone believes that this approach can help them differentiate from other bitcoin mining companies as well as become the largest Bitcoin mining company in the US.
- Graystone Company has started working on the process to file a Regulation A+ Offering for the tokenization or security offering in the US.
Graystone Company, which recently began Bitcoin mining operations, is highly bullish on the potential of tokenized investment in Bitcoin mining space. In fact, Graystone Company has started working on the process to file a Regulation A+ Offering – which is an SEC regulation to tokenize or security offering in the US.
The Graystone Company announced today that it was exploring opportunities in the high demand market of “a turn-key Bitcoin mining solution”.
The Company said that it was looking at creating a platform that would allow individuals to acquire terrahash (TH/s) in per unit increments of 0.10 TH/s (a “TH/s Unit”).
“This can be achieved by either tokenizing the terrahash or offering it through a preferred stock that could subsequently be quoted on the OTC Markets, it said.
“This simple turn-key solution would enable individuals to mine Bitcoin through an audited, United States Securities and Exchange Commission qualified offering with independently audited annual financial reports. This concept has not been adapted into the crypto marketplace yet and Graystone is excited to become a pioneer in this emerging industry with such offering,” Graystone Company believes.
According to Graystone, the tokenization approach will help it in expanding its mining operations in a non-dilutive manner to its shareholders while providing a novel approach of investment in Bitcoin mining.
Graystone believes that this approach can help them differentiate from other bitcoin mining companies as well as become the largest Bitcoin mining company in the US.
“This unique approach will help us to differentiate ourselves from other mining companies in the industry, additionally we see it as a necessary milestone that will get us closer to the ultimate goal of becoming one of the largest Bitcoin Mining companies in the United States,” the company said.
“The Company is working to file a Regulation A+ Offering for the tokenization or security offering for TH/s with the United States Securities and Exchange Commission. Each offering unit will be for 0.10 TH/s and will receive monthly dividends from the net proceeds of the acquired TH/s. Each TH/s Unit will receive 50% of the mining proceeds with the Company only subtracting power and maintenance from the payouts,” Graystone said.
Graystone Company began its Bitcoin mining operations on May 20, 2021. Earlier, it has set a goal of 50,000 TH/s in 2021 and 1,000,000 TH/s by 2024.
The demand for new Bitcoin mining has grown significantly due to sudden clamp down by China which accounted for a large share of global bitcoin mining operations. China’s crackdown is likely to boost the Bitcoin mining in the US due to favorable regulation and attractive Bitcoin mining policy in many states.