TSXV: CSTR
TORONTO, July 28, 2021 /CNW/ - CryptoStar Corp.
(TSXV: CSTR) ("CryptoStar" or the "Company"), a
cryptocurrency mining and data centre operator, is pleased to
announce that it has joined the Crypto Climate Accord as a
Signatory and Supporter.
The Crypto Climate Accord (CCA) is a private sector-led
initiative for the entire crypto and blockchain community focused
on decarbonizing the cryptocurrency industry. The CCA provides a
platform for any organization that wants to inform, develop, test,
and implement new solutions that accelerate crypto's transition to
renewable energy.
By becoming a Signatory and Supporter of the CCA, CryptoStar is
making a public commitment to achieve net-zero emissions from
electricity consumption associated with all of its crypto-related
operations by 2030 and to report progress toward this net-zero
emissions target using best industry practices.
David Jellins, President and
Chief Executive Officer of CryptoStar stated, "We recognize the
need for cryptocurrency mining and hosting organizations to
accelerate the adoption of renewable power solutions to lower
emissions and progress toward the net-zero emissions from
electricity consumption. We are excited to be involved in this
initiative."
About CryptoStar Corp.:
CryptoStar has cryptocurrency mining operations with data
centres located in the U.S.A. and
Canada. CryptoStar is currently
dedicated to becoming one of the lowest cost cryptocurrency
producers in North America and a
major supplier of GPU and ASIC miners worldwide.
Neither the TSXV nor its Regulation Services Provider (as that
term is defined in the policies of the TSXV) accepts responsibility
for the adequacy or accuracy of this press release.
Forward-Looking Statements
This news release contains forward-looking statements.
Forward-looking statements can be identified by the use of words
such as, "expects", "is expected", "anticipates", "intends",
"believes", or variations of such words and phrases or state that
certain actions, events or results "may" or "will" be taken, occur
or be achieved. Forward-looking statements include those relating
to CryptoStar's commitment and ability to achieve net-zero
emissions from electricity consumption associated with all of its
crypto-related operations by 2030 and to report progress toward
this net-zero emissions target using best industry practices.
Forward-looking statements are not a guarantee of future
performance and are based upon a number of estimates and
assumptions of management in light of management's experience and
perception of trends, current conditions and expected developments,
as well as other factors that management believes to be relevant
and reasonable in the circumstances. Actual results, performance or
achievement could differ materially from that expressed in, or
implied by, any forward-looking statements in this press release,
and, accordingly, you should not place undue reliance on any such
forward-looking statements and they are not guarantees of future
results. Forward-looking statements involve significant risks,
assumptions, uncertainties and other factors that may cause actual
future results or anticipated events to differ materially from
those expressed or implied in any forward-looking statements.
Except as required by law, CryptoStar undertakes no obligation to
publicly update any forward-looking statements, whether as a result
of new information, future events or otherwise.
SOURCE CryptoStar Corp.
