CryptoStar Corp. Market Research Report

1. Company Overview

1.1 Basic Information

• Name: CryptoStar Corp.

• Mission: CryptoStar is dedicated to becoming one of the lowest-cost self-mining cryptocurrency producers in North America and a major supplier of GPU and ASIC miners & hosting solutions worldwide.

1.2 Founding Information

• Founded: No information available.

• Founders: David Jellins and Amelia Jones.

1.3 Key People

• CEO: David Jellins

• Background: Co-founder and history of successful ventures such as Adrenaline.com.au, STREAMX, and FASTmail Internet Services.

• Education: Bachelor of Engineering in Computer Systems Engineering from the University of Technology Sydney, Australia.

• CFO: Jing Peng

• Background: Chartered Professional Accountant with experience as a senior financial analyst at Marrelli Support Services Inc.

• Education: Master of Management and Professional Accounting degree from the University of Toronto.

• Financial Controller: Lawrence Liu

• Background: Former financial controller for Adrenaline Pty Ltd in Australia and Adrenaline, Inc. in the USA.

• Education: Bachelor of Computer Engineering, Bachelor of Commerce, Master of Professional Accounting, and Master of Finance degrees from the University of Sydney, Australia.

1.4 Headquarters

• Location: 181 Bay Street Suite 4400, Toronto, Ontario, Canada M5J 2T3.

1.5 Employees

• Number of Employees: No information available.

1.6 Revenue

• Revenue: No information available.

1.7 Recognition

• Awards: CryptoStar has received two awards for its innovative data center designs in Utah, USA.

• Known for: Being a major supplier of GPU and ASIC miners and hosting solutions worldwide.

2. Products

2.1 Product Offerings

• GPU and ASIC Miners

• Description: High-performance mining equipment for cryptocurrency production.

• Key Features:

• High hash rate performance

• Energy efficiency

• Reliable and durable hardware

• Hosting Solutions

• Description: Hosting services for cryptocurrency mining equipment in data centers.

• Key Features:

• Competitive power rates

• Reliable infrastructure

• Scalable solutions for large-scale mining operations

3. Recent Developments

3.1 New Appointments

• Chief Financial Officer Appointment: Jing Peng was appointed as CFO on February 28, 2023.

• Board Appointments: Aurelio Useche and Christopher Malone were appointed to the Board of Directors on February 21, 2023.

3.2 Private Placements

• Non-Brokered Private Placement Pursuant to Listed Issuer Financing Exemption:

• Announced: January 17, 2024

• Details: Offering of up to 40,000,000 units at a price of $0.05 per unit, generating up to $2,000,000.

• Use of Proceeds: Purchase crypto mining equipment and for general working capital purposes.

• Structure: One common share and one purchase warrant per unit. Warrants entitle holders to buy shares at $0.07 over 36 months from the closing date.

• First Tranche Closing Expected: By January 31, 2024.

3.3 Awards and Recognitions

• Innovative Data Center Designs: CryptoStar has garnered awards for innovative data center designs located in Utah, USA.

3.4 Partnerships

• No new partnerships reported.

3.5 New Features and Expansions

• Operation Expansion: Continued expansion of data center operations across North America, including locations in the USA and Canada.

• Mining Equipment: Increased self-mining hashrate and expansion in Quebec and Alberta, Canada.

4. Contact Information

• Email for Investors: [david.jellins@cryptostar.com](mailto:david.jellins@cryptostar.com)

• Email for Sales Inquiries: [sales@cryptostar.com](mailto:sales@cryptostar.com)

• Website: [www.cryptostar.com](http://www.cryptostar.com)

Note: The details provided are based on the available data. Further research is recommended for the most current and comprehensive insights.