CryptoStar Corp. (V:CSTR)
Business Focus: Cryptocurrency Hardware
| Sector: Technology | Industry: Blockchain & Cryptocurrency |
| Company Contact | |
| Address: | 181 Bay Street, Suite 4400 TORONTO ON M5J 2T3 |
| Tel: | N/A |
| Website: | https://cryptostar.com |
| IR: | See website |
| Key People | ||
| David Jellins President, Chief Executive Officer, Director | Sean Harris Chief Financial Officer | |
| Business Overview |
| CryptoStar Corp. is a Canada-based self-mining cryptocurrency producer. The Company and its subsidiaries operate in the distributed ledger technology space, utilizing specialized equipment (miners) to perform computationally intensive cryptographic operations to validate transactions on the Blockchain (mining), receiving digital currencies (primarily Bitcoin and Ethereum). The Company also provides equipment hosting services to customers worldwide, for which services the Company receives hosting fees, as well as sells miners to customers. The Company operates data centers in the United States and Canada. Its wholly owned subsidiaries include CryptoStar Holdings Inc. (CHI), CryptoStar USA, Inc. (CryptoStar USA) and Neuro Digital Inc. (Neuro Digital). The Company operates through three segments: self-mining, hosting and miner sales. |
| Financial Overview |
| For the nine months ended 30 September 2023, CryptoStar Corp revenues decreased 39% to $2.7M. Net loss decreased 39% to $4.5M. Revenues reflect Canada segment decrease of 57% to $784K. Lower net loss reflects Realized (loss) gain on digital currenci decrease from $2.2M (expense) to $14K (income), Revaluation (loss) gain on digital curre increase from $1.6M (expense) to $7K (income). |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $16.26M as of Sep 30, 2023 |
| Annual revenue (TTM): | $5.11M as of Sep 30, 2023 |
| EBITDA (TTM): | -$0.46M as of Sep 30, 2023 |
| Net annual income (TTM): | -$18.86M as of Sep 30, 2023 |
| Free cash flow (TTM): | $2.01M as of Sep 30, 2023 |
| Net Debt Last Fiscal Year: | $1.79M as of Sep 30, 2023 |
| Shares outstanding: | 443,909,869 as of Apr 15, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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