TORONTO, ON — February 14, 2026 — Leads & Copy — CryptoStar Corp. (TSXV: CSTR) has announced the closing of its non-brokered private placement, issuing 42,300,000 common shares at $0.015 per share for gross proceeds of $634,500.
The company intends to use the net proceeds for business operations, digital infrastructure expansion, and general working capital, including evaluating opportunities in the high-performance computing (HPC) and artificial intelligence (AI) data center sectors.
A.C.N. 117 402 838 PTY LTD, a proprietary company under the Corporations Act 2001 (Cth) (Australia), in which David Jellins (President and Chief Executive Officer and a director of the Company) and Amelia Jones (Chief Commercial Officer and a director of the Company) each hold a 50% interest, subscribed for up to 42,300,000 Shares under the Offering. As such, the Offering constitutes a “related party transaction” as defined under Multilateral Instrument 61-101 Protection of Minority Securityholders (“MI 61-101”).
The company continues to explore strategic initiatives aligned with the convergence of blockchain technology, HPC, and AI-driven compute infrastructure, with the goal of sustainable growth and innovation. CryptoStar believes the strengthened balance sheet will provide flexibility to enhance its management and operational capabilities as it pursues future growth opportunities.
Immediately prior to the Offering, A.C.N. had ownership of, or exercised control or direction over, 60,324,235 Common Shares (representing 9.08% of the issued and outstanding Common Shares on a non-diluted basis). Immediately after the Offering, A.C.N. has ownership of, or exercises control or direction over, 102,624,235 Common Shares (representing 22.03% of the issued and outstanding Common Shares on a non-diluted basis).
A.C.N. acquired the Shares in connection with A.C.N.’s previously announced intention to sell up to 102,624,235 Common Shares in the Company and to use the net proceeds of the sales to subscribe for up to 102,624,235 Common Shares under the Offering.
The early warning report will be filed by A.C.N. in accordance with applicable securities laws.
The securities issued in connection with the Offering are subject to a four-month hold period, in accordance with applicable securities laws and TSXV policies.
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.
Source: CryptoStar Corp.
