$GDET “We are expanding and optimizing productio
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Posted On: 10/29/2019 10:15:47 AM
$GDET “We are expanding and optimizing production from our mining operation at a rapid pace,” commented Anil Idnani, CEO of GDET. “This planned expansion follows a series of steps in Q2 and Q3 to dramatically lower our all-in costs through improved negotiated rates with utility providers and significant firmware upgrades. Any notable increase in the price of Bitcoin following this expansion in production at our mining facility should translate into substantial top and bottom-line growth for our shareholders.”
The Company is currently operating 72 ASIC Bitcoin Miners at its primary New Jersey mining facility, with plans in place to move toward full fleet operation over the near term. In addition, the Company has begun the process of a major planned expansion of this fleet. This Agreement will add 17 state-of-the-art miners to the Company’s fleet, immediately increasing yield by 24%. The move is part of a larger expansion strategy geared toward augmenting shareholder value as the Company prepares for higher cryptocurrency exchange rates and wider mainstream adoption.
https://www.barchart.com/story/stocks/quotes/...ing-assets
The Company is currently operating 72 ASIC Bitcoin Miners at its primary New Jersey mining facility, with plans in place to move toward full fleet operation over the near term. In addition, the Company has begun the process of a major planned expansion of this fleet. This Agreement will add 17 state-of-the-art miners to the Company’s fleet, immediately increasing yield by 24%. The move is part of a larger expansion strategy geared toward augmenting shareholder value as the Company prepares for higher cryptocurrency exchange rates and wider mainstream adoption.
https://www.barchart.com/story/stocks/quotes/...ing-assets
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