$GDET As the price of Bitcoin starts to surge agai
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Posted On: 10/29/2019 3:37:46 PM
$GDET As the price of Bitcoin starts to surge again, traders will be scouring the earth for legitimate equity plays that offer an angle with some afterburners on that action. One such play that promises to participate in that type of pin action is GDET.
GD Entertainment and Technology (OTC:GDET) is a sub-penny stock that has its fingers on buttons in both CBD and blockchain. The CBD element is a wholly-owned subsidiary called “The Greenery” that looks to have great promise in its own right.
But our focus today is on the company’s blockchain segment. This is a diversified blockchain and crypto model, with a crypto ATM business, an elegant card-based cold-storage system for crypto assets, and a major bitcoin mining farm in New Jersey that just announced a move to dramatically expand operations following the signing of a material Asset Purchase Agreement for the acquisition of significant new and used Bitcoin mining assets to be immediately integrated into the Company’s active cryptocurrency mining operations.
“We are expanding and optimizing production from our mining operation at a rapid pace,” commented Anil Adnani, 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.”
As noted in the release, the company is currently operating a number of ASIC Bitcoin Miners at its primary New Jersey mining facility, with plans in place to move toward full fleet operation over the near term.
The new agreement will add 17 new 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.
.
The Angles Point Up
There are two interesting elements to this decision. First, as the company notes in the release, lots of folks got way too excited about crypto mining in late 2017. As result, lots of money and credit was used to buy hardware to set up shop and get a piece of the action. But, lo and behold, it’s not that easy. As we all know, the price of Bitcoin crashed over the next year, and now there’s a lot of that same hardware up for sale on the cheap.
For those smart enough to take advantage, this is a huge cost savings in taking advantage of the next boom in Bitcoin prices, which could already be underway.
We like the argument presented by the company in the release:
Bitcoin pricing in 2020 may be significantly impacted by growing concerns over the sustainability of what is already the longest-lasting global economic expansion cycle in modern history. This growing cyclical vulnerability is further amplified by the fact that major central banks in the developed world have already driven interest rates so low that over $14 trillion in sovereign debt is now trading at negative interest rates, suggesting that traditional monetary policy tools may present a lack of significant potency in a more aggressive contractionary environment, driving substantial new demand for alternative non-fiat stores of value like precious metals and Bitcoin as a hedge against experimental new stimulus strategies such as Modern Monetary Theory.
We also like the fact that this move to expand capacity follows significant optimization steps taken earlier this year, including a sharp reduction in all-in utility costs (annual energy savings of as much as 41%) and an upgrade in unit-level system performance leading to a powerful increase in hashrate-per-unit-power consumption and sharply augmented system-wide security. Efficiency benefits expansion in every case.
“Individuals and firms that made substantial hardware and technology investments in order to mine cryptocurrencies when Bitcoin was trading well above its present levels are now providing an advantageous secondary market for state-of-the-art hardware,” continued Mr. Idnani. “We have predicated our Mining Segment strategy on the assumption that we would have an opportunity to dramatically expand mining capacity at reduced costs. That opportunity is now in play, and we have negotiated equipment acquisitions accordingly. This step should put the Company in an extremely advantageous position to capitalize on subsequent improvements in BTC exchange rates.”
https://dailytrendingstocks.com/as-bitcoin-ra...ig-winner/
GD Entertainment and Technology (OTC:GDET) is a sub-penny stock that has its fingers on buttons in both CBD and blockchain. The CBD element is a wholly-owned subsidiary called “The Greenery” that looks to have great promise in its own right.
But our focus today is on the company’s blockchain segment. This is a diversified blockchain and crypto model, with a crypto ATM business, an elegant card-based cold-storage system for crypto assets, and a major bitcoin mining farm in New Jersey that just announced a move to dramatically expand operations following the signing of a material Asset Purchase Agreement for the acquisition of significant new and used Bitcoin mining assets to be immediately integrated into the Company’s active cryptocurrency mining operations.
“We are expanding and optimizing production from our mining operation at a rapid pace,” commented Anil Adnani, 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.”
As noted in the release, the company is currently operating a number of ASIC Bitcoin Miners at its primary New Jersey mining facility, with plans in place to move toward full fleet operation over the near term.
The new agreement will add 17 new 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.
.
The Angles Point Up
There are two interesting elements to this decision. First, as the company notes in the release, lots of folks got way too excited about crypto mining in late 2017. As result, lots of money and credit was used to buy hardware to set up shop and get a piece of the action. But, lo and behold, it’s not that easy. As we all know, the price of Bitcoin crashed over the next year, and now there’s a lot of that same hardware up for sale on the cheap.
For those smart enough to take advantage, this is a huge cost savings in taking advantage of the next boom in Bitcoin prices, which could already be underway.
We like the argument presented by the company in the release:
Bitcoin pricing in 2020 may be significantly impacted by growing concerns over the sustainability of what is already the longest-lasting global economic expansion cycle in modern history. This growing cyclical vulnerability is further amplified by the fact that major central banks in the developed world have already driven interest rates so low that over $14 trillion in sovereign debt is now trading at negative interest rates, suggesting that traditional monetary policy tools may present a lack of significant potency in a more aggressive contractionary environment, driving substantial new demand for alternative non-fiat stores of value like precious metals and Bitcoin as a hedge against experimental new stimulus strategies such as Modern Monetary Theory.
We also like the fact that this move to expand capacity follows significant optimization steps taken earlier this year, including a sharp reduction in all-in utility costs (annual energy savings of as much as 41%) and an upgrade in unit-level system performance leading to a powerful increase in hashrate-per-unit-power consumption and sharply augmented system-wide security. Efficiency benefits expansion in every case.
“Individuals and firms that made substantial hardware and technology investments in order to mine cryptocurrencies when Bitcoin was trading well above its present levels are now providing an advantageous secondary market for state-of-the-art hardware,” continued Mr. Idnani. “We have predicated our Mining Segment strategy on the assumption that we would have an opportunity to dramatically expand mining capacity at reduced costs. That opportunity is now in play, and we have negotiated equipment acquisitions accordingly. This step should put the Company in an extremely advantageous position to capitalize on subsequent improvements in BTC exchange rates.”
https://dailytrendingstocks.com/as-bitcoin-ra...ig-winner/
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