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GDET .008s Announces Upgrade to Bitcoin Mining Operation
FORT LEE, NJ, May 13, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- GD Entertainment And Technology (OTC: GDET) (“GDET” or the “Company”) is excited to announce that the Company is working on a major migration and upgrade to its bitcoin mining operation.
Management has identified a more efficient, alternative mining pool with fees as low as half the current commission rate. The Company is also in the process of negotiating better terms for electricity rates, while researching alternate energy providers to help reduce overhead costs and yield higher profits.
The cryptocurrency market has experienced a rally with an influx of over $20 billion in the global market cap, with bitcoin surging over 33% all within the past week.
GDET CEO Anil Idnani commented, “Bitcoin and the major cryptocurrencies have slowly started to normalize into the mainstream markets due to its integration in payment platforms. With rumors of major retailers accepting cryptocurrency as a form of payment to Ohio accepting Bitcoin as a method to pay state taxes, we are seeing cryptocurrency being widely accepted in all different areas. I am very excited about this migration process and to have our miners being utilized at max capacity. The task is extremely meticulous but I plan on personally overseeing the process to completion.”
GDET shareholders can continue to expect frequent updates as the Company’s objectives proceed over the near term.
About GDET
GD Entertainment & Technology, also known as GDET, focuses on high growth industries to fulfill a diverse selection of premium products nationwide. The company currently manufactures, wholesales, and markets a portfolio of blockchain/financial service-based products. GDET strives to become one of the premier Cryptocurrency mining facilities that is client-focused and dedicated to creating a new standard in the Blockchain space based on security and transparency. GDET has also developed a strong relationship with suppliers worldwide to ensure future purchasing. The company currently has two subsidiaries, DreamCard and HyperDigital Technologies, which both offer a selection of transactional-based products and services. DreamCard allows users to create a customizable debit or credit card using its state of the art online platform. HyperDigital Technologies is the Cryptocurrency ATM sector of GDET and aims to secure multiple MSB, money services business, licenses in order to host ATM units throughout the country.
https://www.apnews.com/Globe%20Newswire/523dba52e58361fb467ef44823d5b8ce