GDET Announces Successful Migration to New Cryptocurrency Mining Pool
May 30 2019 - 9:18AM
InvestorsHub NewsWire
GDET Announces Successful Migration to New Cryptocurrency Mining
Pool
FORT LEE, NJ -- May 30, 2019 -- InvestorsHub NewsWire -- GD
Entertainment & Technology is excited to announce that the
Company has completed its migration to a new cryptocurrency mining
pool and is running at full capacity.
Management recently announced that all of its active
cryptocurrency mining machines were updated to the latest firmware
which features a reduction in hashrate power consumption with
better power efficiency as well as upgraded security features. The
new mining pool is also fully integrated with major cryptocurrency
exchanges, which means the user can seamlessly send and trade the
cryptocurrency reward payouts in real time market conditions. With
lesser transaction and payout times/restrictions, the flexibility
of converting the cryptocurrency can become more favorable.
The $275 billion cryptocurrency market is continuing to
experience a serious rally with bitcoin surging another 12%
bringing the value to over $8600.
GDET CEO Anil Idnani commented, “I am very proud to announce
that my team was able to complete this migration on every one of
our machines without any difficulties. We are already experiencing
a higher total operating hashrate than the previous mining pool our
machines were integrated with. The upgrade in firmware and new
mining pool allows the operation to run at full capacity during
this crypto rally and I look forward to seeing what new barriers
Bitcoin and cryptocurrencies break next.”
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.
Safe Harbor Provision Cautionary statement for purposes of the
"Safe Harbor" provisions of the Private Securities Litigation
Reform Act of 1995: Information in this news release contains
forward-looking statements that involve risks, uncertainties and
assumptions. If such risks or uncertainties materialize or such
assumptions prove incorrect, the results of the Company and its
consolidated subsidiaries could differ materially from those
expressed or implied by such forward-looking statements and
assumptions. All statements other than statements of historical
fact are statements that could be deemed forward-looking
statements. Risks, uncertainties and assumptions include the
execution and performance of contracts by the Company and its
customers, suppliers and partners. Please also review GD
Entertainment and Technology annual and quarterly financials for a
more complete discussion of risk factors. The Company disclaims any
obligation to update or revise statements contained in this news
release based on new information or otherwise. This communication
shall not constitute an offer to sell or the solicitation of an
offer to buy securities nor shall there be any sale of these
securities in any state in which such solicitation or sale would be
unlawful prior to registration or qualification of these securities
under the laws of any such state.
Contact:
GD Entertainment and Technology
732-851-3756
anil@gdet.co
www.gdet.co
1 Bridge Plaza
2nd Floor
Fort Lee, NJ 07024
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