GD Entertainment & Technology (OTC: GDET) is a result driven, blockchain-oriented company focused on becoming a premier Cryptocurrency mining facility.
GDET will build and manage a Cryptocurrency mining colocation and mining facility 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 overseas to ensure future purchasing.
Cryptocurrency Mining & Platform Services
GDET offers smart investing in mining. As an experienced team of experts, we provide a full range of services related to mining: from supply of equipment to mining pool services, thus giving our partners an opportunity to work in an autonomous system.
Industrial Smart Mining
The value of GDET is based on the smart mining model where every investor, partner and third party participant has a chance to get access to industrial mining with the newest equipment, ground-breaking software, and a low electricity rates.
The digital currency is still expected to make waves and grow tremendously, which could throw the spotlight on GD Entertainment And Technology (OTC: GDET), a leader in cryptocurrency mining and mining colocation services.
People have already made bonafide fortunes buying, selling, and mining bitcoin and the profit train may be far from running out of steam.
Despite bitcoin pulling back after a colossal run in 2017, bitcoin enthusiasts still believe the cryptocurrency will be able to hit new highs consistently during the 2nd half of this year.
Bitcoin, as well as blockchain (a transaction ledger that maintains identical copies across each member computer within a network), is being forecast as the Next Big Thing for the future.
For an idea of just how big blockchain may become, David Marcus, a vice president at Facebook, recently said he was stepping down from the board of directors at cryptocurrency exchange Coinbase. Instead he will be leading Facebook’s blockchain strategy. When you have the biggest social media company jumping on the blockchain bandwagon, it speaks in volumes of what hopes big companies have for this arena.
GD Entertainment and Technology (GDET) is focused on becoming a premiere cryptocurrency mining facility by building and managing a cryptocurrency mining colocation and mining facility that is client-focused and dedicated to creating a new standard in the blockchain space based on security and transparency.
GDET is offering smart investing in mining, providing a full range of services related to mining: from supply of equipment to mining pool services, thus giving their partners an opportunity to work in an autonomous system. GD Entertainment and Technology has also developed a strong relationship with suppliers overseas to ensure future purchasing.
This past July, the company received permanent regulatory permission to continue full-scale cryptocurrency mining operations in the New Jersey borough where the company has established its primary operational base.
CEO Mr. Anil Idnani had initially approached Town Hall representatives earlier this year to discuss the details of the mining operation, including a pending upgrade of its facility to allow for massive mining operations, where he was met with welcomed support.
The permanent Certificate of Occupancy was an important initial step that now clears the way for an aggressive path forward for the Company.
It was also in July that the company announced a major power upgrade to its primary New Jersey Cryptocurrency mining facility centered on a complete overhaul of the facility’s electric capacity. The net result of the upgrade is a 100% increase in total power capacity from 400 amps to 800 amps at the facility.
GDET CEO, Anil Idnani, commented:
“We are ramping up capacity right on schedule, and already benefitting from tremendous market conditions. Bitcoin prices are on the march higher, adding over $40 billion in market cap since we began full-scale mining operations in June. This facility upgrade will add to the tremendous performance we have already seen, and put us in an even better position to capitalize on the positive market dynamic.”
More recently the company has introduced an augmented shareholder communications initiative to grant current and prospective shareholders improved clarity into its business plans, operational performance, and growth strategy, and to advance general investor knowledge about the company and its objectives.
The impetus behind this initiative is a combination of GD Entertainment and Technology’s strong advocacy of transparency paired with a dramatic increase in shareholder inquiries in response to the company’s recent positive strides in its Bitcoin mining operations as well as the Company’s recently completed major upgrade to its primary New Jersey Cryptocurrency mining facility.
FN Media Group LLC (FNMG) owns and operates FinancialNewsMedia.com (FNM) which is a third party publisher that disseminates electronic information through multiple online media channels. FNMG’s intended purposes are to deliver market updates and news alerts issued from private and publicly trading companies as well as providing coverage and increased awareness for companies that issue press to the public via online newswires. FNMG and its affiliated companies are a news dissemination and financial marketing solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNMG’s market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. The companies that are discussed in this release may or may not have approved the statements made in this release. Information in this release is derived from a variety of sources that may or may not include the referenced company’s publicly disseminated information. The accuracy or completeness of the information is not warranted and is only as reliable as the sources from which it was obtained. While this information is believed to be reliable, such reliability cannot be guaranteed. FNMG disclaims any and all liability as to the completeness or accuracy of the information contained and any omissions of material fact in this release. This release may contain technical inaccuracies or typographical errors. It is strongly recommended that any purchase or sale decision be discussed with a financial adviser, or a broker-dealer, or a member of any financial regulatory bodies. Investment in the securities of the companies discussed in this release is highly speculative and carries a high degree of risk. FNMG is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. This release is not without bias, and is considered a conflict of interest if compensation has been received by FNMG for its dissemination. To comply with Section 17(b) of the Securities Act of 1933, FNMG shall always disclose any compensation it has received, or expects to receive in the future, for the dissemination of the information found herein on behalf of one or more of the companies mentioned in this release. For current services performed FNMG has been compensated twenty five hundred dollars for GD Entertainment & Technology, Inc. current news coverage by a non-affiliated third party. FNMG HOLDS NO SHARES OF GD Entertainment & Technology, Inc.
This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNMG undertakes no obligation to update such statements.