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The Company has launched its initial website with detailed information on its business plan and plans to bitcoin mined out expand details on its site in the coming weeks. The site can be found here: At present, the Company has established strategic partnerships with overseas equipment suppliers and, through those partners plans to secure dozens bitcoin mined out cryptocurrency mining rigs Bitmain S9 T9 A3 Avalon The Company will be deploying additional resources toward the following critical near-term objectives:.
Management believes this is an ideal time to begin deploying bitcoin mined out and resources into the cryptocurrency mining space. Cryptocurrency mining is centered on the process of validation of transactions in a cryptocurrency bitcoin mined out. Computational power is contributed to processing in exchange for new coins or tokens, which can be stored, spent, or exchanged for other coins or units of fiat currency, such as US Dollars.
So far this year, the price of Bitcoin has bitcoin mined out a healthy and necessary corrective process to reset prices back to levels that the Company believes may be sustainable and may form the launching point for the next wave of enthusiasm and appreciation.
GDET has begun to take aggressive steps to place the Company ahead the curve in the race to harness this growth through a diversified revenue stream model. Shareholders can expect new updates very soon as the Company begins to tackle its initial bitcoin mined out. 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. 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 bitcoin mined out 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 bitcoin mined out 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. GD Entertainment and Technology anil gdet. April 18, GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.