Esports Entertainment provides update on rollout of ggCircuit's crypto mining application for LAN centers
Esports Entertainment Group, Inc. (NASDAQ:GMBL) (NASDAQ:GMBLW) has provided an update on the rollout of ggCircuit’s crypto mining application for LAN centers.
The crypto mining application is an add-on to the ggLeap subscription offering that enables center owners to utilize idle computing power to mine for Ethereum by opting into the initiative with the click of a button. Since launching in beta in early May, over 100 centers have opted in and mined a total of more than $250,0000 of Ethereum.
READ: Esports Entertainment to be exclusive esports provider at Pro Football Hall of Fame Village in Canton, Ohio
“The crypto mining application has exceeded our expectations so far in terms of center participation as well as revenue,” commented Grant Johnson, CEO of Esports Entertainment in a statement. “This is a great example of the value that ggCircuit can bring to the customers in their network. The feedback and enthusiasm we have received from centers so far has been fantastic.”
ggCircuit is a B2B software company that provides cloud-based management for LAN centers, a tournament platform, and integrated wallet/point-of-sale solutions for enterprise customers.
Esports Entertainment is a full-stack esports and online gambling company fueled by the growth of video-gaming and the ascendance of esports with new generations. Its mission is to help connect the world at large with the future of sports entertainment in unique and enriching ways that bring fans and gamers together.
The group and its affiliates are well-poised to help fans and players to stay connected and involved with their favorite esports. From traditional sports partnerships with professional NFL/NHL/NBA/FIFA teams, community-focused tournaments in a wide range of esports, and boots-on-the-ground LAN cafes, Esports Entertainment has influence over the full-spectrum of esports and gaming at all levels. The company maintains offices in New Jersey, the UK and Malta.
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Story by ProactiveInvestors
Source: http://www.proactiveinvestors.com/companies/news/955472/esports-entertainment-provides-update-on-rollout-of-ggcircuit-s-crypto-mining-application-for-lan-centers-955472.html
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