RATE Group | GDET Announces Major Reduction in Electricity Rates for Cryptocurrency Mining Operation …
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GDET Announces Major Reduction in Electricity Rates for Cryptocurrency Mining Operation …

15 Jul GDET Announces Major Reduction in Electricity Rates for Cryptocurrency Mining Operation …

Posted at 16:27h in Cryptocurrency News by

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FORT LEE, NJ, July 15, 2019 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE – GD Entertainment And Technology (GDET) (“GDET” or the “Company”) is excited to announce that the Company has engaged a third-party broker who was able to provide multiple offers from major electricity providers with savings as high as +21% off the current kWh rate.

Management is currently finalizing the terms of the contract with the provider and is looking to secure the new discounted rates immediately in order to be in effect for the next billing cycle. This news comes shortly after GDET announced the expansion of their mining facilities with the integration of additional ASIC units and upgraded ventilation systems.

GDET CEO, Anil Idnani, commented, “My team is extremely pleased with the new electricity rates and are looking to sign a long-term contract to secure our discount. Our commitment to regularly operate and upgrade the facility is a reflection of the company’s core belief in the…

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