Esports Entertainment Group Reaches $1 Million Milestone in Crypto Mining Since Launch in May
Newark, New Jersey--(Newsfile Corp. - October 13, 2021) - Esports Entertainment Group, Inc. (NASDAQ: GMBL) (NASDAQ: GMBLW) (or the "Company"), an esports and online gambling company, is pleased to announce that ggCircuit's crypto mining application for LAN centers has crossed the $1 million mark. The mining application is an add-on to the ggLeap subscription that enables center owners to utilize idle computing power to mine for Ethereum. Since the beta launch in May 2021, 304 centers across 58 countries have opted in and mined over $1 million.
"The crypto mining application has grown exponentially over the last few months and we've added nearly 200 more centers since July," said Grant Johnson, CEO of Esports Entertainment Group. "This milestone is another significant step forward as we continue to grow and receive positive feedback on ggCircuit's product."
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.
About Esports Entertainment Group
Esports Entertainment Group is a full stack esports and online gambling company fueled by the growth of video-gaming and the ascendance of esports with new generations. Our 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. Esports Entertainment 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, EEG has influence over the full-spectrum of esports and gaming at all levels. The Company maintains offices in New Jersey, the UK and Malta. For more information visit www.esportsentertainmentgroup.com.
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