Simplicity Esports and Gaming Company to Mine Crypto Currency Using Gaming PCs
June 11 2021 - 11:30AM
Simplicity Esports and Gaming Company (OTCQB:WINR) (“Simplicity
Esports”), announced today that it will, in collaboration with
Esports Entertainment Group subsidiary ggCircuit, begin using its
gaming PCs to passively mine crypto currencies, such as Ethereum
when the machines are idle.
Roman Franklin, CEO of Simplicity Esports,
stated, “We continue to find innovative ways to leverage the
largest footprint of esports gaming centers in the U.S. for
increasing revenue. We plan to have the first PCs mining Ethereum
as soon as next week, and plan to rollout this strategy at all new
locations that we acquire or build, as long as it remains
economically viable. The beauty of the ggCircuit program is that
initiating and halting mining activity can be done with the push of
a button. At current levels, we expect to generate $100 to $125 in
Ethereum per month per PC by mining during idle periods on the
machines, including overnight.”
Simplicity Esports recently announced record
revenue for the months of March and April, and plans to file its
audited financial statements in its annual report on Form 10-K with
the SEC, in the next 75 days.
Additionally, Simplicity Esports intends to list
its common stock and warrants on The NASDAQ Capital Market or the
NYSE American. There is no guarantee that the listing application
will be approved by The Nasdaq Capital Market or the NYSE
American.
About Simplicity Esports and Gaming
Company:
Simplicity Esports and Gaming Company (WINR) is
an established brand within the esports industry, competing and
streaming in popular games across different genres, including Apex
Legends®, PUBG Mobile®, Overwatch®, League of Legends®, and various
EA Sports® titles. Simplicity Esports is also in the process
of designing, minting, and selling non-fungible tokens (NFTs) for
the esports and gaming industries. Simplicity Esports also owns 15
esports gaming centers, and is the franchisor for 18 esports gaming
centers, providing the public an opportunity to experience gaming
and esports in competitive and casual social settings, regardless
of skill or experience. Simplicity Esports also organizes and hosts
various in-person events and play from home, online tournaments.
Simplicity Esports also owns a Riot Games League of Legends
franchise and top Brazilian esports organization, Flamengo
Esports.
Apex Legends®, PUBG Mobile®, Overwatch®, League
of Legends®, Fortnite®, EA Sports® and Free Fire® are
registered trademarks of their respective owners.
Forward-Looking Statements:
This press release contains statements that
constitute “forward-looking statements.” Forward-looking statements
are subject to numerous conditions, many of which are beyond
Simplicity Esports’ control, including those set forth in the Risk
Factors section of Simplicity Esports’ Annual Report on Form 10-K
filed with the Securities and Exchange Commission (the “SEC”) on
August 31, 2020 and our subsequent SEC filings, as amended or
updated from time to time. Copies of Simplicity Esports’ filings
with the SEC are available on the SEC’s website at www.sec.gov.
Simplicity Esports undertakes no obligation to update these
statements for revisions or changes after the date of this release,
except as required by law.
Simplicity Esports Contact:Roman FranklinChief
Executive OfficerRoman@SimplicityEsports.com561-819-8586