Business
Pocket Games, Inc. Takes in 48 Mining Units as Pilot Begins
Pocket Games, Inc. Takes in 48 Mining Units as Pilot Begins.
About this update from Gentech Holdings Inc.
[{"type":"text","content":"Pocket Games, Inc. Takes in 48 Mining Units as Pilot BeginsPKGM Heads to New Jersey To Identify Crypto Mining Real Estate for PocketChainNew York, N.Y. – (Newswire) – February 28, 2018 – Pocket Games, Inc. (OTC: PKGM), announces today it has taken delivery of the ‘mining rigs’ its ordered with their 48 mining units enclosed and the pilot will commence shortly.Pocket Games, Inc. recently announced that its subsidiary, PocketChain LLC, would deploy a pilot of 48 mining units to test the return on investment of a mining operation with the aim of ramping up to over 2000 mining units across many hundreds of mining rigs. To this end, management is heading to New Jersey in March to identify appropriate warehousing with sufficient ‘clean power’ to be able to handle an operation of that size.CEO, David Lovatt, commented that “The company re-affirms that our authorized share reduction of 50% is our commitment to shareholders and the remaining shares for issuance are held in reserve for things like Mergers & Acquisitions as we eye a potential crypto-mining roll-up strategy post-pilot with the potential backing of a multi-million dollar fund who are, like us, waiting for the results of the pilot program. It’s important for a shareholder to note though that we are on track, on plan and we do what we say we will.”Pocket Games, Inc. is currently developing its PocketChain website to be a mass of information for the Crypto community, both experienced and newcomers. With an expected launch date of July 2018, the website will give consumers the ability to buy their own mining rigs in a ‘crypto-cloud’ in an ‘easy-on’ operation that requires zero previous experience in setting up Crypto mining.The Company previously announced that it had filed with the State of Florida to reduce its authorized share capital by half and this became effective with the state on 16th February. OTCMarkets.com has been updated and are reviewing the submission.Pocket Games reminds shareholders that the only source of public information on its activities is either OTCmarkets.com or its own website (www.pocketgamesinc.com).Shareholders are also asked to find Pocket Games on Twitter ™ (https://twitter.com/PocketGamesInc)About Pocket Games, Inc.Pocket Games, Inc. is an alternative reporting company on the OTC:US market, trading under ...