Business
Guard Dog Inc (OTC:GRDO) and Suntex Enterprises Inc (OTC:SNTX) Jointly Announce Blockchain/Digital Mining Joint Venture
Guard Dog Inc (OTC:GRDO) and Suntex Enterprises Inc (OTC:SNTX) Jointly Announce Blockchain/Digital Mining Joint Venture.
About this update from Suntex Enterprises, Inc.
[{"type":"text","content":"\n\n WINTER PARK, Fla., Jan. 25, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Guard Dog, Inc. (OTC Pink:GRDO) and Suntex Enterprises (OTC Pink:SNTX) jointly announce that the Companies have actively entered into a blockchain/digital mining joint venture agreement. \n The companies intend to work jointly together to co-develop a blockchain/digital mining center in North America. The jointly developed facility will focus on blockchain and digital mining rigs and equipment.  The combined efforts of the two companies will reduce development times and individually incurred capital expenditures for facilities and equipment.  The JV will allow both companies to leverage purchasing power with suppliers and improve facility and maintenance efficiencies. James Anderson, Suntex CEO stated, “Suntex’s initial focus will be on the development of a rig hosting business similar to that of one of Guard Dog’s business units.  Cryptocurrency mining rigs require ample space, cooling and most importantly abundant electricity at competitive rates.  The two companies will jointly develop a facility which will reduce and distribute the individual cost and burden of the facility’s development.  It should also greatly enhance both companies’ bottom lines by reducing ongoing costs associated with operating a data mining center.  Working together opens up a huge potential of other opportunities for both companies.” Brian Estrada stated, “When Suntex first approached Guard Dog with the concept of co-developing a facility, it hit me as a brilliant idea.  While the two companies will occupy a similar marketing space in the field of rig mining, the advantages far outweigh any competitive concerns between the two companies.  Guard Dog and Suntex can easily occupy a similar space within the rig hosting marketplace as I believe both companies will gain a competitive advantage against others in the field.” Estrada continued, “The jointly developed facility will additionally house Guard Dog’s cloud mining business unit.  This should greatly reduce the required development time as we gear up to launch Guard Dog’s crowd funding campaign leading up to the launch of the cloud mining operation.” In addition to today’s announcement, Guard Dog, In...