Benzinga | Oct 13, 2021 01:38PM EDT

Esports Entertainment Group Reaches $1M Milestone In Crypto Mining Since Launch In May

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.