Esports Entertainment Group said that a software firm agreed to buy plans to launch a cryptocurrency mining application for gaming computers.
ggCircuit CEO Zack Johnson stated: "Crypto mining during idle machine time is a request that many of our customers have been asking for and we are excited to be able to offer it as the launch application of our distributed computing product ggFuze.”
ggCircuit, a B2B software company that provides cloud-based management for LAN centers and integrated wallet/point-of-sale solutions for enterprise customers, is planning to launch ggFuze, a custom-built crypto mining application next month.
In a combined transaction valued at $43 million, Esports Entertainment Group agreed to acquire ggCircuit and Helix eSports, which operates several eSports centers and helped develop the crypto mining application. The deal is expected to close this quarter.