Guard Dog, Inc. (OTC Pink: GRDO) is engaged as a cryptocurrency and digital asset company. Shares of the cryptocurrency company are gaining 25%, through early trading on Wednesday, January 10, 2018. Over the past month, Guard Dog, Inc. has seen average daily volume of 87.23 million shares. However, volume of 87.43 million shares or dollar volume of $131,145, has already exchanged hands on the day.
Shares of Guard Dog, Inc. are rallying on Wednesday, after the company announced it has decided to shift its focus to cryptocurrencies and digital assets. The company has created three new core business units to focus on the emerging industry. Management notes that the cryptocurrency mining industry is already worth $4 billion. Here is the full press release detailing of the shift to cryptocurrencies:
Guard Dog, Inc. Press Release:
WINTER PARK, Fla., Jan. 09, 2018 (GLOBE NEWSWIRE) — OTC PR WIRE — Guard Dog, Inc. (OTC Pink:GRDO) announced today that the company will immediately be focusing on developing three new core business units focused on the digital asset and cryptocurrency markets.
GRDO President and CEO Brain Estrada commented: “With cryptocurrency digital mining already approaching a $4 billion dollar industry, Guard Dog is undoubtedly in the right place at the right time. With China cracking down on mining operations within mainland China, the need for other countries to come online quickly with significant hashing power is growing by the minute. We are aggressively entering an industry where the demand exponentially outweighs the existing supply. We are ahead of the curve because of our technical know-how and existing networks. We can affectively execute our business plan to capture a piece of the cryptocurrency market. Investors are encouraged to monitor the Company’s website and Twitter account for regular progress updates.”
The company will be developing three core areas which will include GRDO Digital Mining, GRDO Mining Rig Hosting and GRDO Digital Asset Protection. A further description of these business units are as follows:
GUARD DOG DIGITAL MINING
GRDO plans to launch mining operations and secure hashing power in the USA and Hong Kong. GRDO’s focus is to mine coins using mining rig machines hashing Sha-256 and Scrypt algorithms (Bitcoin and Litecoin, respectively). GRDO’s full business plan for this subsidiary will be available within the coming weeks.
GUARD DOG MINING RIG HOSTING
GRDO knows that cryptocurrency mining rigs require ample electricity, cooling, and space. Many residential users have found Bitcoin mining rigs to be too hot and too noisy for home use. GRDO aims to be the one-stop mining rig solution by allowing clients to send in mining rigs to GRDO’s location(s). GRDO will then set-up, maintain and deploy funds to clients on a weekly basis while keeping a modest hosting/maintenance fee. The Company also plans to create a standalone website for clients to purchase hashing power and track their machines progress in real-time.
GUARD DOG DIGITAL ASSET PROTECTION
Because of GRDO’s past experience and penetration into the security sector, the Company is well-networked with respected companies and individuals operating on the leading-edge of blockchain security.
About Guard Dog, Inc.
Guard Dog, Inc. is a publicly traded company (OTC PINK:GRDO) concentrating focus on the digital asset and crypto currency marketplace.
Forward-Looking Statements Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications, which may arise, could prevent the prompt implementation of any strategically significant plan(s) outlined above. The Company undertakes no duty to revise or update any forward- looking statements to reflect events or circumstances after the date of this release.