On November 19th, Simplicity Esports and Gaming Company announced it signed an equipment loan that will be used to purchase 80 new gaming PCs. The loan reportedly has a 10% interest rate and can be paid in 60 monthly installments.
“I am thrilled to continue upgrading our existing gaming stations across our footprint of esports gaming centers. NVIDIA 3090 graphics cards provide a best-in-class gaming experience for our customers and are highly effective for mining cryptocurrencies, such as Ethereum,” said Roman Franklin, CEO of Simplicity Esports. “Based on current prices of Ethereum, the 3090’s should generate over $20,000 per month in gross revenue. We intend to continue upgrading the existing 450 gaming systems in our corporate-owned gaming centers that currently include Xbox consoles, and PCs with 1660 Super, 2060, 2060 Super, and 2080 graphics cards.”
Simplicity Esports also announced that it intends to list common stocks and warrants on the NASDAQ Capital Market. However, there is no guarantee that the company’s listing application will be approved.
(All information was provided by Globenewswire)
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