GEGR Acquires
Rights and Engages with
BitGoGreen project
focused on mining
Bitcoin and other
Crypto Currency by
integrating the Mining Operations
with a hydro-power
plant
SALT LAKE CITY, UT -- May 25, 2021 -- InvestorsHub NewsWire --
Gaensel Energy Group, Inc., (OTC
Pink: GEGR) (“Gaensel” or the “Company”), a diversified holding
company with assets in Biotech, Software/Gaming and VR, Health,
Beauty and Fashion, Technology, CRM & Data, Commodities, Retail
Coffee, as well as General Contracting and Patented Building
supplies, today announces it has
signed a and Memorandum of Understanding and a preliminary purchase
agreement to acquire a hydro-power plant
Company, Idroelettrica
Torrente Otro S.r.l.,
as part of a business plan to set-up mining operation for Crypto by
using the Green energy that will be generated by the
plant, http://www.bitgogreen.com/
THE LOWEST INDUSTRY CARBON
FOOTPRINT
HYDROELECTRIC
POWER
Hydropower is one of
the most effective and lower cost renewable
energy sources. It also allows managing
resources in a sustainable way and producing with low carbon
emissions. It is natural and
friendly with the environment. We believe it is crucial that
most of the energy consumption comes from natural resources. Our
goal is to have the lowest carbon footprint in the
industry., https://www.energy.gov/eere/water/benefits-hydropower
"BitGoGreen" is the name of the overall
initiative by
GEGR which
will cover the energy production and the Crypto
operation. In
this way, GEGR will enter in one of the key-tech areas of
development for the coming years with a sustainability approach to
reduce at minimum terms the impact on climate change. The full
project will start with the completion of 3MW, (currently subject to the
final permits), 100% powered with
environmentally friendly hydro power energy plant in Italy
over the
coming months
which
will
support the
Crypto
mining
operations. This business model
of acquisition of
the hydro power energy plant and then deployment of the Crypto
mining operations will be expanded also
in
other
locations. The acquisition
of the
entities will
be paid in existing outstanding common stock shares of Gaensel Energy Group, Inc.
and will not create dilution to existing
shareholders. The parties are finalizing the Due Diligence and the obtaining of all
local
permits to complete
the plant that already has absorbed over Five Million USD
($5,000,000) of investment so
far.
"BitGoGreen" founder has deeply approved the strategic
alliance with GEGR that will generate high potential in the long
run to grow up the project significantly and quickly. Through the agreement
with GEGR,
"BitGoGreen" founder conveyed to GEGR all the rights
with regard
to the
development of the project, which includes the acquisition of the
Italian company for the hydro-power
plant.
Upon completion of the final agreement, GEGR will implement a
Capital Commitment Agreement for Twenty Million USD,
($20,000,000).
About Gaensel Energy Group, Inc.
(OTC
Pink:
GEGR):
Gaensel Energy
Group asset base currently consists of proven companies in Biotech,
Commodities, Health, Beauty –
Fashion, Green and Renewable Energy, and
Technology.
The management teams for each of
these divisions are actively seeking similar partners in each space
for expansion and additional acquisitions. We have been listed on the United States OTC
Markets since 2002 and the Company is current.
Gaensel Energy
Group, Inc.
57 West 200
South
Suite 300
Salt Lake City, UT
84101
admin@gegrgroup.com
Phone:
+1 518-567-3649
https://www.gegrgroup.com
Forward-looking statements
This document contains certain
forward-looking statements with respect to the financial condition,
results of operations and business of Gaensel Energy Group, Inc., (GEGR), and certain of the plans and
objectives of GEGR with respect to these items. Examples of
forward-looking statements include statements made about our
strategy, estimates of sales growth, future EBITA and future developments in our
organic business. Forward-looking statements can be identified
generally as those containing words such as "anticipates",
"assumes", "believes", "estimates", "expects", "should", "will",
"will likely result", "forecast", "outlook", "projects", "may" or
similar expressions. By their nature, forward-looking statements
involve risk and uncertainty because they relate to future events
and circumstances and there are many factors that could cause
actual results and developments to differ materially from those
expressed or implied by these forward-looking
statements.
These factors include, but are
not limited to, domestic and global economic and business
conditions, the successful implementation of our strategy and our
ability to realize the benefits of this strategy, our ability to
develop and market new products, changes in legislation, legal
claims, changes in exchange and interest rates, changes in tax
rates, pension costs and actuarial assumptions, raw materials and
employee costs, our ability to identify and complete successful
acquisitions and to integrate those acquisitions into our business,
our ability to successfully exit certain businesses or restructure
our operations, the rate of technological changes, political,
economic and other developments in countries where GEGR operates,
industry consolidation and competition. As a result, GEGR actual
future results may differ materially from the plans, goals and
expectations set forth in such forward-looking
statements.