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ISW Holdings Negotiating Buy of Further 300 to 900 Cryptocurrency Miners in Preparation for Section 3 Growth in Mining Operations

LAS VEGAS, February 11, 2021 (GLOBE NEWSWIRE) – ISW Holdings, Inc. (OTC: ISWH) (“ISW Holdings” or the “Firm”), a world model administration holdings firm with business operations in Telehealth and Cryptocurrency Mining, is happy to announce that the Firm is presently in negotiations towards the acquisition of a further giant variety of miners (between 300 and 900) in preparation for its coming Section 3 growth in mining quantity.

The Firm beforehand introduced that it’s presently launching its preliminary Pod5 Cryptocurrency Mining Pod, a totally self-contained high-PUE mining resolution designed, assembled, and put in in partnership with Bit5ive, LLC, (“Bit5ive”) on the Bit5ive 100 MW renewable power cryptocurrency mining facility in Pennsylvania.

Growth entails assembling, equipping, and powering up extra Pod5 models, every of which homes 300 miners and is able to driving roughly $2.9 million in annualized revenues at present cryptocurrency market pricing. Administration is focusing on the acquisition of 900 new miners able to equipping three (3) new Pod5 models, which might result in a further $8.64 million in annualized revenues from mining actions at present market costs.

As famous in prior Firm communications, the Firm started a four-phase course of final yr.

  • Section 1 (accomplished) was about integrating main design options and establishing a provide chain to herald industry-leading elements and tools for the Pod5 mining resolution.
  • Section 2 (accomplished) was about assembling and delivery its preliminary Pod5 unit.
  • Section 3 (underway) is the mining launch – focusing on income era from participation within the Bit5ive Pennsylvania challenge and increasing its mining actions by means of extra Pod5 models, every outfitted with a full complement of miners, which can drive income development and concurrently construct a monitor report for the Pod5 Datacenter as a world best-in-class resolution on the market to different mining amenities around the globe.
  • Section 4 will entail an additional growth in complete mining capability and preliminary gross sales of Pod5 models, backed by assist from the Firm’s Bit5ive partnership and the monitor report that emerges from Section 3 operations.

“We’ve managed to stay to the fundamental framework of our preliminary plan and timeline regardless of some inevitable delays associated to the pandemic and provide chain points in addition to availability of mining machines,” commented Alonzo Pierce, President and Chairman of ISW Holdings. “We’ve been in a position to execute and keep on our path within the bigger strategic imaginative and prescient we put in place for our cryptocurrency section. In step with that imaginative and prescient, we are actually prepared to take a position, develop, and develop, and to begin instantly capitalizing on the robust investments we made beginning in Could of final yr. This subsequent growth in firepower is simply the beginning.”

 

About ISW Holdings
ISW Holdings, Inc. (ISWH), based mostly in Nevada, is a diversified portfolio firm comprised of important enterprise strains that serve shopper product calls for. Our experience lies in strategic model improvement, early development facilitation, in addition to model id by means of our proprietary procurement course of. Collectively, with our companions, we search to offer a construction that meets giant scalability calls for, in addition to anticipated market wants. We’re in a position to meet these wants by means of a wide range of strategic progressive processes. ISWH is creating and managing manufacturers throughout a spectrum of disruptive industries. It maneuvers its proprietary firms by means of important phases of market improvement, which incorporates conceptualization, go-to-market methods, engineering, product integration, and distribution effectivity. The corporate has additionally partnered with a widely known software program improvement and consulting firm, Bengala Applied sciences LLC, which is growing important enhancements within the provide chain administration area; and the partnership has a vitally wanted patent now pending.

For extra data, go to www.iswholdings.com

 

Ahead Wanting Statements
This press launch could include forward-looking statements that contain dangers and uncertainties. These statements relate to future occasions or our future monetary efficiency. In some instances, you may determine forward-looking statements by terminology together with “might”, “could”, “will”, “ought to”, “count on”, “plan”, “anticipate”, “consider”, “estimate”, “predict”, “potential” and the unfavourable of those phrases or different comparable terminology. Whereas these forward-looking statements, and any assumptions upon which they’re based mostly, are made in good religion and replicate our present judgment concerning the course of our enterprise, precise outcomes will nearly at all times fluctuate, generally materially, from any estimates, predictions, projections, assumptions or different future efficiency instructed on this report. Besides as required by relevant regulation, we don’t intend to replace any of the forward-looking statements in order to evolve these statements to precise outcomes. Buyers ought to seek advice from the dangers disclosed within the Firm’s studies filed every now and then with OTC Markets (www.otcmarkets.com).

 

Firm Contact:
[email protected]


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