LAS VEGAS, NV, Feb. 11, 2021 (GLOBE NEWSWIRE) — via NewMediaWire — ISW Holdings, Inc. (OTC: ISWH) (“ISW Holdings” or the “Firm”), a worldwide model administration holdings firm with industrial operations in Telehealth and Cryptocurrency Mining, is happy to announce that the Firm is at present in negotiations towards the acquisition of an extra giant variety of miners (between 300 and 900) in preparation for its coming Section 3 enlargement in mining quantity.
The Firm beforehand introduced that it’s at present launching its preliminary Pod5 Cryptocurrency Mining Pod, a totally self-contained high-PUE mining answer 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 further Pod5 items, 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 concentrating on the acquisition of 900 new miners able to equipping three (3) new Pod5 items, which might result in an extra $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 3 (underway) is the mining launch – concentrating on income technology from participation within the Bit5ive Pennsylvania challenge and increasing its mining actions via further Pod5 items, every geared up with a full complement of miners, which can drive income progress and concurrently construct a observe report for the Pod5 Datacenter as a worldwide best-in-class answer on the market to different mining amenities around the globe.
Section 4 will entail an additional enlargement in complete mining capability and preliminary gross sales of Pod5 items, backed by assist from the Firm’s Bit5ive partnership and the observe report that emerges from Section 3 operations.
“We now have 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 now have 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 phase. Consistent with that imaginative and prescient, we are actually prepared to take a position, broaden, and develop, and to start out instantly capitalizing on the robust investments we made beginning in Might of final yr. This subsequent enlargement 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 traces that serve shopper product calls for. Our experience lies in strategic model growth, early progress facilitation, in addition to model id via 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 via a wide range of strategic revolutionary processes. ISWH is creating and managing manufacturers throughout a spectrum of disruptive industries. It maneuvers its proprietary corporations via crucial levels of market growth, which incorporates conceptualization, go-to-market methods, engineering, product integration, and distribution effectivity. The corporate has additionally partnered with a well known software program growth and consulting firm, Bengala Applied sciences LLC, which is growing important enhancements within the provide chain administration house; and the partnership has a vitally wanted patent now pending.
For extra info, go to www.iswholdings.com
Ahead Trying Statements
This press launch might comprise forward-looking statements that contain dangers and uncertainties. These statements relate to future occasions or our future monetary efficiency. In some circumstances, you’ll be able to determine forward-looking statements by terminology together with “may”, “might”, “will”, “ought to”, “anticipate”, “plan”, “anticipate”, “imagine”, “estimate”, “predict”, “potential” and the destructive 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 mirror our present judgment relating to the course of our enterprise, precise outcomes will nearly at all times differ, typically materially, from any estimates, predictions, projections, assumptions or different future efficiency recommended 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 check with the dangers disclosed within the Firm’s reviews filed every now and then with OTC Markets (www.otcmarkets.com).
EDM Media, LLC