ISW Holdings (OTC: ISWH), a Texas-based portfolio company with primary commercial-stage operations in cryptocurrency mining, today issued an update to current and prospective shareholders as the company begins live mining and hosting operations for its 200-megawatt (“MW”) Bitcoin mining and hosting project. According to the update, in partnership with Bit5ive LLC and Bitmain Technologies Ltd. (“BITMAIN”), the company has already powered up the first eight POD5 units at the site. Each POD5 unit contains 280 mining rigs now actively mining Bitcoin. “This is a tremendous day for ISW Holdings and our shareholders,” said Alonzo Pierce, president and chair of ISW Holdings. “After months of hard work, and after overcoming a series of obstacles related to the unpredictable global macroeconomic context, we are very proud to announce that the company is now officially hosting client mining services and mining Bitcoin at scale in our 200MW mining and hosting project.”
To view the full press release, visit https://ibn.fm/0Ho0g
ISW Holdings Inc.
ISW Holdings is an American cryptocurrency mining company supporting blockchain infrastructures that operate globally. As one of the fastest growing crypto mining and mine hosting providers in America, ISW Holdings is quickly transforming the decentralized finance (“DeFi”) and blockchain industries. The company provides low cost, sustainable solutions to the cryptocurrency mining ecosystem. ISW Holdings utilizes scalable blockchain infrastructure to convert unique identifiable assets (“UIAs”) into interchangeable digital assets such as Bitcoin and other types of fungible digital assets. Offering immediate liquidity in the form of fast, confidential transactions, as well as the issuance of assets in the traditional capital markets. The company focuses on hosting and mining Bitcoin with eyes on new IP in crypto and blockchain, and currently leases and operates renewable energy power generation facilities in Gaffney, South Carolina. ISW Holdings is vertically integrated and maintains a fleet of digital/cryptocurrency mining equipment and infrastructure. Based on current partnerships, agreements and memorandums, the company anticipates future operations that leverage up to 56,840 crypto asset mining computers (“miners”). The company’s hosting and mining operations fleet currently comprises approximately 300 Bitmain Antminer S17 Pro (“S17 Pro”) miners, approximately 150 Bitmain Antminer S19 (“95T”) miners, approximately 250 Canaan AvalonMiner 1296 Pro (“90T”) miners, and approximately 5,600 series S19 J Pro (“100-110T”) miners per 20 MW of implemented power up to 56,000 S19 J Pro miners for its 200 MW project in partnership with BITMAIN Technologies.
NOTE TO INVESTORS: The latest news and updates relating to ISWH are available in the company’s newsroom at http://ibn.fm/ISWH
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