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ISW Holdings Update: Announces Delivery of 300 Crypto Miners, JV Partner BIT5IVE Now Positioned as Key El Salvador Bitmain Distributor
ISW Holdings Update: Announces Delivery of 300 Crypto Miners, JV Partner BIT5IVE Now Positioned as Key El Salvador Bitmain Distributor.
About this update from Blockquarry Corp.
[{"type":"text","content":"\n LAS VEGAS, June 10, 2021 (GLOBE NEWSWIRE) -- via InvestorWire -- ISW Holdings, Inc. (OTC: ISWH) (“ISW Holdings” or the “Company”), a global brand management holdings company with commercial operations in Telehealth and Renewable Energy Cryptocurrency Mining, is excited to announce the delivery of a fleet of 300 cryptocurrency miners to be installed into its new POD5IVE Mining pods. “This is a huge step, and we are excited to increase our efficiency and scale with the installation of this large new order of mining rigs,” noted Alonzo Pierce, President and Chairman of ISW Holdings. “We have more miners heading our way over coming weeks and months as we continue to build out our capacity to monetize the investment we have made in this space over the past year.” Management notes that new mining capacity has become increasingly difficult to obtain due to increased demand for mining equipment as well as a global shortage of microchips. Through its partnership with Bit5ive LLC (“Bit5ive”), the Company was able to take advantage of strong relationships to gain access to expanded production capacity, which will also undergird its process for further expanding production capacity in coming weeks and months. In addition, Bit5ive’s Central American Bitmain distribution license includes the country of El Salvador, and ISWH is currently exploring related opportunities through their Joint Venture with Bit5ive. The Company is in the process of continuing to ramp up its hashing activity. Given its existing energy deals and the high efficiency of its mining pod design, its mining activities are significantly profitable at current Bitcoin prices. ISW Holdings continues to build toward a carbon-neutral footprint in its cryptocurrency mining activities. About ISW Holdings ISW Holdings, Inc. (ISWH), based in Nevada, is a diversified portfolio company comprised of essential business lines that serve consumer product demands. Our expertise lies in strategic brand development, early growth facilitation, as well as brand identity through our proprietary procurement process. Together, with our partners, we seek to provide a structure that meets large scalability demands, as well as anticipated marketplace needs. We are able to meet these needs through a variety of strategic innovative pr...