- ISWH increases efficiency, scale with delivery and installation of new mining rigs
- Joint venture agreement allows ISW Holdings to expand production capacity
- Company also exploring potential opportunities through partnership with Bit5ive
ISW Holdings (OTC: ISWH), a global brand management holdings company with commercial operations in telehealth, renewable energy and cryptocurrency mining, has announced the delivery of a fleet of 300 cryptocurrency miners to be installed into its new POD5IVE Mining pods (https://ibn.fm/LxQT6). The company called the delivery a “huge step” because of increased demand for mining equipment coupled with a global shortage of microchips.
“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,” said ISW Holdings president and chair Alonzo Pierce. “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.”
The announcement went on to noted 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 joint venture partnership with Bit5ive LLC, 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 potential opportunities through its joint venture agreement with Bit5ive.
ISWH announced its partnership with Bit5ive LLC, a global leader in cryptocurrency mining and innovative turnkey mining solutions, last year (https://ibn.fm/US5CU). According to the announcement, the partnership took ISW Holdings into the future of holding companies, adding to its portfolio intellectual properties that now include digital currency and crypto-mining support services; digital data services and mining centers; home-based healthcare and wellness solutions; cutting-edge logistics and supply chain-management platforms; and an early-stage health and wellness e-commerce platform.
Within the past year, ISWH has made significant progress in ramping up its hashing activity. Recent milestones include the company’s announcement that its revolutionary Pod5 Cryptocurrency Mining Pod will be powered up into full operational launch at the Bit5ive renewable energy cryptocurrency mining facility in Pennsylvania in February; that it is negotiating to purchase a large number of miners (between 300 and 900) in preparation for its coming Phase 3 expansion in mining volume; that it entered into a comprehensive hosting and maintenance agreement prior to going online with its new ASIC s17 miners; and that it had successfully tripled its active cryptocurrency mining fleet with the addition of two new POD5IVE datacenters.
These highlights, combined with ISWH’s partnership with Bit5ive, points toward a common objective of driving ISWH’s crypto mining and renewable energy-portfolio enterprises to new levels of profitability.
For more information, visit the company’s website at www.ISWHoldings.com.
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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