InvestorWire NewsRoom

Article

ISW Holdings Inc. (ISWH) Finalizes Major Hosting/Mining Agreement with Global Leader Bitmain to Launch New Cryptocurrency Mining Operation
August 19, 2021

ISW Holdings Inc. (ISWH) Finalizes Major Hosting/Mining Agreement with Global Leader Bitmain to Launch New Cryptocurrency Mining Operation

  • The two crypto space leaders have signed an agreement that will form backbone of ISWH’s phase-one launch of cryptocurrency hosting, mining operation in Georgia
  • “Bitmain is probably the most recognizable name in the mining space,” said ISWH CEO
  • China’s recent crackdown on cryptomining creates added opportunity, making ISWH-Bitmain partnership even more promising

ISW Holdings (OTC: ISWH), a global brand management holdings company with commercial operations in renewable energy cryptocurrency mining, is teaming up with Bitmain Technologies, the world’s leading producer of cryptocurrency mining hardware and a leading global cryptocurrency mining firm (https://ibn.fm/pjea0). The two crypto space leaders have signed a cryptocurrency mining hosting agreement that will form the backbone of ISWH’s phase-one launch of its cryptocurrency hosting and mining operation in Georgia. 

“Bitmain is probably the most recognizable name in the mining space, and we are excited that they will be a major piece of our success in Georgia,” said Alonzo Pierce, ISW Holdings president and chair. “Once our 200 MW power tranche is fully utilized, we anticipate annualized revenues of over $200 million, but that will only close the first phase of our vision. We look forward to discussing our next phases in due course. If we are able to execute according to our full vision, we have the potential to drive exponential revenue growth ahead.”

Irene Gao, Antminer BD director over the NCSA region, is equally optimistic about the new partnership. “We are excited to have signed this new pioneering project to begin cooperation with ISW Holdings, a new milestone for the industry for creating hosting facilities overseas. The 200 MW facility is the first phase of our long-term partnership, utilizing renewable energy as its source. We expect to further expand this project into the future to support the development of the industry.”

The United States is gaining momentum in the cryptocurrency hosting space as the result of China’s recent crackdown on cryptocurrency mining (https://ibn.fm/qC7bg). A “Forbes” article reported that “mining is set to become a whole lot easier (and profitable) for North American crypto miners, thanks to the Chinese government’s aggressive crackdown on the industry. Until recently, China accounted for between 65% and 75% of all Bitcoin mining. Market dominance is expected to shift to North America, though, after an estimated 90% of China’s Bitcoin mining capacity has been ordered to shut down due to concerns over its environmental impact.”

This added opportunity makes the ISWH-Bitmain partnership even more promising. “We are grateful for the opportunity to work closely with some of the best in the business,” said Pierce. “Bitmain has solidified itself as a trailblazer in the cryptocurrency mining industry, and we look forward to a bright future together in Georgia.”

Bitmain Technologies is a multinational semiconductor company with state-of-the-art IC design capabilities. The company offers products, including chips, servers and cloud solutions for blockchain and artificial intelligence (“AI”) applications. According to Frost & Sullivan, Bitmain is among the world’s top 10 fabless IC designers and China’s second largest. In the blockchain mining area, Bitmain has shipped billions of ASICs, accounting for 75% of the global market.

“We are grateful for the opportunity to work closely with some of the best in the business,” said Pierce. “Bitmain has solidified itself as a trailblazer in the cryptocurrency mining industry, and we look forward to a bright future together in Georgia.”

ISW Holdings is a diversified portfolio company comprised of essential business lines that serve consumer product demands. The company’s expertise lies in strategic brand development and early growth facilitation, as well as brand identity through its proprietary procurement process. 

Together with its partners, ISWH seeks to provide a structure that meets large scalability demands and anticipated marketplace needs. The company meets those needs through a variety of strategic innovative processes. ISW Holdings is creating and managing brands across a spectrum of disruptive industries. It maneuvers its proprietary companies through critical stages of market development, which includes conceptualization, go-to-market strategies, engineering, product integration and distribution efficiency.

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

About InvestorWire

InvestorWire is the wire service that gives you more. From regional releases to global announcements presented in multiple languages, we offer the wire-grade dissemination products you’ll need to ensure that your next press release grabs the attention of your target audience and doesn’t let go. While our competitors look to nickel and dime you with hidden fees and restrictive word limits, InvestorWire keeps things transparent. We offer UNLIMITED Words on all domestic releases. While other wire services may provide a basic review of your release, InvestorWire helps you put your best foot forward with complimentary Press Release Enhancement.

With our competitors, the work is done the second your release crosses the wire. Not with InvestorWire. We include follow-up coverage of every release by leveraging the ever-expanding audiences of the 50+ brands that make up the InvestorBrandNetwork.

Get more out of your next press release with InvestorWire. It’s unlike anything you’ve seen before.

For more information, please visit https://www.InvestorWire.com

Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: http://ibn.fm/Disclaimer

InvestorWire (IW)
8033 Sunset Blvd Suite 1037-IW
Los Angeles, CA 90046
310.299.1717 Office
www.InvestorWire.com
[email protected]

InvestorWire is part of the InvestorBrandNetwork.

Get Started with InvestorWire

To distribute a release in the next 24 hours. Contact our client services team.

(310) 299-1717

Distribute a press release. Submit your release to get started.

Submit Press Release

Set up a Live demonstration. Schedule a date and time that works for you.

Schedule a LIVE Demo

Press Distribution

Explore Press Distribution Solutions

All releases include an unlimited word count* with full wire-grade syndication, our press release enhancement service, and a follow-up InvestorNewsBreak article distributed to thousands of editorial syndication partners.

Discover Add-on Solutions

Increase the impact of your achievements by adding these exclusive solutions from InvestorWire, delivered in conjunction with the InvestorBrandNetwork (IBN).