- 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
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