ISW Holdings Closes on Its 1st phase of over 100MW Georgia Crypto Mining Farm Capable of Driving Over $100M in Annual Gross Revs

Rhea-AI Summary

ISW Holdings (OTC: ISWH) announced a significant land lease agreement for a 7-acre site in Georgia dedicated to cryptocurrency mining. This site boasts access to over 100 MW of energy resources, positioning the company to potentially become a top-five global player in the sector. With a strategic partnership with Bit5ive, the largest provider of renewable energy services for mining, ISW Holdings anticipates a gross revenue run rate exceeding $100 million annually upon full operation. The move comes as China restricts domestic mining, creating new opportunities for ISW.

Positive

• Finalized land lease for 7 acres in Georgia for cryptocurrency mining.
• Access to over 100 MW of energy resources.
• Potential to become a top-five global cryptocurrency miner by volume.
• Strategic partnership with Bit5ive for renewable energy mining solutions.
• Expected gross revenue run rate exceeding $100 million annually.

Negative

• None.

LAS VEGAS, July 07, 2021 (GLOBE NEWSWIRE) -- via InvestorWire -- ISW Holdings, Inc. (OTC: ISWH) (“ISW Holdings” or the “Company”), a global brand management holdings company, is excited to announce that it has finalized its land lease development agreement, which grants the Company full use of a 1st phase 7-acre parcel of property in Georgia tailored for cryptocurrency mining operations, complete with access to energy resources capable of powering over 100 MW of cryptocurrency mining capacity.

“This agreement puts us in position to scale up into a top-five global cryptocurrency mining position by volume,” remarked ISW Holdings President and Chairman, Alonzo Pierce. “We control an ideal plot of land, to initiate the 1st phase with additional access to over 100 megawatts of power for use in crypto mining. We also have our close partner Bit5ive, LLC – North America’s largest provider of collective management of renewable, clean energy services and mining equipment – right on premises to manage and develop the mining operations at the site. China is cracking down hard and shutting down its domestic crypto mining industry. This has enormous consequences because more than half of the world’s cryptocurrency mining has been taking place in China. As a result, we are already fielding calls from mining firms seeking a new home. We are now equipped to handle this at scale. We have the power!”

For more details and forward-looking statements, view the entire announcement: https://ibn.fm/ISW100MWAnnouncement

Pierce added, “Our plan is to execute an additional agreement with some of the world’s largest and best-known mining companies seeking additional accommodation for expanded mining operations. We are already beginning to design and plan for this added scalability. Once we deploy the full 100 MW, we see total gross revenue run rate exceeding $100 million on an annualized basis.”

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 processes. ISWH 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. The company has also partnered with a well-known software development and consulting company, Bengala Technologies LLC, which is developing significant enhancements in the supply chain management space; and the partnership has a vitally needed patent now pending.

The Company’s cryptocurrency mining segment, established in partnership with industry leader, Bit5ive LLC, is driven by a mission to mine cryptocurrency with a zero carbon footprint. Learn more at www.iswholdings.com.

About Bit5ive

Bit5ive is a leader in crypto currency mining data centers with several projects currently in development in the United States. Bit5ive's success lies in its commitment to its clients, hailing from a variety of industries and professions. Bit5ive's corporate headquarters is based in Miami, Florida, from which it operates as a management hub for its data centers, sales and customer service. Learn more at www.Bit5ive.com.

Company Contact:
info@ISWHoldings.com

Public Relations
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Corporate Communications:
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Los Angeles, California
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310.299.1717 Office
Editor@InvestorBrandNetwork.com 

FAQ

What is ISW Holdings' recent announcement about cryptocurrency mining?

ISW Holdings announced a land lease for a 7-acre site in Georgia for cryptocurrency mining, with energy resources exceeding 100 MW.

What are the revenue expectations for ISW Holdings' mining operations?

ISW Holdings anticipates a gross revenue run rate exceeding $100 million annually once fully operational.

How does the China mining ban affect ISW Holdings?

The crackdown on cryptocurrency mining in China is driving mining firms to seek new locations, benefiting ISW Holdings' operations.

Who is ISW Holdings partnering with for their mining operations?

ISW Holdings is partnering with Bit5ive, LLC, North America's largest provider of renewable energy services and mining equipment.

What is the significance of ISW Holdings' land lease agreement?

The land lease positions ISW Holdings to scale its cryptocurrency mining capacity, potentially ranking among the top global miners.