ISW Holdings Lands Significant Hosting/Mining Agreement with Global Leader Bitmain to Launch Phase One at New Georgia Cryptocurrency Mining Operation

Rhea-AI Summary

ISW Holdings (OTC: ISWH) announced a significant partnership with Bitmain Technologies to launch a cryptocurrency mining hosting operation in Georgia. This Agreement marks Phase One of their initiative, aiming for a 200 MW facility powered by renewable energy. Company President Alonzo Pierce anticipates annual revenues exceeding $200 million once fully operational, signaling potential for exponential revenue growth. Further details on this milestone agreement will be released soon, as both companies look to establish a robust collaboration in the cryptocurrency mining sector.

Positive

• Agreement signed with Bitmain Technologies to establish a cryptocurrency mining operation.
• The 200 MW facility aims to utilize renewable energy, enhancing sustainability.
• Expected annual revenue over $200 million once the operation is fully utilized.

Negative

• None.

LAS VEGAS, July 27, 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 the signing of a cryptocurrency mining hosting agreement (the “Agreement”) with Bitmain Technologies (“Bitmain”), the world’s leading producer of cryptocurrency mining hardware and a leading global cryptocurrency mining firm.

The Agreement will form the backbone of the Company’s Phase One launch of its cryptocurrency hosting and mining operation in Georgia. Further details related to this Agreement will be discussed in the near future.

Irene Gao, Antminer BD Director NCSA Region, Bitmain, said, "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."

“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,” remarked Alonzo Pierce, ISW Holdings president and chairman. “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.”

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

About Bitmain

Bitmain Technologies is a multinational semiconductor company with state-of-the-art IC design capabilities. Bitmain offers products, including chips, servers, and cloud solutions for blockchain and artificial intelligence (AI) applications. Founded in 2013 and headquartered in Haidian District, Beijing, Bitmain has research and development centers in Hong Kong, Singapore, and the United States. 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.

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.

For more information, visit www.iswholdings.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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FAQ

What is ISW Holdings' new agreement with Bitmain?

ISW Holdings signed a cryptocurrency mining hosting agreement with Bitmain to launch a mining operation in Georgia.

What is the expected revenue from ISW Holdings' partnership with Bitmain?

The partnership is expected to generate annual revenues exceeding $200 million once fully operational.

What capacity will the new cryptocurrency mining facility have?

The facility will have an initial capacity of 200 MW.

When will more details about the ISW Holdings and Bitmain agreement be released?

Further details regarding the agreement will be disclosed in the near future.

How does the ISW Holdings mining operation plan to use energy?

The mining operation plans to utilize renewable energy sources.