ISW Holdings Secures and Receives $8 Million in New Financing for Expanding Cryptocurrency Mining and Hosting Resources
ISW Holdings, Inc. (OTC: ISWH) has secured $8 million in funding from RB Capital Partners, Inc. for its cryptocurrency mining and telehealth operations. This funding, structured as a convertible note at $1.50 per share, will facilitate infrastructure development for its mining facility in Georgia and other strategic investments aimed at operational efficiency. RB Capital may provide an additional $12 million under similar terms. The company expresses confidence in its growth potential and aims for a Nasdaq uplist, supported by the elimination of toxic debt and favorable geopolitical conditions in cryptocurrency.
- Secured $8 million in funding from RB Capital for growth in cryptocurrency mining and telehealth.
- Potential for an additional $12 million in funding under similar terms.
- Funding aimed at developing infrastructure in Georgia's mining facility.
- Strategic investments to increase operational efficiency.
- Elimination of toxic debt positions the company favorably for growth.
- None.
LAS VEGAS, July 12, 2021 (GLOBE NEWSWIRE) -- via InvestorWire – ISW Holdings, Inc. (OTC: ISWH) (“ISW Holdings” or the “Company”), a global brand management holdings company with commercial operations in Telehealth and Renewable Energy Cryptocurrency Mining, is pleased to announce that it has secured (and already received)
The funding came to the Company in the form of a premium-to-market convertible note that can only convert at a premium (
Capital acquired through this funding arrangement will be used for further development of the infrastructure necessary to energize cryptocurrency mining operations at the Company’s new mining facility in Georgia, including the assembly and outfitting of additional POD5 mining pods, as well as various value-add strategic investments, including technology, resources and personnel capable of maximizing the efficiency of the Company’s operations.
“ISW Holdings has built a model with robust growth potential and we’re excited that RB Capital has seen around that corner and was willing to provide growth-friendly terms on an important piece of the financial foundation necessary to actualize that potential,” noted Alonzo Pierce, ISW Holdings president and chairman. “Given the timing of our agreement in Georgia and recent geopolitical shifts in the global cryptocurrency mining landscape, we are positioned very well at this point and we look forward to a number of significant developments over coming weeks.”
Brett Rosen of RB Capital Partners, Inc. shared, “We are excited to be a part of ISWH’s growth trajectory and agree the Company is now very well positioned to execute on its bottom-line revenue goals. The elimination of harmful toxic debt, coupled with the Georgia deal, put ISWH on the road to a Nasdaq uplist.”
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.
Forward-Looking Statements
This press release may contain forward-looking statements that involve risks and uncertainties. These statements relate to future events or our future financial performance. In some cases, you can identify forward-looking statements by terminology including "could," "may," "will," "should," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential" and the negative of these terms or other comparable terminology. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested in this report. Except as required by applicable law, we do not intend to update any of the forward-looking statements so as to conform these statements to actual results. Investors should refer to the risks disclosed in the Company's reports filed from time to time with OTC Markets (www.otcmarkets.com).
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FAQ
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