“This is a historic day for ISW Holdings and our shareholders,” said Alonzo Pierce, the company’s President and Chair. “We are extremely delighted to report that the Company is now officially hosting client mining services and mining Bitcoin at scale in our 200MW mining and hosting project, following months of hard work and after overcoming a number of challenges relating to the uncertain global macroeconomic climate.” This first 20MW Phase is estimated to generate almost $9 million in yearly revenues for the Company once finished, based on current energy price margins and agreements. By January 2023, management aims to begin construction on phases 2 through 10 in April, with a target of 200MW of electricity over 200 POD5 units, each running 280 state-of-the-art mining rigs. “We are presently in the midst of implementing the first 20MW Phase 1 buildout,” Pierce added. Over the following few weeks, we’ll continue to invigorate the whole Phase 1 project before moving on to Phase 2.”
About ISW Holdings
ISW Holdings is a cryptocurrency mining firm based in the United States that supports worldwide blockchain infrastructures. ISW Holdings is swiftly altering the decentralised finance (DeFi) and blockchain sectors as one of the fastest growing crypto mining and mine hosting companies in America. In the bitcoin mining industry, the company offers low-cost, long-term solutions. ISW Holdings converts unique identifiable assets (UIAs) into fungible digital assets like Bitcoin and other forms of fungible digital assets using scalable blockchain infrastructure. Offering instant liquidity in the form of quick, secure transactions, as well as asset issuance through traditional capital markets.
The company now rents and runs renewable energy power generating facilities in Gaffney, SC, and concentrates on hosting and mining Bitcoin with an eye to new IP in Crypto and Blockchain. ISW Holdings is vertically integrated and owns and operates a fleet of digital/cryptocurrency mining equipment as well as infrastructure. The Company anticipates future activities leveraging up to 56,840 crypto asset mining systems based on present partnerships, agreements, and memorandums (miners). The Company’s Hosting and Mining Operations fleet currently consists of approximately 300 Bitmain Antminer S17 Pro (S17 Pro) miners, 150 Bitmain Antminer S19 (95T) miners, 250 Canaan AvalonMiner 1296 Pro (90T) miners, and approximately 5,600 series S19 J Pro (100-110T) miners per 20 MW of implemented power, with a total of 56,000 S19 J Pro miners for our 200 MW project in partnership with
Forward Looking Statements
Forward-looking statements in this news release may entail risks and uncertainties. These statements are about events that will occur in the future or about our financial performance in the future. Forward-looking statements can sometimes be identified by wording such as “could,” “may,” “will,” “should,” “expect,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” and the negative of these terms or other equivalent terminology. While these forward-looking statements, as well as any assumptions upon which they are based, are made in good faith and reflect our current assessment of our business’s direction, actual results will almost always differ, sometimes materially, from any estimates, predictions, projections, assumptions, or other future performance suggested in this report. We do not plan to update any of the forward-looking statements to bring them into line with actual outcomes, unless required by applicable legislation. Investors should review the risks detailed in the Company’s periodic disclosures filed with OTC Markets.
