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Posted On: 07/12/2021 3:37:47 PM
Post# of 534
NetworkNewsBreaks – ISW Holdings Inc. (ISWH) Receives $8M in Financing to Develop Cryptocurrency Mining, Hosting Resources
ISW Holdings (OTC: ISWH), a global brand management holdings company with commercial operations in telehealth and renewable energy cryptocurrency mining, has received $8 million in funding from RB Capital Partners Inc. ISWH plans to use the funding to further expand its cryptocurrency mining and telehealth operations at its new mining facility in Georgia. California-based RB Capital Partners believes that ISWH is well positioned to execute on its bottom-line revenue goals. RB Capital Partners provided the funding in a premium-to-market convertible note that can only convert at a premium ($1.50 per share) to the stock’s current price (~$0.41 per share); the note is convertible after 12 months. RB Capital has also noted the potential for an additional $12 million in further funding on the same terms for added exploration and development investment. ISWH anticipates using the financing for 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,” said ISW Holdings president and chair Alonzo Pierce in the press release. “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.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
ISW Holdings (OTC: ISWH), a global brand management holdings company with commercial operations in telehealth and renewable energy cryptocurrency mining, has received $8 million in funding from RB Capital Partners Inc. ISWH plans to use the funding to further expand its cryptocurrency mining and telehealth operations at its new mining facility in Georgia. California-based RB Capital Partners believes that ISWH is well positioned to execute on its bottom-line revenue goals. RB Capital Partners provided the funding in a premium-to-market convertible note that can only convert at a premium ($1.50 per share) to the stock’s current price (~$0.41 per share); the note is convertible after 12 months. RB Capital has also noted the potential for an additional $12 million in further funding on the same terms for added exploration and development investment. ISWH anticipates using the financing for 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,” said ISW Holdings president and chair Alonzo Pierce in the press release. “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.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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