NetworkNewsBreaks – ISW Holdings Inc. (ISWH) Ann
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Posted On: 01/06/2021 3:22:53 PM
NetworkNewsBreaks – ISW Holdings Inc. (ISWH) Announces Conversion of $20K into Bitcoin as Part of Cash Asset Transition
ISW Holdings (OTC: ISWH), a global brand management holdings company, is in the process of converting $20,000 of its cash holdings into Bitcoin; the transaction should be complete this week. This is the most recent in a series of quarterly transactions the company has conducted as it converts a percentage of its cash flow into Bitcoin. ISWH’s initial transaction in the conversion took place in March 2019. In May 2020, ISWH formed a joint venture partnership with Bit5ive LLC (“Bit5ive”) with the intent to build and deliver a powerful, efficient data center pod design. The two companies together created the Proceso S19 Pod5ive Datacenter, which is designed for use in the cryptocurrency mining industry. It is anticipated that the company’s first mining pod will launch operationally by the end of this month. “We believe in the future of Bitcoin and digital payment systems, and cash represents an unproductive asset given the degree of monetary expansion, stimulus, and debt dragging down traditional currency systems,” said ISW Holdings president and chairman Alonzo Pierce in the press release. “We are also on schedule to launch mining operations through our S19 Pod5 solution at the Bit5ive renewable energy project by the end of January.”
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, is in the process of converting $20,000 of its cash holdings into Bitcoin; the transaction should be complete this week. This is the most recent in a series of quarterly transactions the company has conducted as it converts a percentage of its cash flow into Bitcoin. ISWH’s initial transaction in the conversion took place in March 2019. In May 2020, ISWH formed a joint venture partnership with Bit5ive LLC (“Bit5ive”) with the intent to build and deliver a powerful, efficient data center pod design. The two companies together created the Proceso S19 Pod5ive Datacenter, which is designed for use in the cryptocurrency mining industry. It is anticipated that the company’s first mining pod will launch operationally by the end of this month. “We believe in the future of Bitcoin and digital payment systems, and cash represents an unproductive asset given the degree of monetary expansion, stimulus, and debt dragging down traditional currency systems,” said ISW Holdings president and chairman Alonzo Pierce in the press release. “We are also on schedule to launch mining operations through our S19 Pod5 solution at the Bit5ive renewable energy project by the end of January.”
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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