NetworkNewsBreaks – ISW Holdings Inc. (ISWH) Ann
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Posted On: 07/07/2021 3:19:29 PM
NetworkNewsBreaks – ISW Holdings Inc. (ISWH) Announces Closing on Seven-Acre Crypto Mining Farm
ISW Holdings (OTC: ISWH), a global brand management holdings company, has finalized a land lease development agreement that grants the company full use of a seven-acre parcel of property in Georgia. The property is tailored for cryptocurrency mining operations and includes access to energy resources with the potential of powering more than 100 MW of cryptocurrency mining capacity. According to the announcement, the company anticipates executing additional agreements with some of the world’s largest and best-known mining companies, which are looking to expand their mining operations and need additional accommodations. ISWH is designing and planning with this added scalability in mind. The company believes that once it deploys the full 100 MW potential of the Georgia property, gross revenues could exceed $100 million on an annualized basis. “This agreement puts us in position to scale up into a top-five global cryptocurrency mining position by volume,” said ISW Holdings president and chair Alonzo Pierce in the press release. “We control an ideal plot of land, to initiate the first phase with additional access to over 100 megawatts of power for use in crypto mining. We also have our close partner Bit5ive, LLC — North America’s largest provider of collective management of renewable, clean energy services and mining equipment – right on premises to manage and develop the mining operations at the site. China is cracking down hard and shutting down its domestic crypto mining industry. This has enormous consequences because more than half of the world’s cryptocurrency mining has been taking place in China. As a result, we are already fielding calls from mining firms seeking a new home. We are now equipped to handle this at scale.”
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, has finalized a land lease development agreement that grants the company full use of a seven-acre parcel of property in Georgia. The property is tailored for cryptocurrency mining operations and includes access to energy resources with the potential of powering more than 100 MW of cryptocurrency mining capacity. According to the announcement, the company anticipates executing additional agreements with some of the world’s largest and best-known mining companies, which are looking to expand their mining operations and need additional accommodations. ISWH is designing and planning with this added scalability in mind. The company believes that once it deploys the full 100 MW potential of the Georgia property, gross revenues could exceed $100 million on an annualized basis. “This agreement puts us in position to scale up into a top-five global cryptocurrency mining position by volume,” said ISW Holdings president and chair Alonzo Pierce in the press release. “We control an ideal plot of land, to initiate the first phase with additional access to over 100 megawatts of power for use in crypto mining. We also have our close partner Bit5ive, LLC — North America’s largest provider of collective management of renewable, clean energy services and mining equipment – right on premises to manage and develop the mining operations at the site. China is cracking down hard and shutting down its domestic crypto mining industry. This has enormous consequences because more than half of the world’s cryptocurrency mining has been taking place in China. As a result, we are already fielding calls from mining firms seeking a new home. We are now equipped to handle this at scale.”
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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