NetworkNewsBreaks – ISW Holdings Inc. (ISWH) Pos
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Posted On: 08/12/2021 4:45:21 PM
NetworkNewsBreaks – ISW Holdings Inc. (ISWH) Positioned for ‘A Number of Significant Developments’
ISW Holdings (OTC: ISWH), a Nevada-based portfolio company with primary commercial-stage operations in cryptocurrency mining, recently secured $8 million in funding from California-based RB Capital Partners Inc. “In addition to the actual funding, conditions of the funding stipulate that any capital acquired through the arrangement will be used for further development, including the infrastructure necessary to strengthen and expand cryptocurrency mining operations at ISWH’s new mining facility in Georgia, including the assembly and outfitting of additional POD5 mining pods. The funds can also be used for value-adding strategic investments, such as technology, resources and personnel capable of maximizing the efficiency of ISWH’s operations,” reads a recent article. The piece quotes Alonzo Pierce, ISW Holdings president and chairman, as saying, “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. 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 Nevada-based portfolio company with primary commercial-stage operations in cryptocurrency mining, recently secured $8 million in funding from California-based RB Capital Partners Inc. “In addition to the actual funding, conditions of the funding stipulate that any capital acquired through the arrangement will be used for further development, including the infrastructure necessary to strengthen and expand cryptocurrency mining operations at ISWH’s new mining facility in Georgia, including the assembly and outfitting of additional POD5 mining pods. The funds can also be used for value-adding strategic investments, such as technology, resources and personnel capable of maximizing the efficiency of ISWH’s operations,” reads a recent article. The piece quotes Alonzo Pierce, ISW Holdings president and chairman, as saying, “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. 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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