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LAS VEGAS, NV, November 19, 2020 (GLOBE NEWSWIRE) – via NewMediaWire – ISW Holdings, Inc. (OTC: ISWH) (“ISW Holdings” or the “Company”), a global brand management holding company, is pleased to announce that its new Proceso datacenter pod, Pod5ive (the ” Pod5 “), which is capable of driving the computational mining power of cryptocurrency to the Megawatt level, has been fully assembled and is now ready for shipment to the renewable energy Bit5ive LLC (” Bit5ive “) cryptocurrency mining project from 100 MW based in Pennsylvania.
“The work now is to generate revenue from participation in the Bit5ive Pennsylvania project and at the same time build a track record for Proceso, Pod5ive Data Center Pods as a best-in-class global solution for mining facilities around the world,” noted Alonzo. Pierce, President and President of ISW Holdings. “We have begun to seek partnerships in this endeavor, and we believe our technology division has an extremely bright future ahead of keeping pace with the growing success of Bitcoin and the wider cryptocurrency space.”
As discussed in previous communications, the Company partnered with Bit5ive in May to build and deliver the world’s most stylish, powerful and efficient single data center pods. Aimed primarily at the cryptocurrency mining industry, the Proceso Pod5ive data center offers next-generation dynamic self-management capabilities, plug-and-play operations, virtually non-existent maintenance needs, and 1.06 best-in-class energy usage effectiveness. class (“PUE”).
Management notes that the recent strength in cryptocurrency prices is going to directly drive demand for cryptocurrency mining equipment and the profitability of mining operations. After Paypal’s pivotal announcement to begin accepting and transacting in cryptocurrencies in October, Bitcoin’s value increased by more than 33%, opening up greater profit potential for highly efficient mining firms.
The Company continues to anticipate strong performance for the three months ended December 31, 2020, following another exceptional quarter during the three months ended September 30, 2020, which set new record revenues for the Company, driven primarily by continued growth in its Home Healthcare and Telehealth segment, the third consecutive quarter marked extraordinary growth for ISW Holdings this year.
Pierce added, “We are confident in the stability and growth we see from our Home / Telehealth operations, but our overall performance data can dramatically increase with strong execution from our cryptocurrency Mining and Mining Equipment segment in the months to come, given the timing of our investments in this space and the favorable winds that have come together to define a very productive context “.
Information on ISW Holdings
ISW Holdings, Inc. (ISWH), headquartered in Nevada, is a diversified portfolio company comprised of essential business lines that meet consumer product demands. Our expertise lies in strategic brand development, facilitating initial growth and brand identity through our proprietary sourcing process. Together, with our partners, we seek to provide a structure that meets the large demands for scalability as well as anticipated market needs. We are able to meet these needs through a variety of strategic innovative processes. ISWH is creating and managing brands across a spectrum of disruptive industries. It guides its proprietary companies through critical stages of market development, which include conceptualization, go-to-market strategies, engineering, product integration and distribution efficiency. The company has also partnered with a well-known software development and consulting firm.
Forward-Looking Statements
This press release may contain forward-looking statements that involve risks and uncertainties. These statements relate to future events or our future financial performance. In some cases, forward-looking statements can be identified by terminology that includes “could”, “could”, “will”, “should”, “expect”, “plan”, “anticipate”, “believe”, “estimate” “,” predict “,” potential “and the negative of these terms or other comparable terminology. Although these forward-looking statements and any assumptions upon which they are based are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always, sometimes materially, vary from estimates, forecasts, projections, assumptions or others. future performance suggested in this report. Except as required by applicable law, we do not intend to update any of the forward-looking statements to conform these statements to actual results. Investors should refer to the risks disclosed in the Company’s reports submitted to OTC Markets (www.otcmarkets.com) from time to time.
For more information visit www.iswholdings.com
Company contact:
Investor Relations
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