Blockchain
ISW Holdings Continues to Transition Cash Assets into Bitcoin with $20K Purchase Ahead of Mining Launch
Las Vegas, Nevada–(Newsfile Corp. – January 6, 2021) – ISW Holdings, Inc. (OTC Pink: ISWH) (“ISW Holdings” or the “Company”), a global brand management holdings company, is pleased to announce that it is in the process of converting $20,000 of the Company’s cash holdings into Bitcoin. The Company also announces that it will be regularly conducting similar transactions on a quarterly basis to convert a percentage of cash flows into Bitcoin.
Management expects this transaction to be completed this week. The Company began transitioning cash resources into Bitcoin with an initial transaction in March 2019 at approximately $4,000/Bitcoin.
“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,” commented Alonzo Pierce, President and Chairman of ISW Holdings. “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.”
The Company formed a joint venture partnership with Bit5ive, LLC, (“Bit5ive”) in May to build and deliver an elegant, powerful, and efficient data center pod design. The Proceso S19 Pod5ive Datacenter is the result. Designed in partnership with Bit5ive, and geared primarily for the cryptocurrency mining industry, the Proceso S19 Pod5ive Datacenter offers next-generation dynamic self-management functionality, plug-and-play operation, virtually non-existent maintenance needs, and an industry best-in-class 1.06 Power Usage Effectiveness score.
The Company’s first mining pod is set to launch operationally before the end of January.
In addition, the Company also notes that it ended the year with its seventh straight quarter of sequential revenue growth, and continues to project 2021 revenue growth of as much as 500% on a year-over-year basis this year (from a base exceeding $1 million in 2020) in its Telehealth and Home Healthcare Solutions segment, which is separate from performance related to its Cryptocurrency Mining and Mining Equipment segment.
About ISW Holdings
ISW Holdings, Inc. (ISWH), based in Nevada, is a diversified portfolio company comprised of essential business lines that serve consumer product demands. Our expertise lies in strategic brand development, early growth facilitation, as well as brand identity through our proprietary procurement process. Together, with our partners, we seek to provide a structure that meets large scalability demands, as well as anticipated marketplace 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 maneuvers its proprietary companies through critical stages of market development, which includes conceptualization, go-to-market strategies, engineering, product integration, and distribution efficiency. The company has also partnered with a well-known software development and consulting company, Bengala Technologies LLC, which is developing significant enhancements in the supply chain management space; and the partnership has a vitally needed patent now pending.
For more information, visit www.iswholdings.com.
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, you can identify forward-looking statements by terminology including “could”, “may”, “will”, “should”, “expect”, “plan”, “anticipate”, “believe”, “estimate”, “predict”, “potential” and the negative of these terms or other comparable terminology. While 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 vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested in this report. Except as required by applicable law, we do not intend to update any of the forward-looking statements so as to conform these statements to actual results. Investors should refer to the risks disclosed in the Company’s reports filed from time to time with OTC Markets (www.otcmarkets.com).
Company Contact:
[email protected]
Public Relations
EDM Media, LLC
https://edm.media
(800) 301-7883
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/71470
Blockchain
Oxbridge Re Reports Update on its RWA Tokenized Security, its Business and Third Quarter 2024 Results
Holds a reinsurance license and is regulated by the Cayman Islands Monetary Authority (CIMA).
Blockchain
SILEGX Exchange: The Rise of a Fintech Innovator
SILEGX Exchange
Blockchain
LAUD Announces Data-Driven Marketing Solutions to Empower Fintech Companies
-
Blockchain Press Releases7 days ago
Modern Lion and Hyundai Card Partner with NEAR Protocol to Revolutionize Concert Culture with Web3 Integration
-
Blockchain Press Releases6 days ago
Bybit and Block Scholes Uncover Post-Election Bullish Sentiment: Traders Lean Into Leveraged Longs Amid Stabilized Market
-
Blockchain7 days ago
Eric Trump to Speak at Bitcoin’s largest conference in Abu Dhabi this December
-
Blockchain Press Releases6 days ago
Canaan Upgraded Avalon Miner A15 Series with Superior Performance
-
Blockchain6 days ago
CertiK Co-Founder, Ronghui Gu, Delivers Keynote Speech at 2024 Singapore FinTech Festival
-
Blockchain7 days ago
PropW Announces Gold Sponsorship at WOW Summit Thailand
-
Blockchain7 days ago
Mauritius Financial Services Sector Report 2024: Competitive Environment, Local and International Influencing Factors, Industry Associations, Outlook, Industry Value Chain
-
Blockchain Press Releases6 days ago
Palapa Tap Tap Hero Game, Indonesia’s First Telegram-Based GameFi