Digital Power Corp (DPW)

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DPW Holdings More Than Doubles Antminer S9 Bitcoin Miner Installation Rate
By GlobeNewswire, January 18, 2018, 06:30:00 AM EDT
Fremont, California, Jan. 18, 2018 (GLOBE NEWSWIRE) --
DPW Holdings, Inc. (NYSE American:DPW) ("DPW" or the "Company"), a diversified holding company, has reported an increase in its installation rate or number of Bitmain Antminer S9's per week. The Company's subsidiary, Super Crypto Mining, has escalated its current deployment in the first quarter of 2018 from 40 to 100 units per week, in an effort to expedite achievement of its mining goals.
The Company will provide updates on the other models such as the L3, D3 and GPU miners that mine Ethereum and the other top cryptocurrencies that will be provided to investors during its webinar on January 31, 2018.
"We believe the recent pullback of cryptocurrency prices does not reflect the longer term trend, but instead offers opportunities," commented Milton "Todd" Ault III, the Company's CEO and Chairman. "We are more dedicated than ever to mining the top ten cryptocurrencies. I'm very pleased with our path as we continue to march towards our goal of 10,000 miners in 2018."
ABOUT DPW HOLDINGS, INC.
Headquartered in Fremont, CA, DPW Holdings, Inc. is a diversified holding company that, through its wholly owned subsidiary, Coolisys Technologies, Inc., is dedicated to providing world-class technology-based solutions where innovation is the main driver for mission-critical applications and lifesaving services. Coolisys' growth strategy targets core markets that are characterized by "high barriers to entry" and include specialized products and services not likely to be commoditized. Coolisys through its portfolio companies develops and manufactures cutting-edge resonant switching power topologies, specialized complex high-frequency radio frequency (RF) and microwave detector-log video amplifiers, very high-frequency filters and naval power conversion and distribution equipment. Coolisys services the defense, aerospace, medical and industrial sectors and manages four entities including Digital Power Corporation, www.DigiPwr.com, a leading manufacturer based in Northern California, 1-877-634-0982; Digital Power Limited dba Gresham Power Ltd., www.GreshamPower.com, a manufacturer based in Salisbury, UK.; Microphase Corporation, www.MicroPhase.comwith its headquarters in Shelton, CT 1- 203-866-8000; and Power-Plus Technical Distributors, www.Power-Plus.com, a wholesale distributor based in Sonora, CA 1-800-963-0066. Coolisys operates the branded division, Super Crypto Power, www.SuperCryptoPower.com.
Digital Power Lending, LLC, a wholly owned subsidiary of the Company, is based in Fremont, CA, and is a California private lending company dedicated to strategically providing capital to small and middle size businesses for an equity interest in addition to loan fees and interest, www.DigitalPowerLending.com. Excelo, LLC, a wholly-owned subsidiary of the Company, is a national search firm specializing in fulfilling strategic executive, professional and hi-tech placements for businesses delivering world-class services, www.Excelo.com. DPW Holdings, Inc.'s headquarters is located at 48430 Lakeview Blvd., Fremont, California, 94538; 1-877-634-0982; www.DPWHoldings.com. For Investor inquiries: [e-mail] or 1-888-753-2235.
http://www.nasdaq.com/press-release/dpw-holdings-more-than-doubles-antminer-s9-bitcoin-miner-installation-rate-20180118-00230