Digital Power Corp (DPW)

[ap17]

Today's news in part.

DPW Holdings, Inc. announced today that the company has entered into an agreement with a U.S. based entity securing the right to 25 megawatts of power in support of SCM's operations of approximately 20,000 mining rigs at the location.

"We are excited about this new arrangement for many reasons. This not only helps SCM reach our 2018 goals but also provides capacity for future growth. We are proud to be working with a well-respected data facility leveraging efficiencies that result in a symbiotic cost-effective relationship. This is a unique relationship whereby SCM has obtained access to electricity for the miners at costs competitive with global locations, meaning that we can maintain our operations within the U.S. We will have more to share in the coming months specific to the operation as well as "Green Energy" practices that we are employing at the location," commented Darren Magot, the CEO of SCM.

Shares were up sharply pre-market on Friday.