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https://www.otcmarkets.com/stock/ISWH/news/ISW-Holdings-Closes-on-Its-1st-phase-of-over-100MW-Georgia-Crypto-Mining-Farm-Capable-of-Driving-Over-100M-in-Annual-Gro?id=309837


ISW Holdings Closes on Its 1st phase of over 100MW Georgia Crypto Mining Farm Capable of Driving Over $100M in Annual Gross Revs
Press Release | 07/01/2021


LAS VEGAS, July 01, 2021 (GLOBE NEWSWIRE) -- via InvestorWire – ISW Holdings, Inc. (OTC: ISWH) (“ISW Holdings” or the “Company”), a global brand management holdings company with commercial operations in Telehealth and Renewable Energy Cryptocurrency Mining, is excited to announce that it has finalized its land lease development agreement, which grants the Company full use of a 1st phase 7-acre parcel of property in Georgia tailored for cryptocurrency mining operations, complete with access to energy resources capable of powering over 100 MW of cryptocurrency mining capacity.

“This agreement puts us in position to scale up into a top-five global cryptocurrency mining position by volume,” remarked ISW Holdings President and Chairman, Alonzo Pierce. “We control an ideal plot of land, to initiate the 1st phase with additional access to over 100 megawatts of power for use in crypto mining. We also have our close partner Bit5ive, LLC – North America’s largest provider of collective management of renewable, clean energy services and mining equipment – right on premises to manage and develop the mining operations at the site. China is cracking down hard and shutting down its domestic crypto mining industry. This has enormous consequences because more than half of the world’s cryptocurrency mining has been taking place in China. As a result, we are already fielding calls from mining firms seeking a new home. We are now equipped to handle this at scale. We have the power!”

The Company is now in the first phase of its expansion into hosting mining operations. The necessary engineering and design involved in installation is already underway. This first phase consists of over 20 MW of power to be deployed among 20 separate New Generation 1-MW POD5 units.

The Company believes this entire first tranche of power will be deployed to active mining operations by the end of this year. The expected gross revenue run rate attached to this initial phase – deployment of the first tranche of 20 MW of power – is currently estimated at more than $10 million per year.

Pierce added, “Our plan is to execute an additional agreement with some of the world’s largest and best-known mining companies seeking additional accommodation for expanded mining operations. We are already beginning to design and plan for this added scalability. Once we deploy the full 100 MW, we see total gross revenue run rate exceeding $100 million on an annualized basis.”