ISW HOLDINGS FINALISES LAND LEASE DEVELOPMENT AGREEMENT FOR CRYPTOCURRENCY MINING OPERATIONS

KUALA LUMPUR, July 8 (Bernama) -- ISW Holdings Inc (ISW Holdings) has finalised its land lease development agreement, which grants the Company full use of a 1st phase seven-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, in a statement.

“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.”

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 US$100 million on an annualised basis.” (US$1 = RM4.170)

ISW Holdings Inc, based in Nevada, is a diversified portfolio company comprising essential business lines that serve consumer product demands.

More details at www.iswholdings.com.

-- BERNAMA