ISW Holdings, Bitmain seal cryptocurrency mining hosting agreement

KUALA LUMPUR, July 28 -- ISW Holdings Inc (ISW Holdings or the Company), a global brand management holdings company, announced the signing of a cryptocurrency mining hosting agreement (the Agreement) with Bitmain Technologies (Bitmain).

Bitmain is the world’s leading producer of cryptocurrency mining hardware and a leading global cryptocurrency mining firm.

“Bitmain is probably the most recognisable name in the mining space, and we are excited that they will be a major piece of our success in Georgia,” said ISW Holdings president and chairman, Alonzo Pierce in a statement.

“Once our 200 MW power tranche is fully utilised, we anticipate annualised revenues of over US$200 million, but that will only close the first phase of our vision. (US$1 = RM4.232)

“We look forward to discussing our next phases in due course. If we are able to execute according to our full vision, we have the potential to drive exponential revenue growth ahead.”

Meanwhile, Antminer BD Director NCSA Region, Bitmain, Irene Gao said: "We are excited to have signed this new pioneering project to begin cooperation with ISWHoldings, a new milestone for the industry for creating hosting facilities overseas.”

The Agreement will form the backbone of the Company’s Phase One launch of its cryptocurrency hosting and mining operation in Georgia, with further details related to this Agreement to be discussed in the near future.

More details at www.iswholdings.com.

-- BERNAMA