- China has taken steps to regulate the Bitcoin mining and trading, fueling increased interest in overseas providers of crypto mining services
- ISWH has partnered with Bit5ive to innovate infrastructure needed to run innovative crypto mining projects
- Company has fundamental belief in long-term future viability of cryptocurrency systems as legitimate platforms for global commerce
The world of Bitcoin took a hit earlier this year, falling almost 50% after China increased its efforts to regulate the space (https://nnw.fm/yPO5y). Concerns about the cryptocurrencies are nothing new, and ISW Holdings (OTC: ISWH), a global brand management holdings company, has established itself in the cryptocurrency mining space and is committed to providing compliant, efficient and profitable crypto mining projects.
“Beijing stepped up its efforts to crack down on Bitcoin mining and trading, sending the digital currency tumbling,” a recent article reported. “Bitcoin took a hammering after the latest Chinese move and is now down nearly 50% from its all-time high. It shed as much as 17% on Sunday, before paring some losses and was last trading steady in Asia.”
The article noted that a Chinese State Council committee announced the efforts May 21, the first time the council has targeted virtual currency mining, a big business in China that accounts for as much as 70% of the world’s crypto supply. “Investor protection and prevention of money laundering are particular concerns of governments and financial regulators who are grappling with whether and how they should regulate the cryptocurrency industry,” noted the article, which also observed that Chinese miners were contacting overseas service providers to pave way for exports of mining rigs in the future.”
ISW Holdings has partnered with Bit5ive, a global leader in cryptocurrency mining, to innovate the infrastructure needed to run profitable and efficient crypto mining projects. As a result, the company developed a revolutionary Pod5 Cryptocurrency Mining Pod, which has been in full operation at the Bit5ive renewable energy cryptocurrency mining facility in Pennsylvania since February (https://nnw.fm/FC2Tp).
“We are very excited to finally be ready to launch full mining operations at a time when margins are at historic levels following further strength in the value of cryptocurrency assets,” said ISW Holdings president and chair Alonzo Pierce when announcing the news. “But make no mistake about it: we are doing this because we have a fundamental belief in the long-term future viability of cryptocurrency systems as stores of value and legitimate platforms for global commerce. We started diversifying our cash into Bitcoin nearly two years ago. And we partnered with Bit5ive early last year and began the design for our Pod5 unit when Bitcoin was still under $10,000 per coin.”
Designed in partnership with Bit5ive and geared primarily for the cryptocurrency mining industry, the Pod5 Datacenter offers next-generation, dynamic, self-management functionality, plug-and-play operation, virtually nonexistent maintenance needs, and an industry best-in-class 1.06 Power Usage Effectiveness score. The Pod5 is a strong example of ISWH’s commitment to and position in the crypto space.
ISW Holdings is a diversified portfolio company comprised of essential business lines that serve consumer product demands. The company’s expertise lies in strategic brand development and early growth facilitation, as well as brand identity through its proprietary procurement process. Together with its partners, ISWH seeks to provide a structure that meets large scalability demands and anticipated marketplace needs. The company meets those needs through a variety of strategic innovative processes. ISW Holdings is creating and managing brands across a spectrum of disruptive industries. It maneuvers its proprietary companies through critical stages of market development, which includes conceptualization, go-to-market strategies, engineering, product integration and distribution efficiency.
For more information, visit the company’s website at www.ISWHoldings.com.
NOTE TO INVESTORS: The latest news and updates relating to ISWH are available in the company’s newsroom at http://nnw.fm/ISWH
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