- ISWH entered a joint venture with a quickly growing US-based company that sells, hosts, supports the most advanced cryptocurrency hardware available
- Using ISWH software innovation and resources, Bit5ive can scale up and achieve optimal success
- ISWH’s telehealth and home healthcare provide strong, steady cash flows as the mining segment gets up to full speed
A joint venture between ISW Holdings (OTC: ISWH), a holding company of diversified partnerships, and Bit5ive LLC., a global leader in cryptocurrency mining, has expanded ISWH’s product portfolio to include some of the most innovative mining tech available in the global market. In exchange, Bit5ive receives the full range of ISWH’s services to assist in running a profitable and efficient project that will take full advantage of the quickly growing global cryptocurrency mining hardware market.
Bit5ive sells, hosts and supports the most advanced cryptocurrency hardware available on the global market and is quickly becoming the most prominent U.S.-based company in cryptocurrency mining and bitcoin farming. The company produces the most efficient crypto mining infrastructure solution available and is the official distribution partner of Bitmain, the global leader in crypto mining equipment.
“The timing of the deal looks great from a macro standpoint given signals we are seeing that point to cyclical strength in demand for crypto mining hardware and resources after the space was washed out by the bear market in coin prices in 2018,” wrote Alonzo Pierce, ISWH president and chairman \in a letter to shareholders (https://nnw.fm/QPRfA). “We have started to see a growing number of deals in recent weeks that point to a strong tailwind as we begin to position ISW in the thick of that market this summer.”
Valued at $610 million in 2016, the mining market is projected to exceed $38 billion by 2025 (https://nnw.fm/lJrZd). For the last two years, ISWH has seen steady growth on a year-over-year basis. This growth is attributed primarily to the company’s TeleHealth and Home Healthcare Division. Management believes that revenue from full year 2021 will at minimum triple 2020’s topline performance with the investments that have been made in cryptocurrency mining and mining equipment.
ISWH has a reputation of creating successful companies and partnerships in disruptive industries. The company uses strategic expertise to establish small and medium-sized market-leading companies in highly relevant sectors. Using software innovation and ISWH resources, the companies can scale up and achieve optimal success.
“We are at the bottom of the hockey stick as far as growth potential, with a clean bill of health on the balance sheet and major new non-dilutive funding providing us with a strong capital foundation to continue aggressive expansion in cryptocurrency mining and mining equipment,” said Pierce (https://nnw.fm/nTMie). “We also continue to expand in our telehealth and home healthcare operations, which provide strong and steady cash flows as our mining segment gets up to full speed. We are focused on staying aggressive and maintaining a shareholder-friendly posture each step of the way.”
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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