- Phase 1 of Southeastern project designed to pair 56,000 mining rigs with 200 megawatts of power
- ISWH already undertaking engineering, planning on the next sites to be developed in early 2022
- ISW Holdings seeks to consolidate position as a leading purveyor of digital currency and crypto-mining support services
ISW Holdings (OTC: ISWH), a global brand-management holdings company with commercial operations in renewable energy cryptocurrency, is nearing completion on the first phase of its Southeastern U.S. project (https://nnw.fm/SRoWl). ISWH, which is transitioning to BlockQuarry pending a name change, has primary commercial-stage operations in cryptocurrency mining.
According to ISWH, the first phase of its Southeastern project is designed to pair 56,000 mining rigs with 200 megawatts of power. The project constitutes the infrastructure build-out to deploy 20 MW of power to self-contained cryptocurrency mining Pods with environmentally conscious responsibilities.
“Even with supply chain issues, we have managed to manufacture in record time,” said ISW Holdings president and chair Alonzo Pierce. “We will continue to do our best to hit our schedule objectives despite difficult market conditions, and we are thrilled to start deploying our Gen4 Pods to the site as the project ramps up. We are also excited to report that engineering and planning have gotten underway on the next sites to be developed starting in early 2022.”
ISWH has partnered with Bit5ive team on the project, which is designed to take advantage of a global cryptocurrency mining hardware market that is poised to grow to an annual market value of $2.8 billion by 2024, progressing at a compounded annual growth rate of 7% between 2020 and 2024 (https://nnw.fm/97i0n). “Through our joint venture with Bit5ive, a global leader in cryptocurrency mining and innovative turnkey mining solutions, ISW Holdings will seek to consolidate our position as a leading purveyor of digital currency and crypto-mining support services while further expanding our global product offering within the digital data services and mining center markets,” the company stated.
Sossamon Construction Co. has been involved in building the project. “We are very excited to be working with the Bit5ive team, a leading pioneer in the crypto mining space, on this exciting project,” said Larry Sossamon, president of the company. “We have made excellent progress as we near completion of the first phase of over 200 MW of crypto mining parks in South and North Carolina. These projects represent some of the most innovative of their kind, and stand to create many new jobs and new opportunities in the area.”
Company management also notes that Bit5ive has delivered eight new mining Pods to the site over the past weeks with the balance to be delivered this month while simultaneously powering after installs.
ISWH, soon to be BlockQuarry Corp., is quickly becoming one of the largest mining and hosting providers in the digital currency space in North America, as the company seeks to transform the financial markets of the future. ISWH’s complement of cutting-edge technologies has enhanced the Bitcoin/cryptocurrency ecosystem, enabling its customers to take advantage of real-time cost savings. At the same time, the company’s customers can feel confident that their digital transactions and assets are entirely secure because ISWH relies on a scalable blockchain infrastructure to convert unique identifiable assets (“UIAs”) into interchangeable digital assets such as Bitcoin and other fungible digital assets.
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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