LAS VEGAS, Aug. 18, 2021 (GLOBE NEWSWIRE) – via InvestorWire – ISW Holdings, Inc. (OTC: ISWH) (“ISW Holdings” or the “Company”, transitioning to “BlockQuarry,” pending name change), a Nevada-based company Portfolio company with primary commercial activities in cryptocurrency mining is pleased to announce that it has entered into an asset purchase agreement (the “Agreement”) with Minerset, LLC, a Delaware limited liability company, which includes the purchase by ISW of 400 state-of-the-art holdings Cryptocurrency miners.
“As discussed in our recent announcements, we are actively involved in expanding both our hosting and mining segments,” said Alonzo Pierce, President and Chairman of ISW Holdings. “This asset purchase agreement with Minerset represents a significant expansion of our in-house mining capabilities and will allow us to drive further revenue growth in the second half of 2021 as we work towards the significant leap planned for next year, thanks for our latest partnership agreement with Bitmain. “
The agreement provides for the purchase of 150 BitMain S19 95TH / s miners and 250 Canaan AvalonMiner 1246 90TH / s miners. The purchase of the equipment adds $ 3.8 million in new physical assets to the company’s balance sheet and will dramatically expand its overall in-house mining capacity and hashrate once installed and activated.
Payment has already been made and the company will take possession of the miners which will be installed and activated in POD5 units at the company’s Pennsylvania mining site, increasing the hashrate of the Stronghold, Pennsylvania mining operation to 54,000 TH / s.
Via ISW / BlockQuarry
ISW / BlockQuarry Corp. is rapidly becoming one of the largest mining and hosting providers in the digital currency area in North America to transform the financial markets of the future. Our range of cutting-edge technologies has improved the Bitcoin / cryptocurrency ecosystem so that our customers can benefit from real-time cost savings. At the same time, our customers can rest assured that their digital transactions and assets are completely safe. Our company uses a scalable blockchain infrastructure to transform uniquely identifiable assets (UIAs) into exchangeable digital assets such as bitcoin and other fungible digital assets. We provide instant liquidity in the form of quick, confidential transactions as well as the issuance of assets in traditional capital markets.
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