ISW Holdings, Inc. (OTC: ISWH) (“ISW Holdings” or the “Company”), a global brand management company, is pleased to announce that it is in the process of converting $ 20,000 of the Company’s cash into Bitcoin. The company also announces that it will regularly conduct comparable transactions on a quarterly basis to convert a percentage of its cash flows into Bitcoin.
Management expects this transaction to close this week. The company began converting cash to Bitcoin with an initial transaction in March 2019 of approximately $ 4,000 / Bitcoin.
“We believe in the future of Bitcoin and digital payment systems, and cash is an unproductive commodity given the degree of monetary expansion, stimulus packages and debt dragging down traditional currency systems,” said Alonzo Pierce, President and Chairman of ISW Holdings. “We are also on track to launch mining operations through our Pod5 solution at the Bit5ive renewable energy project by the end of January.”
The company entered into a joint venture with Bit5ive, LLC (“Bit5ive”) in May to build and deliver an elegant, powerful, and efficient data center pod design. The Proceso Pod5ive Datacenter is the result. Designed in collaboration with Bit5ive and primarily aimed at the cryptocurrency mining industry, the Proceso Pod5ive Datacenter offers next-generation dynamic self-management functionality, plug-and-play operation, virtually nonexistent maintenance needs and a class 1.06 Power Consumption Effectiveness Score.
The company’s first mining pod will be operational launched by the end of January.
Additionally, the company also notes that it ended the year with its seventh consecutive quarter of consecutive revenue growth, and continues to deliver a staggering 500% year-over-year revenue growth for 2021 this year (from a basis of over $ 1 2020) in the Telehealth and Home Healthcare Solutions segment, which is separate from the performance related to the Cryptocurrency Mining and Mining Equipment segment.
About ISW Holdings
ISW Holdings, Inc. (ISWH), based in Nevada, is a diversified portfolio company made up of critical business lines that meet consumer product requirements. Our expertise lies in strategic brand development, early growth facilitation and brand identity through our proprietary purchasing process. Together with our partners, we try to provide a structure that meets both major scalability requirements and expected market needs. We are able to meet these needs through a variety of strategic innovative processes. ISWH creates and manages brands in a spectrum of disruptive industries. It maneuvers its own businesses through critical stages of market development, including concept creation, go-to-market strategies, engineering, product integration and distribution efficiency. The company is also partnering with a well-known software development and consulting firm, Bengala Technologies LLC, which is developing significant improvements in supply chain management; and the partnership has now filed for a much-needed patent.
For more information visit www.iswholdings.com
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