LAS VEGAS, NV, May 27, 2021 (GLOBE NEWSWIRE) — via NewMediaWire — ISW Holdings, Inc. (OTC: ISWH) (“ISW Holdings” or the “Company”), a global brand management holdings company with commercial operations in Telehealth and Renewable Energy Cryptocurrency Mining, announces that the Company’s President and Chairman, Alonzo Pierce, was recently featured on the popular Waypoint Podcast, alongside Robert Collazo of Bit5ive, LLC (“Bit5ive”).
The podcast can be found HERE.
Highlights from the Discussion
In the podcast, Collazo and Pierce discussed their partnership and the progress they have made since last summer.
Collazo also discussed his long-term commitment, and how he got started very much at the very beginning of the crypto revolution as Bitcoin was in its nascency. Pierce established that he has been very impressed with Collazo’s expertise and experience and has complete confidence that he, and ISW Holdings, have the right partner to produce a market-leading carbon neutral cryptocurrency company.
Collazo also noted that the partners will not simply hold mined coins in cold storage, but seek out innovative ways to monetize, hedge, and otherwise capitalize on the savings and value mined coins represent so that the capital is working for them while they continue to produce more.
The partners also noted that they will be participating in a coordinated pooled mining strategy, which will include entering into the Bitmain mining pool. Collazo further suggested that independent mining operations – outside of a pool – are no longer a valid strategy given increased competition and global hash rates.
The podcast host remarked several times that the partners have managed to coordinate an enviable relationship with the City of Miami. More details on this will be disclosed soon.
Collazo also noted that the partners have done a very good job of sourcing new miners. The host of the podcast noted that they must have special connections and that this represents one of the major hurdles facing the industry at present due to the global chip shortage. Collazo stated that Bit5ive has been proactive in protecting the needs of its partners. In addition, Bit5ive’s very strong relationship with Bitmain, the world’s foremost producer of ASIC bitcoin mining hardware, has been instrumental in sourcing during a difficult context.
The partners also noted that there are several major announcements on the way, including a move to segment out and launch hosting operations, and also hints of a new pod design for alt-coin mining.
Renewable Resources: The partners also noted that the shift to innovate toward a carbon neutral mining standard is the north star in the space, and that they have been working toward this goal aggressively.
Collazo also discussed the strategy in place to monetize used miners efficiently given the powerful market in place for secondary mining equipment.
Pierce noted that timing is essential for managing the equipment input/output equation, and he is glad he partnered with a top expert to make sure those decisions are made based on data and real-world experience.
The big headline, as noted in the Company’s prior release, is that hashing is now underway this week.
Finally, both Collazo and Pierce agreed that ISW Holdings’ mining infrastructure and operations can be profitable on a per unit basis with Bitcoin above $25k/coin.
Pierce also noted that the Company has been working through a set of strategic objectives. The Joint Venture structure of the relationship between Bit5ive and ISW Holdings is working well and any further discussions that hinge upon a different relationship structure lie ahead. Both companies are focused on the long-term value of their joint operations.
About ISW Holdings
ISW Holdings, Inc. (ISWH), based in Nevada, is a diversified portfolio company comprised of essential business lines that serve consumer product demands. Our expertise lies in strategic brand development, early growth facilitation, as well as brand identity through our proprietary procurement process. Together, with our partners, we seek to provide a structure that meets large scalability demands, as well as anticipated marketplace needs. We are able to meet these needs through a variety of strategic innovative processes. ISWH 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. The company has also partnered with a well-known software development and consulting company, Bengala Technologies LLC, which is developing significant enhancements in the supply chain management space; and the partnership has a vitally needed patent now pending.
The Company’s cryptocurrency mining segment, established in partnership with industry leader, Bit5ive LLC, is driven by a mission to mine cryptocurrency with a zero carbon footprint.
For more information, visit www.iswholdings.com.
Forward Looking Statements
This press release may contain forward-looking statements that involve risks and uncertainties. These statements relate to future events or our future financial performance. In some cases, you can identify forward-looking statements by terminology including “could”, “may”, “will”, “should”, “expect”, “plan”, “anticipate”, “believe”, “estimate”, “predict”, “potential” and the negative of these terms or other comparable terminology. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested in this report. Except as required by applicable law, we do not intend to update any of the forward-looking statements so as to conform these statements to actual results. Investors should refer to the risks disclosed in the Company’s reports filed from time to time with OTC Markets (www.otcmarkets.com).
Company Contact:
info@ISWHoldings.com
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