DPW Holdings, Inc. (NYSE American: DPW), a diverse holdings company, this morning announced that its subsidiary, Super Crypto Mining, has entered into a revolving loan agreement for up to $2.5 million in connection with a security agreement granting interest in certain collateral, including bitcoin. “It is important for each subsidiary to develop its own capital structure to create flexibility and provide opportunity for expansion,” Milton “Todd” Ault, III, CEO and chairman of DPW, stated in the news release. “As Super Crypto continues its plan to increase miners, this line of credit enables Super Crypto to deploy its assets – bitcoin – to fund growth.” Additional terms and information relating to the agreement can be found in a Form 8-K filed by the company on October 3, 2018, with the SEC.
To view the full press release, visit http://ccw.fm/2AHYk
About DPW Holdings, Inc.
DPW Holdings, Inc. is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with global impact. Through its wholly owned subsidiaries and strategic investments, the company provides mission-critical products that support a diverse range of industries, including defense/aerospace, industrial, telecommunications, medical, crypto-mining, and textiles. In addition, the company owns a select portfolio of commercial hospitality properties and extends credit to select entrepreneurial businesses through a licensed lending subsidiary. For more information, visit the company’s website at www.DPWHoldings.com
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