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CryptoNewsBreaks – ISW Holdings Inc. (ISWH) Receives $8M in Financing to Develop Cryptocurrency Mining, Hosting Resources

Company: ISW Holdings Inc. (ISWH)
Category: News

ISW Holdings (OTC: ISWH), a global brand management holdings company with commercial operations in telehealth and renewable energy cryptocurrency mining, has received $8 million in funding from RB Capital Partners Inc. ISWH plans to use the funding to further expand its cryptocurrency mining and telehealth operations at its new mining facility in Georgia. California-based RB Capital Partners believes that ISWH is well positioned to execute on its bottom-line revenue goals. RB Capital Partners provided the funding in a premium-to-market convertible note that can only convert at a premium ($1.50 per share) to the stock’s current price (~$0.41 per share); the note is convertible after 12 months. RB Capital has also noted the potential for an additional $12 million in further funding on the same terms for added exploration and development investment. ISWH anticipates using the financing for the assembly and outfitting of additional POD5 mining pods as well as various value-add strategic investments, including technology, resources and personnel capable of maximizing the efficiency of the company’s operations. “ISW Holdings has built a model with robust growth potential, and we’re excited that RB Capital has seen around that corner and was willing to provide growth-friendly terms on an important piece of the financial foundation necessary to actualize that potential,” said ISW Holdings president and chair Alonzo Pierce in the press release. “Given the timing of our agreement in Georgia and recent geopolitical shifts in the global cryptocurrency mining landscape, we are positioned very well at this point, and we look forward to a number of significant developments over coming weeks.”

To view the full press release, visit https://ccw.fm/GVlGF

About ISW Holdings Inc.

ISW Holdings, based in Nevada, is a diversified portfolio company comprised of essential business lines that serve consumer product demands. The company’s expertise lies in strategic brand development and early growth facilitation, as well as brand identity through its proprietary procurement process. Together with its partners, ISW Holdings seeks to provide a structure that meets large scalability demands, as well as anticipated marketplace needs. The company is 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 about the company, please visit www.ISWHoldings.com.

NOTE TO INVESTORS: The latest news and updates relating to ISWH are available in the company’s newsroom at http://ccw.fm/ISWH

About CryptoCurrencyWire (“CCW”)

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