- Joint venture with Bit5ive represents milestone for ISWH as it marks company’s first foray into burgeoning crypto world.
- ISWH excited to expand current portfolio, move into sector poised for strong technological and financial growth.
- ISW Holdings among limited, exclusive options for equity market investors looking to capitalize.
International Spirits & Wellness Holdings (OTC: ISWH) (“ISW Holdings”), a global brand-management holdings company, has entered the cryptocurrency space via a joint agreement with Bit5ive, an official distributor of top-selling crypto mining equipment (http://ccw.fm/Fb1E8). The joint venture represents a milestone moment for ISWH as it marks the company’s first foray into a burgeoning crypto world, where the Bitcoin technology market, valued at more than $293 million in 2019, is expected to reach $477 million by 2025.
The move appears to be a strong strategic one for ISWH, which has growing businesses in multiple sectors, including renewable energy, home health care, wellness and restoration, the adult beverage industry, and operations in supply chain and logistics management. “We are incredibly excited to expand our current portfolio and move into what we believe is a sector poised for strong technological and financial growth,” said ISWH president and chairman Alonzo Pierce (http://ccw.fm/SYUp7). “This new joint-venture agreement enables us to collaborate with the experienced team at Bit5ive to innovate the infrastructure needed to run profitable, efficient crypto mining projects and to take advantage of the incredible growth projected for the crypto market.”
The explosive potential of cryptocurrency mining should only strengthen the company’s already diverse portfolio, making it even more attractive to investors. In fact, a recent “Journal Transcript” article, titled “ISWH and Bit5ive Team Up to Conquer the Crypto Mining Capex Opportunity,” noted that “for traders and investors in the equities markets, one theme has remained extremely difficult to find in terms of portfolio exposure: cryptocurrency mining. Very few companies have genuine exposure and constructing a diversified portfolio of equities with operational ties to the crypto mining theme has remained an elusive goal. . . . But, as a result of a groundbreaking new joint venture announcement that hit the newswires in May, ISWH is now one of the most interesting new vehicles through which investors can gain exposure to the cryptocurrency capital equipment marketplace.”
As ISWH enters this growing sector, Bit5ive looks to be the ideal partner. The new partnership draws on strengths of both parties to combine global brand management with innovative crypto mining solutions.
Bit5ive is an official distribution partner of Bitmain, the industry-leading fabless manufacturer of computing chips and distributor of Antminers to more than 30 countries in Latin America, Central America, and the Caribbean. In addition, Bit5ive produces and distributes POD5 and Power Skid 2.5, recognized as the most efficient and successful infrastructure for crypto mining hardware. Bit5ive is one of the largest U.S.-based companies in the cryptocurrency mining and bitcoin farm industry, a clear an indication of increased interest in bitcoin and blockchain technologies.
“We have achieved considerable growth and hit several major milestones in the last three years, consistently growing our staff and honing our expertise along the way,” said Bit5ive CEO Robert Collazo. “It is important that we continue innovating and be over par with industry demand from every aspect.”
This new partnership should allow both companies to do exactly that. “There are very few stocks in the stock market with genuine exposure to the upside in cryptocurrency mining,” the “Journal Transcript” article concluded. “As the mining space expands in response to more demand for coins, mining equipment is likely to become a core investment theme. And now, following its partnership with Bit5ive, ISW Holdings Inc. is among a very limited and exclusive set of options for equity market investors looking to capitalize.”
For more information, visit the company’s website at 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”)
CryptoCurrencyWire (CCW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with CCW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled visibility, recognition and brand awareness.
To receive instant SMS alerts, text CRYPTO to 77948 (U.S. Mobile Phones Only)
CryptoCurrencyNewsWire is where News, content and information converge via Crypto.
For more information, please visit https://www.cryptocurrencywire.com
New York, New York
CryptoCurrencyWire is part of the InvestorBrandNetwork.