- As price of crypto climbs, crypto mining equipment soon to be in high demand
- People turning to crypto as governments expand money supply to keep economy moving
- ISWH implementing innovative services, products to meet demand of changing world
International Spirits & Wellness Holdings (OTC: ISWH) (“ISW Holdings”) is focused on growing businesses in multiple sectors; one of the most promising is crypto mining. In a rapidly changing industry, ISWH works to meet consumer demand with turnkey solutions. With change as the new norm for 2020, crypto mining equipment appears to be making its way back into high demand.
As evidence of the company’s commitment to the space, ISWH has entered into a joint venture with Bit5ive LLC, a global leader in cryptocurrency mining. Since mid-March, Bitcoin has appreciated 125% and Ethereum as much as 400% (http://ccw.fm/3zVKG). As the price of crypto climbs, the need for crypto mining equipment should follow suit. When the prices of crypto bottomed out in 2017, the production of machines stopped, and existing machines were repurposed or destroyed. With the current need for crypto mining, ISWH and Bit5ive are positioned to benefit from that demand.
As governments and central banks expand money supply in order to keep the economy moving and fund stimulus efforts to battle the economic impact of COVID-19, people are turning to crypto. The industry is seeing the beginning of a familiar cycle that leads to a higher demand of mining equipment.
Bit5ive is making a strong name for itself as one of the largest U.S.-based companies in the crypto-mining industry. The company produces and distributes POD5 and Power Skid 2.5, infrastructure for crypto-mining hardware. The majority of crypto-mining data centers are not located in the United States, which gives the company an added advantage.
“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,” said ISWH president and chairman Alonzo Pierce stated (http://ccw.fm/v8IIe).
ISWH’s mission is to implement innovative services and products that meet the demand of a changing world. The joint venture with Bit5ive appears to be falling right in line with this mission. Together Bit5ive and ISWH are standing at the starting line ready to take off with the next boom.
At the same time, ISWH has also partnered with Proceso LLC. Proceso is building secure crypto-mining data centers in the U.S. that use renewable energy solutions. This aligns the company with Environmental, Social and Governance (“ESG”), which also provides essential access to capital support (http://ccw.fm/A4ulK).
ISWH is working to create companies and partnerships in disruptive industries. This includes crypto, health care, wellness, supply chain management, adult beverages and more. The use of innovative products and services is key to anticipating the future needs of the market in which the company serves.
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.