ISW Holdings, Inc. Lands Significant Hosting/Mining Agreement with Bitmain to Launch Phase One at New Georgia Cryptocurrency Mining Operation
July 22, 2021 at 02:00 pm
ISW Holdings Inc. announced the signing of a cryptocurrency mining hosting agreement with Bitmain Technologies (Bitmain). The Agreement will form the backbone of the Company’s Phase One launch of its cryptocurrency hosting and mining operation in Georgia. Further details related to this Agreement will be discussed in the near future. Management notes that a recent crackdown in China has taken roughly 54% of the global hashrate offline. This resulted in the largest ever single day easing of bitcoin mining difficulty (28%) through the bitcoin algorithm adjustment that took place on July 3, 2021. It has also resulted in increased demand for cryptocurrency hosting services outside of China as mining operations seek to relocate geographically.