DPW Holdings More Than Doubles Antminer S9 Bitcoin Miner Installation Rate
January 18 2018 - 6:30AM
DPW Holdings, Inc. (NYSE American: DPW) ("DPW"
or the "Company"), a diversified holding company,
has reported an increase in its installation rate or number of
Bitmain Antminer S9’s per week. The Company’s subsidiary,
Super Crypto Mining, has escalated its current deployment in the
first quarter of 2018 from 40 to 100 units per week, in an effort
to expedite achievement of its mining goals.
The Company will provide updates on the other models such as the
L3, D3 and GPU miners that mine Ethereum and the other top
cryptocurrencies that will be provided to investors during its
webinar on January 31, 2018.
“We believe the recent pullback of cryptocurrency prices does
not reflect the longer term trend, but instead offers
opportunities,” commented Milton “Todd” Ault III, the Company’s CEO
and Chairman. “We are more dedicated than ever to mining the top
ten cryptocurrencies. I’m very pleased with our path as we
continue to march towards our goal of 10,000 miners in 2018.”
ABOUT DPW HOLDINGS, INC.
Headquartered in Fremont, CA, DPW Holdings, Inc. is a
diversified holding company that, through its wholly owned
subsidiary, Coolisys Technologies, Inc., is dedicated to providing
world-class technology-based solutions where innovation is the main
driver for mission-critical applications and lifesaving services.
Coolisys’ growth strategy targets core markets that are
characterized by “high barriers to entry” and include specialized
products and services not likely to be commoditized. Coolisys
through its portfolio companies develops and manufactures
cutting-edge resonant switching power topologies, specialized
complex high-frequency radio frequency (RF) and microwave
detector-log video amplifiers, very high-frequency filters and
naval power conversion and distribution equipment. Coolisys
services the defense, aerospace, medical and industrial sectors and
manages four entities including Digital Power Corporation,
www.DigiPwr.com, a leading manufacturer based in Northern
California, 1-877-634-0982; Digital Power Limited dba Gresham Power
Ltd., www.GreshamPower.com, a manufacturer based in Salisbury, UK.;
Microphase Corporation, www.MicroPhase.com with its headquarters in
Shelton, CT 1- 203-866-8000; and Power-Plus Technical Distributors,
www.Power-Plus.com, a wholesale distributor based in Sonora, CA
1-800-963-0066. Coolisys operates the branded division, Super
Crypto Power, www.SuperCryptoPower.com.
Digital Power Lending, LLC, a wholly owned subsidiary of the
Company, is based in Fremont, CA, and is a California private
lending company dedicated to strategically providing capital to
small and middle size businesses for an equity interest in addition
to loan fees and interest, www.DigitalPowerLending.com. Excelo,
LLC, a wholly-owned subsidiary of the Company, is a national search
firm specializing in fulfilling strategic executive, professional
and hi-tech placements for businesses delivering world-class
services, www.Excelo.com. DPW Holdings, Inc.’s headquarters is
located at 48430 Lakeview Blvd., Fremont, California, 94538;
1-877-634-0982; www.DPWHoldings.com. For Investor
inquiries: IR@DPWHoldings.com or 1-888-753-2235.
Forward-Looking Statements
The foregoing release contains “forward looking statements”
within the meaning of Section 27A of the Securities Act of
1933, as amended, and Section 21E of the Securities Exchange
Act of 1934, as amended, including statements regarding the
acquisition and the ability to consummate the
acquisition. These forward-looking statements generally
include statements that are predictive in nature and depend upon or
refer to future events or conditions, and include words such as
“believes,” “plans,” “anticipates,” “projects,” “estimates,”
“expects,” “intends,” “strategy,” “future,” “opportunity,” “may,”
“will,” “should,” “could,” “potential,” or similar expressions.
Statements that are not historical facts are forward-looking
statements. Forward-looking statements are based on current beliefs
and assumptions that are subject to risks and uncertainties.
Forward-looking statements speak only as of the date they are made,
and the Company undertakes no obligation to update any of them
publicly in light of new information or future events. Actual
results could differ materially from those contained in any
forward-looking statement as a result of various factors. More
information, including potential risk factors, that could affect
the Company’s business and financial results are included in the
Company’s filings with the U.S. Securities and Exchange Commission,
including, but not limited to, the Company’s Forms 10-K, 10-Q and
8-K. All filings are available at www.sec.gov and on the Company’s
website at www.DPWHoldings.com.
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