DPW Holdings’ Subsidiary, Super Crypto Mining, Receives 1,000 S-9 Antminers
February 01 2018 - 6:45AM
DPW Holdings, Inc. (NYSE American: DPW) ("
DPW" or
the "
Company"), a diversified holding company,
announced today that its subsidiary, Super Crypto Mining has taken
receipt of 1,000 S-9 Antminers manufactured by Bitmain
Technologies, Inc. for its mining operations as previously reported
on January 18, 2018. The Company states that Super Crypto Mining
has contracted for 3,000 additional S9 Antminers at a reduced cost
and has made an upfront payment of approximately $5,000,000. The
additional 3,000 Antminers are scheduled for delivery during this
month of February and early March 2018 with deployment anticipated
to be completed within the first quarter of 2018.
The Company noted that both the received 1,000 units and
additional 3,000 miners ordered are unrelated to the 100 units per
week being deployed by Super Crypto Mining, as also announced on
January 18, 2018. Upon receipt and deployment of the 3,000
Antminers, the Company estimates approximately 5,000 mining units
will be fully operational with its overall footprint growing
quickly. As such, the Company continues to make measurable progress
towards its objective of having 10,000 active miners in 2018,
particularly considering the current market constraints of
escalating prices and limited availability of these and other
mining units. Super Crypto Mining noted that the 3,000 additional
miners are subject to numerous variables and constraints including
the timely delivery of the units by the manufacturer, any
uncontrollable delays incurred during shipping including Customs
review, and the ability to secure any additional financing by the
Company.
“As mentioned during our webinar on January 31, 2018,
Super Crypto Mining is focused on exceeding expectations. We
continue to identify available mining machines and acquire them at
the most competitive purchase prices possible. We are leveraging
our network of contacts and suppliers including those of our sister
company, Coolisys Technologies, Inc. led by Amos Kohn. We
anticipate these miners will be deployed in locations all around
the country by the end of the first quarter,” said Darren Magot,
CEO of Super Crypto Mining, Inc.
With the conclusion of the investor webinar held yesterday on
January 31, 2018, after the close of the financial market, the
Company reminds shareholders, investors and the public that the
recording of the webinar will be posted within 48 hours for those
who could not attend as well as for anyone else at
www.DPWHoldings.com. The video will be posted along the side of the
posted webinar presentation. A link will be sent to all registered
participants on Friday, February 2, 2018.
ABOUT DPW HOLDINGS, INC.
Headquartered in Fremont, CA, DPW Holdings, Inc.,
www.DPWHoldings.com, 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.
Digital Power Lending, LLC, www.DigitalPowerLending.com, 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. Super
Crypto Mining, Inc. www.SuperCryptoMining.com is a wholly-owned
subsidiary of the Company, is based in Fremont CA that leverages
its engineering expertise and existing locations to create crypto
currency mining facilities across the globe. Super Crypto Mining
operates the branded division, Super Crypto Power,
www.SuperCryptoPower.com. Excelo, LLC, www.Excelo.com, 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.
DPW Holdings, Inc.’s headquarters is located at 48430 Lakeview
Blvd., Fremont, California, 94538; 1-877-634-0982. 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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