DPW Holdings, Inc. (NYSE American: DPW) ("
DPW" or
the "
Company"), a diversified holding company,
announced today that Coolisys Technologies, Inc.
(“
Coolisys”) is launching a new line of
crypto-mining units, the “SuperMiner” with the first miner model
called the “AntEater.” The AntEater features the 10 nanometer
(“nm”) mining chipset jointly developed by Samsung/Innosilicon,
which has been integrated with Coolisys’ highly-efficient power
system. The AntEater is an ASIC Bitcoin crypto-miner designed to
operate faster while emitting less heat than any other similarly
dedicated miner currently available. Innosilicon and Coolisys are
both ISO 9000 certified companies, providing consumers comfort
knowing that both companies have met mandated quality and
production standards for their respective products and services.
Each AntEater has a 1-year service warranty supported by Coolisys’
new service center located in Fremont, CA. This service warranty
from Coolisys is twice the length of the average comparable miner
warranty. Coolisys anticipates that the AntEater will be available
for delivery in four weeks and can be reserved now at
www.SuperMiner.com, a division of Super Crypto Mining, Inc.
“It is exciting to see Coolisys deliver to the market one of the
most advanced mining solutions available. The industry has been
anxious to find an alternative to the Bitmain and Avalon duopolies
and we believe the SuperMiner line and the AntEater model will be
able to satisfy this market demand,” said Amos Kohn, President, CEO
and Chairman of Coolisys Technologies. Mr. Kohn noted, “When we set
out with the goal to bring a new generation of Bitcoin miners to
market, we wanted to push the envelope and innovate by developing
the AntEater based on a 10nm chip because it was the newest
technology available with promising advantages. We thank the
Samsung/Innosilicon development team for making this technology
available and we look forward to delivering other products
featuring Samsung’s latest technology.”
The new SuperMiner line and, including the AntEater, is equipped
with advanced dynamic frequency and temperature scaling for
reliable performance under virtually all conditions. The 10nm
mining chip in the AntEater is based on Samsung’s System-on-Chip
high-performance computing technology which provides the world’s
most efficient ASIC cryptocurrency mining design, with the AntEater
operating at 17.2TH/s. “It has been our goal to enter the
cryptocurrency mining market, to compete head to head with Bitmain
and Avalon, and look to providing innovation in miners and advances
in technology serving the crypto-mining sector,” stated Mr.
Kohn.
ABOUT DPW HOLDINGS, INC.Headquartered in
Newport Beach, CA, DPW Holdings, Inc. (www.DPWHoldings.com), is a
diversified holding company with a growth strategy of acquiring
undervalued assets, disruptive technologies, sustainable solutions,
and exciting ventures for incubation and development to their full
potential for long-term growth and investor returns.
DPW, through its wholly-owned subsidiary, Coolisys Technologies,
Inc., is dedicated to providing world-class technology-based
solutions for critical applications and lifesaving services, in
which innovation is the main driver. Coolisys serves the defense,
aerospace, naval, homeland security, medical, telecom, datacom, and
industrial markets. Its growth strategy targets core markets that
are characterized by “high barriers to entry” and that require
specialized products and services that are not likely to be
commoditized. Through its portfolio companies, Coolisys develops
and manufactures cutting-edge switching power products and power
solutions utilizing its customized digital power management and
resonant topology to achieve the highest efficiency and highest
density power converters and inverters; specialized complex
airborne high-frequency, radio frequency (RF), and microwave
detector-log video amplifiers (DLVA); very high-frequency filters;
and naval power conversion and distribution equipment. Coolisys
provides its technology and services through its three primary
groups: the Power Solutions Group (PSG); the Defense and Aerospace
Solutions Group (DSG); and the Advanced Service Industries (ASI)
Group. Coolisys manages five divisions, including Digital Power
Corporation, www.DigiPwr.com, a leading provider of power
electronics technology based in Northern California; Digital Power
Limited dba Gresham Power Ltd., www.GreshamPower.com, a designer
and manufacturer of power distribution systems primarily for Naval
use based in Salisbury, UK; Microphase Corporation,
www.MicroPhase.com , a designer and manufacturer of microwave
electronics technology based in Shelton, CT; Power-Plus Technical
Distributors, www.Power-Plus.com, a value-added distributor based
in Sonora, CA; and Enertec Systems, a developer and manufacturer of
specialized advanced electronic systems for the defense and
aerospace sectors based in Karmiel, Israel.
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 operating under
Financial Lender’s License ##60DBO-77905 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,
Inc. operates the branded divisions, Super Crypto Power,
www.SuperCryptoPower.com and Super Miner, www.SuperMiner.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 201 Shipyard Way, Suite E, CA 92663;
www.DPWHoldings.com. For Investor inquiries: IR@DPWHoldings.com or
1-888-753-2235.
Forward-Looking StatementsThe 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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