NetworkNewsWire
Editorial Coverage: Computers have replaced shovels - there are
now over 1,000,000
unique Bitcoin miners.
Like the gold rush of 1848, hordes of computer-savvy
entrepreneurs have flocked to mining cryptocurrencies looking for
riches. Dependent on the picks and shovels of the 21st century,
crypto miners extract the digital rewards of Bitcoin plus a share
of transaction fees using purpose-built hardware, cost-effective
power sources and computational muscle. The rewards appear to be
greater than striking a motherlode—the global cryptocurrency
mining market was valued at US $610 million in 2016 and has been
projected to exceed $38
billion by 2025. In a bold foray into the new gold rush,
International Spirits & Wellness Holdings Inc. (“ISW
Holdings”) (OTC: ISWH) (ISWH Profile)
recently announced a strategic partnership with Bit5ive LLC, a
global leader in cryptocurrency mining and innovative turnkey
mining solutions. ISW Holdings looks to combine this joint venture
with its current renewable energy project to provide crypto miners
the energy, hardware, and infrastructure they need, capturing a
significant slice of a burgeoning digital bonanza. The crypto
mining sector has grown so fast that it has impacted earnings of
major tech companies. Several years ago, graphics processing unit
(GPU) designers Advanced Micro
Devices Inc. (NASDAQ: AMD)
and NVIDIA
Corporation (NASDAQ: NVDA) posted
unprecedented sales of their GPU products designed for gaming,
thanks to the cryptocurrency mining boom. It was found that those
GPUs had computing ability for the complex mathematical tasks at
the center of mining cryptocurrency. Riot Blockchain
Inc. (NASDAQ: RIOT), long focused on building,
supporting and operating blockchain technologies, has been heavily
investing in its Bitcoin mining operation, and tech behemoth
Tencent Holdings Limited (OTC:
TCEHY) is reportedly creating a new digital currency team
to explore possible new uses of cryptocurrency.
Click here to view the
custom infographic of the ISW Holdings
(OTC: ISWH) editorial.
Digital Gold Rush
As in 1848, cashing in from the crypto bonanza seems best
achieved by providing crypto miners with the needed tools and
supplies. Outside of a few industrial uses, gold’s inherent value
is really based on its scarcity due to the difficulties and costs
of mining it. Gold has long held the mantle of safe haven from fiat
currency gyrations and economic turmoil—and the same is proving
true for the new digital gold. In just 11 years, cryptocurrency has
exhibited similar attributes, and there is a myriad of forecasts
that project Bitcoin to reach over one hundred thousand dollars in
the next few years. The very structure of Bitcoin limits supply and
increases the cost of mining over time. The gold supply has
historically increased at around 2% per year; similarly, Bitcoin's
supply will increase less than 2% annually starting with the recent
2020 halving and will eventually go to less than 1% a year after
the 2024 halving. A Bitcoin halving event occurs when the reward
for mining Bitcoin transactions is cut in half, creating evermore
need to operate crypto mining cost effectively to remain
profitable. Halving also cuts in half Bitcoin's inflation rate and
the rate at which new Bitcoins enter circulation - not too far
removed from the ever-increasing costs to mine gold.
Cryptocurrency mining is a computationally intensive process
that requires a network of computers for verification of the
transaction record, known as the blockchain. Crypto mining requires
computers and special programs, which help miners compete in
solving complicated mathematical problems to extract rewards. This
enterprise demands significant computer and energy resources.
However, just like the lone prospector pushed aside by mining
conglomerates, it has become increasingly difficult for the average
person to mine Bitcoins. As a result, specialized companies and
pools are the ones currently experiencing successful profit
generation.
According to a report from Coherent Market Insights, the global
cryptocurrency mining market was valued at US $610 million in 2016
and is expected to exceed US $38 billion
by 2025, growing at an eye-popping 29.7% compound annual growth
rate over the forecast period. To understand why mining equipment
is under such high demand, keep in mind that 6.25 Bitcoins are
mined every 10 minutes – which currently equates to approximately
$375 thousand dollars an hour in new Bitcoin. Crypto mining has
turned into a thriving industry.
Build It and They Will Come
Intent on capitalizing on the crypto mining market boom,
ISW Holdings (OTC: ISWH)
(ISWH
Profile) intends to deliver
innovative crypto mining solutions by leveraging its new joint
venture with Bit5ive. ISW Holdings is a holding company built
of diversified partnerships focused on a common goal of brand
communication from developers, consultants, design engineers,
contractors, subcontractors, equipment providers, installation
providers, end-users, and service providers. Bit5ive is a leader in
crypto currency mining data centers with several projects currently
in development in the United States.
Recognizing the opportunity, ISWH researched the crypto mining
industry and identified a potential partnership with an industry
leader that enjoyed a substantial industry footprint. After
multiple meetings with Bit5ive and extensive due diligence, the two
entities realized the synergies and engaged in a partnership. This
new venture indicates that ISWH, in conjunction with Bit5ive,
intends to build power crypto currency modular data centers that
support all facets of cryptocurrency mining.
“We are incredibly excited to expand our current portfolio and
move into what we believe is a sector poised for strong
technological and financial growth,” stated ISW Holdings President
and Chairman Alonzo Pierce. “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.”
Given the enormous energy demands of crypto mining, ISWH’s
partnership with Proceso, LLC effectively dovetails to create
high-density processing and mobile data centers powered by
renewable energy. Proceso plans to offer low-cost diverse services
to cryptocurrency mining clients, including hosting and colocation
services. The strategy is intended to reduce power consumption
while creating secure crypto mining data centers in the U.S.
The Bit5ive joint agreement and Proceso’s low cost renewable
energy services align toward a common purpose. The new agreement
could propel ISWH’s crypto mining and renewable energy portfolio
partnerships to new levels of profitability. In addition to crypto
mining and renewable energy, ISWH’s diverse portfolio partnerships
include home health care for the chronically ill, wellness and
restoration, the adult beverage industry, and early-stage
operations in supply chain and logistics management end users.
Commenting on the joint venture, Bit5ive CEO Robert Collazo
stated, “We have achieved considerable growth and hit several major
milestones in the last three years, consistently growing our staff
and honing our expertise along the way. It is important that we
continue innovating and be over par with industry demand from every
aspect.” Bit5ive is the producer and distributor of the
most efficient and successful infrastructure for crypto mining
hardware, POD5 and Power Skid 2.5. Bit5ive is also an official
distribution partner of Bitmain, the industry-leading fabless
manufacturer of computing chips and distributor of Antminers to
more than 30 countries in Latin America, Central America, and the
Caribbean. Bit5ive is quickly becoming one of the largest
U.S.-based companies in the cryptocurrency mining and bitcoin farm
industry, and the joint venture with ISW Holdings looks to be a
boon for both companies.
Driven by Vision
The management of ISW Holdings set out to create a company that
builds diverse business enterprises in multiple sectors. That
vision led to entry into an explosive market opportunity. The
cryptocurrency markets are here to stay, likely to only grow
further and faster over time. This impending growth positions
crypto mining solutions providers as attractive options for
investors looking to tap into the technologies of today—and
tomorrow.
Crazy for Crypto
NVIDIA Corporation (NASDAQ: NVDA) invented the
GPU in 1999 and sparked the growth of the PC gaming market. The
Nvidia GeForce GTX 1070 isn't just a great graphics card for
gaming—it’s also an excellent crypto mining GPU, due to its ability
to manage a high hash rate of around 30 mh/s without needing too
much power. Significantly, the more power a GPU requires, the more
expensive it is to run—an important factor to consider because of
its ability to cramp cryptocurrency profits.
Advanced Micro Devices Inc. (NASDAQ: AMD) is a
multinational semiconductor company. AMD made headlines in 2017
when it released the AMD Vega 64—a graphics card known not only for
its exemplary gaming abilities, but also as a cryptocurrency mining
champion. The AMD Radeon VII then elevated the status quo, tripling
the Vega 64’s hash rate to 90MH/s right out of the box.
Riot Blockchain Inc. (NASDAQ: RIOT) is focused
on building, supporting and operating blockchain technologies. The
company aims to be part of the disruptive blockchain technology
ecosystem that is revolutionizing transactions. Riot Blockchain
also launched its own Bitcoin mining operation and continues to
expand it through ongoing multi-million dollar purchases of mining
equipment. It is one of the largest cryptocurrency mining
operations among publicly listed companies in North America.
Tencent Holdings Limited (OTC: TCEHY) is a
leading provider of Internet value-added services in China.
The company is reportedly creating a new digital currency
team to explore possible new uses of cryptocurrency. Tencent
operates communications and social platforms Weixin and QQ, a
high-performance advertising platform, a digital bank, and provides
financial technology and business services among other
technological services.
Increasing numbers of digital miners are attracted to the
profits being made and the potential bonanza promised by the future
of cryptocurrency. Companies vested in the mining process are well
positioned to benefit from the industry’s continued evolution.
For more information, please visit ISW Holdings
(OTC: ISWH).
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