DPW Holdings’ Subsidiary, Super Crypto Mining, Secures 1,000 S9 Antminers
January 23 2018 - 6:45AM
DPW Holdings, Inc. (NYSE American: DPW) ("
DPW" or
the "
Company"), a diversified holding company,
stated today that its subsidiary, Super Crypto Mining, Inc., has
secured 1,000 S9 Antminers manufactured by Bitmain Technologies,
Inc. for its mining operations. The Company noted that these units
are unrelated to the 100 units per week being deployed by Super
Crypto Mining, as announced on January 18, 2018, and significantly
bolsters the operational footprint of Super Crypto Mining. The
units are expected to be delivered this month, with all units
targeted for deployment in February. As such, the Company is making
measurable progress towards its objective of having 10,000 active
miners in 2018, particularly taking into account the current market
constraints of escalating prices and limited availability of these
and other mining units.
“The Company continues to invest significant capital and
resources into its subsidiaries and providing both long term growth
and real value to shareholders by maximizing its operations and
revenue streams. We are dedicated to the success of Super Crypto
Mining and expanding its mining operations as prudently yet
expeditiously as possible,” said Milton “Todd” Ault, III, the
Company’s CEO and Chairman. Ault continued, “We thank Coolisys
Technologies and our President Amos Kohn, who were instrumental in
securing these new units. Mr. Kohn’s industry connections have been
strategic in our success and believe will be significant as we
continue to move forward.”
The Company also stated that Digital Power Lending, LLC, its
wholly-owned subsidiary, will update the market as to the status of
its California finance lenders license and its operations prior to
the webinar to be held on January 31, 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. Coolisys operates the branded division, Super
Crypto Power, www.SuperCryptoPower.com.
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. 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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