Cryptocurrency mining, where banks of specialized computers rush to solve complex algorithms and build data blocks of transaction activity on the blockchain to earn cryptocurrency, is energy intensive, to say the least. From the outset, China kept a stranglehold on the market owing to abundant and cheap energy, including in the coal plant hubs of inner Mongolia and Xinjiang, resulting in more than half of the world’s mining activity occurring in the country. However, Beijing is facing pressure to control carbon emissions, and it is pointing its finger directly at cryptomining for its failure to meet targets. To that end, Chinese regulators have taken unprecedented action in shutting down crypto miners, shining a spotlight on cleaner energy solutions, like those offered by ISW Holdings Inc. (OTC: ISWH) (Profile), which just got a head start in a race for power in the United States. The Chinese shutdown also means that all those coins that would have been mined by Chinese firms are up for grabs, which is good news for ISWH and crypto miners such as Marathon Digital Holdings Inc. (NASDAQ: MARA), CleanSpark Inc. (NASDAQ: CLSK), Riot Blockchain Inc (NASDAQ: RIOT) and Bitfarms Ltd. (NASDAQ: BITF).
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About ISW Holdings Inc.
ISW Holdings, based in Nevada, is a diversified portfolio company comprised of essential business lines that serve consumer product demands. The company’s expertise lies in strategic brand development and early growth facilitation, as well as brand identity through its proprietary procurement process. Together with its partners, ISW Holdings seeks to provide a structure that meets large scalability demands, as well as anticipated marketplace needs. The company is able to meet these needs through a variety of strategic innovative processes. ISWH is creating and managing brands across a spectrum of disruptive industries. It maneuvers its proprietary companies through critical stages of market development, which includes conceptualization, go-to-market strategies, engineering, product integration and distribution efficiency. The company has also partnered with a well-known software development and consulting company Bengala Technologies LLC, which is developing significant enhancements in the supply chain management space, and the partnership has a vitally needed patent now pending. The Company’s cryptocurrency mining segment, established in partnership with industry leader Bit5ive LLC, is driven by a mission to mine cryptocurrency with a zero-carbon footprint. For more information about the company, please visit www.ISWHoldings.com.
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