$ISWH Poised for Potential Base Range Breakout On Bit5ive JV
ISWH is holding its bullish posture in Basing Pattern following MACD Bull Divergence, with key R-to-Beat at $0.50. Strong oscillator signal, strong support signal, strong volume trend.
The stock just needed a catalyst to bring eyes in. Bit5ive deal may be that catalyst.
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ISW Holdings Inc (OTCMKTS:ISWH) is among a number of interesting possibilities for equities investors seeking exposure to the cryptocurrency theme. In the case of ISWH, this thematic tie is the result of a recent announcement that features news of a new joint venture with Bit5ive LLC, a global leader in cryptocurrency mining and innovative turnkey mining solutions.
According to the release, Bit5ive is 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. In addition, Bit5ive is the producer and distributor of POD5 and Power Skid 2.5, the most efficient and successful infrastructure for crypto mining hardware. Bit5ive is quickly becoming one of the largest U.S.-based companies in the cryptocurrency mining and bitcoin farm industry.
This factor pairs up with the company’s recent partnership with Proceso, LLC.
According to company materials, “it is no secret that power supply is a major driving force of businesses. An increased need to power the technology and systems that run our complex world makes renewable energy more important than ever. Knowing the importance of renewable energy, we have partnered with Proceso, LLC. to pursue its interest in creation of high-density processing and mobile datacenters delivering via its network of brokers, partners, suppliers, and clients. We are working towards providing a better alternative to fossil fuels and quality of development currently used in datacenters. With Proceso’s future locations in Houston, Texas, Colorado, and Pennsylvania, we intend to build and power our data centers in these locations with renewable energy. This will help companies lower the cost of power to their clients, including providing hosting and colocation services to various growing industries such as cryptocurrency mining and the gaming industry.”
In other words, this direction is also about more than just cryptocurrency mining, with clear applications to the broad data center and colocation marketplace.
The stock just needed a catalyst to bring eyes in. Bit5ive deal may be that catalyst.
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ISW Holdings Inc (OTCMKTS:ISWH) is among a number of interesting possibilities for equities investors seeking exposure to the cryptocurrency theme. In the case of ISWH, this thematic tie is the result of a recent announcement that features news of a new joint venture with Bit5ive LLC, a global leader in cryptocurrency mining and innovative turnkey mining solutions.
According to the release, Bit5ive is 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. In addition, Bit5ive is the producer and distributor of POD5 and Power Skid 2.5, the most efficient and successful infrastructure for crypto mining hardware. Bit5ive is quickly becoming one of the largest U.S.-based companies in the cryptocurrency mining and bitcoin farm industry.
This factor pairs up with the company’s recent partnership with Proceso, LLC.
According to company materials, “it is no secret that power supply is a major driving force of businesses. An increased need to power the technology and systems that run our complex world makes renewable energy more important than ever. Knowing the importance of renewable energy, we have partnered with Proceso, LLC. to pursue its interest in creation of high-density processing and mobile datacenters delivering via its network of brokers, partners, suppliers, and clients. We are working towards providing a better alternative to fossil fuels and quality of development currently used in datacenters. With Proceso’s future locations in Houston, Texas, Colorado, and Pennsylvania, we intend to build and power our data centers in these locations with renewable energy. This will help companies lower the cost of power to their clients, including providing hosting and colocation services to various growing industries such as cryptocurrency mining and the gaming industry.”
In other words, this direction is also about more than just cryptocurrency mining, with clear applications to the broad data center and colocation marketplace.
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