DPW Holdings (NYSE American: DPW) this morning announced
that Super Crypto Mining, Inc., its wholly owned indirect subsidiary, is
changing its name to Digital Farms Inc. (“DFI”). Concurrent with the name
change, DFI intends to enter into a new partnership with Digital Farms
Management, LLC, a company with deep experience in the data center development
and management sector and real estate markets. According to the update, the
partners plan to purchase a Michigan-based data-center and leverage the many
positive attributes of the real estate asset. The move represents DFI’s
dedication to its long-term strategy to control low electric costs, which it
understands is key to ensuring long-term success in crypto-mining, and will
provide power at over a 60 percent reduction of its current cost over five
years. “This new partnership demonstrates our focus on finding the lowest
possible electrical costs in order to maximize profits and create future
opportunities for growth within the blockchain environment,” CEO Darren Magot
stated in the news release. “We are looking forward to working with the
experienced team at Digital Farms Management as we execute on our goals for
future growth in the blockchain and data center space.”
To view the full press release, visit http://ibn.fm/IWwXT
About DPW Holdings, Inc.
DPW Holdings, Inc. is a diversified holding company pursuing
growth by acquiring undervalued businesses and disruptive technologies with
global impact. Through its wholly owned subsidiaries and strategic investments,
the company provides mission-critical products that support a diverse range of
industries, including defense/aerospace, industrial, telecommunications,
medical, crypto-mining, and textiles. In addition, the company owns a select
portfolio of commercial hospitality properties and extends credit to select
entrepreneurial businesses through a licensed lending subsidiary. For more
information, visit the company’s website at www.DPWHoldings.com
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