Diverse holdings company DPW Holdings (NYSE American: DPW)
this morning announced that the historic hydroelectric dam in Valatie Falls,
New York will become operational in the fourth quarter of 2018 to serve as a
renewable power source for a cryptocurrency mining farm to be built and
operated by DPW’s wholly-owned Super Crypto Mining subsidiary. Super Crypto
Mining intends to build the new cryptocurrency mining farm at the site using
its proprietary AntEater™ miner. “Our successful repurposing of Valatie Falls
dam to provide clean, low-cost, renewable power to Super Crypto’s future
co-located mining farm is another important step in our strategy to create an
economically viable, self-sustaining cryptocurrency mining business. This
project provided a unique opportunity for DPW subsidiaries to collaborate and
innovate to create a new model for cryptocurrency mining, for which electricity
is by far the largest operational cost factor. Our power solution engineers at
Coolisys Technologies, Inc. worked closely with our cryptocurrency mining
engineers and with Valatie Falls Hydro, LLC’s hydroelectric engineers to
upgrade and retrofit the Valatie Falls dam for this exciting new phase of its
long-lived operation. We look forward to bringing this innovative new facility
fully on-line during the fourth quarter of 2018,” DPW Holdings CEO and Chairman
Milton “Todd” Ault, III stated in the news release.
To view the full press release, visit http://ibn.fm/tyub5
About DPW Holdings, Inc.
Headquartered in Newport Beach, California, DPW Holdings,
Inc. is a diversified holding company pursuing a growth strategy of acquiring
undervalued assets and disruptive technologies with a global impact. The
company invests in diverse industries within the commercial, defense/aerospace,
industrial, communication, medical, crypto-mining, hospitality, textile and
corporate investment/lending sectors. DPW has evolved and grown from being a
leader in advanced power products. Through its subsidiaries, the company
continues to be a leader and supplier of innovative technologies, advanced
design and development services, and state-of-the-art power products and
solutions. For more information, visit the company’s website at www.DPWHoldings.com
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