DPW Holdings, Inc. (NYSE American: DPW), a diverse holdings
company, this morning announced that its subsidiary, Super Crypto Mining, has
entered into a revolving loan agreement for up to $2.5 million in connection
with a security agreement granting interest in certain collateral, including
bitcoin. “It is important for each subsidiary to develop its own capital
structure to create flexibility and provide opportunity for expansion,” Milton
“Todd” Ault, III, CEO and chairman of DPW, stated in the news release. “As
Super Crypto continues its plan to increase miners, this line of credit enables
Super Crypto to deploy its assets – bitcoin – to fund growth.” Additional terms
and information relating to the agreement can be found in a Form 8-K filed by
the company on October 3, 2018, with the SEC.
To view the full press release, visit http://ibn.fm/yDK8o
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
About MissionIRNewsBreaks
MissionIRNewsBreaks provide
a rapid summary of corporate news that catch the attention of MissionIR. MissionIRNewsBreaks are created by
our Team of professional journalists that keep a constant eye on the markets,
these posts are designed to inform you on the latest happenings of our clients
and other publicly traded companies on our radar. From earnings, acquisitions
and agreements to conference attendance and clinical study results, our news
breaks keep you up-to-date with the day’s top movers. MissionIR is primarily
focused on strategic communications. We have executed countless communications
programs to address the needs of companies ranging from start-ups to
established industry leaders, gaining valuable experience and the expertise
necessary to determine the most effective strategy for any given situation.
Please see full terms of use and disclaimers on the Mission
Investor Relations website applicable to all content provided by MIR, wherever
published or re-published: http://www.missionir.com/disclaimer.html
