ISW Holdings (OTCPK:ISWH) has launched operations at its 200MW Bitcoin mining and hosting project in Southeastern U.S. Partnering with Bit5ive and Bitmain Technologies, ISW powered up the first eight POD5 units at the site; each unit contains 280 mining rigs now actively mining Bitcoin. Once fully completed, the 20MW Phase 1 is expected to generate ~$9M in annualized revenues. Management plans to begin building out Phases 2 thru 10 starting in April, targeting 200MW of power across 200 POD5 units, each driving 280 state-of-the-art mining rigs, by Jan. 2023.
