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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