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://nnw.fm/sIri2
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
More from NetworkNewsBreaks
About NetworkNewsWire
NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
To receive instant SMS alerts, text STOCKS to 77948
For more information please visit https://www.NetworkNewsWire.com
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
[email protected]