Jan 15, 2019 6:30 AM
DFI recognizes that controlling electrical costs at the lowest possible rates is key to ensuring long-term success in crypto-mining.
The new partnership represents a natural evolution of DFI’s long-term strategy of securing inexpensive power at more than a 60% reduction of its current cost that will be guaranteed the next 5 years. DFI believes that the reduced power costs will increase the profitability of its mining business and that the partnership will strengthen the foundation of its business by having seasoned professionals manage the partnership’s growth by leveraging the real estate asset that adds over 600,000 sq. ft. of space and the availability of up to 300 MW of power. The real estate is already cash-flow positive and is designed as a multi-use facility supporting computing (enterprise data center and high-density computing) and office and warehouse space.
CEO
DFM will operate the new data center location for the partnership. Both DFI and DFM believe
CEO and Chairman, Milton “Todd” Ault, III said, “Super Crypto Mining, soon to be
For more information, DPW recommends that stockholders, investors and any other interested parties read the Company’s public filings and press releases available under the Investor Relations section at http://www.DPWHoldings.com or available at www.sec.gov.
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Forward-Looking Statements
This press release contains “forward looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the
Contacts:Source:Mary Magnani andKirsten Chapman , LHA Investor Relations, 415.433.3777, dpwholdings@lhai.com