NEWPORT BEACH, CA, June 18, 2018 (GLOBE NEWSWIRE) -- DPW Holdings, Inc. (NYSE American: DPW) ("DPW" or the "Company"), a diversified holding company, announced today that Coolisys Technologies, Inc. (“Coolisys”) is launching a new line of crypto-mining units, the “SuperMiner” with the first miner model called the “AntEater.” The AntEater features the 10 nanometer (“nm”) mining chipset jointly developed by Samsung/Innosilicon, which has been integrated with Coolisys’ highly-efficient power system. The AntEater is an ASIC Bitcoin crypto-miner designed to operate faster while emitting less heat than any other similarly dedicated miner currently available. Innosilicon and Coolisys are both ISO 9000 certified companies, providing consumers comfort knowing that both companies have met mandated quality and production standards for their respective products and services. Each AntEater has a 1-year service warranty supported by Coolisys’ new service center located in Fremont, CA. This service warranty from Coolisys is twice the length of the average comparable miner warranty. Coolisys anticipates that the AntEater will be available for delivery in four weeks and can be reserved now at www.SuperMiner.com, a division of Super Crypto Mining, Inc.
“It is exciting to see Coolisys deliver to the market one of the most advanced mining solutions available. The industry has been anxious to find an alternative to the Bitmain and Avalon duopolies and we believe the SuperMiner line and the AntEater model will be able to satisfy this market demand,” said Amos Kohn, President, CEO and Chairman of Coolisys Technologies. Mr. Kohn noted, “When we set out with the goal to bring a new generation of Bitcoin miners to market, we wanted to push the envelope and innovate by developing the AntEater based on a 10nm chip because it was the newest technology available with promising advantages. We thank the Samsung/Innosilicon development team for making this technology available and we look forward to delivering other products featuring Samsung’s latest technology.”
The new SuperMiner line and, including the AntEater, is equipped with advanced dynamic frequency and temperature scaling for reliable performance under virtually all conditions. The 10nm mining chip in the AntEater is based on Samsung’s System-on-Chip high-performance computing technology which provides the world’s most efficient ASIC cryptocurrency mining design, with the AntEater operating at 17.2TH/s. “It has been our goal to enter the cryptocurrency mining market, to compete head to head with Bitmain and Avalon, and look to providing innovation in miners and advances in technology serving the crypto-mining sector,” stated Mr. Kohn.
ABOUT DPW HOLDINGS, INC.
Headquartered in Newport Beach, CA, DPW Holdings, Inc. (www.DPWHoldings.com), is a diversified holding company with a growth strategy of acquiring undervalued assets, disruptive technologies, sustainable solutions, and exciting ventures for incubation and development to their full potential for long-term growth and investor returns.
DPW, through its wholly-owned subsidiary, Coolisys Technologies, Inc., is dedicated to providing world-class technology-based solutions for critical applications and lifesaving services, in which innovation is the main driver. Coolisys serves the defense, aerospace, naval, homeland security, medical, telecom, datacom, and industrial markets. Its growth strategy targets core markets that are characterized by “high barriers to entry” and that require specialized products and services that are not likely to be commoditized. Through its portfolio companies, Coolisys develops and manufactures cutting-edge switching power products and power solutions utilizing its customized digital power management and resonant topology to achieve the highest efficiency and highest density power converters and inverters; specialized complex airborne high-frequency, radio frequency (RF), and microwave detector-log video amplifiers (DLVA); very high-frequency filters; and naval power conversion and distribution equipment. Coolisys provides its technology and services through its three primary groups: the Power Solutions Group (PSG); the Defense and Aerospace Solutions Group (DSG); and the Advanced Service Industries (ASI) Group. Coolisys manages five divisions, including Digital Power Corporation, www.DigiPwr.com, a leading provider of power electronics technology based in Northern California; Digital Power Limited dba Gresham Power Ltd., www.GreshamPower.com, a designer and manufacturer of power distribution systems primarily for Naval use based in Salisbury, UK; Microphase Corporation, www.MicroPhase.com , a designer and manufacturer of microwave electronics technology based in Shelton, CT; Power-Plus Technical Distributors, www.Power-Plus.com, a value-added distributor based in Sonora, CA; and Enertec Systems, a developer and manufacturer of specialized advanced electronic systems for the defense and aerospace sectors based in Karmiel, Israel.
Digital Power Lending, LLC, www.DigitalPowerLending.com, a wholly owned subsidiary of the Company, is based in Fremont, CA, and is a California private lending company operating under Financial Lender’s License ##60DBO-77905 dedicated to strategically providing capital to small and middle size businesses for an equity interest in addition to loan fees and interest. Super Crypto Mining, Inc. www.SuperCryptoMining.com is a wholly-owned subsidiary of the Company, is based in Fremont CA that leverages its engineering expertise and existing locations to create crypto currency mining facilities across the globe. Super Crypto Mining, Inc. operates the branded divisions, Super Crypto Power, www.SuperCryptoPower.com and Super Miner, www.SuperMiner.com. Excelo, LLC, www.Excelo.com, a wholly-owned subsidiary of the Company, is a national search firm specializing in fulfilling strategic executive, professional and hi-tech placements for businesses delivering world-class services. DPW Holdings, Inc.’s headquarters is located at 201 Shipyard Way, Suite E, CA 92663; www.DPWHoldings.com. For Investor inquiries: IR@DPWHoldings.com or 1-888-753-2235.
Forward-Looking Statements
The foregoing 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, including statements regarding the acquisition and the ability to consummate the acquisition. 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 U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8-K. All filings are available at www.sec.gov and on the Company’s website at www.DPWHoldings.com.
###