DPW Holdings Marks Milestone, Reduces Debt Leveraging Bitcoin NYSE:DPW

NEWPORT BEACH, CA, June 08, 2018 (GLOBE NEWSWIRE) — DPW Holdings, Inc. (NYSE American: DPW) (“DPW” or the “Company“), a diversified holding company, announced today that it has used Bitcoin, the cryptocurrency its subsidiary Super Crypto Mining, Inc., or SCM, has mined through its operations, to reduce the Company’s debt, marking a milestone for the Company and possibly the use of Bitcoin on a commercial basis. SCM actively mines the cryptocurrency, Bitcoin, and, since late 2017 has held its inventory of Bitcoin as one of its long term operational and investment strategies. DPW incurred new debt recently to support the purchase of Enertec Systems 2001 Ltd. (“Enertec”), a 22-year-old private company, by another of its subsidiaries, Coolisys Technologies, Inc. Enertec is Israel’s largest private developer and manufacturer of specialized electronic systems for the aerospace and defense markets. Enertec generated over $8 million in annual revenue for its fiscal year ended…