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ISW Holdings, transitioning to BlockQuarry, is advancing its cryptocurrency mining operations in Pennsylvania, aiming for a monthly revenue run rate of $1.5 million. The company anticipates a record-breaking quarter for Q3 2021 and expects significant growth in Q4 as hosting operations ramp up. Management is on track for deploying 20 megawatts of hosting power by the end of October. A name and stock symbol change is pending approval from FINRA. CEO Alonzo Pierce emphasized that upcoming quarters will significantly surpass current performance.
ISW Holdings (OTC: ISWH), soon to be renamed BlockQuarry, announced its participation in the H.C. Wainwright 23rd Annual Global Investment Conference, taking place virtually from September 13-15, 2021. The presentation will be available starting September 13 at 7:00 am ET. President Alonzo Pierce will share insights on the company's growth in cryptocurrency mining, while CEO Robert Colazzo from partner Bit5ive LLC will discuss new projects in the Southeastern US. The event highlights ISW's commitment to expanding its operations, including the ambitious POD-CITY initiative involving significant power capacity.
ISW Holdings, Inc. (OTC: ISWH) announced a significant deal with Bitmain Technologies to enhance its cryptocurrency mining operations. This tripartite agreement involves hosting 200 MW of mining power with an estimated revenue potential exceeding $100 million annually. The initial 20 MW is expected to operational by October 2021, with full capacity achieved by October 2022. The total rollout cost is projected at $62 million, of which $6 million has already been spent. Current operations yield annual revenues between $4.8 million and $6 million, bolstered by the strategic partnerships with Bit5ive and Bitmain.
ISW Holdings, Inc. (OTC: ISWH) is transitioning to 'BlockQuarry' and enhancing its cryptocurrency mining operations. The company has filed for a name and symbol change to better reflect its focus on blockchain infrastructure. In Pennsylvania, mining efficiency has reached 90%, contributing to a target hashrate of 54,000 TH/s. Additionally, ISWH has significantly reduced its convertible debt, eliminating 96% of total liabilities, which now stand at under $750,000. The company aims to cancel more convertible notes, reducing potential shareholder dilution.
ISW Holdings, Inc. (OTC: ISWH) reported significant financial and operational growth for the three months ending June 30, 2021. The company’s net cash skyrocketed by over 2,600% to more than $2.3 million, while total assets soared 2,657% to over $4.9 million. Total liabilities decreased by 58%, with derivative liabilities down 96% to under $750,000. Active cryptocurrency mining operations began in Pennsylvania, with a potential for revenue growth exceeding $10 million monthly once fully operational. Key partnerships with Bitmain and Minerset were also established.
ISW Holdings, Inc. (OTC: ISWH) announces the completion of an asset purchase agreement with Minerset, LLC to acquire 400 cryptocurrency miners, enhancing their operational capacity. This strategic deal includes 150 BitMain S19 miners and 250 Canaan AvalonMiners, representing a $3.8 million investment. The addition boosts total mining operations in Stronghold, Pennsylvania, to 54,000 TH/s. This expansion is expected to drive significant revenue growth in the latter half of 2021, complementing a recent partnership with Bitmain.
ISW Holdings has announced its corporate name change to BlockQuarry Corp. as part of its rebranding strategy aimed at aligning with its operations in the cryptocurrency mining sector. The company has experienced significant milestones in blockchain data mining equipment acquisitions and has expanded its infrastructure, particularly in Georgia. This name change reflects the company's commitment to becoming a leading hosting and mining operator in North America, enhancing its identity in the blockchain marketplace.
ISW Holdings (OTC: ISWH) announced a significant partnership with Bitmain Technologies to launch a cryptocurrency mining hosting operation in Georgia. This Agreement marks Phase One of their initiative, aiming for a 200 MW facility powered by renewable energy. Company President Alonzo Pierce anticipates annual revenues exceeding $200 million once fully operational, signaling potential for exponential revenue growth. Further details on this milestone agreement will be released soon, as both companies look to establish a robust collaboration in the cryptocurrency mining sector.
ISW Holdings, Inc. (OTC: ISWH) has signed a cryptocurrency mining hosting agreement with Bitmain Technologies, aimed at establishing a 200 MW mining facility in Georgia. This agreement marks the first phase of ISW's cryptocurrency operations, with anticipated annual revenues exceeding $200 million upon full utilization. The partnership comes at a time when the global mining landscape is shifting, particularly due to a recent crackdown in China, which has increased demand for hosting services. ISW expects to explore further phases of development in the future.
ISW Holdings Inc. (OTC: ISWH) has released an audio broadcast titled, “North America to Become Crypto-Mining Central Now That China Miners Have Gone Dark.” The company anticipates a significant shift in the cryptocurrency mining landscape following China's crackdown, which is projected to reduce its mining capacity by 90%. This presents an opportunity for North America to dominate the market, leading to potential increases in revenue for miners. ISWH's recent partnership with Bit5ive LLC emphasizes its commitment to sustainable mining practices.
