NetworkNewsBreaks – ISW Holdings Inc. (ISWH) Iss
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Posted On: 09/02/2021 4:04:40 PM
NetworkNewsBreaks – ISW Holdings Inc. (ISWH) Issues Update on Name and Symbol Change, Mining Gains and Further Elimination of Convertible Debt
ISW Holdings (OTC: ISWH) (transitioning to “BlockQuarry,” pending name change), a Nevada-based portfolio company with primary commercial-stage operations in cryptocurrency mining, today provided an update to its current and prospective shareholders as the company moves toward several key milestones. These include a corporate name and trading symbol change, maximizing mining performance in Pennsylvania, as well as further cancellations of outstanding convertible debt pursuant to the company’s shareholder-friendly initiative announced in fall 2020. “As we see our mining efficiency begin to approach optimum levels for our current capacity, we are making strides toward rebranding our stock to better reflect what we are building here,” said Alonzo Pierce, president and chairman of ISW Holdings. “When we began this pivot last year through our partnership with Bit5ive, we had tremendous conviction in the future role that cryptocurrency would play in the world. At the time, Bitcoin was trading under $10,000. It is now five times that level, with strong future growth potential as the dominoes of institutional and mainstream acceptance continue to tip in our favor. This backdrop has also allowed us to make good on our pledge to systematically eliminate dilution risk along the way.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
ISW Holdings (OTC: ISWH) (transitioning to “BlockQuarry,” pending name change), a Nevada-based portfolio company with primary commercial-stage operations in cryptocurrency mining, today provided an update to its current and prospective shareholders as the company moves toward several key milestones. These include a corporate name and trading symbol change, maximizing mining performance in Pennsylvania, as well as further cancellations of outstanding convertible debt pursuant to the company’s shareholder-friendly initiative announced in fall 2020. “As we see our mining efficiency begin to approach optimum levels for our current capacity, we are making strides toward rebranding our stock to better reflect what we are building here,” said Alonzo Pierce, president and chairman of ISW Holdings. “When we began this pivot last year through our partnership with Bit5ive, we had tremendous conviction in the future role that cryptocurrency would play in the world. At the time, Bitcoin was trading under $10,000. It is now five times that level, with strong future growth potential as the dominoes of institutional and mainstream acceptance continue to tip in our favor. This backdrop has also allowed us to make good on our pledge to systematically eliminate dilution risk along the way.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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