$ISWH ISW Holdings Provides Corporate Update: Mini
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Posted On: 12/09/2021 12:59:33 PM
$ISWH ISW Holdings Provides Corporate Update: Mining Revenues Ahead of Expectations, Phase One Set to Switch On
https://www.globenewswire.com/news-release/20...ch-On.html
LAS VEGAS, Dec. 09, 2021 (GLOBE NEWSWIRE) -- via InvestorWire -- ISW Holdings, Inc. (OTC: ISWH) (“ISW Holdings” or the “Company”, transitioning to “BlockQuarry”, pending name change), a Nevada-based portfolio company with primary commercial-stage operations in Cryptocurrency Mining, is pleased to provide this update for current and prospective shareholders as the Company heads into the end of a tremendous year of growth ahead of what promises to be a game-changing year in 2022.
Mining Performance. As we approach year-end, the Company’s revenue run rate from its own cryptocurrency mining operations has begun to exceed internal and publicly stated expectations. The Company will provide more details on this in the near future.
Southeastern U.S. Project. Phase One of the Company’s Southeastern U.S. project to pair 56,000 mining rigs with 200 megawatts of power is about to go live, which will activate 20 MW of power deployed to self-contained cryptocurrency mining Pods. The timeline for this activation was delayed relative to expectations due to supply chain bottlenecks for key equipment items. However, final deliveries are arriving over coming days.
Further Expansion. Following the full deployment and activation of all 200 MW of power at the Company’s Southeastern U.S. project, ISW will have the opportunity to increase its facility to 500 MW of power, allowing for a significant expansion in hosting and mining potential. This opportunity ties into the Company’s S-1 Filing process.
“Filing the S-1 was an integral step as we continue to work toward an uplisting to the Nasdaq exchange,” stated Alonzo Pierce, President and Chair of ISW Holdings. “We are on the verge of activating our Phase One hosting operations, and we expect Phase Two to move rapidly on the heels of that transition. Once we have the entire 200 MW fully deployed, we will have the opportunity to push the ceiling considerably higher. We are also very pleased at the results coming in from Pennsylvania, where our mining efficiency has exceeded expectations.”
https://www.globenewswire.com/news-release/20...ch-On.html
LAS VEGAS, Dec. 09, 2021 (GLOBE NEWSWIRE) -- via InvestorWire -- ISW Holdings, Inc. (OTC: ISWH) (“ISW Holdings” or the “Company”, transitioning to “BlockQuarry”, pending name change), a Nevada-based portfolio company with primary commercial-stage operations in Cryptocurrency Mining, is pleased to provide this update for current and prospective shareholders as the Company heads into the end of a tremendous year of growth ahead of what promises to be a game-changing year in 2022.
Mining Performance. As we approach year-end, the Company’s revenue run rate from its own cryptocurrency mining operations has begun to exceed internal and publicly stated expectations. The Company will provide more details on this in the near future.
Southeastern U.S. Project. Phase One of the Company’s Southeastern U.S. project to pair 56,000 mining rigs with 200 megawatts of power is about to go live, which will activate 20 MW of power deployed to self-contained cryptocurrency mining Pods. The timeline for this activation was delayed relative to expectations due to supply chain bottlenecks for key equipment items. However, final deliveries are arriving over coming days.
Further Expansion. Following the full deployment and activation of all 200 MW of power at the Company’s Southeastern U.S. project, ISW will have the opportunity to increase its facility to 500 MW of power, allowing for a significant expansion in hosting and mining potential. This opportunity ties into the Company’s S-1 Filing process.
“Filing the S-1 was an integral step as we continue to work toward an uplisting to the Nasdaq exchange,” stated Alonzo Pierce, President and Chair of ISW Holdings. “We are on the verge of activating our Phase One hosting operations, and we expect Phase Two to move rapidly on the heels of that transition. Once we have the entire 200 MW fully deployed, we will have the opportunity to push the ceiling considerably higher. We are also very pleased at the results coming in from Pennsylvania, where our mining efficiency has exceeded expectations.”
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