NetworkNewsBreaks – ISW Holdings Inc. (ISWH) Iss
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Posted On: 12/09/2021 2:22:00 PM
NetworkNewsBreaks – ISW Holdings Inc. (ISWH) Issues Corporate Update on Tremendous Year of Growth, Eyes Game-Changing 2022
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 for current and prospective shareholders. Among the highlights, the company reported that its revenue run rate from its own cryptocurrency mining operations has begun to exceed internal and publicly stated expectations. In addition, phase one of the company’s Southeastern U.S. project to pair 56,000 mining rigs with 200 megawatts of power will soon go live, which will activate 20 MW of power deployed to self-contained cryptocurrency mining pods. Following full deployment and activation of all 200 MW of power at the company’s Southeastern U.S. project, ISWH will have the opportunity to increase its facility to 500 MW of power. The opportunity, which will allow for a significant expansion in hosting and mining potential, 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,” said 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.”
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 for current and prospective shareholders. Among the highlights, the company reported that its revenue run rate from its own cryptocurrency mining operations has begun to exceed internal and publicly stated expectations. In addition, phase one of the company’s Southeastern U.S. project to pair 56,000 mining rigs with 200 megawatts of power will soon go live, which will activate 20 MW of power deployed to self-contained cryptocurrency mining pods. Following full deployment and activation of all 200 MW of power at the company’s Southeastern U.S. project, ISWH will have the opportunity to increase its facility to 500 MW of power. The opportunity, which will allow for a significant expansion in hosting and mining potential, 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,” said 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.”
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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