- Company reports revenue run rate has begun to exceed internal and publicly stated expectations
- Phase one of ISWH’s Southeastern U.S. project to pair 56,000 mining rigs with 200 megawatts of power is slated to go live
- ISWH is poised as an emerging disruptor in the crypto asset, hosting, mining and Blockchain IP markets
ISW Holdings (OTC: ISWH), a global brand-management holdings company with commercial operations in renewable energy cryptocurrency, reported year-end remarkable growth for the company. ISWH management also said 2022 will be “game changing” (https://ccw.fm/xNP9R).
ISW Holdings, which is expecting to change its name to BlockQuarry, “is pleased to provide [an] 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.” The update included an overview of the company’s mining performance, the status of its Southeastern U.S. Project, and a summary of the company’s expansion plans.
“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 report noted. In addition, the report noted that phase one of ISWH’s Southeastern U.S. project to pair 56,000 mining rigs with 200 megawatts of power is slated to go live, which has begun to “activate [the initial] 20 MW of power deployed to self-contained cryptocurrency mining pods.” The project had faced some delays because of supply chain issues, but final deliveries are on the way.
In addition, the company reported, “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 [operations] to 500 MW of power, allowing for a significant expansion in hosting and mining potential.”
ISWH is poised as an emerging disruptor in the crypto asset, hosting, mining and Blockchain IP markets. “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,” said ISW Holdings president and chair Alonzo Pierce. “Once we have the entire 200 MW fully deployed, we will have the opportunity to push the ceiling considerably higher.”
ISWH focuses on hosting and mining Bitcoin with eyes on new IP in crypto and blockchain, and currently leases and operates renewable energy power generation facilities in South Carolina and North Carolina. This year the company anticipates future operations that leverage up to 56,840 crypto asset mining computers with a hosting and mining operations fleet made up of an estimated 300 Bitmain Antminer S17 Pro (S17 Pro) miners, 150 Bitmain Antminer S19 (95T) miners, 250 Canaan AvalonMiner 1296 Pro (90T) miners and 5,600 series S19 J Pro (100-110T) miners per 20 MW of implemented power.
For more information, visit the company’s website at www.ISWHoldings.com.
NOTE TO INVESTORS: The latest news and updates relating to ISWH are available in the company’s newsroom at http://ccw.fm/ISWH
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