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.”
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About ISW/BlockQuarry Corp.
ISW/BlockQuarry is poised as an emerging disruptor in the crypto asset, hosting, mining and blockchain IP markets. The company 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 Scrubgrass Township, Pennsylvania, Gaffney, South Carolina, and Rutherford and Mooreshead, North Carolina. The company is vertically integrated and maintains a fleet of digital/cryptocurrency mining equipment and infrastructure. Based on current partnerships, agreements and memorandums, the company anticipates future operations that leverage up to 56,840 crypto asset mining computers (“miners”). The company’s hosting and mining operations fleet comprises approximately 300 Bitmain Antminer S17 Pro (“S17 Pro”) miners, approximately 150 Bitmain Antminer S19 (“95T”) miners, approximately 250 Canaan AvalonMiner 1296 Pro (“90T”) miners, and approximately 5,600 series S19 J Pro (“100-110T”) miners per 20 MW of implemented power up to 56,000 S19 J Pro miners for its 200 MW project in partnership with BITMAIN Technologies. At present, the company also retains operations in one segment that predates its strategic pivot into crypto assets because of the continued success of that line of business: Telecare. Telecare is a growing licensed provider of in-home health care services and innovations for communities around the gulf coast region of Texas offering quality, value-based health care to patients within the comfort and privacy of their home or place of residence.
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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