ISW Holdings (OTC: ISWH), a Nevada-based portfolio company with primary commercial-stage operations in cryptocurrency mining that is in the process of changing its name to BlockQuarry, has reported key financial date for the three and nine months ended Sept. 30, 2021. Highlights for the period include revenues from operations for the three-month period totaling $1.075 million including deferred revenues, which is a 2,435% increase on a year-over-year basis, and net revenues excluding deferred revenues for the same period grew 579%. Net revenues excluding deferred revenues for the nine-month period grew 185% on a year-over-year basis, with the reported net cash of $2.8 million representing a 3,100% increase year to date. ISWH total assets reached $9.56 million, a 5,263% year to date increase with total liabilities decreasing 73% and total derivative liabilities decreasing 98% to under $340,000. The company also reported operational highlights, including significant progress on the build-out and deployment of the first 20 MW of southeastern U.S. project, which will pair 56,000 mining rigs with 200 MW of power. “Q3 was a landmark quarter in company history,” said ISW Holdings president and chair Alonzo Pierce in the press release. “We switched on our mining fleet and saw our first substantial mining and hosting revenues hit the books. We also broke ground on our massive cryptocurrency hosting infrastructure and nearly finished the phase 1 build-out to deploy the first 20 MW to on-site pods. In the process, we have seen a huge growth in the tangible value of the company, as assets grew considerably while we continued our campaign to stamp out dilution risk through elimination of toxic notes and strict adherence to financing through a combination of cash from operations and nontoxic funding sources. As a result, we were in the best overall shape in our history coming into Q4, which is set to deliver on a much larger scale into year end.”
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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; Rutherford, North Carolina; and Mooreshead, North Carolina. ISW/BlockQuarry is vertically integrated and maintains a fleet of digital/cryptocurrency mining equipment and infrastructure. Based on its current partnerships, agreements and memorandums, the company anticipates future operations that leverage up to 56,840 crypto asset mining computers (miners). ISWH’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. The company also currently retains operations in telecare, a segment that predates its strategic pivot into crypto assets. Telecare is a growing licensed provider of in-home healthcare services and innovations for communities around the Gulf Coast region of Texas, offering quality, value-based healthcare to patients within the comfort and privacy of their homes or places of residence. For more information about the company, please visit 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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