Phase One Set to Switch On

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…