Released today by street insider.
ISW Holdings (OTC US:ISWH) is the "new kid on the blockchain" with huge growth starting to emerge over the past year seemingly out of nowhere. The stock is also clearly the hottest in the space over the past several months as the crowd starts to find it down on the OTC. We would also note that the company has recently made statements hinting toward an uplist onto the Nasdaq given its recent jump in revenues and forward outlook.
Overall, shares have more than tripled in the past month as the company nails down game-changing partnerships including its landmark deal with Bitmain - probably the most important crypto company in the world - as announced in July.
ISW Holdings (OTC US:ISWH) hit another key benchmark recently as it surpassed agreed upon milestones related to the performance of its common stock price, allowing it to receive an additional 150 Bitmain S19 95TH/s miners from Minerset, a Delaware LLC, due to negotiated terms in its asset purchase agreement announced in August.
The company can trigger another milestone with further gains, creating a potential positive feedback loop as its shares move higher, boosting its mining capacity with no additional financial draw on cash reserves.
"This contract was a win for both companies: We didn't have to part with $3.8 million in cash and Minerset was able to quickly move its inventory," noted its president, Alonzo Pierce. "With the appreciation of our stock price, both companies have already been amply rewarded for this partnership."
ISW Holdings (OTC US:ISWH) Pierce also noted in a recent release that the company's Q3 and Q4 data were on a very encouraging glide path: "We will unquestionably log our best quarter in Company history - by a wide margin - when the books close at the end of the month [of September]. But that will likely be dwarfed by what rolls in over coming quarters. We have made a few final adjustments and updates that are being implemented right now that will take us to full capacity in terms of achievable hashrate in Pennsylvania. That will bring us to a topline run-rate of approximately $1.5 million per month, which may double again beginning midway through the fourth quarter as we begin to ramp up hosting revenues."
