As news about the Omicron version spread throughout the globe, global markets plunged. However, cryptocurrency began to recover some of their composure in the new year. The demand and price of cryptocurrencies in the immediate term remain tied to the newly detected Covid variant and its potential to impact on the Federal Reserve’s monetary policy. According to The World Health Organization, as more countries report cases, there is a “very high” global risk of surges, although scientists have said it could take weeks to understand its severity. The top cryptocurrency in market value was ETH on Monday. This represented an 8.8% increase over Sunday’s low of USD 53.359 (late on Sunday). ISW Holdings Inc. (OTC: ISWH), BIT Mining Limited (NYSE: BTCM), Canaan Inc. (NASDAQ: CAN), Marathon Digital Holdings, Inc. (NASDAQ: MARA), Coinbase (NASDAQ:) Global, Inc. (NASDAQ: COIN)

Overall, crypto currencies continue to gain strength and expand their presence in many sectors. Coinbase is a publicly traded exchange that allows crypto trading. The NBA signed its first-ever cryptocurrency sponsorship agreement with Coinbase in October. According to a report by CNBC, the agreement indicates that Coinbase will leverage just about all the NBA’s platforms including the WNBA, NBA G League, NBA 2K League and USA Basketball. Coinbase and NBA reached the agreement shortly after Adam Silver (the league commissioner) stated that USD 10 Billillion is projected in league revenues for 2021-22. This is due to the popularity of NBA arenas. These venues account for approximately 40% of revenue. IEG valuation estimates that sponsorships contributed about USD 1.45 Billion to the league’s revenue last season.

ISW Holdings Inc. (OTC: ISWH), transitioning to “BlockQuarry,” pending name change, announced breaking news earlier this month regarding, “the filing of the Company’s financial performance data for the Three and Nine Months ended September 30, 2021.

Financial Highlights for the Three- and Nine-Months Ending September 30, 2021

• The Three Months Ended Sep 30 saw operations revenues of $1.075 Million (includes deferred revenue), an increase of 2,435% year-over-year
• The Net Revenues, excluding deferred revenue for the three months ended September 30, grew by 579% year-over-year
• For the nine months ended September 30, net revenue (excluding deferred revenues), grew 185% annually
• To date, Net Cash has increased more than 3,100% to $2.8 Million
• To date, Total Assets have increased by 5,263% to $9.56 Million
• Total liabilities declined 73% while total derivative liabilities fell 98%, to less than $340k

The Operational Highlights of the Three Months Ended September 30, 2020

• First quarter results in significant mining operations exceeded internal expectations
• Additional $1.7 Million in Bitmain Miners Bonus from Minerset
• Continued elimination of dilution risks through aggressive reductions in outstanding convertible notes
• Total assets reached nearly $10 million
• Near completion of Phase 1 of the Southeastern U.S. Project to couple 56,000 mining equipment with 200 MW power

The three months ended September 30 exceeded management expectations for growth in the Company’s assets due to positive gains from mining operations as well as greater than anticipated expansion in equipment.

This was primarily due to the triggering of a performance incentive clause in the Company’s agreement with Minerset, LLC that granted the Company an additional 150 Bitmain S19 95TH/s state-of-the-art miners carrying a market value of approximately $1.7 million.

“Q3” was an important quarter in Company History.
Alonzo Pierce was the President and Chairman at ISW Holdings.

“We turned on our mining fleet, and we saw our first significant mining and hosting revenue hit the books. Our massive cryptocurrency hosting infrastructure was also launched and we are close to completing phase 1. This will allow us to install the 20 MW of on-site pods. As assets have grown significantly, the Company has seen an enormous increase in its tangible value. We also continued our campaign against dilution by eliminating toxic notes, strict financing requirements, including a mix of cash from operations as well as non-toxic funding sources, and we continue to fight for elimination of toxicity risk. We were therefore in one of the most stable periods in our history, coming into quarter four. This is expected to continue into year end.

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