For a number of reasons investors understand volatility is part and parcel to cryptocurrency investing. For , the most popular of all digital currencies, a finite supply and the nascency of the market are key contributors to volatility that can test a small-retail investor’s resolve. The reality is that volatility is not a bad thing—in fact, it is rather instrumental in the making of any market. Bitcoin set a new high record of $68,978 a month ago. This led to the cryptocurrency market surpassing $3 trillion in value for the first ever time. Companies are continuing to invest in and innovate against that background, seeking out ways to mine Bitcoin more efficiently and increase margins through technology, scale and other methods. ISW Holdings Inc.(OTCPK : ISWH.) Profile is active in expanding both of its segments as it emerges as one the most important hosting and mining providers for North American digital currencies. There have been many positive developments in cryptocurrency, with companies like Marathon Digital Holdings Inc. (NASDAQ: MARA), CleanSpark Inc. (NASDAQ: CLSK), Riot Blockchain Inc.(NASDAQ:NASDAQ.com:) Bitfarms Ltd.NASDAQ (BITF), continues to lead the charge.

• Phase 1 of ISW Holdings’ Pod City is nearly complete as part of a larger complex that will pair 56,000 Bitcoin miners to 200 megawatts of power.
• ISWH can use the opportunity areas that lie at its center, allowing power and infrastructure to generate revenue and cash flow.
• ISWH actively adds to its asset pool, which saw an increase of 550 miners during Q3. It also generated $1.075million in Q3.
• Once Pod City runs at its maximum capacity, the company expects to generate nearly $7 million annually through hosting deals.

Power: The Problem

The people or companies who earn bitcoin by solving complex algorithms and creating new blocks of information that is added to the worldwide decentralized ledger, known as the Blockchain. Due to its centralization, the blockchain is considered indestructible. The blockchain has every block dependent on the other blocks for continuity. Therefore, any change to one block will immediately raise a red flag to all of them.

Each crypto miner has to deal with the same problem: high power consumption. Banks of computer solving algorithms use huge amounts of energy, so companies are trying to cut costs wherever possible. The Bitcoin industry consumes approximately 91 trillion kWh of electricity each year. This is just to give you an idea of the cost. That’s more than the entire country of Finland.

ISW Holdings Inc.,BlockQuarry is currently undergoing a name-change to ISWH. It is a Nevada-based portfolio business that specializes in crypto mining. ISWH’s flagship asset is the Pod City complex. When completed, it will combine 200 megawatts of power and 56,000 cryptocurrency mining rigs. ISWH provides hosting services and all of the equipment needed to help clients enter the crypto mining industry.

To move the project forward, ISW Holdings partnered with some of the biggest names in the business, including the world’s leading producer of cryptocurrency mining hardware and Bit5ive, a leading global cryptocurrency mining firm. ISWH joined Bit5ive to develop and deliver a highly efficient, high-performance data center pod design. The Pod4 and Pod5 datacenters, which ISWH brands as BloqPod, were the result, which explains the inaugural project’s name.

ISWH has seen significant progress in the Pod City project, which is generating more revenue than it did last year. ISW Holdings is at a point where its power and infrastructure are equal to revenue and cashflow. ISW Holdings can then take advantage of the potential zones that have been the core of their success in hosting and mining.

Complete Phase 1 of the Project is in Progress

In the grand scheme of things, ISWH probably couldn’t have picked a more challenging time to construct Pod City, with the COVID-19 pandemic striking only months after the Bit5ive joint venture, causing global supply chains to grind to a halt. BloqPods are a turnkey 40-foot ISO modular container that can hold 1+ MW crypto mining power. Each component is sourced from all over the globe and made in America. BloqPods are equipped with 28,000 TH/s Antiminer S19J mining machines and the potential to mine 0.1576 BTC daily. At $50,000 BTC, that’s $7,880 per pod per day. At 200 pods, that’s $1.58 million daily, or $575.24 million annually.

Despite all the headwinds, Pod City has moved forward at a remarkable pace, which speaks volumes about ISWH’s partners and access to infrastructure development and mining equipment. The company announced earlier in the month that the first phase of the project was almost complete. This phase consists of infrastructure construction to provide 20 MW power for self-contained cryptocurrency mining devices. According to the company, all 56,000 miners will be connected to 200 MW power by Q4 2022.

In the Zone of Opportunity

Speaking about phase 1, Larry Sossamon, president of Sossamon Construction Co. which is working with Bit5ive to build Pod City, commented that the project will “create many new jobs and new opportunities in the area.” The company looks to capitalize on federal incentives to invest in distressed areas in the United States, dubbed “opportunity zones.” The purpose is to spur economic growth and job creation in low-income communities while providing tax benefits to investors, a win-win for all involved.

To the point of governments, ISWH’s relationships with municipalities is part-and-parcel to the success of its projects. You should consider that efficiency and the design of pods can overcome three major barriers in entry to the BTC mining market: energy, storage, and equipment. ISWH and Bit5ive can access low-energy rates through partnerships that allow them to operate economically.

Higher revenue reported ahead of Pod City launch

These developments are creating revenue and cash flow that will support growth in 2022 with Pod City, other mining and hosting operations. ISWH’s Q3 revenue (including deferred income) was $1.075 Million, an increase of 2,435% year-over-year. That didn’t include a full three months of 550 new miners acquired from Minerset, 150 of which came as a result of IWSH meeting stock performance milestones. Total assets increased 5.263% over the previous year to $9.56million. However, total liabilities declined 73% and total derivative liabilities dropped 98% to less than $340,000.

ISWH’s ability to get more miner up-and-running will continue to boost revenue and cash flow. Bitmain Antminer S17s are currently being used by the company. BitMain S1995TH/s is also part of this mix. Canaan Avalons can be found running in Bit5ive’s POD5 units. These units can generate an annual revenue of $6 million based on their hashrate capacities and three-month average trailing Bitcoin pricing.

Looking ahead, revenue at Pod City will be comprised of hosting service fees, which aren’t contingent upon cryptocurrency pricing. When the company is at its full potential, it expects that the annual revenue will exceed $7 million. That’s a huge improvement over current capacities and with the advantage of being recurring under service contract contracts.

Mining to Get Something Better Than Gold

Bitcoin prices continue to rise and escalate, yet there are still many people involved in cryptocurrency. There are many ways to see the appetite, such as a CNBC poll showing that over one in ten people now invest in cryptocurrency. Companies are constantly pushing news to increase market growth from a corporate standpoint.

EMAIL NEWSLETTER

You can also join the crypto-verse

Upgrade your inbox and get our DailyCoin editors’ picks 1x a week delivered straight to your inbox.

[contact-form-7]
It takes just 1 click to unsubscribe.

Continue reading on DailyCoin