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BlockQuarry Provides Update on 2021 and 2022 Growth Projections Following FINRA-Approved Name and Symbol Change
BlockQuarry Provides Update on 2021 and 2022 Growth Projections Following FINRA-Approved Name and Symbol Change
BlockQuarry's next-gen POD 5
Interior of a BlockQuarry 20 MW next-gen POD 5 container equipped with secure servers.Next-gen POD 5 container
Exterior of BlockQuarry's next-gen POD 5 container, which can be mobilized and relocated at any time.HOUSTON, April 05, 2022 (GLOBE NEWSWIRE) -- via InvestorWire -- BlockQuarry Corp, (OTC: BLQC) ("BlockQuarry" or the "Company"), formerly known as ISW Holdings, a Texas-based company with primary commercial-stage operations in cryptocurrency mine hosting and self-mining in the Southeast United States, is excited to provide the following update to its current and prospective shareholders as the Company scales cryptocurrency mining operations following the granting of its corporate name and stock symbol change by FINRA.
As recently announced, the Company has begun implementing its 200-megawatt ("MW") project in Gaffney, South Carolina, deploying the first 20 MW next-gen POD 5 containers equipped with secure servers that can be mobilized and relocated at any time.
"Our December Q report isn't out yet, but we are looking for annual 2021 revenues topping $1.06 million, which comes in well above our projections from midyear and represents nearly 1,900% growth over our 2020 topline," stated Alonzo Pierce, president and chair of BlockQuarry. "While we suspected our December revenues to level out a bit as a consequence of moving our self-mining facility from Pennsylvania to our Southeastern U.S. location, we effectively minimized the impact of that transition and enter April with tremendous momentum."
At present, and as covered in recent Company updates, BlockQuarry, Bit5ive, LLC ("Bit5ive") and Bitmain Technologies Ltd. ("BITMAIN") are managing and hosting partners in Gaffney. The partners delivered and deployed 20 MW of built-out mining infrastructure before the end of March 2022, as previously projected. The project has been scaling up mining activity on a daily basis and will soon represent the largest cryptocurrency mining operation in the region.
The Company plans to expand by an additional 80 MW in phase 2 to bring its total capacity to 100 MW, which management believes will continue on to eventually reach 200 MW driven by 56,000 new ASIC rigs.
About BlockQuarry
BlockQuarry focuses on cryptocurrency mine hosting and self-mining operations at a leased property located in Gaffney, South Carolina. BlockQuarry also maintains a fleet of digital/cryptocurrency mining equipment and infrastructure.
Forward-Looking Statements
This press release may contain forward-looking statements that involve risks and uncertainties. These statements relate to future events or our future financial performance. In some cases, you can identify forward-looking statements by terminology including "could," "may," "will," "should," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential" and the negative of these terms or other comparable terminology. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested in this report. Except as required by applicable law, we do not intend to update any of the forward-looking statements so as to conform these statements to actual results. Investors should refer to the risks disclosed in the Company's reports filed from time to time with OTC Markets.
Corporate Communications
IBN (InvestorBrandNetwork)
Los Angeles, California
310.299.1717 Office
Editor@InvestorBrandNetwork.com
Attachments
- BlockQuarry's next-gen POD 5
- Next-gen POD 5 container
BlockQuarry's next-gen POD 5
BlockQuarry的下一代POD 5
Next-gen POD 5 container
新一代POD 5容器
HOUSTON, April 05, 2022 (GLOBE NEWSWIRE) -- via InvestorWire -- BlockQuarry Corp, (OTC: BLQC) ("BlockQuarry" or the "Company"), formerly known as ISW Holdings, a Texas-based company with primary commercial-stage operations in cryptocurrency mine hosting and self-mining in the Southeast United States, is excited to provide the following update to its current and prospective shareholders as the Company scales cryptocurrency mining operations following the granting of its corporate name and stock symbol change by FINRA.
休斯顿,2022年4月5日(环球社)--通过InvestorWire--BlockQuarry Corp(场外交易代码:BLQC)(前身为ISW Holdings),前身为ISW Holdings,一家总部位于得克萨斯州的公司,在美国东南部拥有加密货币矿托管和自采的主要商业阶段业务,随着公司在FINRA批准其公司名称和股票代码变更后扩大加密货币开采业务,该公司兴奋地向其现有和潜在股东提供以下最新情况。
As recently announced, the Company has begun implementing its 200-megawatt ("MW") project in Gaffney, South Carolina, deploying the first 20 MW next-gen POD 5 containers equipped with secure servers that can be mobilized and relocated at any time.
正如最近宣布的那样,该公司已开始在南卡罗来纳州加夫尼实施其200兆瓦(“MW”)项目,部署了第一批20兆瓦的下一代POD 5集装箱,配备了安全的服务器,可以随时移动和重新定位。
"Our December Q report isn't out yet, but we are looking for annual 2021 revenues topping $1.06 million, which comes in well above our projections from midyear and represents nearly 1,900% growth over our 2020 topline," stated Alonzo Pierce, president and chair of BlockQuarry. "While we suspected our December revenues to level out a bit as a consequence of moving our self-mining facility from Pennsylvania to our Southeastern U.S. location, we effectively minimized the impact of that transition and enter April with tremendous momentum."
BlockQuarry总裁兼董事长阿隆佐·皮尔斯表示:“我们12月份的季度报告尚未出炉,但我们预计2021年的年收入将超过106万美元,远高于我们从年中开始的预测,比2020年的收入增长近1900%。”虽然我们怀疑,由于将自采设施从宾夕法尼亚州迁至美国东南部,我们12月份的收入将略有持平,但我们有效地将过渡的影响降至最低,并以巨大的势头进入4月份。
At present, and as covered in recent Company updates, BlockQuarry, Bit5ive, LLC ("Bit5ive") and Bitmain Technologies Ltd. ("BITMAIN") are managing and hosting partners in Gaffney. The partners delivered and deployed 20 MW of built-out mining infrastructure before the end of March 2022, as previously projected. The project has been scaling up mining activity on a daily basis and will soon represent the largest cryptocurrency mining operation in the region.
目前,正如最近的公司更新所述,BlockQuarry、Bit5ve、LLC(“Bit5ve”)和Bitmain Technologies Ltd.(“BITMAIN”)是Gaffney的管理和托管合作伙伴。合作伙伴如先前预测的那样,在2022年3月底之前交付和部署了20兆瓦的已建成采矿基础设施。该项目每天都在扩大采矿活动,不久将成为该地区最大的加密货币开采行动。
The Company plans to expand by an additional 80 MW in phase 2 to bring its total capacity to 100 MW, which management believes will continue on to eventually reach 200 MW driven by 56,000 new ASIC rigs.
该公司计划在第二阶段再扩大80兆瓦,使其总装机容量达到100兆瓦,管理层相信,在56,000个新的ASIC钻机的推动下,最终将达到200兆瓦。
About BlockQuarry
关于BlockQuarry
BlockQuarry focuses on cryptocurrency mine hosting and self-mining operations at a leased property located in Gaffney, South Carolina. BlockQuarry also maintains a fleet of digital/cryptocurrency mining equipment and infrastructure.
BlockQuarry专注于位于南卡罗来纳州加夫尼的一处租赁物业的加密货币矿托管和自采业务。BlockQuarry还维护着一支数字/加密货币采矿设备和基础设施车队。
Forward-Looking Statements
This press release may contain forward-looking statements that involve risks and uncertainties. These statements relate to future events or our future financial performance. In some cases, you can identify forward-looking statements by terminology including "could," "may," "will," "should," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential" and the negative of these terms or other comparable terminology. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested in this report. Except as required by applicable law, we do not intend to update any of the forward-looking statements so as to conform these statements to actual results. Investors should refer to the risks disclosed in the Company's reports filed from time to time with OTC Markets.
前瞻性陈述
本新闻稿可能含有涉及风险和不确定因素的前瞻性陈述。这些陈述与未来事件或我们未来的财务表现有关。在某些情况下,您可以通过“可能”、“可能”、“将”、“应该”、“预期”、“计划”、“预期”、“相信”、“估计”、“预测”、“潜在”等术语以及这些术语或其他类似术语的负面含义来识别前瞻性陈述。虽然这些前瞻性陈述及其所依据的任何假设都是真诚作出的,并反映了我们目前对业务方向的判断,但实际结果几乎总是与本报告中建议的任何估计、预测、预测、假设或其他未来表现大相径庭,有时存在重大差异。除非适用法律要求,我们不打算更新任何前瞻性陈述,以使这些陈述与实际结果相符。投资者应参考公司不时向场外市场提交的报告中披露的风险。
Corporate Communications
IBN (InvestorBrandNetwork)
Los Angeles, California
310.299.1717 Office
Editor@InvestorBrandNetwork.com
企业通信
IBN(InvestorBrandNetwork)
加利福尼亚州洛杉矶
310.299.1717办公室
邮箱:EDITOR@InvestorBrandNetwork.com
Attachments
附着物
- BlockQuarry's next-gen POD 5
- Next-gen POD 5 container
- BlockQuarry的下一代POD 5
- 新一代POD 5容器
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