OTCPK:BLQC - Post Discussion
Post by
AveragePenny on Sep 02, 2021 11:16am
ISW Holdings Provides Corporate
Corporate Name and Symbol Change. As communicated in the Company’s Aug. 3 press release, ISW Holdings has officially filed for a corporate name change to “BlockQuarry Corp.” The Company has also more recently filed to change its trading symbol. Both filings are now actively going through FINRA, and more details will be announced soon when FINRA has completed its due diligence process. These actions were taken to bring the Company’s corporate brand into better alignment with its emerging operational character, given its growing commitment to blockchain infrastructure, cryptocurrency mining and collaborative hosting.
Mining Efficiency in Pennsylvania. As recently noted, the Company has switched on its mining operations in Pennsylvania. The miners there are now running at 90% operational efficiency as the Company approaches its target hashrate of 54000 TH/s at this location. Management is pleased with the smooth operations at the site and looks forward to substantial revenue production from this property over coming months and quarters.
Convertible Debt Elimination. As noted in the Company’s press release dated Aug. 23, total derivative liabilities were reduced 96% in the first six months of 2021 to under $750,000. The Company is working hard to continue this trend with recent cancellations and negotiations to cancel more variable convertible notes to eliminate another 500,000 shares of potential dilution. Further updates will be coming soon to communicate more details on this theme.
https://www.globenewswire.com/news-release/2021/09/02/2290833/0/en/ISW-Holdings-Provides-Corporate-Update-on-Name-and-Symbol-Change-Mining-Gains-and-Further-Elimination-of-Convertible-Debt.html
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