CryptoNewsBreaks – ISW Holdings Inc. (ISWH) Exceeds Milestones to Trigger Bonus $1.7M in Bitmain Miners

ISW Holdings (OTC: ISWH) (transitioning to “BlockQuarry,” pending name change), a Nevada-based portfolio company with primary commercial-stage operations in cryptocurrency mining, today announced that it has surpassed agreed-upon milestones related to the performance of its common stock price. The company will, therefore, receive an additional 150 Bitmain S19 95TH/s miners from Minerset, a Delaware LLC, due to negotiated milestone clauses included in the asset purchase agreement reached between the two companies in August. According to the update, the company leveraged its shares of Preferred B stock to purchase its initial tranche of 400 miners. As a part of the contract, ISW Holdings President and Chair Alonzo Pierce and Minerset managing member Elias Fernandez Sanchez negotiated a graduated milestone provision deeming that ISW Holdings would earn 75, 150 or 225 additional Bitmain S19 95TH/s miners based on the performance of the company’s common stock at or above $2, $3 or $4, respectively. “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,” said Pierce. “With the appreciation of our stock price, both companies have already been amply rewarded for this partnership.”

To view the full press release, visit https://ccw.fm/mcSyw

About ISW/BlockQuarry Corp.

ISW/BlockQuarry is quickly becoming one of the largest mining and hosting providers in the digital currency space in North America as it seeks to transform the financial markets of the future. The company’s complement of cutting-edge technologies has enhanced the bitcoin/cryptocurrency ecosystem, enabling its customers to take advantage of real-time cost savings. At the same time, its customers can feel confident that their digital transactions and assets are entirely secure. The company utilizes a scalable blockchain infrastructure to convert unique identifiable assets (“UIAs”) into interchangeable digital assets such as Bitcoin and other fungible digital assets. ISW/BlockQuarry offers immediate liquidity in the form of fast, confidential transactions, as well as the issuance of assets in the traditional capital markets.

NOTE TO INVESTORS: The latest news and updates relating to ISWH are available in the company’s newsroom at http://ccw.fm/ISWH

About CryptoCurrencyWire (“CCW”)

CryptoCurrencyWire (CCW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with CCW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled visibility, recognition and brand awareness.

To receive instant SMS alerts, text CRYPTO to 77948 (U.S. Mobile Phones Only)

CryptoCurrency News Wire is where News, content and information converge via Crypto.

For more information, please visit https://www.CryptoCurrencyWire.com

Please see full terms of use and disclaimers on the CryptoCurrencyWire (CCW) website applicable to all content provided by CCW, wherever published or re-published: http://CCW.fm/Disclaimer

CryptoCurrencyWire (CCW)
New York, New York
www.CryptoCurrencyWire.com
212.994.9818 Office
Editor@CryptoCurrencyWire.com

CryptoCurrencyWire is part of the InvestorBrandNetwork.

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.