As the price of Bitcoin goes soaring higher, investors unwilling or unable to put money to work in the cryptocurrency market, itself, as an investment or trading premise – those moving money in 401K’s, investment accounts, or funds – are searching for equity market plays with related potential, but they are few and far between.
By the same token, the price of Bitcoin may run another 25% over the next 6 months – which would be a tremendous move – but some smaller stocks in the space that haven’t yet caught fire that possess a legitimate correlated premise and value proposition may potentially have hundreds or even thousands of percentage points to run.
One such stock we might point to as an example is ISW Holdings Inc (OTCMKTS:ISWH), a diversified player with commercial stage operations in home and telehealth care and development stage operations in the cryptocurrency mining space.
But, to say that ISWH has “development stage operations in the cryptocurrency mining space” is an understatement following its most recent announcement because the company is actually very close to some big milestones that could have cash flowing in the door soon given the price trend in the Bitcoin market.
Specifically, the company, in partnership with Bit5ive, LLC, has designed and now fully assembled a self-contained mining solution with state-of-the-art specs for high-performance crypto mining.
Assembly Complete
The big story for ISW Holdings Inc (OTCMKTS:ISWH) this week is its announcement that its new Proceso Pod5ive datacenter pod, which is capable of driving Megawatt-level cryptocurrency computational mining power, has been fully assembled and is now ready for shipment to the 100 MW renewable energy Bit5ive cryptocurrency mining project based in Pennsylvania.
“The job now is about bringing in revenues from participation in the Bit5ive Pennsylvania project while simultaneously building a track record for the Proceso, Pod5ive Data Center Pods as a global best-in-class solution for mining facilities around the world,” remarked Alonzo Pierce, President and Chairman of ISW Holdings. “We have begun sourcing partnerships in this endeavor, and we feel our technology division has an extremely bright future ahead in step with the growing success of Bitcoin and the broader cryptocurrency space.”
According to the release, as discussed in prior communications, the Company formed a partnership with Bit5ive in May to build and deliver the single most elegant, powerful, and efficient data center pods in the world.
Geared primarily for the cryptocurrency mining industry, the Proceso Pod5ive Data Center offers next-generation dynamic self-management functionality, plug-and-play operation, virtually non-existent maintenance needs, and an industry best-in-class 1.06 Power Usage Effectiveness score.
The release also noted that recent strength in cryptocurrency pricing stands to directly drive demand for cryptocurrency mining equipment as well as the profitability of mining operations. Following Paypal’s landmark announcement to begin accepting and transacting in cryptocurrencies in October, the value of Bitcoin has risen over 33%, opening up more profit potential for highly efficient mining ventures.
What’s Next
Given the backdrop of the Bitcoin breakout, it’s not a stretch to see ISW Holdings Inc (OTCMKTS:ISWH) becoming a popular speculative name in the space given that it has already made a significant investment in the technology necessary to driving big results as a mining equipment user and supplier.
One can imagine the demand for a self-contained highly efficient mining solution with the price of Bitcoin taking off.
Another minor move higher will put the coin at new all-time highs, above its levels of late 2017, when everyone thought it was in a colossal bubble. Now that Paypal and Square are on board, it’s much easier for other major organizations to climb aboard the train, and that spells a powerful “network effect” trend that makes it easier and easier for consumers and merchants to warm up the digital payment solution.
Hence, it should come as no surprise that the company continues to anticipate strong performance. As its crypto solution ships and activates, cash flows from that segment will likely start showing up. That pairs with its already strong growth trend in its telehealth and home healthcare segment.
In fact, for the three months ended December 31, 2020, following another breakout quarter during the three months ended September 30, 2020, which set new record high revenues for the Company, driven primarily by continued growth in its Home Healthcare and Telehealth segment – the third consecutive quarter featuring breakout growth for ISW Holdings this year.
Pierce added, “We are confident in the stability and growth we see from our Home/Telehealth operations, but our overall performance data can swell dramatically with strong execution from our Cryptocurrency Mining and Mining Equipment segment in the months ahead given the timing of our investments in this space and the tailwinds that have come together to define a very productive context.”
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