As the crypto space starts to ramp back into action with a steady feel of capital inflows, investors and traders are left with the tricky task to achieve: how to gain exposure to the space through an equities-only approach. It’s not easy.
Most stocks in the space are awful or fraudulent, or both. The main path to exposure is through the coins themselves. But, for many investors, exposure directly to the coins is difficult or against some rules given how their capital is managed or allocated. Hence, capitalizing on the crypto growth theme is a task not without its difficulties.
Given this conundrum, we would point out ISW Holdings Inc (OTCMKTS:ISWH) now qualifies as a possible option for speculative interest in this space. This is effectively a new option on the menu following its recently announced joint venture partnership with Bit5ive LLC, a global leader in cryptocurrency mining and innovative turnkey mining solutions.
“We are incredibly excited to expand our current portfolio and move into what we believe is a sector poised for strong technological and financial growth,” stated ISW Holdings President and Chairman Alonzo Pierce. “This new joint-venture agreement enables us to collaborate with the experienced team at Bit5ive to innovate the infrastructure needed to run profitable, efficient crypto mining projects, and to take advantage of the incredible growth projected for the crypto market.”
A Bit of Background
ISW Holdings Inc (OTCMKTS:ISWH) is a holding company built of diversified partnerships focused on a common goal of brand communication from developers, consultants, design engineers, contractors, subcontractors, equipment providers, installation providers, end-users, and service providers.
ISW has established itself as a Technology, home healthcare and wellness company with a focus on reshaping different sectors across various industries. The company uses state-of-the-art nanotechnology processes to develop a wide range of effective nano-infused wellness and restoration products, provides home healthcare services with its Paradigm Home Health company, and sources renewable energy for the purpose of furthering its technology projects via its partnership with Proceso.
Now, as of its most recent release, the company has entered the cryptocurrency mining capex space through its new joint venture with Bit5ive, LLC, a leading distributor of Bitmain machines.
As noted above, ISWH just announced a very interesting new partnership with Bit5ive, a leader in the crypto mining infrastructure and capex space as an official distribution partner of Bitmain, the industry-leading fabless manufacturer of computing chips and distributor of Antminers to more than 30 countries in Latin America, Central America, and the Caribbean. In addition, Bit5ive is the producer and distributor of POD5 and Power Skid 2.5, the most efficient and successful infrastructure for crypto mining hardware.
ISWH shares have pulled back to find support in the $0.20-.25 area, which matches up with where it last found key chart support in early April and early June, each time spawning a relatively quick 100% rally.
This time around, the stock has a great deal more going for it given its entrance into the crypto space at a time when Bitcoin has recently rallied over 100% higher.
The Path Ahead
Company materials suggest that ISWH intends to build and power data centers for the purpose of cryptocurrency mining in several locations across the US beginning in Pennsylvania, starting with 1 MW (-/+) concept deployment, with further expansion plans after that. This is in addition to its recent strong performance on a sequential quarterly basis due to growth in its home healthcare segment.
Note, ISWH is neither awful nor fraudulent, with strong expansion on a sequential quarterly basis, including 2019 revenues of well over $500K. Management also noted in a recent release that these results were achieved on accelerating sequential quarterly growth, with nearly half of those revenues appearing in Q4. Sequential growth in Q3 (versus Q2) was 26%. Sequential growth in Q4 (versus Q3) was 29%.
Its entrance into the booming cryptocurrency mining equipment space is only going to amplify that performance in the months and quarters ahead, suggesting ISWH may quickly become one of the go-to stocks in the space going forward as word gets around.
If we are any judge, one should anticipate a series of catalysts ahead that make clear the manner in which ISW Holdings Inc (OTCMKTS:ISWH) plans to make this role plain to the market.
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Published at Mon, 13 Jul 2020 04:44:25 +0000