Welcome to our dedicated page for BLOCKQUARRY news (Ticker: BLQC), a resource for investors and traders seeking the latest updates and insights on BLOCKQUARRY stock.
BlockQuarry Corp. develops cryptocurrency mining hardware and related infrastructure under the OTC symbol BLQC. Company news centers on the BLQCBuster crypto mining platform, an American-manufactured mining system designed for enterprise-scale deployments, and the BLQCsmith service ecosystem for monitoring, firmware management, remote diagnostics, and fleet support.
Recurring updates also cover product engineering, prototype testing, commercialization activity, order intake, manufacturing and supply-chain positioning, and the company’s focus on mining infrastructure for cryptocurrency, AI, and high-performance computing applications.
BlockQuarry Corp. (OTC: BLQC) reported strong financial performance for Q3 2022, achieving $2.098 million in revenue, marking a 33% increase from Q2 and 1,350% year-over-year growth with total revenues of $4.46 million for the nine months. Total assets reached $10.42 million, an 11% increase year-over-year. The company is preparing to uplist to NASDAQ and has amended its agreement with Bitmain to raise hosting fees, while reducing convertible debt to mitigate dilution risks. However, current liabilities increased to $16.4 million.
BlockQuarry Corp. (OTC: BLQC) announces its feature in a NetworkNewsAudio broadcast, enhancing brand visibility in the investment community. The company expects strong Q3 growth, with hosting revenue already surpassing 2021 figures. In Q2, revenues exceeded $1.5 million, marking an 8,000% YOY increase, and total assets grew to nearly $11 million. Additionally, debt was reduced by over $2 million. With significant hosting agreements, BlockQuarry aims to protect against Bitcoin price fluctuations, positioning itself for long-term growth in the cryptocurrency sector.
BlockQuarry Corp (OTC: BLQC) has announced provisional Q3 performance projections, highlighting exceptional financial growth. For Q2, revenue surged to over $1.5 million, representing an 8,000% year-over-year increase, while total assets reached nearly $11 million—a 6,000% rise. Management anticipates approximately 30% sequential growth for Q3. The company emphasizes its resilience against cryptocurrency market volatility and plans for sustained growth by leveraging strong partnerships and its hybrid mining model.
BlockQuarry Corp (OTC: BLQC) announced remarkable financial growth for the year ending December 31, 2021. Revenues surged 1,643% to $960k, with total assets skyrocketing 5,965% to $10.8 million. Cash reserves increased by 540% to over $542k.
The company reported a net operating loss reduction from ($8.3M) to ($3.4M) and a total net income turnaround of $3.55M compared to a loss of ($26M) in 2020. The completion of a 20MW mining infrastructure is set to generate approximately $9.5 million annually.
BlockQuarry Corp (OTC: BLQC) is expanding its cryptocurrency mining operations with a new 200-megawatt project in Gaffney, South Carolina. The company has successfully deployed the first 20 MW of next-gen POD 5 containers. Preliminary revenues for 2021 are projected to exceed $1.06 million, marking a significant growth of nearly 1,900% from 2020. BlockQuarry plans to increase capacity by an additional 80 MW, aiming for a total of 100 MW. Partners in the project include Bit5ive and Bitmain Technologies, contributing to the scaling of operations in the region.
BlockQuarry Corp (OTC: BLQC) has announced its name and ticker symbol change from ISW Holdings Inc. to enhance visibility in the market. This change, approved by FINRA on March 1, aims to facilitate a potential up-listing, promising greater exposure and value for shareholders. The company is progressing with its cryptocurrency mining operations in Gaffney, SC, having activated 12 of 20 POD5 units, which collectively host 3,360 mining rigs. Full buildout could enable 56,000 mining rigs. Investors can stay updated through the company's website.
BlockQuarry Corp., formerly known as ISW Holdings Inc., has officially changed its ticker symbol from ISWH to BLQC on the OTC Pink market as of March 2, 2022. The company's rebranding aligns with its focus on the cryptocurrency mining industry. The name change became effective on August 2, 2021. BlockQuarry operates a cryptocurrency mining facility in South Carolina and provides home healthcare management services. The company aims to enhance shareholder value as it transitions into this new phase.