ISW Holdings Inc. (OTCMKTS: ISWH) rose 24% after announcing financial results for the second quarter ended June 30, 2021. Chairman and President Alonzo Pierce said the company’s primary mining was only installed and operational two weeks prior to the end of the quarter, which will have the most impact on its third quarter financial performance data.
In addition, the company has considerable equipment and has received another shipment from miners. Alonzo said they have more than $ 5 million in annual sales every month, with significant growth expected in the months ahead.
For the quarter ended June, the company increased net cash more than 2,600% to $ 2.3 million on a six-month basis, with total assets increasing 2,657% on a six-month basis to $ 4.9 million. Liabilities decreased 58%, with total derivative liabilities decreased 96% to below 750,000. Before the third quarter, the company signed new partnerships, including with Bitmain Technologies. Therefore, ISWH is worth seeing in the coming quarter.
On Monday, ISWH stock rose 23.68% to $ 0.8596, holding more than 1.72 million shares, compared to an average volume of 667,000 shares. The stock has moved in a range of $ 0.6811 to $ 0.8900 after opening trading at $ 0.7150.