Sysorex Inc (OTCMKTS: SYSX) Parabolic Reversal As Ethereum Miner Signs Major Government Contracts and Seeks to Move List to Major Exchange

Sysorex Inc (OTCMKTS: SYSX) is rising explosively in the rankings for volume acceleration after a brief dip below the $ 0.25 mark. The stock has a recent history of big moves that soared to $ 15 a share in April after the company announced it was closing a reverse triangular merger with TTM Digital Assets & Technologies, Inc., a data center owner and operator and now the largest U.S.-based Ethereum listed mining company with operations in New York and North Carolina. SYSX has momentum, huge liquidity and legions of new shareholders driving the price up with a big gap to fill between current levels and April highs.

Full Report OTCQB SYSX enjoys a tight share structure with only 146,194,212 shares outstanding. The company recently entered the booming NFT space with an investment in Hunt, a creative marketplace powered by Ethereum Blockchain technology to develop, display and sell enhanced augmented reality NFTs for the world’s immersive and mixed platforms. of reality, and products through versions and organized experiences. for the Metaverse in music, fashion and entertainment. The Hunt has already generated over 2 million downloads with over 500,000 unique monthly visitors. Sysorex Government Services (SGS) business is growing as the company recently announced that SGS has won several government contracts totaling over $ 16 million. Sysorex is working to achieve a listing on a national stock exchange like the Nasdaq by the end of the year. The Company currently owns and operates approximately 10,000 NVIDIA GPUs generating approximately 500 Gigahash of computing power, which GPUs include thousands of cryptocurrency mining processors (“CMP”). The cost of SYSX to mine 1 Etherium is currently around $ 250; a significantly low number considering the current price of ether. According to the most recent documents, the Company achieved sales of $ 6,246,000 for the 3-month period ended June 30, 2021.

Sysorex Inc (OTCMKTS: SYSX) is a data center owner and operator and is America’s leading publicly traded Ethereum and Ethereum Blockchain mining technology company. Following the Company’s merger with TTM Digital Assets & Technologies, Inc. (“TTM”), the Company has reoriented its core business towards Ether Mining (ETH) and Ethereum Blockchain related opportunities . The Company currently owns and operates approximately 10,000 NVIDIA GPUs generating approximately 500 Gigahash of computing power, which GPUs include thousands of cryptocurrency mining processors (“CMP”). These GPUs are currently online and secure the Ethereum Blockchain and generate ETH around the clock with peak efficiency. In addition to the mining of ETH, the Company continues to operate its wholly owned subsidiary, Sysorex Government Services, Inc. (“SGS”), a company that provides technology products, solutions and services. information to federal, state and local governments, including systems integrators. The Company also offers strategies to take advantage of decentralized funding (“De-Fi”) and non-fungible token (“NFT”) opportunities powered by the Ethereum blockchain.

Sysorex recently completed an investment in The Hunt, a creative marketplace powered by Ethereum Blockchain technology to develop, display and sell enhanced augmented reality NFTs for immersive mixed reality platforms and products through releases and experiences curated for the metaverse of music, fashion and entertainment. The Hunt has already generated over 2 million downloads with over 500,000 unique monthly visitors. The Hunt is a creative Ethereum blockchain-powered marketplace designed to streamline NFT buying or selling, powered by augmented reality technology. NFTs are unique, unique and digitally verifiable, built and stored on the Ethereum blockchain, and ready for new display by app, website, or viewable using augmented reality glasses. NFTs can be introduced to the physical world as products or through distinctive and exceptional extended reality (XR) visual experiences.

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The Company continues to sign government contracts; in september, the Sysorex Government Services, Inc. (SGS) subsidiary won several government contracts totaling more than $ 16 million during this third quarter of 2021 to date. These new orders are from the US Department of Justice, Bureau of Prisons (BOP) and US Department of Agriculture (USDA). The new contracts include five BOP orders totaling approximately $ 11.3 million and two USDA orders totaling approximately $ 4.9 million. Revenue recognition from these orders is expected as contracts are executed over the next four to six months, subject to accounting standards prior to billing.

As part of the SecurPASS® Full Body Security Screening program, SGS has previously installed more than 100 Canon® body scanners in federal correctional facilities and one of the BOP contracts is for the annual maintenance of these scanners for a total amount of approximately 1 , $ 5 million. The remainder of the BOP contracts, which total approximately $ 9.8 million, are for security assessment services. In accordance with USDA contracts, SGS will purchase, customize and deliver tablet computers to USDA supporting the Food Safety and Inspection Service (FSIS) and the US Forest Service (USFS). The FSIS contract totals approximately $ 3.1 million and the USFS contract totals approximately $ 1.8 million.

On October 28, a Crescendo Communications IR Associate on SYSX responded to an investor on thelion.com: For the foreseeable future; (2) reallocate our approximately 10,000 GPUs during the planned transition to Ethereum 2.0 next year or the following year, to mine other crypto assets, or direct our computing power to other use cases; (3) develop sales of computer and cybersecurity equipment to government agencies and other potential customers; (4) position the Company to support government and corporate initiatives aimed at migrating information or ledger storage systems to the Ethereum Blockchain and to advance new blockchain initiatives in collaboration with these organizations; (5) work with our strategic investors and third parties to launch a user-friendly marketplace for non-fungible tokens or NFTs, created by leading artists spanning multiple industries that will be enhanced by technologies that will allow these NFTs to be visualized in a new format that should promote adoption; (6) strategically invest in companies to achieve our goal of participating meaningfully in the Ethereum value stream, capturing each of these areas as well as decentralized financial products or DeFi which may include decentralized applications or applications that can focus on loans, remittances and microfinance.

It is expected to participate in other opportunities offered by technologies enabled by the Ethereum blockchain, which are expected to generate additional income. Stay tuned for public updates on this company.

The Sysorex Government Services (SGS) activity is growing. We recently announced that SGS has won several government contracts totaling over $ 16 million. Sysorex is working to achieve a listing on a national stock exchange like the Nasdaq by the end of the year. On January 1, 2021, the price of Ether was $ 730.99. Right now, just under 10 months later, the price of ether is $ 2,884.08. It typically costs Sysorex less than $ 250 to extract an ether. We are the only publicly traded Ethereum and Ethereum Blockchain mining technology company. We recently entered the NFT market. Stay tuned for more announcements on this.

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SYSX is rising explosively in the rankings for volume acceleration after a brief dip below the $ 0.25 mark. The stock has a recent history of big moves that soared to $ 15 a share in April after the company announced the closing of a reverse triangular merger with TTM Digital Assets & Technologies, Inc., an owner and operator. data center and now the largest public American publicly listed Ethereum mining company based in the United States with operations in New York and North Carolina. SYSX has momentum, huge liquidity and legions of new shareholders driving the price up with a big gap to fill between current levels and April highs. Full Report OTCQB SYSX enjoys a tight share structure with only 146,194,212 shares outstanding. The company recently entered the booming NFT space with an investment in Hunt, a creative marketplace powered by Ethereum Blockchain technology to develop, display and sell enhanced augmented reality NFTs for the world’s immersive and mixed platforms. of reality, and products through versions and organized experiences. for the Metaverse in music, fashion and entertainment. The Hunt has already generated over 2 million downloads with over 500,000 unique monthly visitors. Sysorex Government Services (SGS) business is growing as the company recently announced that SGS has won several government contracts totaling over $ 16 million. Sysorex is working to achieve a listing on a national stock exchange like the Nasdaq by the end of the year. The Company currently owns and operates approximately 10,000 NVIDIA GPUs generating approximately 500 Gigahash of computing power, which GPUs include thousands of cryptocurrency mining processors (“CMP”). The cost of SYSX to mine 1 Etherium is currently around $ 250; a significantly low number considering the current price of ether. According to the most recent documents, the Company achieved sales of $ 6,246,000 for the 3-month period ended June 30, 2021. We’ll update on SYSX when more details appear, so make sure you’re subscribed to Microcapdaily so you know what’s going on with SYSX.

Disclosure: We do not hold any long or short positions in SYSX and we were not paid for this article.

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