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Saturday, May 28, 2022

Sysorex Inc (OTCMKTS: SYSX) Major Reversal Northbound Underway as Ethereum Miner Builds Up Ethereum Portfolio & Inks Multiple Government Contracts

Sysorex Inc (OTCMKTS: SYSX) is making a powerful run up the charts in recent days with volume increasing to over $1 million per day in dollar volume. This comes after a massive reversal off $0.0046 per share after a straight line drop from $15 per share in April 2021 after the Company announced the closing of a reverse triangular merger with TTM Digital Assets & Technologies, Inc., a data center owner and operator and now, the largest U.S. publicly traded 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 bidding up the price with a significant gap to fill from current levels to April highs. Fully reporting OTCQB SYSX is blessed with a tight share structure with just 474,026,226 shares outstanding. SYSX has made it clear the Company plans to up list to a national exchange during 2022.

SYSX has a smart business strategy of mining Ethereum and holding the Ethereum it mines in its Ethereum treasury wallets at Coinbase and Gemini. By strategically holding it Ethereum, management believes the Company will expand its opportunities for revenue generation above the expected appreciation in the value of Ethereum. As a result of this smart strategy Sysorex Ethereum holdings are valued in excess of $6.5 million. The Company now has 1,520 ETH in its custody account and is adding an average of 10 ETH every day. Sysorex revenues have been increasing too; SYSX Q3 revenue increased more than eight-fold to $4.9 million, compared to $0.6 million for the same period last year. In fiscal 2021 SYSX reported 12,666,000 in total revenues. Currently the largest U.S. publicly traded Ethereum mining company with operations in New York and North Carolina. SYSX has momentum, huge liquidity and legions of new shareholders bidding up the price with a significant gap to fill from current levels to April highs 

Sysorex Inc (OTCMKTS: SYSX) is a data center owner and operator and is the preeminent U.S.-based, publicly traded Ethereum mining and Ethereum Blockchain technologies company. Following the Company’s merger with TTM Digital Assets & Technologies, Inc. (“TTM”), the Company shifted its primary business focus to the mining of Ether (ETH) and opportunities related to the Ethereum Blockchain. The Company currently owns and operates approximately 11,000 NVIDIA GPUs generating approximately 500 Gigahash of computing power, which GPUs include thousands of Cryptocurrency Mining Processors (“CMPs”). These GPUs are currently online and securing the Ethereum Blockchain and generating ETH around the clock with industry leading efficiency. In addition to the mining of ETH, the Company continues to operate its wholly owned subsidiary, Sysorex Government Services, Inc. (“SGS”), a business that provides information technology products, solutions and services to federal, state, and local government, including system integrators. The Company is also advancing strategies to leverage decentralized finance (“De-Fi”) and Non-Fungible Token (“NFT”) opportunities powered by the Ethereum Blockchain. 

SYSX Government Services (SGS) business was recently awarded multiple government contracts in Q3 totaling more than $16 million in value, which amount should be realized in the coming months as SGS executes on these agreements, and the work is underway. Management continues to pursue opportunities to utilize smart contracts on the Ethereum Blockchain, by leveraging SGS’s government presence and contract portfolio. 

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In November Sysorex completed the acquisition of the remaining 50% of the upstate New York data center that houses the majority of its approximately 500 Gigahash of compute capacity, which is online, continuously mining Ethereum and securing the Ethereum Blockchain. Up North Hosting LLC, a data center owner and operator in upstate New York, was previously jointly owned by businesses controlled by Sysorex’s recently appointed Chief Technology Officer, cryptocurrency industry veteran Brian Raymond, and Sysorex. Sysorex now owns 100% of the data center, which offers the Company immediate access to additional capacity to expand its mining operations. The purchase also included approximately 1000 GPUs, which presently increases mining capacity by approximately ten percent. The purchase price paid by Sysorex for the balance of the data center and GPUs was $1,000,000 and 1,000,000 shares of restricted Sysorex common stock. The Company is well positioned to further grow its Ethereum mining operations at this data center, which benefits from an excellent climate for mining and competitive, renewable power purchase pricing. 

SYSX has a smart business strategy of mining Ethereum and holding the Ethereum it mines in its Ethereum treasury wallets at Coinbase and Gemini. By strategically holding it Ethereum, management believes the Company will expand its opportunities for revenue generation above the expected appreciation in the value of Ethereum. As a result of this smart strategy Sysorex Ethereum holdings are valued in excess of $6.5 million. The Company now has 1,520 ETH in its custody account and is adding an average of 10 ETH every day. The Company continues to make solid progress following the merger between Sysorex and TTM Digital Assets & Technologies in April of this year. Notably, SYSX Q3 revenue increased more than eight-fold to $4.9 million, compared to $0.6 million for the same period last year. In fiscal 2021 SYSX reported 12,666,000 in revenues.  

On February 10, SYSY announced it plans to sell certain assets to another company in exchange for equity valued significantly higher than the Company’s market capitalization. Following Sysorex’s reverse merger with TTM Digital Assets & Technologies, Inc. last year, Sysorex has experienced a substantial increase in gross revenue, and its prospects for future revenue generation and growth are solid. The Company has also increased its asset portfolio of GPUs, completed the acquisition of its datacenter, and closed a strategic investment in an NFT marketplace. Yet, its common stock continues to trade at prices well below the value the business actually holds. Therefore, management believes the best course of action is to advance this transaction, which is designed to unlock value for shareholders. 

https://twitter.com/KyleDreher01/status/1519772504184827905

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SYSX is making an explosive move up the charts on accelerating volume after after reversing off $0.0048 lows. The stock has a recent history of big moves skyrocketing to $15 per share in April after the Company announced the closing of a reverse triangular merger with TTM Digital Assets & Technologies, Inc., a data center owner and operator and now, the largest U.S. publicly traded 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 bidding up the price with a significant gap to fill from current levels to April highs. Fully reporting OTCQB SYSX is blessed with a tight share structure. They also recently entered the booming NFT space with an investment in the Hunt, a creative marketplace powered by Ethereum Blockchain technology to develop, display and sell augmented reality NFTs enhanced for immersive, mixed-reality-world platforms, and products through curated releases and experiences for the Metaverse in music, fashion and entertainment.   The Hunt has already generated more than 2 million downloads with more than 500 thousand unique monthly visitors. We will be updating on SYSX when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with SYSX.

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Disclosure: we hold no position in SYSX either long or short and we have not been compensated for this article.

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