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Wednesday, December 1, 2021

Sysorex Inc (OTCMKTS: SYSX) Parabolic Reversal as Ethereum Miner Inks Major Government Contracts & Looks to Up List to Major Exchange

Sysorex Inc (OTCMKTS: SYSX) is making an explosive move up the charts on accelerating volume after a brief dip below the $0.25 mark. 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 with just 146,194,212 shares outstanding.  The Company 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. The Sysorex Government Services (SGS) business is growing as the Company recently announced SGS was awarded multiple government contracts totaling more than $16 million. Sysorex is making efforts to achieve an up listing to a national exchange like 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 (“CMPs”). SYSX cost to mine 1 Etherium is currently around $250; a significantly low number considering the current price of Ether. According to the most recent filings the Company achieved $6,246,000 in revenues for the 3 months ended June 30, 2021. 

Sysorex Government Services, Inc. – Sysorex, Inc.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 10,000 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. 

Recently Sysorex completed 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. The Hunt is a creative marketplace powered by the Ethereum Blockchain designed for streamlined purchases or sales of NFTs, powered by augmented reality technology. The NFTs are unique, one-of-a-kind and digitally verifiable, built and stored on the Ethereum Blockchain, and ready for novel display by application, website or viewable through augmented reality glasses. The NFTs may be brought into the physical world as products or through distinctive, exceptional extended reality (XR) visual experiences. 

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The Company continues to ink government contracts; in September subsidiary, Sysorex Government Services, Inc. (SGS) was awarded multiple government contracts totaling more than $16 million during this third quarter of 2021, to date. These new orders are from the U.S. Department of Justice, Bureau of Prisons (BOP) and the U.S. 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 for these orders is expected as the contracts are performed during the next four-to-six months, subject to accounting standards prior to invoicing. 

Under the SecurPASS® Full Body Security Screening Program, SGS previously installed more than 100 Canon® body scanners in federal correctional facilities and one of the BOP contracts is for annual maintenance of these scanners totaling approximately $1.5 million. The balance of the BOP contracts, which total approximately $9.8 million, are for security assessment services. Pursuant to the USDA contracts, SGS will procure, customize and deliver tablet computers to the USDA supporting Food Safety and Inspection Service (FSIS) and the U.S. Forest Service (USFS). The FSIS contract totals approximately $3.1 million and the USFS contract totals approximately $1.8 million. 

On October 28 an IR associate at Crescendo Communications on SYSX replied to an investors on thelion.com stated:  “The main catalysts for driving shareholder value are based on our ability to: (1) effectively mine Ether, the cryptocurrency fueling the Ethereum Blockchain, for the foreseeable future; (2) repurpose our approximately 10,000 GPUs upon the expected transition to Ethereum 2.0 next year or the following year, to mine other crypto assets, or direct our computational power to other use cases; (3) expand sales of cybersecurity and computer-related equipment to Government agencies and other potential customers; (4) position the Company to support initiatives of governments and businesses to transition information storage or ledger systems to the Ethereum Blockchain and to advance new blockchain initiatives in conjunction 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 several industries that will be enhanced by technologies that will allow these NFTs to be viewed in a novel format that should drive adoption; (6) strategically invest in businesses to meet our goal to significantly participate in the value flow of Ethereum, capturing each of these areas as well as decentralized finance or DeFi products that may include decentralized applications or apps that might focus on lending, remittance and microfinance. 

There are plans in motion to participate in other opportunities made available by technologies enabled by the Ethereum Blockchain, which is expected to drive additional revenue. Stay tuned for public updates on this endeavor. 

The Sysorex Government Services (SGS) business is growing. We announced recently that SGS was awarded multiple government contracts totaling more than $16 million. Sysorex is making efforts to achieve an up listing to a national exchange like Nasdaq by the end of the year. On January 1st, 2021, the price of Ether was $730.99. Right now, just a little under 10 months later, the price of Ether is $2,884.08. It generally costs Sysorex less than $250 to mine an Ether. We are the only publicly traded, pure-play, Ethereum mining and Ethereum Blockchain technologies company. We recently entered the NFT market. Stay tuned for more announcements regarding that. 

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SYSX is making an explosive move up the charts on accelerating volume after a brief dip below the $0.25 mark. 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 with just 146,194,212 shares outstanding.  The Company 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. The Sysorex Government Services (SGS) business is growing as the Company recently announced SGS was awarded multiple government contracts totaling more than $16 million. Sysorex is making efforts to achieve an up listing to a national exchange like 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 (“CMPs”). SYSX cost to mine 1 Etherium is currently around $250; a significantly low number considering the current price of Ether. According to the most recent filings the Company achieved $6,246,000 in revenues for the 3 months ended June 30, 2021. 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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