Sysorex, Inc.
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- Sysorex, Inc. (SYSX) operates as a technology company focused on Ethereum mining, blockchain technology implementation, and information technology solutions for federal, state, and local governments as well as educational institutions; its core offerings include operation of approximately 11,000 NVIDIA GPUs generating 500 Gigahash of computing power for cryptocurrency mining, data center services, cybersecurity products, network performance optimization, secure wireless access, professional IT services, engineering support, custom software development, cloud computing, enterprise servers and storage, virtualization, collaboration tools, big data analytics, help desk support, and warranty maintenance; through its subsidiaries Sysorex Government Services, Inc. and TTM Digital Assets & Technologies, Inc., the company serves public sector clients with GSA IT 70 Schedule contracts and resells hardware and software from leading manufacturers. Founded in 1994 and headquartered in Herndon, Virginia, Sysorex conducts operations primarily in the United States, targeting government agencies with complex IT needs across data centers, hybrid networks, mobile technology, and physical security. In recent developments, Sysorex completed a reverse merger with TTM Digital Assets & Technologies, Inc. in April 2021 valued at approximately $130 million, eliminating over $13.5 million in debt and positioning TTM shareholders to own 80% of the combined entity; the company acquired full ownership of its New York data center and added 1,000 GPUs to boost mining capacity by 10%, while pivoting segments toward AI/ML processing and cloud hosting following Ethereum's Proof-of-Stake transition; it also secured $13 million in new government contracts, reported third-quarter 2022 revenue growth exceeding 85% to $3.5 million, and raised $500,000 via private placement of common stock and warrants.
Sysorex Appoints Industry Veteran Brian Raymond as Chief Technology Officer
Sysorex Enters Non-Fungible Tokens (NFTs) Augmented Reality Market with Investment in The Hunt – Launching NFTs with New Advisory Board Member Michael Bay
Sysorex Awarded $16 Million in New Government Contracts
Sysorex Provides Financial Update
Sysorex Elects Nasdaq-Listed Company CEO William Stilley to Board of Directors
Reminder: Sysorex to Host Shareholder Update Conference Call Today to Discuss Latest Developments and Business Outlook
Sysorex Schedules Shareholder Update Conference Call to Discuss Latest Developments and Business Outlook
TTM Digital Assets & Technologies Mines $1.37 Million in ETH Month-to-Date
Why Sysorex Stock Is Up 97% Over The Last 24 Hours
SYSX Stock: 608.92% Increase Explanation