Sysorex Provides Update on Ethereum Mining Operations and Upgrade

 To the Ethereum Blockchain Network

HERNDON, Va., Aug. 05, 2021 (GLOBE NEWSWIRE) — Sysorex (OTCQB: SYSX) (“Sysorex” or the “Company”), the preeminent, U.S.-based, publicly traded Ethereum mining and technologies company, today announced that as of July 13, 2021, all Ether (ETH), the cryptocurrency fueling the Ethereum Blockchain, mined by the Company, is being aggregated in the Company’s treasury wallet at Coinbase.

“Following our recently reported closing of nearly $8 million in investment capital, we paid all outstanding invoices and debts related to the merger with TTM Digital Assets & Technologies, Inc., and we also settled the balance owed on our mining GPUs such that all of our approximately 10,000 GPUs, which include thousands of Nvidia Cryptocurrency Mining Processors (CMPs), are now fully paid for and owned by Sysorex, and are running around the clock to secure the Ethereum Blockchain,” said Wayne Wasserberg, CEO of Sysorex. “Today is a monumental day in

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