STOCK TITAN

Integrated Ventures Buys Additional Miners With Focus On $7 Million In Yearly Revenues

(Moderate)

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

Tags
Argus Session date unavailable
-0.65% session move Open Argus
Details

News Market Reaction – INTV

The recorded move for INTV in the trading session of this news was -0.65%.

Data tracked by StockTitan Argus. Session date unavailable.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google

PHILADELPHIA, Nov. 8, 2023 /PRNewswire/ -- Integrated Ventures Inc, (OTCQB: INTV) ("Company") is pleased to confirm the purchase of new cryptocurrency (Antminers S19 - ASICs) mining equipment.

Equipment details are as follow: 

  • Antminer S19J - 210 units
  • Antminer S19Pro -15 units
  • Avalon A1246 -14 units

Total Qty: 239 units

Total Value: $300,000

Steve Rubakh, CEO of Integrated Ventures, Inc., provides  the following commentary:

"This purchase was completed and fully paid for by issuing combination of common shares and BTC. All miners are expected to be online within 2 weeks. As of 11/16/2023, we expect to have over 2,550 miners hashing at data center, located in Granbury, TX and managed by US Bitcoin, Corp. Estimated total hash rate is expected to exceed 250 PH."

About Integrated Ventures Inc:

The Company a diversified holdings company that develops, acquires, operates and invests in businesses, primarily in the technology sector with focus on (1) AI/AR/MR/Blockchain platforms/applications,  (2) real estate assets, suitable for data center operations and (3) cryptocurrency mining. INTV's current revenue generating operations, consist of crypto currency mining/hosting.  

For more information, please visit company's website at www.integratedventuresinc.com.

Safe Harbor Statement:

The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by use of the words "may," "will," "should," "plans," "explores," "expects," "anticipates," "continue," "estimate," "project," "intend," and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, and various other factors beyond the company's control.

Contact:

Steve Rubakh 
(215) 613-9898
sr@integratedventures.io

 

 

Cision View original content:https://www.prnewswire.com/news-releases/integrated-ventures-buys-additional-miners-with-focus-on-7-million-in-yearly-revenues-301981795.html

SOURCE Integrated Ventures, Inc

Keep reading