Welcome to our dedicated page for Investview news (Ticker: INVUP), a resource for investors and traders seeking the latest updates and insights on Investview stock.
INVESTVIEW INC PFD SER B (INVUP) is a preferred stock series issued by Investview, Inc., a Nevada-based diversified financial technology (FinTech) services company. The news flow associated with INVUP is driven by Investview’s operating performance, strategic initiatives, regulatory developments, and segment-level updates across its financial education, blockchain mining, wellness manufacturing, and early-stage brokerage businesses.
Investview’s news releases frequently cover results and operational highlights for its Financial Education and Technology segment, including the iGenius business unit, which delivers financial education, digital asset-related tools, and consumer products through a network of independent distributors. Updates may include commentary on revenue trends, membership dynamics, product and training initiatives, and leadership developments within the iGenius community.
Another recurring theme in Investview news is its Blockchain Technology and Crypto Mining Products and Services segment, often referred to as SAFETek. Company reports describe Bitcoin production levels, the impact of Bitcoin halving events, changes in network difficulty, energy curtailments, and steps taken to retire older mining hardware, deploy newer ASIC miners, and manage hash costs.
News items also address the company’s expansion into health, beauty and wellness products through its acquisition of Renu Laboratories, Inc. and the development of the myLife Wellness brand. These updates describe contract manufacturing activities, investments in equipment and production technology, and plans to distribute wellness products through both retail and wholesale channels, including collaboration with the iGenius network.
In the financial services area, Investview issues updates on the development of Opencash Securities LLC and the planned Opencash and OpencashPro trading platforms, including milestones related to platform buildout, regulatory readiness, and intended product features such as low-cost, commission-free trading in stocks, ETFs, and options.
Regulatory and legal developments are also covered in Investview’s news and filings, including the settlement of an SEC inquiry related to the Apex Program and the Polish UOKiK decision regarding iGenius operations in Poland. These items provide context on compliance, potential fines, and operational adjustments that may affect the issuer behind INVUP.
By following the news associated with Investview, investors tracking INVUP can monitor segment performance, strategic acquisitions, share repurchase programs, regulatory matters, and the evolution of the company’s multi-segment FinTech and wellness ecosystem.
Victor M. Oviedo has been appointed as the new CEO of Investview, as announced on February 23, 2022. Alongside Oviedo, Jim Bell will take on the roles of President and Acting COO, while Myles Gill becomes Director of Operations. Oviedo, a seasoned executive with experience at StageLight Group and SkyBridge Capital, aims to enhance the company’s growth. The management restructuring aligns with the company’s strategy to unlock shareholder value. Investview focuses on financial education and cryptocurrency technology, particularly Bitcoin mining.
Investview, Inc. (OTCQB: INVU) reported a gross revenue of $1.8 million for December 2021, marking a 3% increase year-over-year, while gross profit surged by 37% to $1.3 million, yielding a 72% gross profit margin. Over a 20-month period, the company mined 1,236.41 BTC. Plans are in place to enhance mining capacity with new Bitmain T19 miners and additional mining servers. Furthermore, Investview holds over 17.63 BTC and 75,614.89 NDAU. The company is also set to deploy a mobile Bitcoin mining trailer, increasing operational flexibility.
Investview reported significant growth in November 2021, with gross revenue of $10.2 million, up 247% year-over-year, and operating income soaring to $3.4 million, a 426% increase. The net revenue reached $9.5 million (+230%), despite a net income decline of 4% to $3.6 million. Key drivers included the iGenius Subscription segment generating $7.6 million in revenue (+407%) and Bitcoin mining profits of $2.1 million (+46%). Cash reserves stood strong at $32.5 million.
On December 8, 2021, Investview, Inc. (OTCQB: INVU) terminated the employment of its former CEO, Joseph Cammarata, due to criminal charges against him related to an unrelated entity, Alpha Plus Recovery, LLC. He had previously been placed on administrative leave on November 5, 2021. Following his termination, Cammarata resigned from the Board without disagreement. David B. Rothrock has been appointed Chairman, and James R. Bell is the acting CEO while an executive search for a new CEO begins. The company's goals remain unaffected.
Investview, Inc. (OTCQB: INVU) reported strong financial results for November 2021, with a 46% increase in gross revenue to $2.1 million and a 90% rise in gross profit to $1.6 million year-over-year. The company mined over 1,200 BTC over 19 months, holding 37.95 BTC and 75,129.23 NDAU as of November 30, 2021. Recent operational updates include the relocation of 1,500 ASIC miners to a cost-effective facility, projected to generate $830,000 in December gross revenue. The new mobile Bitcoin mining data centers are also under construction, expected to boost revenue opportunities.
Investview, Inc. announced impressive financial growth for Q2 FY2022, reporting gross revenue of $25.6 million, a 216% increase year-over-year. Net revenue reached $23.4 million, reflecting a 201% increase, while net income soared to $8.4 million, up 805%. The company's iGenius segment generated $17.2 million in revenue, a 208% rise, driven by strong demand for financial educational products. The new SAFETek miner repair facility in Texas has refurbished over 2,000 miners, adding operational capacity and revenue potential.
Investview, Inc. (OTCQB: INVU) reported its unaudited Bitcoin production results for October 2021, achieving a gross revenue of $2.5 million, a significant increase of 186% year-over-year. The gross profit reached $1.9 million, representing a 381% increase, with a gross profit margin of 77%. The company mined a total of 1,167.56 BTC over the past 18 months and currently holds over 49.13 BTC and 74,706.12 NDAU. Strategic operations include relocating 1,500 ASIC miners to a lower-cost facility, expected to boost profits by 20%.
Investview, Inc. (OTCQB: INVU) announced that CEO Joseph Cammarata has been placed on administrative leave following his involvement in civil and criminal charges related to a separate entity, Alpha Plus Recovery, LLC. The Board of Directors appointed James R. Bell as the acting CEO to ensure business continuity. Bell has been involved with the company since April 2020 and is expected to manage operations effectively. Investview clarified that Cammarata's actions were unrelated to his role at the company and assured stakeholders there would be no disruption to business objectives.
Investview, a diversified financial technology company, announced significant increases in its Bitcoin production for September 2021. The company reported a gross revenue of $2.4 million, marking a 213% increase year-over-year, and a gross profit of $1.8 million, up 463%. The gross profit margin stands at 74%. Since the start of Bitcoin mining operations, Investview has mined a total of 1,124.53 BTC. The company continues to expand its production capabilities through the acquisition of new miners and a repair facility for ASIC mining servers.
Investview reported remarkable growth for August 2021, showcasing a 223% increase in gross revenue to $9.8 million and a staggering 823% rise in net income, reaching $3.7 million. Highlights include:
- Income from Operations of $3.4 million, up 1,213%.
- Net Revenue of $8.7 million, up 198%.
- Record gross revenue from iGenius subscriptions at $5.4 million, up 155%.
- Bitcoin mining gross revenue at $3.1 million, up 238%.
As of August 31, 2021, Investview held $18.2 million in cash and restricted cash.