Integrated Ventures Inc, (OTCQB: INTV)
(“Company”) is pleased to announce an execution of multiple purchase
orders of mining equipment with Bitmain Technologies.
An initial purchase order of 40 units (Antminer S9J) was funded on
05/24/2019. In next 30 days, the Company plans to purchase an additional
250 units from Bitmain Technologies, pending confirmation from
manufacturer, in regards of equipment being available.
The Company has decided to restart purchasing of mining equipment due to:
- decrease in power and general operating costs
- improved profitability of mining equipment
- steady recovery of the cryptocurrency markets
- positive legal and compliance environment
- increase in the business activity by major financial institutions
Steve Rubakh, CEO of Integrated Ventures, adds: “Due to the
recent strength in crypto markets, the Company has decided to restart
purchases of mining equipment from Bitmain Technologies. Initial order
of 40 units) was a subject to the volume limitations, placed by the
manufacturer. The Company intends to purchase mining equipment, on
bi-weekly basis, using existing cash flow. We believe that current
shareholders will be very pleased with status of our progress at NY
facility. Moving forward, the Company is very confident of further
revenue and profitability growth and potential for the business
expansion opportunities going forward”.
About Integrated Ventures Inc: The Company operates
as Technology Holdings Company with focus on cryptocurrency
sector. 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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190530005476/en/