HUGE INTV NEWS WITH MORE TO COME
Integrated Ventures, Inc., (OTCQB: INTV) ("Company") is pleased to provide the following operational update to its shareholders with an information regarding (1) current cryptocurrency inventory, (2) mining equipment purchase and (3) status of the real estate transaction.
(1) As of 1 AM on 01/19/2018, the Company's cryptocurrency inventory (coin type/quantity/$value) was as follows:
-- BTC = 1.3827 ($15,762.78)
-- ETH = 3.4068 ($3,536.26)
-- LTC = 118.350 ($23,196.60)
Total Market Value: $42,495.64.
(2) On 01/17/2018, the Company has placed a Purchase Order with Bitmain Technologies for mining rigs and assorted mining equipment. All newly purchased products are expected to be deployed in the Company's new mining facility. Details are as follow:
-- Antminer L3. Qty: 20 units. Cost: $49,142.00. ETA: 02/10/2018.
-- Antminer L3. Qty: 30 units. Cost: $73,795.59. ETA: 02/10/2018.
-- Antminer L3. Qty: 50 units. Cost: $122,992.59. ETA: 02/10/2018.
-- Antminer S9. Qty: 10 units. Cost: $23,991.00. ETA: 03/20/2018.
-- Antminer PSU APW3++. Qty: 30 units. Cost: $2,783.24. ETA: 02/10/2018.
-- Nemesis 1600W PSU. Qty 50 units. Cost: $3,725.00. ETA: 02/01/2018.
Total Value Of Purchased Equipment: $276,429.42.
(3) On 01/04/2018, the Company has made an offer to purchase 9,000 SQ FT commercial real estate property, valued at $650,000. On 01/08/2018, the offer in the amount of $450,000 was accepted by the seller (bank) and both parties have entered into Agreement For The Sale Of Commercial Real Estate. This agreement is a subject to a standard 30 days due diligence period. The transaction is expected to be completed by 03/08/2018.
Steve Rubakh, CEO of Integrated Ventures, comments: "This operational update confirms that Integrated Ventures is flawlessly following and executing its growth strategy. Our main focus is on building out an electric grid with maximum capacity which is the key to expansion of our mining operations. Purchase of the commercial real estate is designed to provide enough power capacity to host about 1500 mining rigs. We are confident that all business related initiatives will deliver a steady stock price growth for the next few years."
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