Integrated Ventures Inc (INTV)

[spike007]

I dont know what the logic is behind purchasing a $349k mobile mining rig ? Any thoughts on why he did this since we are buying a $600k building ?

The use of proceeds for this $750,000 funding round is as follows:

· to purchase mining rigs and related equipment from Bitmain Technologies

· to fund a security deposit for the purchase of Commercial Real Estate
· to initiate the development of the LoanFunder

In January 2018, the Company placed Purchase Orders with Bitmain Technologies for in excess of $600,000 of digital currency mining rigs and related mining equipment.

On January 30, 2018, the Company had placed a purchase order for one (1) Mobile Mining Center ("MMC").

Estimated delivery date is March 15, 2018.

The specifications as follow:

Size: 20' (6058mm x 2438mm x 2896mm)

Cooling: AC
Ventilation: 4 fans (24")
Power: 220V
Mining Capacity (# of rigs): 50-75
Additional Equipment: metal cabinets/shelving/desk
Color: Black
MSRP: $299,000 (fan cooled)/$349,000 (air cooled)