Integrated Ventures Inc (INTV)

[towerclimber92]

Indeed. It was a really smart move on Steve's part to pay a fixed amount for the hosting. A lot of companies will host your rigs but charge a variable rate fee that goes up and down with the price of crypto and it makes it almost damn near impossible to recoup the cost of your investment and most importantly - make a profit. I haven't done any calculations, but, im guessing this company is going to be looking really profitable when btc goes up to $8,500-10,000+. Of course there are other factors involved, like mining difficulty but by the time crypto rebounds to these levels im sure the equipment won't have depreciated due to mining difficulty to a point where it is not profitable. I think Steve's got this though. Been invested and involved with a handful of mining companies in my lifetime, rented a few as well. So I know a "little bit" about what this company does. I think Steve is a trustworthy CEO, However I haven't been really given a reason to doubt otherwise. I absolutely despise CEO's who focus on paying themselves a quarter million a year in salary when the business isn't even making a million, or the CEO's who don't really have much skin in the game - referring to equity. I'm going to guess that Steve wants the share price to rise just as much as we do, as the majority of his compensation im going to assume is stock based. However I could be wrong, I'll read q2 financials and find these answers for myself out soon.