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Tuesday, May 21, 2019 12:55:04 PM
1) After performing a standard Due Diligence, the Company had decided to terminate Letter Of Intent To Purchase All Assets Of Erie Power, LLC
2) The Company had switched from warehouse mining to the third party hosting model and relocated all mining equipment from NC, PA and NJ to NY which resulted in elimination of all operational expenses designed to improve profitability
3) The Company had executed Agreement with PetaWatt, LLC to secure and market the competitive electricity rates and other mining related services
4) The Company will develop and deplay All-In-One “Plug-and-Mine” Mining Solution, targeting miners seeking a turn-key market entry and featuring an access to the best hosting and pool rates for ASIC and GPU based mining rigs
5) The Company will focus on sourcing and purchasing deeply discounted mining rigs from secondary markets to lower an initial investment and to deliver a profitable ROI.
Steve Rubakh, CEO of Integrated Ventures, adds the following: “Deal with PetaWatt secures the key component for profitable mining operations – an access to the reliable and inexpensive electricity.
This agreement will allow Integrated Ventures to mine far more profitably than North American competitors and provide hosting services at the market’s most competitive price point.
Cost certainty, created by uninterrupted access to affordable power, will allow the Company to succesfully execute all of the above strategies.
This plan will allow Integrated Ventures to weather market downturns better than its competitors, while also positioning the company to earn significantly higher returns than its competitors during this newly forming bull cycle”.
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.
BUY the Dips!!!
The stock market is a device for transferring MONEY from the impatient to the patient......Warren Buffett
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- Integrated Ventures Acquires 51% Stake In GetTrim.Com (TM), Telemedicine Platform With Focus On Expansion Into Booming GLP-1 Powered Weight Loss Market • InvestorsHub NewsWire • 09/04/2024 12:45:00 PM
- Integrated Ventures Announces Strategic Entry Into Health & Wellness Industry with Focus on GLP-1 Products • InvestorsHub NewsWire • 08/28/2024 12:30:00 PM
- Integrated Ventures Files Q3/2024 With Mining Revenues Of $1,983,250 And Positive Earnings Of $0.05 Cents Per Share • InvestorsHub NewsWire • 05/15/2024 02:30:00 PM
- Integrated Ventures Delivers 376% Q2-to-Q1 Growth With Revenues Of $1,728,108 vs $1,059,064. • InvestorsHub NewsWire • 02/08/2024 01:30:00 PM
- Integrated Ventures Reports Preliminary Q1/2024 Revenue Results Of $1,059,064 vs $555,365 for Q1/2022 • InvestorsHub NewsWire • 11/10/2023 01:30:00 PM
- Integrated Ventures Buys Additional Miners With Focus On $7 Million In Yearly Revenues • InvestorsHub NewsWire • 11/08/2023 01:30:00 PM
- Integrated Ventures Reports $3,862,849 In Yearly Mining Revenues With 162 Bitcoins Produced • InvestorsHub NewsWire • 09/29/2023 02:00:00 PM
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