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Wednesday, November 18, 2020 2:22:04 PM
Integrated Ventures Purchases Mining Equipment, Valued at $190,000 As BTC Pricing Reaches 17,000
PHILADELPHIA, November 17, 2020 / PRNewswire / - Integrated Ventures Inc, (OTCQB: INTV) (“Company”) is pleased to confirm this purchase and provide additional details, in regards to all recent purchases of cryptocurency mining equipment from WhatsMiner.
The purchasing summary (Q4/2020 thru Q1/2021) of all mining eqipment is as follows:
Antminer S17Pro/56TH – 100 units (*)
Antminer S17Pro/73TH – 72 units (*)
Antminer Z11/138 – 5 units (*)
Antminer S19Pro/110TH – 2 units (*)
WhatsMiner M31/74TH – 110 units (**)
Total Units Purchased (Q4/2020 and Q12021): 289
In total, 395 units (including previously purchased Antminer T17 and GPU powered units) will be connected by December 15, 2020.
Steve Rubakh, CEO of Integrated Ventures, Inc, comments:
“The Company is deploying recently raised capital for purchases of the mining equipment, driven by: decrease in power and general operating costs
improved profitability and efficience of the mining equipment
recovery and recent performance of the cryptocurrency markets
significant BTC purchases, reported by major institutions
cryptocurrency sector's maturity, positive developments and acceptance as a viable investment.
Estimated unaudited annual mining revenues, based on BTC price of $17,000 are tracking at $950,000+ vs actual revenues of $454,170 for year 2020.
The difference between genius and stupidity is, Genius has its limits.
Albert Einstein
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