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LESTIN WEALTH & ASSET MANAGEMENT ANNOUNCES OWNERSHIP STAKE IN INTEGRATED VENTURES INC.

Quote:We are pleased to announce our acquisition as of 12.28.2020 in Integrated Ventures Inc. We believe thanks to the recent regulation and taxability of cryptocurrencies, Integrated Ventures has tremendous upside as a cryptocurrency miner, equipment manufacturer, seller of mining rigs and blockchain software. With the appreciation of crypto currency prices and Integrated Ventures’ large crypto position we expect tremendous growth.

The CEO and founder of Ark Invest, one of the biggest gainers of 2020 with its investments in Tesla and other disruptor and innovation companies has an estimate for the Bitcoin crypto currency alone to rise to $500,000 which would greatly benefit Integrated Ventures Inc. and their stock price; especially considering Bitcoin is not their only cryptocurrency holding.

Lestin Wealth & Asset Management Research sees the growth in revenue to continue its upward trend and for the company to reach profitability by Q2 2021. As the price of bitcoin continues making record highs, with Integrated Ventures as a large holder we esteem them to be an undervalued asset.

Integrated Ventures owns and operates approximately 925 miners that mine Bitcoin (BTC), Litecoin (LTC) and Ethereum (ETH). Mining is the process by which cryptocurrencies are created resulting in new blocks being added to the blockchain and new bitcoins being issued to the miners. Miners engage in a set of prescribed complex mathematical calculations in order to add a block to the blockchain and thereby confirm cryptocurrency transactions included in that block’s data. Miners that are successful in adding a block to the blockchain are automatically awarded a fixed number of bitcoins for their effort. To begin mining, a user can download and run the network mining software, which turns the user’s computer into a node on the network that validates blocks.

Cryptocurrency payouts are paid, and the digital currency produced is stored in a cryptocurrency wallet or sold in the open market. Payout proceeds are automatically deposited in corporate bank accounts.

The company also invests in certain cryptocurrencies to supplement mining operations. These investments are considered to be similar to short-term liquid assets where cryptocurrencies are purchased and held to be sold.

Integrated Ventures is also holding Chain-Link and other cryptocurrencies as long-term positions which we see to be beneficial in the company’s future. By June 30, 2020 the Chain-Link position alone was worth almost $85,000 and this is now valued at over $300,000 calculating the purchase price vs. the current price of the cryptocurrency; at a market capitalization of $3.1 million we see this company as undervalued. With revenues totaling almost $500,000 from mining operations and equipment sales transactions, more than 900 mining rigs valued at $460,000. INTV recently entered an asset purchase agreement with a company called DigiMine for 150 more mining machines, and $175,000 unrestricted cash for 16,000 of Integrated Ventures series B preferred stock. The company also entered an asset purchase agreement with Secure Hosting LLC for 182 Ethereum mining machines.

The company also operates all their locations rent-free as they are owned and not rented which lowers the over-head and risk of payment defaults. Integrated Ventures also has a three-year power supply and purchase agreement which allows them to control to the cost of their electricity and utility in order to not pay exorbitant fees on wattage used for mining cryptocurrencies. This agreement stands with PetaWatt properties LLC.

This leads us to believe there is great growth potential as the price of cryptocurrencies increase and they continue to mine and produce Bitcoin, Litecoin and Ethereum coins. We also believe that with revenue and assets worth almost $1.5 million this company is worth considerably more than $3.1 million.

We are pleased to announce our partnership with Integrated Ventures Inc. and expect to continue being a large shareholder while also accumulating more ownership not to exceed 4.9% of the company.

https://www.lestinwealth.com/post/lestin-wealth-asset-management-announces-ownership-stake-in-integrated-ventures-inc