Integrated Ventures Inc (INTV)

[jdcpa1]

Pr out.. finally some decent clarity. $22.5M of equipment being deployed into the operations. I like it..

From.the PR:
Company adds the following commentary: “In terms of mining revenues, Q3's results were below expectations, mainly related to the (1) overall weakness in cryptocurrency markets and (2) ubrupt termination of our mining operations in NY, due to the financial failures by the Petawatt Holdings, Inc. All mining equipment has been re-located to our new facility, located in Tioga, PA. The Company plans to launch its PA operations, by the end of May, 2022 and will update shareholders with any developments. Our financial obligations to Bitmain set to expire on July 1, 2022. As result, the Company's inventory of 3,100+ miners, currently valued over $22,500,000, will be fully paid for. This was accomplished by relying mainly on existing cash flow and without issuing new shares and without creating new debt financial obligations.”