Integrated Ventures Inc (INTV)

[jpstockman]

Miners that were barely profitable in the 30-40k range will either store bitcoin until they can sell it higher or take their rigs offline. This will dip the difficulty some and level out for some miners who can float the bear market.

The question is, will intv have to dilute again to survive until the next bull cycle?


Intv peaked at $6 with 15mil shares back in 2017. To make it through the bear cycle intv diluted to 150mil shares and we saw the stock price hit $.60+ last year, so the math adds up. A higher bitcoin price and the halving just about equaled out, so we were able to peak a bit higher than in 2017.

Now we're at 205mil shares outstanding.

Watch the share count and the bitcoin price during the next bull run to estimate where we'll go from here.

This doesn't account for miner numbers, so there's still some math to be done.