Integrated Ventures Officialy Launches Its Bitcoin Mining
Operations and Provides An Operational Update.
Philadelphia, PA -- November 22, 2017 -- InvestorsHub NewsWire
-- Integrated Ventures, Inc (OTCQB:
INTV) is pleased to announce the official commencement of its
Bitcoin Mining Operations. This operational update is intended to
provide shareholders and the investment community with up to date
mining statistics and forward looking metrics regarding the
cryptocurrency business.
As of today, the Company is pleased to confirm the
following:
- 50 units of fully paid Antminer L3 models have been
received
- 10 units of fully paid Nemesis 8G models have been
received
- 5 units (sample shipment) of fully paid A4+ LTC Master models
have been received.
All of 65 units are expected to be installed by November 30th,
2017 and to generate over $38,000 in revenues (next 30 days),
assuming recent Bitcoin pricing and difficulty rates. Factoring in
wireless hosting and connectivity, electricity and other
operational expenses, EBITDA for same period, is projected to be at
$31,000.
The Company expects all ordered mining rigs to be in stock and
operational by the December 29th, 2017. The Company has determined
that Etherium Mining has a significant upside and decided to expand
its mining focus to ETH and ETH Classic, by acquiring 25 Nemesis 8G
(GPU based) computers.
Upon full deployment, the total number of mining machines will
consist of approximately 190 assorted rigs and generating in excess
of 1.2 million in revenues, which shall easily exceed ongoing
corporate capital requirements.
Steve Rubakh, CEO of Integrated Ventures, Inc., comments: "The
team has been flawslly executing while running at full speed to
launch Bitcoin Mining Operations, while building out facilities,
coordinating the procurement of the rigs and power suppies,
arranging and meeting complicated power requirements, performing
equipment testing, installing and monitoring while maintaining
optimal mining conditions. The commitment level, the diligence and
execution has been phenominal. The price and resiliency of Bitcoin,
along with the growing recognition of the Company's revenue
potential, puts the Integrated Ventures in the favorable position
to be very selective in choosing financial and joint venture
partners, which has been confirmed by the recent non-diltive
capital raise. Our goal is obvious and clearly broadcasted - to
become one of the largest U.S. based mining companies."
Please note, that the Company believes that all revenue related
calculations are accurate and based on factual information, there
can be no assurance that the Company will be able to achieve all
projections due to number of business related factors, such as
power pricing, mining equipment availability, bitcoin market
pricing and other unforeseen issues in deploying its mining
rigs.
About Integrated Ventures, Inc:
The Company is focused on acquiring, launching and
operating companies, primarily in the mobile technologies,
ride share transportation and crypto currency sector consisting of
digital asset mining, hosting, pooling, mining equipment
manufacturing and the development of blockchain based applications
for financial markets.
More details about Integrated Ventures, Inc is
available at www.integratedventuresinc.com
More details about BitcoLab is available at www.bitcolab.io
Certain statements in this release constitute forward-looking
statements. These statements include the capabilities and success
of the Company's business and any of its products, services or
solutions. The words "believe," "forecast," "project," "intend,"
"expect," "plan," "should," "would," and similar expressions and
all statements, which are not historical facts, are intended to
identify forward-looking statements. These forward-looking
statements involve and are subject to known and unknown risks,
uncertainties and other factors, any of which could cause the
Company to not achieve some or all of its goals or the Company's
previously reported actual results, performance (finance or
operating) to change or differ from future results, performance
(financing and operating) or achievements, including those
expressed or implied by such forward-looking statements. More
detailed information about the Company and the risk factors that
may affect the realization of forward-looking statements is set
forth in the Company's filings with the SEC, copies of which may be
obtained from the SEC's website at www.sec.gov. The Company assumes no, and hereby
disclaims any, obligation to update the forward-looking statements
contained in this press release.