Integrated Ventures Purchases 100 Antminer S17Pro Upgraded With Customized Revenue Enhancing ASIC Firmware By Wattum Management
August 17 2020 - 10:00AM
InvestorsHub NewsWire
PHILADELPHIA, PA --
August 17, 2020 -- InvestorsHub NewsWire -- Integrated Ventures
Inc, (OTCQB: INTV)
(“Company”) is pleased to announce an execution of purchase order
and scheduled delivery for 100 Antminer S17Pro mining
rigs.
The purchase order is valued at $127,000 and will
be delivered to PetaWatt, NY, in next 2 weeks. The Company has
retained Wattum Technologies to install and deploy
custom ASIC firmare, designed (1) to increase hashing rate from
56TH to 72TH, while maintaining a low power consumption, (2) to
optimize equipment performance and (3) to improve profitability by
20%.
Additional details about Wattum Management and
the profitability data is available at
https://wattummanagement.com/blog/wattum-firmware-for-antminer-s17-s17pro/
In next 4-6 weeks,
the Company plans to purchase an additional 400 assorted miners,
pending equipment availability by
manufacturers.
Steve Rubakh, CEO of
Integrated Ventures, adds the following commentary: “We are very
satified with reliable and proffessional services and support by
Wattum Management team. Our Company heavily relies on their
industry leading platform that delivers a complete turn-key mining
solution, including (1) complete facility management, (2)
installation and deployment of custom ASIC firmware, (3) equipment
sales and repairs and (4) an access to the pool of talented
technicians and software developers. Wattum Management has been
tasked with switching Integrated Venture's mining equipment, from
low performing models such Antminer S9/L3 to the newest models such
as Antminer S17/S19.”
About Integrated Ventures
Inc: Technology Holdings Company with focus on
cryptocurrency sector as
well as implementation of M&A roll-up, a growth driven
strategy, seeking to achieve, above market, risk-adjusted returns,
primarely by targeting: (1) companies in the financial distress,
(2) undergoing a turnaround or (3) undervalued companies that are
looking for financial assistance, due to the current economic
conditions. For more information, please visit
the
company's website at
www.integratedventuresinc.com.
Safe Harbor
Statement:
The
information posted in this release may contain forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. You can identify these statements by use of the
words "may," "will," "should," "plans," "explores," "expects,"
"anticipates," "continue," "estimate," "project," "intend," and
similar expressions. Forward-looking statements involve risks and
uncertainties that could cause actual results to differ materially
from those projected or anticipated. These risks and uncertainties
include, but are not limited to, general economic and business
conditions, effects of continued geopolitical unrest and regional
conflicts, competition, changes in technology and methods of
marketing, and various other factors beyond the company's
control.
Integrated Ventures (QB) (USOTC:INTV)
Historical Stock Chart
From Aug 2024 to Sep 2024
Integrated Ventures (QB) (USOTC:INTV)
Historical Stock Chart
From Sep 2023 to Sep 2024