Integrated Ventures Officially Opens It's 2nd Mining Location And Expects Revenues To Double In Next 30 Days
December 05 2017 - 9:45AM
InvestorsHub NewsWire
Integrated Ventures Officially
Opens It's 2nd Mining Location And Expects Revenues To
Double In Next 30 Days
Philadelphia, PA -- December 5, 2017 -- InvestorsHub NewsWire
-- Integrated Ventures, Inc., (OTCQB:
INTV) (“Company”) is pleased to provide the following
operational update to its shareholders:
- The Company has received an initial shipment of 50 units
of L3 Antminer (AL3), 5 units of A4+ LTC Master (A4LTC) and 10
units of Nemesis 8G (N8G) on 11/20/2017
- Mining Operations were launched on 11/22/17.
- As of 11/30/2017, 55 (L3/A4) units have been installed.
- Due to the capacity limitations, the remaining 10 (N8G) units
are scheduled to be installed at our newly opened location
- Total revenues generated thru 12/04/2017 were $15,757.15
The Company's current digital inventory is as follows:
BTC = 0.589 ($6,953.00)
ETH = 17.198 ($8,039.04)
LTC = 7.442 ($764.91)
Total value is $15,757.15.
The shipment consisting of 45 units of Antminer L3 and 10 units
of Antminer S9 has arrived on 12/04/2017.
The Company is scheduled to open it's Mega Minery on 12/05/2017
and to install all newly arrived units by 12/12/2017. At that time,
based on the live mining results, the Company expects to start
generating revenues of $70,000 per month.
Steve Rubakh, CEO of Integrated Ventures, Inc adds: ”This
operational update confirms that the Company has officially entered
the revenue generating phase. We have been receiving an
unprecedented number of multi-million dollar funding offers, enough
to purchase up to 1500 additional mining rigs. However, in order to
accept any funding, the Company must increase its our mining
capacity. Thus, the focus is on upgrading and expanding of our
electric grid capacity so that we will be able to install an
additional mining equipment. Our current initiatives such a
successful launch of mining operations, blockchain applications
development and sales of our own brand of the mining equipment,
shall deliver a steady stock price growth in the next 12
months.”
About Integrated Ventures, Inc: The
Company is focused on acquiring, launching and operating
companies, primarily in the 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.
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