Philadelphia, PA -- January 19, 2018 -- InvestorsHub
NewsWire -- Integrated Ventures, Inc., (OTCQB:
INTV) (“Company”) is pleased to provide the following
operational update to its shareholders with an information
regarding (1) current cryptocurrency inventory, (2) mining
equipment purchase and (3) status of the real estate
transaction.
(1) As of 12.01 AM on 01/19/2018, the Company's cryptocurrency
inventory (coin type/quantity/$value) was as follows:
* BTC = 1.3827 ($15,762.78)
* ETH = 3.4068 ($3,536.26)
* LTC = 118.350 ($23,196.60)
Total Market Value: $42,495.64.
(2) On 01/17/208, the Company has placed a Purchase Order with
Bitmain Technologies for mining rigs and assorted mining equipment.
All newly purchased products are expected to be deployed in the
Company's new mining facility. Details are as follow:
* Antminer L3. Qty: 20 units. Cost: $49,142.00. ETA:
02/10/2018.
* Antminer L3. Qty: 30 units. Cost: $73,795.59. ETA:
02/10/2018.
* Antminer L3. Qty: 50 units. Cost: $122,992.59. ETA:
02/10/2018.
* Antminer S9. Qty: 10 units. Cost: $23,991.00. ETA:
03/20/2018.
* Antminer PSU APW3++. Qty: 30 units. Cost: $2,783.24. ETA:
02/10/2018.
* Nemesis 1600W PSU. Qty 50 units. Cost: $3,725.00. ETA:
02/01/2018.
Total Value Of Purchased Equipment:
$276,429.42.
(3) On 01/04/2018, the Company has made an offer to purchase
9,000 SQ FT commercial real estate property, valued at $650,000. On
01/08/2018, the offer in the amount of $450,000 was accepted by the
seller (bank) and both parties have entered into Agreement For The
Sale Of Commercial Real Estate. This agreement is a subject to a
standard 30 days due diligence period. The transaction is expected
to be completed by 03/08/2018.
Steve Rubakh, CEO of Integrated Ventures, comments:”This
operational update confirms that Integrated Ventures is flawlessly
following and executing its growth strategy. Our main focus is on
building out an electric grid with maximum capacity which is the
key to expansion of our mining operations. Purchase of the
commercial real estate is designed to provide enough power capacity
to host about 1500 mining rigs. We are confident that all business
related initiatives will deliver a steady stock price growth for
the next few years.”
About Integrated Ventures Inc: Integrated
Ventures is focused on acquiring, launching and operating companies
in the cryptocurrency sector (“BitcoLab”), mainly in digital
currency mining, equipment manufacturing, sales of branded mining
rigs (“Nemesis”) and blockchain software development
(“LoanFunder”). For more details, please visit www.integratedventuresinc.com.
***About Cryptocurrency Investments &
Risks***
Integrated Ventures urges all current and potential investors to
visit: (1) SEC website: https://www.sec.gov/news/public-statement/statement-clayton-2017-12-11,
(2) NASAA website:http://www.nasaa.org/44073/nasaa-reminds-investors-approach-cryptocurrencies-initial-coin-offerings-cryptocurrency-related-investment-products-caution/
and (3) FINRA website:https://www.finra.org/investors/highlights/dont-fall-cryptocurrency-related-stock-scams
to understand the risks
involved in cryptocurrency investing.
Safe Harbor Statement: 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.