Integrated Ventures Acquires
199 Revenue Generating GPU Rigs From Secure Hosting, LLC Valued At
$868,800
Philadelphia, PA.
-- July 11, 2018 -- InvestorsHub NewsWire -- Integrated
Ventures, Inc. (OTCQB:
INTV) ("Company") today announced that it has entered into a
Letter Of Intent ("LOI") with Secure Hosting, LLC ("Seller") to
acquire certain cryptocurrency equipment ("Assets") consisting of
199 revenue generating GPU based mining rigs.
Pursuant to the
LOI, the aggregate consideration for the Assets being acquired,
consists of 39,679 Preferred B restricted shares, being issued to
the selling shareholders of the Secure Hosting, LLC. Both parties
intend to sign an Asset Purchase Agreement ("APA") no later then
July 30, 2018.
The mining rigs are
as follow:
131 BitWorks (240
mhs) - Powered By 8 X AMD RX570 GPUs (valued at
$392,869)
68 BitWorks (375
mhs) - Powered By 8 X NVIDIA P102 GPUs (valued at
$475,932)
As part of this
LOI, the Company plans to execute a Hosting Service Agreement with
30,000 sq ft/8 MW data center, located in Graham, NC, to host all
acquired mining rigs, at an average rate of $85.00 (all-in) per
month.
The projected (*)
annual revenues are as follow:
Coins Revenues Models Planned %
*****************************************************************************
ETH $ 865,000
BitWorks/Panda Pro/Antminer E3 40%
BTC $ 480,000
Antminer S9/Antminer S9i 40%
LTC $ 85,000
Antminer L3/Innosilicon A4 15%
ETN $ 115,000
Antminer X3 5%
*****************************************************************************
Total Annual Revenues: $ 1,545,000
*****************************************************************************
"We are very
excited to start the business relationship and collaboration with
Secure Hosting, LLC and confident that today's news will greatly
fast track our mining operations. Based on today's ETH market
pricing, newly acquired rigs are generating over $60,000 per month
with daily expenses capped at $2.78 per unit. The Company is
pleased to confirm that it has successfully consolidated its mining
operations into one facility located in Marlboro, NJ which resulted
in reduction of our monthly expenses and increase in the
operational efficiencies. Starting on August 15, INTV is projected
(*) to start generating monthly revenues in excess of $128,000,"
comments Steve Rubakh, CEO of Integrated Ventures.
About Integrated Ventures Inc: Integrated Ventures is focused
on acquiring, launching and operating companies in the technology
sector with focus on cryptocurrency mining, equipment
manufacturing, sales of branded mining rigs and blockchain software
development.
For more details,
please visit HYPERLINK
"http://www.integratedventuresinc.com/" HYPERLINK "http://www.integratedventuresinc.com/"www.integratedventuresinc.com.
***About Cryptocurrency Investments & Risks***
Integrated
Ventures urges all
current and potential investors to visit: (1) SEC website:
HYPERLINK
"https://www.sec.gov/news/public-statement/statement-clayton-2017-12-11"https://www.sec.gov/news/public-statement/statement-clayton-2017-12-11,
(2) NASAA website: HYPERLINK "http://www.nasaa.org/44073/nasaa-reminds-investors-approach-cryptocurrencies-initial-coin-offerings-cryptocurrency-related-investment-products-caution/"
http://www.nasaa.org/44073/nasaa-reminds-investors-approach-cryptocurrencies-initial-coin-offerings-cryptocurrency-related-investment-products-caution/
and
(3) FINRA website: HYPERLINK "https://www.finra.org/investors/highlights/dont-fall-cryptocurrency-related-stock-scamsto"
HYPERLINK
"https://www.finra.org/investors/highlights/dont-fall-cryptocurrency-related-stock-scams"https://www.finra.org/investors/highlights/dont-fall-cryptocurrency-related-stock-scams
HYPERLINK
"https://www.finra.org/investors/highlights/dont-fall-cryptocurrency-related-stock-scamsto"
to understand the
risks involved in cryptocurrency investing.
(*) Projected numbers are based on the following
cryptocurrency market pricing: BTC $6,400.00, ETH $445.00, LTC
$80.00 and ETN 0.013.
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.