Integrated Ventures Completes Purchase of 600 Avalon Miners Manufactured By Canaan, Inc Valued At $2,713,000
March 01 2021 - 9:15AM
InvestorsHub NewsWire
PHILADELPHIA, PA -- March 1, 2021 --
InvestorsHub NewsWire
-- Integrated Ventures Inc, (OTCQB: INTV)
(“Company”) is pleased to confirm an execution of two sales
contracts, for the purchases of 600
miners, manufactured by Canaan, Inc (NASDAQ:
CAN).
Model Avalon 1246 is the highest hashing unit,
manufactured by Canaan and one of the most profitable and efficient
miners available.
The detailed summary is as
follows:
-
Model: Avalon 1246
-
Hashing Rate: 90TH
-
Qty: 600
-
Total Cost: $2,713,000 +
shipping
-
Delivery Schedule: 300/March, 50/May,
250/August.
Steve Rubakh, CEO of Integrated Ventures,
adds:
“This transaction between two publicly traded
companies is the start of a long term
collaboration.
The Company is in final stages of securing a
large capital raise by leading Wall Street institution. The use of
proceeds will include (1) pre-scheduled, monthly purchases of
mining equipment, (2) finalizing the contract for power, in excess
of 5 mw, with major collocation and hosting facility and for (3)
legal expenses, related to the uplisting
process.
The Management is looking forward toward the next
12 months, as we begin to perform the due diligence, in terms of
uplisting requirements, while aggresively focusing on (1) expansion
of our mining operations and (2) revenue and profitability
growth”.
About Integrated Ventures
Inc: The Company operates as Technology Holdings Company with focus on
cryptocurrency sector.
For more information, please visit 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.
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