Integrated Ventures Restarts Purchasing Mining Equipment From Bitmain Technologies As Bitcoin Pricing Approaches $9,000
May 30 2019 - 9:30AM
InvestorsHub NewsWire
Integrated Ventures
Restarts Purchasing Mining Equipment From Bitmain Technologies As
Bitcoin Pricing Approaches $9,000
PHILADELPHIA,
PA -- May 30, 2019 -- InvestorsHub NewsWire
-- Integrated Ventures Inc, (OTCQB: INTV)
(“Company”) is pleased to announce an execution of multiple
purchase orders of mining equipment with Bitmain
Technologies.
An initial purchase order of 40 units (Antminer
S9J) was funded on 05/24/2019. In next 30 days, the Company plans
to purchase an additional 250 units from Bitmain Technologies,
pending confirmation from manufacturer, in regards of equipment
being available.
The Company has decided to restart purchasing of
mining equipment due to:
-
decrease in power and general operating
costs
-
improved profitability of mining
equipment
-
steady recovery of the cryptocurrency
markets
-
positive legal and
compliance environment
-
increase in the business activity by
major financial institutions
Steve Rubakh, CEO of Integrated
Ventures, adds: “Due to the recent strength in crypto
markets, the Company has decided to restart purchases of
mining equipment from
Bitmain Technologies. Initial order of 40 units) was a subject to the
volume limitations, placed by the manufacturer. The Company
intends to purchase mining equipment, on bi-weekly basis, using
existing cash flow. We believe that current shareholders will be
very pleased with status of our progress at NY
facility. Moving forward, the Company is very confident of
further revenue and profitability growth and potential for the
business expansion opportunities going forward”.
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.
Contact:
Steve Rubakh
215 613 1111
sr@emsfindapp.com
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