PHILADELPHIA, Dec. 5, 2017 /PRNewswire/ -- 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 its 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 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.
SOURCE Integrated Ventures, Inc