Integrated Ventures Purchases 110 Mining Rigs and Commercial Real Estate Valued At $650,000

News provided by

Jan 19, 2018, 09:25 ET

PHILADELPHIA, Jan. 19, 2018 /PRNewswire/ -- 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 1 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 01/17/2018, 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.

SOURCE Integrated Ventures, Inc.