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Thursday, June 1, 2023

Integrated Ventures Inc (OTCMKTS: INTV) Heats Up as Crypto Miner Reports Q2 Financial Results and Unveils Big Plans for 2023

Integrated Ventures Inc (OTCMKTS: INTV) continues to move northbound in recent trading since reversing $0.0154 52 week lows. The move up comes after the Company recentnly reported quarterly financial results for the financial period, ended December 31, 2022 as well as updated investors on current operations. For reporting (Q2) INTV generated revenues of $370,292.00. Total mining revenues for six months (Q1-Q2) period, were $925,657.00.

The Company’s CEO Steve Rubakh stated: “INTV’s financial results for Q2/2023 were effected by the crypto bear market and on-going weakness in stock markets. On positive note, all of our S19J Pro 104TH miners, hosted at Wolf Hollow, TX, have been energized and generating a significant cash flow. If Management decides to move forward with Reverse Stock Split, INTV intends to (1) re-submit an application with OTCMarkets, for QX uplist and (2) will proceed to procure M&A deal, required to solidify the Nasdaq uplist process. We will be updating on INTV when more details emerge so make sure you are subscribed to newsytrends.com by entering your email below.

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Integrated Ventures Inc (OTCMKTS: INTV) operating out of Philidelphia, Pennsylvania, is focused on the technology sector and intends on developing, acquiring, operating and investing in high growth industries, such as e-commerce, information technology, data center management and cryptocurrency mining. The Company’s current, revenue generating operations consist of digital currency mining and hosting. The management team is focused on implementing innovative and profitable strategies, creating liquidity through asset-based infrastructure, supporting and improving operations, infusing growth capital, maintaining and expanding a market presence in the niche sector initiatives. 

In January the Company commenced mining operations in Wolf Hollow, Texas after it signed two hosting agreements in Wolf Hollow, Texas and Kearey, Nebraska. Due to the financial difficulties Compute North was forced to file Chapter 11 during which time Generate Capital acquired both mining facilities and re-named them as Delta Site, (NE) and Charlie Site, (TX). In December INTV executed an Amendment Agreement with GC. 

Bitcoin Mining Firm TeraWulf Raises $10M in New Capital to Repay Some of Its DebtsINTV’s mining operations (Delta Site, Charlie Site and Tioga Site) now consist of over 2600 miners, with hashrate reaching 260 PH. Based on (1) total deployed capacity over 7.5 MW , (2) BTC pricing of $16,800, (3) spot hashrate of $63.10 and (4) network difficulty of 34.09T, the Company projects to generate, annually, over $5.6 million in mining revenues. During 2023, INTV plans to diversify its current business strategy, via strategic JV’s and M&A transactions, designed to (1) acquire additional, technology focused assets and (2) facilitate revenue growth. 

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INTV

INTV-Bitcoin-Shield-Logo.pngOn February 14, INTV reported quarterly financial results for the financial period, ended December 31, 2022. For reporting (Q2) financial period, the Company generated revenues of $370,292.00. Total mining revenues for six months (Q1-Q2) period, were $925,657.00. Based on BTC pricing of $22,000, INTV’s monthly revenues for next quarter, projected to be over $475,000.00 and annual revenues, projected to be over $5,700,000.00 million. 

As of 01/03/2023, all Bitmain miners that were delivered to Hollow, TX, have been deployed. Total number of miners, hosted in NE, PA and TX, went up by over 400%, from 625 to 2600. The Company is considering to move forward with Reverse Stock Split, to be used to (1) raise growth capital to purchase additional mining equipment and hosting facilities, (2) to facilitate M&A transaction and (3) to complete 2-step uplist process to OTCQX and eventually to Nasdaq. 

INTV is led by CEO Steve Rubakh who took the Company public in 2015. Starting in 2019, the company entered cryptocurrency sector with focus on mining. Prior to launching INTV, operated a number of revenue generating companies: (1) motorcycle manufacturing & importing, (2) emergency medical transportation and (3) software development for mobile devices. 

INTV CEO Steve Rubakh stated: “INTV’s financial results for Q2/2023 were effected by the crypto bear market and on-going weakness in stock markets. On positive note, all of our S19J Pro 104TH miners, hosted at Wolf Hollow, TX, have been energized and generating a significant cash flow. If Management decides to move forward with Reverse Stock Split, INTV intends to (1) re-submit an application with OTCMarkets, for QX uplist and (2) will proceed to procure M&A deal, required to solidify the Nasdaq uplist process.”  

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Currently trading at a $10 million market valuation INTV os is 316,574,561 with 231,730,756 shares in the public float. INTV is an exciting story developing in small caps with big plans in 2023. As CEO Steve Rubakh stated: “INTV’s financial results for Q2/2023 were effected by the crypto bear market and on-going weakness in stock markets. On a positive note, all of our S19J Pro 104TH miners, hosted at Wolf Hollow, TX, have been energized and generating a significant cash flow. If Management decides to move forward with Reverse Stock Split, INTV intends to (1) re-submit an application with OTCMarkets, for QX uplist and (2) will proceed to procure M&A deal, required to solidify the Nasdaq uplist process. We will be updating on INTV when more details emerge so make sure you are subscribed to newsytrends.com by entering your email below.

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Disclosure: we hold no position in INTV either long or short and we have not been compensated for this article.

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