May 28, 2019
By John Bodger
(NEW YORK)–Integrated Ventures Inc (OTCQB: INTV) was issued an upgrade on its crypto mining operations by Ludlow Research as Bitcoin makes surge towards $9000 over holiday weekend.
Lower Mining Costs for INTV
The number one issue when it comes to crypto mining is energy costs. This is a key issue that can make one miner profitable at $7000, while others need $9000 to turn profit based on the overall operational energy costs.
On May 7, 2019, INTV signed a 3 year agreement with PetaWatt Properties, LLC to lower its power costs by over 50%, thus greatly enhancing mining profitability and long-term viability. This alone makes INTV a key player to watch in the small cap crypto mining sector.
In addition, Integrated Ventures intends to market PW’s services to diversify its business by offering hosting and pool services via a la carte packages to third-party miners and market participants.
On average, $8400 on BTC was a key trigger where most miners begin making profit from mining operations. BTC had found resistance trying to break above that price from its recent run up, but the surge of BTC to near $9000 may start lighting up the crypto sector, and especially the miner.
For that reason, Ludlow Research has issued an upgrade to INTV as near-term play within the Bitcoin crypto sector. Based on BTC performance going into Tuesday’s open INTV may be expected to open strongly as traders take on new positions.
Ludlow will be releasing a more detailed research opinion on INTV, and investors can request this upcoming report by registering at https://ludlowresearch.com/investors
For the nine months, ended March 31, 2019, the Company had total revenues of $249,319, consisting of revenues from mining operations of $223,874 and equipment and parts retail sales of $25,445. For the twelve months, ended December 31, 2018, the Company had total revenues of $404,034, consisting of revenues from mining operations of $317,127 and from sales of mining equipment of $86,907.
Company’s total assets increased from $829,522, as of June 30, 2018 to $1,420,080, as of March 31, 2019.
Company’s total liabilities were $1,314,38, as of March 31, 2019, a decrease from total liabilities of $2,964,340, as of June 30, 2018.
About Ludlow Research
Ludlow Research is a New York based equity research firm that focuses on providing research coverage and investor awareness services to emerging small-cap companies. For over 12 years we have worked to provide our readers with a simple way of evaluating the current and potential value of small-cap companies, while garnering these clients greater market awareness to new investors. For more information please visit www.ludlowresearch.com
About Integrated Ventures Inc:
Integrated Ventures Inc: (OTCQB:INTV) operates as Technology Holdings Company with focus on cryptocurrency sector. For more information, please visit company’s website at www.integratedventuresinc.com
This is NOT a solicitation to Buy or Sell any security, but rather is for informational purposes only. Content contained herein includes facts, views, opinions and recommendations of individuals and organizations deemed of interest. Wall Street Newscast (“WSNC”) does not guarantee the accuracy, completeness or timeliness of, or otherwise endorse these views, opinions or recommendations, or give investment advice. WSNC, its affiliates, or directors, may or may not hold a position in the above security from time to time, and investors are encourage to consider this as a possible conflict of interest when reviewing this information. In Compliance with SEC Rule 17B Wall Street Newscast was not compensated by company, or any third party, as of the date of this alert. WSNC, or its affiliates, may hold a position in above securities from time to time, and also should be considered a possible conflict of interest when reviewing this report and information. As of date of this alert no positions of above mentioned securities were held by any of our affiliates. These investments may involve a high degree of risk, thus investors are highly encouraged to consult with a financial advisor before any and all investments.
Safe Harbor Statements:
This website includes statements that may constitute forward-looking statements made pursuant to the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Although the Company believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, such statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected.
Small and Micro cap, or ‘penny stocks’, involve a high degree of risk, and we highly encourage investors to consult with a financial advisor before making any and all investment decisions when investing in these type of securities.