Integrated Ventures Restarts Purchasing Mining Equipment From Bitmain Technologies As Bitcoin Prepar
PHILADELPHIA, May 30, 2019 / PRNewswire/ - 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.
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