PHILADELPHIA, August 17, 2020 / PRNewswire/ - Integrated Ventures Inc, (OTCQB: INTV) (“Company”) is pleased to announce an execution of purchase order and scheduled delivery for 100 Antminer S17Pro mining rigs.
The purchase order is valued at $127,000 and will be delivered to PetaWatt, NY, in next 2 weeks. The Company has retained Wattum Technologies to install and deploy custom ASIC firmare, designed (1) to increase hashing rate from 56TH to 72TH, while maintaining a low power consumption, (2) to optimize equipment performance and (3) to improve profitability by 20%.
Additional details about Wattum Management and the profitability data is available at https://wattummanagement.com/blog/wattum-firmware-for-antminer-s17-s17pro/
In next 4-6 weeks, the Company plans to purchase an additional 400 assorted miners, pending equipment availability by manufacturers.
Steve Rubakh, CEO of Integrated Ventures, adds the following commentary: “We are very satified with reliable and proffessional services and support by Wattum Management team. Our Company heavily relies on their industry leading platform that delivers a complete turn-key mining solution, including (1) complete facility management, (2) installation and deployment of custom ASIC firmware, (3) equipment sales and repairs and (4) an access to the pool of talented technicians and software developers. Wattum Management has been tasked with switching Integrated Venture's mining equipment, from low performing models such Antminer S9/L3 to the newest models such as Antminer S17/S19.”
About Integrated Ventures Inc: Technology Holdings Company with focus on cryptocurrency sector as well as implementation of M&A roll-up, a growth driven strategy, seeking to achieve, above market, risk-adjusted returns, primarely by targeting: (1) companies in the financial distress, (2) undergoing a turnaround or (3) undervalued companies that are looking for financial assistance, due to the current economic conditions. For more information, please visit the company's website at www.integratedventuresinc.com.
Safe Harbor Statement:
The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by use of the words "may," "will," "should," "plans," "explores," "expects," "anticipates," "continue," "estimate," "project," "intend," and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, and various other factors beyond the company's control.