INTEGRATED VENTURES INC - INTV STOCK NEWS

Integrated Ventures, Inc. (INTV) has announced a 1-for-125 reverse stock split approved by Finra, effective immediately, with trading on the OTCQB Market switching to 'INTVD' for 20 business days before reverting to 'INTV'. This will reduce outstanding shares from 357,574,561 to 2,860,596 and authorized shares from 750,000,000 to 6,000,000. The company also reported impressive preliminary mining revenues for Q3/2023, totaling $1,472,813, a significant increase from $370,292 in Q2/2023, marking over 250% growth. The total Bitcoin generated was 63.85. CEO Steve Rubakh anticipates further revenue growth in Q4/2023, projecting over $1,700,000. These developments position INTV as an attractive merger candidate for private companies looking to publicize and raise capital.

Integrated Ventures, Inc. (INTV) reported its Q2 2023 financial results on February 14, 2023. The company generated revenues of $370,292 for the quarter, with total mining revenues for the first six months reaching $925,657. Projected monthly revenues for the next quarter are over $475,000, estimating annual revenues exceeding $5.7 million.

However, the company faced a gross loss from mining operations of $308,398 and a total loss from operations of $763,597. Current liabilities stand at $2,855,279, largely due to accumulated dividends. INTV is considering a reverse stock split to facilitate growth and an OTCQX uplist.

Integrated Ventures, Inc. (OTCQB: INTV) has initiated mining operations at its Charlie Site in Wolf Hollow, Texas, as of January 4, 2023. The company operates over 2,600 miners across three facilities, achieving a total hashrate of 260 PH. With a deployed capacity exceeding 7.5 MW and current Bitcoin prices at $16,800, INTV projects annual mining revenues of over $5.6 million. Furthermore, the firm aims to diversify its business strategy in 2023 through joint ventures and acquisitions to enhance revenue growth in technology sectors.

Integrated Ventures (OTC-QB: INTV) announced the filing of its Annual Report on September 27, 2022, revealing a remarkable revenue increase from $1.85M in 2021 to $6.55M in 2022, marking a growth of 254%. Key revenue sources included a 172% rise in cryptocurrency mining and a stunning 2,791% increase in mining equipment sales. The company attributes this growth to BTC's pricing, new operations in Pennsylvania, and strategic equipment acquisitions. Management projects $9M in annual mining revenues based on BTC's market performance.

Integrated Ventures, Inc. (OTCQB: INTV) announced a 5-year collocation and hosting contract for cryptocurrency mining services with Compute North LLC, starting on July 15, 2022. The company will ship 1,575 S19J Pro miners to Compute North's facility in Wolf Hollow, Texas, aiming for full deployment by mid-August. With over 3,000 miners across three locations, INTV anticipates utilizing over 10MW of power. To fund the hosting deal, INTV secured $500,000 in equity-based funding from BHP Capital, LLC.

Integrated Ventures Inc. (OTCQB: INTV) released its Q3 2022 financial report, covering the period ending March 31, 2022. Total revenues surged to $5,894,798 compared to $961,152 in the same period last year. Gross mining profit reached $2,886,130, up from $342,198. The company reported a net income of $758,191, reversing a loss of $17,175,732 year-over-year. Total assets increased to $16,149,447. Despite these gains, company commentary indicated lower-than-expected mining revenues due to cryptocurrency market weakness and operational changes in NY.