INTEGRATED VENTURES INC - INTV STOCK NEWS

Integrated Ventures (OTCQB: INTV) has reported record revenues of $2,662,161 for Q1/2022, a significant increase from $1,851,390 in 2021. The revenue breakdown includes $717,073 from digital currency sales, $1,040,071 from mining, and $875,017 from equipment sales. The company achieved a gross profit of $842,145, recovering from a loss of $542,239 in the previous year. Ending cash for Q1/2022 reached $687,338, with total digital currency holdings valued at $3,249,454. Shareholder equity surged to $14,719,763 from $546,822.

Integrated Ventures, Inc. (OTCQB: INTV) reports preliminary unaudited Q1/2022 financial results, achieving total revenues of approximately $2,632,161, surpassing 2021 revenues of $1,851,000. The gross profit is expected to be $1,559,218, driven by effective deployment of mining equipment, reduced operational costs, and access to affordable power. Key balance sheet highlights include $687,338 in cash, $9,459,265 in mining equipment deposits, and total assets of $14,719,763. The company anticipates continued revenue growth in Q2/2022.

Integrated Ventures, Inc. (OTCQB: INTV) provided a corporate update on October 1, 2021, highlighting significant operational advancements. The company reported the acquisition of 400 Antminer S19 and 250 Avalon 1166/1246 models, valued at $4,550,000. INTV's current hashing capacity is 82 PH, enabling the production of approximately 14-16 BTC monthly, with a digital currency balance of $1,467,000. The company has over 1,200 miners online, generating daily revenues exceeding $28,000 and projected annual revenues over $10 million. A property acquisition in Tioga, PA, aims to expand power capacity up to 130mw.

Integrated Ventures, Inc (OTCQB: INTV) reported a remarkable 308% increase in year-to-year revenues, totaling $1,851,390 for the fiscal year ended July 30, 2021. The company's total shareholder's equity surged by 2,344% to $13,363,965, driven by significantly enhanced cryptocurrency mining operations. Key financial metrics include a gross profit of $931,014 and a notable increase in cash reserves to $2,097,537. Looking ahead, INTV projects revenues exceeding $35 million for 2022, with strong operational margins.

Integrated Ventures, Inc. (OTCQB: INTV) has joined the USA-based mining pool managed by Foundry Digital, LLC. The company plans to transfer its existing miners to this pool and add 2,400 S19J 100 TH miners by July 30, 2022. Foundry USA Pool focuses on institutional clients, offering competitive payouts and treasury management services to maximize Bitcoin yield. CEO Steve Rubakh emphasized the partnership's importance for shareholder value growth. The company will file its 2021/10K soon, detailing its business progress.

Integrated Ventures, Inc. (OTCQB: INTV) reported preliminary unaudited revenues of approximately $1,868,487 for the fiscal year ending June 31, 2021, a significant increase from $454,170 in 2020 and $279,143 in 2019. Over 75% of these revenues were recorded in Q3 and Q4. The company expects unaudited gross mining profits of $948,111. Key financial highlights include available cash of $2,097,537 and total mining assets of $13,363,965. Future plans include seeking acquisition targets and expanding operations despite delays and contract terminations.

Integrated Ventures Inc (OTCQB: INTV) has partnered with Wattum Management to co-purchase 2,400 WhatsMiner mining rigs over the next 12 months. These energy-efficient models, manufactured by MicroBit, will be supplied on-demand with inventory available on 10 days' notice starting July 2021. CEO Steve Rubakh emphasized the deal's strategic role in enhancing the company's revenue growth rate. Wattum's CEO, Arseniy Grusha, highlighted their mutual commitment to grow mining and distribution operations in the evolving cryptocurrency market.

Integrated Ventures Inc. (OTCQB: INTV) has announced a purchase order with NGD Systems for a custom Chia 2U Mining Server and acquired 8 HP ProLiant servers to enhance its plotting storage capacity. The company is expanding its cryptocurrency mining portfolio by adding Chia (symbol: XCH), known for its environmentally friendly blockchain technology. Chia's main network launched on March 19, and its coin trades between $550 and $1,800. This strategic move positions INTV to benefit from the growing interest in sustainable blockchain solutions.

Integrated Ventures (OTCQB: INTV) has signed a 24-month colocation and hosting contract with Wattum Management, a leading North American cryptocurrency mining equipment distributor. Operations commenced on May 15, 2021, with 100 WhatsMiners generating an estimated $60,000 in monthly revenue. The facility in Kennerdel, PA, aims to reduce mining operational costs, enhance hash rate, and support growth opportunities. Wattum will provide comprehensive support, ensuring maximum performance and minimal downtime for INTV's mining operations.