INTEGRATED VENTURES INC - INTV STOCK NEWS

Integrated Ventures Inc. (OTCQB: INTV) announced record results for Q3 2021, with revenues reaching $696,805, a 432% increase from Q3 2020. The company's gross profit from mining and equipment sales soared to $429,908, a significant turnaround from a gross loss of ($87,710) in Q2 2021. Total assets rose to $5,145,938, and digital currency holdings reached $1,515,201. With ambitious plans, INTV aims for annual mining revenues of $32 million by June 2022.

Integrated Ventures Inc (OTCQB: INTV) has partnered with Wattum Management to acquire 4,800 Antminer S19J (100 Th) digital currency miners from Bitmain Technologies Limited. The total purchase price amounts to approximately $34,047,600, with payments scheduled from April 2021 through June 2021. Additionally, the company purchased 150 WhatMiners for $1,078,000. This move is expected to double the company's hash rate and potentially generate between $19 million and $21 million in revenue over the next year based on BTC pricing of $60,000.

Integrated Ventures, Inc. (OTC: INTV) has entered a securities purchase agreement to sell approximately $9.0 million worth of its common stock and warrants. The offering includes 30.0 million shares at a purchase price of $0.30 per share, along with warrants for the same amount, exercisable immediately with a five-year expiration. The offering is expected to close around April 1, 2021, subject to closing conditions. Kingswood Capital Markets is the placement agent for this offering, made under an effective shelf registration statement with the SEC.

Integrated Ventures (OTCQB: INTV) announced on March 17, 2021, that its digital portfolio reached a value of $1,634,991. Current holdings include 17.30 Bitcoin, 158.05 Ethereum, 7,095.53 Chainlink, 58,223 Decentraland, and 4,834 Basic Attention Tokens. CEO Steve Rubakh highlighted that Grayscale Investments launched three new funds focused on Chainlink, Decentraland, and Basic Attention Token, providing further backing for Integrated Ventures’ holdings. The company plans to maintain and potentially expand its core positions in the cryptocurrency market.

Integrated Ventures, Inc. (OTCQB: INTV) has filed a universal shelf registration statement on Form S-3 with the SEC, allowing for the potential offering of up to $50 million in various securities. This move enhances the Company's flexibility to access capital markets when optimal conditions arise, aimed at benefitting shareholders by seizing business opportunities. The registration statement is pending effectiveness, and securities cannot be sold until it is active. The Company specializes in technology holdings within the cryptocurrency sector.

Integrated Ventures (OTCQB: INTV) has entered a 3-year colocation and hosting contract with Compute North LLC, aimed at lowering mining operational costs and enhancing hash rate efficiency. Starting March 30, INTV will ship Avalon A1246 miners to Compute North's facilities in Nebraska and Texas. The deal facilitates the management of mining operations with onsite support, while INTV plans to secure additional equity funding for more miners. This partnership strives to optimize power capacity and expand INTV's cryptocurrency mining operations.

Integrated Ventures Inc (OTCQB: INTV) has executed contracts to purchase 600 Avalon 1246 miners from Canaan, Inc (NYS: CAN) for a total cost of $2,713,000 plus shipping. The mining units feature a hashing rate of 90TH. Deliveries will be split into three batches: 300 in March, 50 in May, and 250 in August. CEO Steve Rubakh indicates that this marks the beginning of a long-term collaboration and the company is finalizing a significant capital raise, aiming to enhance mining operations and profitability, alongside preparing for an uplisting to a senior exchange.

Integrated Ventures, Inc has executed a $7.0 million Preferred Equity Investment Agreement with BHP Capital NY, Inc. The company has received $3.0 million of this funding and plans to acquire over 1000 miners from Canaan and MicroBT. The agreement allows BHP Capital to purchase up to 4,000 Preferred Class D shares convertible into common shares. CEO Steve Rubakh reported daily revenues from its mining operations ranging from $9,000 to $9,500, translating to annual revenues exceeding $3.2 million.

Integrated Ventures Inc. (OTCQB: INTV) announced on February 16, 2021, that it has eliminated all of its convertible debt, enhancing its balance sheet. CEO Steve Rubakh expressed optimism about the company's growth and potential uplisting to a major stock exchange, emphasizing the importance of a strong financial position for shareholder confidence. The company expects this debt elimination and anticipated revenue growth to positively influence its Q3 financials. Integrated Ventures operates in the technology sector, with a focus on cryptocurrency.