Investview (“INVU”) Reports $2.4 Million Month in Bitcoin Mining Gross Revenue & Announces Operations Updates for September 2021
Investview, a diversified financial technology company, announced significant increases in its Bitcoin production for September 2021. The company reported a gross revenue of $2.4 million, marking a 213% increase year-over-year, and a gross profit of $1.8 million, up 463%. The gross profit margin stands at 74%. Since the start of Bitcoin mining operations, Investview has mined a total of 1,124.53 BTC. The company continues to expand its production capabilities through the acquisition of new miners and a repair facility for ASIC mining servers.
- Gross revenue increased to $2.4 million, a 213% increase year-over-year.
- Gross profit rose to $1.8 million, marking a 463% year-over-year increase.
- Gross profit margin improved to 74%.
- Total Bitcoin mined reached 1,124.53 BTC over 17 months.
- Expansion plans include increasing Bitcoin miners to 10,000 and achieving a hashrate of 400 PH.
- None.
Eatontown, NJ, Oct. 12, 2021 (GLOBE NEWSWIRE) -- Investview, Inc. (OTCQB: INVU), a diversified financial technology company that through its subsidiaries and global distribution network provides financial technology, education tools, content, research, and management of digital asset technologies with a focus on Bitcoin mining and the new generation of digital assets, announces its production and operational updates, including its unaudited Bitcoin (“BTC“) production for September 2021.
September 2021 BTC Production and Digital Asset Holdings
- Gross Revenue of
$2.4 million , up213% Year-Over-Year September - Gross Profit of
$1.8 million , up463% Year-Over-Year September - Gross Profit Margin of
74% - Bitcoin Mined over 17 months period ending September 2021, 1,124.53 BTC
- As of September 30, 2021, Investview holds over 95.30 BTC
- As of September 30, 2021, Investview holds over 74,318.69 NDAU
- As of September 30, 2021, Investview holds over 190.17 ETH
Operations Update: Hash Rate Growth Plan Update
SAFETek continues to purchase and expand its fleet of Bitcoin miners to increase its hashrate and Bitcoin production. In addition, SAFETek’s new Bitcoin Miner Repair Facility launched in May of 2021 in Texas, continues to expand with 7 full time employees and is expected to repair and restore over 3,000 ASIC Bitcoin mining servers and deploy them back into production before the end of the year. Together, these new and repaired Bitcoin miners will help support the company’s goal of reaching 10,000 miners and 400 PH by the end of the calendar year 2021.
Note: The numbers included in this release are initial expected results and are un-audited and may differ from numbers reported in our SEC filings due to compliance with US GAAP and are subject to final review by the Company’s independent auditors. Final audited financial statements can be found in our annual SEC Form 10-K filings.
About Investview, Inc.
Investview, Inc. is a diversified financial technology and global distributor organization that operates through its subsidiaries to provide financial education tools, content, research, and management of digital asset technology that mines cryptocurrencies, with a focus on Bitcoin mining and the next generation of digital assets. Investview – driving decentralization of education and finance through a commitment to blockchain technology. For more information on Investview and its family of wholly owned subsidiaries, please visit: www.investview.com.
Forward-Looking Statements
All statements in this release that are not based on historical fact are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements, which are based on certain assumptions and describe our future plans, strategies, and expectations, can generally be identified by the use of forward-looking terms such as "believe," "expect," "may,” “should," "could," "seek," "intend," "plan," "goal," "estimate," "anticipate" or other comparable terms. These forward-looking statements are based on Investview’s current beliefs and assumptions and information currently available to Investview and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by these forward-looking statements. More information on potential factors that could affect Investview’s financial results is included from time to time in Investview’s public reports filed with the U.S. Securities and Exchange Commission (the “SEC”), including the Company’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K. The forward-looking statements made in this release speak only as of the date of this release, and Investview, Inc. (“INVU”) assumes no obligation to update any such forward-looking statements to reflect actual results or changes in expectations, except as otherwise required by law.
Investor Relations
Contact: Mario Romano
Phone Number: 732.889.4308
Email: pr@investview.com
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