Investview (“INVU”) Reports $2.8 Million Month in Bitcoin Mining Gross Revenue & Announces Operations Update for July 2021

Rhea-AI Summary

Investview, Inc. (OTCQB: INVU) reported significant growth in Bitcoin production and digital asset holdings for July 2021. The company achieved a gross revenue of $2.8 million, reflecting a 250% increase year-over-year. Gross profit surged to $2.2 million, a remarkable 633% rise, resulting in a gross profit margin of 79%. Over the past 15 months, Investview mined 1,003.08 BTC and holds over 122.75 BTC and 153,789.31 NDAU as of July 31, 2021. The company also expanded its mining operations with the purchase of 1,200 Bitmain T17+ Antminers.

Positive

• Gross revenue of $2.8 million, up 250% year-over-year.
• Gross profit increased to $2.2 million, up 633% year-over-year.
• Gross profit margin of 79%.
• Mined 1,003.08 BTC over the 15 months ending July 2021.
• Holds over 122.75 BTC and 153,789.31 NDAU as of July 31, 2021.
• Expanded Bitcoin mining fleet by purchasing 1,200 Bitmain T17+ Antminers.

Negative

• None.

Eatontown, NJ, Aug. 05, 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 Bitcoin (“BTC“) production and digital asset holdings for July 2021, and an operations update.

July 2021 BTC Production and Digital Asset Holdings

• Gross Revenue of $2.8 million, up 250% Year-Over-Year July
• Gross Profit of $2.2 million, up 633% Year-Over-Year July
• Gross Profit Margin of 79%
• Bitcoin Mined over 15 months period ending July 2021, 1,003.08 BTC
• As of July 31, 2021, Investview holds over 122.75 BTC
• As of July 31, 2021, Investview holds over 153,789.31 NDAU

Operations Update: Hash Rate Growth Plan

In July 2021, SAFETek expanded its fleet of Bitcoin miners with the purchase of 1,200 Bitmain T17+ Antminers. The expansion to SAFETek’s fleet of miners is expected to be fully deployed by mid-September 2021. This will grow SAFETek’s existing fleet of Bitcoin miners to approximately 10,000 miners. As a result, SAFETek’s hashrate capacity is estimated to grow by 22% or 70 petahash per second (PH/s) to a total hashrate of nearly 400 PH/s.

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: Arthur Rome
Phone Number: 732.889.4308
Email: pr@investview.com

FAQ

What are Investview's BTC production figures for July 2021?

Investview produced a gross revenue of $2.8 million and a gross profit of $2.2 million in July 2021.

How much Bitcoin did Investview mine in the past 15 months?

Investview mined a total of 1,003.08 BTC over the 15 months ending July 2021.

What is Investview's current Bitcoin holding as of July 31, 2021?

As of July 31, 2021, Investview holds over 122.75 BTC.

What is the expected growth in Investview's hash rate capacity?

Investview expects a 22% increase in hash rate capacity, totaling nearly 400 PH/s after the deployment of new miners.

What expansion did Investview make in its mining operations?

In July 2021, Investview's SAFETek expanded its fleet by purchasing 1,200 Bitmain T17+ Antminers.