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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Integrated Ventures Inc (QB) | USOTC:INTV | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.0475 | 3.76% | 1.31 | 1.31 | 1.35 | 1.32 | 1.27 | 1.27 | 1,337 | 19:18:47 |
Integrated Ventures Reports Record Q3/2021 Revenues Of $696,805 With Balance Sheet Containing $3,522,563 In Mining Equipment Assets And $1,515.201 In Digital Currencies
Philadelphia, PA -- May 14, 2021 -- InvestorsHub NewsWire -- Integrated Ventures Inc. (OTCQB: INTV), (“Company”) is pleased to confirm the filing, after today's market close, of its quarterly report on Form 10Q, for the Q3, ended March 31, 2021.
The key financial highlights are as follow:
Steve Rubakh, CEO of Integrated Ventures, adds the following commentary:
“INTV had delivered a record breaking Q3, in terms of (1) total mining revenues, (2) mining equipment purchases (3) total asset growth and (4) equity-based capital raised. Mining revenues increased by 432% in the quarter, while cost of sales and other operating costs (excluding non-cash, related party, 2 year old, stock-based accrued compensation (*)) remained fairly constant.
Based on current cryptocurrency market pricing, INTV projects that mining revenues for Q4/2021 to be above $995,000, which is a 30% increase vs Q3/2021.
The total total revenues for 2021 are projected to be in $2.3-$2.4 million range with a 60%+ gross margin. With zero convertible debt, $14+ million raised and newly secured power capacity, INTV is set to move forward with aggressive expansion plans with a goal to reach, at minimum, $32 million, in annual mining revenues by June 30, 2022.”
(*) Please see page 16 and paragraph 5 (Related Party Transactions) for additional details.
About: Integrated Ventures,Inc.is a Technology Portfolio Holdings Company with focus on Blockchain Technology and Cryptocurrency Mining.
For more details, please visit the Company's website: www.integratedventuresinc.com.
Safe Harbor Statement:
The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of1995. You can identify these statements by use of the words "may," "will," "should," "plans," "explores," "expects," "anticipates," "continue," "estimate," "project," "intend," and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, and various other factors beyond the company's control.
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