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#Bitcoin News: Integrated Ventures (OTCQB: $INTV) Restarts Purchasing Mining Equipment from Bitmain Technologies as Bitcoin Prepares To Reach $9,000 Level

 

Huntingdon Valley, PA - May 30, 2019 (Investorideas.com Newswire) Integrated Ventures Inc, (OTCQB:INTV) ("Company") is pleased to announce an execution of multiple purchase orders of mining equipment with Bitmain Technologies.

An initial purchase order of 40 units (Antminer S9J) was funded on 05/24/2019. Additional orders are ready to be funded upon confirmation from manufacturer, in regards of equipment being available for sale.

In next 30 days, the Company plans to purchase an additional 250 units from Bitmain Technologies, pending confirmation from manufacturer, in regards of equipment being available.


The Company has decided to restart purchasing of mining equipment due to:

  • decrease in power and general operating costs
  • improved profitability of mining equipment
  • steady recovery of the cryptocurrency markets
  • positive legal and compliance environment
  • increase in the business activity by major financial institutions

Steve Rubakh, CEO of Integrated Ventures, adds: "Due to the recent strength in crypto markets, the Company has initiated equipment purchases from Bitmain Technologies. Initial order was for 40 units, mainly due to the volume limitations placed by the manufacturer. The Company intends to purchase mining equipment, on bi-weekly basis, using existing cash flow. We believe that current shareholders will be very pleased with status of our progress at NY facility. Moving forward, the Company is very confident of further revenue and profitability growth and potential for the business expansion opportunities going forward".


About Integrated Ventures Inc: The Company operates as Technology Holdings Company with focus on cryptocurrency sector. For more information, please visit company's website at 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 of 1995. 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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Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.

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