Integrated Ventures Acquires 199 Revenue Generating GPU Rigs From Secure Hosting, LLC Valued At $868,800

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PHILADELPHIA, July 11, 2018 /PRNewswire/ — Integrated Ventures, Inc. (OTCQB: INTV) (“Company”) today announced that it has entered into a Letter Of Intent (“LOI”) with Secure Hosting, LLC (“Seller”) to acquire certain cryptocurrency equipment (“Assets”) consisting of 199 revenue generating GPU based mining rigs.

Pursuant to the LOI, the aggregate consideration for the Assets being acquired, consists of 39,679 Preferred B restricted shares, being issued to the selling shareholders of the Secure Hosting, LLC. Both parties intend to sign an Asset Purchase Agreement (“APA”) no later then July 30, 2018.

The mining rigs are as follow:

131 BitWorks (240 mhs) – Powered By 8 X AMD RX570 GPUs (valued at $392,869)
68 BitWorks (375 mhs) – Powered By 8 X NVIDIA P102 GPUs (valued at $475,932)

As part of this LOI, the Company plans to execute a Hosting Service Agreement with 30,000 sq ft/8 MW data center, located in Graham, NC, to host all acquired mining rigs, at an average rate of $85.00 (all-in) per month.

The projected (*) annual revenues are as follow:

Coins 

Revenues 

Models

Planned %

ETH

$ 865,000

BitWorks/Panda Pro/Antminer E3

40%

BTC

$ 480,000

Antminer S9/Antminer S9i

40%

LTC

$   85,000

Antminer L3/Innosilicon A4

15%

ETN

$ 115,000

Antminer X3

5%

Total Annual Revenues: 

$ 1,545,000

“We are very excited to start the business relationship and collaboration with Secure Hosting, LLC and confident that today’s news will greatly fast track our mining operations. Based on today’s ETH market pricing, newly acquired rigs are generating over $60,000 per month with daily expenses capped at $2.78 per unit. The Company is pleased to confirm that it has successfully consolidated its mining operations into one facility located in Marlboro, NJ which resulted in reduction of our monthly expenses and increase in the operational efficiencies. Starting on August 15, INTV is projected (*) to start generating monthly revenues in excess of $128,000,” comments Steve Rubakh, CEO of Integrated Ventures.

About Integrated Ventures Inc: Integrated Ventures is focused on acquiring, launching and operating companies in the technology sector with focus on cryptocurrency mining, equipment manufacturing, sales of branded mining rigs and blockchain software development.

For more details, please visit www.integratedventuresinc.com.

***About Cryptocurrency Investments & Risks***

Integrated Ventures urges all current and potential investors to visit: (1) SEC website: https://www.sec.gov/news/public-statement/statement-clayton-2017-12-11, (2) NASAA website: http://www.nasaa.org/44073/nasaa-reminds-investors-approach-cryptocurrencies-initial-coin-offerings-cryptocurrency-related-investment-products-caution/ and (3) FINRA website: https://www.finra.org/investors/highlights/dont-fall-cryptocurrency-related-stock-scams” to understand the risks involved in cryptocurrency investing.

(*) Projected numbers are based on the following cryptocurrency market pricing: BTC $6,400.00, ETH $445.00, LTC $80.00 and ETN 0.013.

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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SOURCE Integrated Ventures, Inc.