Integrated Ventures Inc (OTCMKTS:INTV) took a 14% jump Thursday, extending its rapid run up the charts. The move was triggered by big company news. INTV provided an operational update that had traders coming back to this hot OTC stock.
Steve Rubakh, CEO of INTV, comments: “The team has been flawlessly executing while running at full speed to launch Bitcoin Mining Operations, while building out facilities, coordinating the procurement of the rigs and power supplies, arranging and meeting complicated power requirements, performing equipment testing, installing and monitoring while maintaining optimal mining conditions. The commitment level, the diligence and execution has been phenomenal. The price and resiliency of Bitcoin, along with the growing recognition of the Company’s revenue potential, puts the Integrated Ventures in the favorable position to be very selective in choosing financial and joint venture partners, which has been confirmed by the recent non-dilutive capital raise. Our goal is obvious and clearly broadcasted – to become one of the largest U.S. based mining companies.”
Integrated Ventures Inc (OTCMKTS:INTV) trumpets itself as a diversified holdings company that acquires, invests in and operates businesses primarily in the cryptocurrency, on-demand transportation, and mobile applications sectors with a seasoned management team, solid operating histories, minimum debt, high growth potential and tangible assets.
INTV is focused on implementing unique business strategies, creating liquidity through asset-based infrastructure, supporting and improving operations, infusing an additional growth capital, maintaining and expanding a market presence in their niche sectors, while constantly enhancing this process by a multitude of initiatives.
Integrated Ventures, Inc. invests in, acquires, and operates revenue generating companies primarily operating in the healthcare, mobile technologies, transportation, and consumer goods markets.
The company was formerly known as EMS Find, Inc. and changed its name to Integrated Ventures, Inc. in July 2017. Integrated Ventures, Inc. is based in Huntingdon Valley, Pennsylvania.
According to company materials, “The Company is focused on acquiring, launching and operating companies, primarily in the mobile technologies, ride share transportation and cryptocurrency sector consisting of digital asset mining, hosting, pooling, mining equipment manufacturing, and the development of blockchain-based applications for financial markets.”
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As of today, the Company is confirming:
- 50 units of fully paid Antminer L3 models have been received
- 10 units of fully paid Nemesis 8G models have been received
- 5 units (sample shipment) of fully paid A4+ LTC Master models have been received
All 65 units are expected to be installed by November 30th, 2017 and to generate over $38,000 in revenues for INTV, assuming recent Bitcoin pricing and difficulty rates. Factoring in wireless hosting and connectivity, electricity and other operational expenses, EBITDA for same period, is projected to be at $31,000. According to the company, INTV expects all ordered mining rigs to be in stock and operational by December 29th, 2017. The Company has determined that Etherium Mining has a significant upside and decided to expand its mining focus to ETH and ETH Classic, by acquiring 25 Nemesis 8G (GPU based) computers.
Currently trading at a market capitalization of $5.23M, INTV is pre-revenue at this point, but has been adding market cap in big chunks. The stock needs to be watched and should be on most radars as more and more news comes out about its bitcoin operation. Sign-up for continuing coverage on shares of $INTV stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in $INTV, either long or short, and we have not been compensated for this article.