dipbuy
1 month ago
Integrated Ventures Files Q3/2024 With Mining Revenues Of $1,983,250 And Positive Earnings Of $0.05 Cents Per Share
PR Newswire
PHILADELPHIA, May 15, 2024
PHILADELPHIA, May 15, 2024 /PRNewswire/ -- Integrated Ventures Inc. (OTCQB: INTV), ("Company") is pleased to confirm filing of Q3/2024 Report, scheduled to be released after market close, on 05/15/2024, for financial period, ending on March 31, 2024.
Steve Rubakh, CEO of Integrated Ventures, Inc, adds the following commentary:
"We are pleased to deliver a record quarterly mining revenues with positive earnings of 0.05 cents per common share. Our liquid position is at the highest level ever and will used to support potential M&A transactions and to acquire additional, more efficient mining equipment. It must be noted that Integrated Ventures has became an early adopter and deployed new accounting standards for this filing (known as ASU-2023-08) to book crypto assets, using fair value method."
Financial (Year To Year) Highlights (Q3/2024 vs Q3/2023) are as follow:
Total Mining Revenues: Company had generated the mining revenues of $1,983,250.00 vs $1,472,813.00.
Net Income Profit/Loss: INTV's mining operations produced net income profit of $297,283.00 vs loss of ($1,766,615.00).
Total Assets: Company reported value of the total assets, in the amount of $5,947,859.00 vs $6,590,569.00.
Total Current Liabilities: INTV had reported the total liabilities (non-cash), in the amount of $3,306,111.00 (non-cash) vs $2,975,452.00.
Total Liquid Assets (Cash+ Digital Securities): Company's ending balance was $2,007,296.00.
Net Profit/Loss Per Share: INTV's net income (profit) per common share reported was 0.05 cents vs loss of ($1.03).
About: Integrated Ventures,Inc is diversified holdings company that develops, acquires, operates and invests in businesses, focused on ai/information technology, e-commerece, data center design and cryptocurrency mining.
Company's current, revenue generating operations consist of digital currency mining and hosting.
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.
Contact: (215) 613-9898, sr@integratedventures.io
Cision View original content:https://www.prnewswire.com/news-releases/integrated-ventures-files-q32024-with-mining-revenues-of-1-983-250-and-positive-earnings-of-0-05-cents-per-share-302146526.html
SOURCE Integrated Ventures Inc.
ap17
1 month ago
Nutshell:
THE FUTURE OF BITCOIN 🔮
By 2040, every corporation can expect to work with Bitcoin in some way.
That’s the latest prediction out from Michael Saylor.
Saylor
In his latest interview, Saylor broke down exactly how he sees the future of Bitcoin playing out.
The approval of the Bitcoin ETFs in January 2024 is the beginning of the corporate adoption era.
“2024 kicked off the era of corporate adoption and institutional adoption of Bitcoin.”
Michael Saylor
Saylor believes that 2024 - 2028 will see major banks around the world become Bitcoin custodians:
“This is the period when we’ll see some major banks. Banks in South America, banks in Europe or banks in the US. They will become Bitcoin custodians. Who will be the leader in that space? We’ll know by 2028.”
Michael Saylor
2024 - 2028 will also see large corporations adopt Bitcoin as a treasury asset.
Saylor explains that large corporations typically move VERY slowly on big decisions like these. (think about the number of compliance meetings…)
But as Bitcoin becomes more mainstream, it’ll be clear that it’s the right move.
“This is the year when you’ll start to see large corporations adopting Bitcoin as a treasury asset. We’ll have fair value accounting and it’ll become much more normal. You’ll start to see a universe of 20, 30, 40, 50, 100 companies that have some Bitcoin exposure.”
Michael Saylor
Beyond 2028, Saylor is forecasting “breakneck growth” for Bitcoin.
The next 12 years (2028 - 2040) will see Bitcoin become a growth industry.
And every corporation can expect to work with it in some capacity.
“From 2028 on to maybe 2040… That’ll be just breakneck growth… That’ll be the growth years… From there it will be a growth industry… Every corporation will expect to work with it. Everybody will understand it.”
Michael Saylor
After 2040, Bitcoin will be 30 years old.
Saylor makes the comparison that this period will be like the first 30 years of the internet.
So in Saylor’s opinion, it sounds like we’re still extremely early…
ap17
1 month ago
Good news for BTC, unfortunately NEVER translates here.......NEVER!
nutshell:
HERE THEY COME 🤑
BREAKING: Susquehanna discloses $1.3 billion in spot Bitcoin ETF investments
Bitcoin
Susquehanna International Group has just disclosed $1.3 billion of investments in Bitcoin ETFs. 🤯
Susquehanna is one of the largest companies to invest in spot Bitcoin ETFs today.
Estimates put their assets under management at ~$481 billion.
This disclosure comes from a 13F filing with the SEC.
A 13F is a mandatory quarterly report required from institutional investment managers with at least $100 million in assets under management. These disclosures give insights into current equity holdings.
Here’s the breakdown of Susquehanna’s Bitcoin holdings:
17.3 million shares of Grayscale’s GBTC: $1.1 billion
1.3 million shares of Fidelity’s FBTC: $83.7 million
583,049 shares of BlackRock’s IBIT: $23.6 million
560,832 shares of Bitwise’s BITB: $21.7 million
508,834 shares of Ark’s ARKB: $36.1 million
256,354 shares of VanEck’s HODL: $20.6 million
255,814 shares of WisdomTree’s BTCW: $19.3 million
166,200 shares of Invesco’s BTCO: $11.8 million
192,391 shares of Valkyrie’s BRRR: $3.9 million
(This filing also only discloses purchases made up until March 31st, 2024)
Did you notice one of the Bitcoin ETFs missing from the list?
Susquehanna is currently invested in nine of the ten Bitcoin ETFs on the market.
But, Franklin Templeton’s EZBC didn’t make the cut… (ouch)
We’ve heard from many of the ETF issuers that institutional investment in Bitcoin is only just beginning.
And here it is, the first of (hopefully) many LARGE company filings. 😎