Integrated Ventures Expands Its Mining Operations By Signing 5YR + 5MW Hosting Agreement With Compute North, LLC
06 July 2022 - 11:00PM
ADVFN Crypto NewsWire
Philadelphia,
PA -- July 6, 2022 -- InvestorsHub NewsWire -- Integrated
Ventures, Inc. (OTCQB:
INTV) ("INTV" or "Company"), is pleased to confirm the
execution of a 5-year collocation and hosting contract for
cryptocurrency mining services with Compute North LLC, an industry
leader in reliable and efficient data center infrastructure, with
focus on institutional and large-scale clients, operating in
cryptocurrency mining and high-performance
computing.
Steve Rubakh,
CEO of Integrated Ventures adds the following
commentary:
“Starting on
July 15th, Integrated Ventures plans to start shipping, 1575 of
S19J Pro 100-104TH miners, which were recently purchased from
Bitmain, to the Compute North newest facility, located in Wolf
Hollow, Texas. This is a
second transaction between, INTV and Compute North. INTV expects
the full deployment to be completed by the middle of
August. Between 3 hosting locations in NE, TX and
PA, the Company expects to have over 3,000 miners online, utilizing
over 10MW of power. To complete this 5MW hosting deal and to
satisfy deposit requirements, INTV was able to secure an
equity-based funding, in the amount of $500,000, from BHP Capital,
LLC.”
About
Integrated Ventures Inc: the
Company operates as Technology
Holdings Company with focus on cryptocurrency sector. For more
information, please visit www.integratedventuresinc.com.
Safe
Harbor: The
information provided in this press release may include
forward-looking statements relating to future events or the future
financial performance of the Company. Because such statements are
subject to risks and uncertainties, actual results may differ
materially from those expressed or implied by such forward-looking
statements. Words such as "anticipates," "plans," "expects,"
"intends," "will," "potential," "hope" and similar expressions are
intended to identify forward-looking statements. These
forward-looking statements are based upon current expectations of
the Company and involve assumptions that may never materialize or
may prove to be incorrect. Actual results and the timing of events
could differ materially from those anticipated in such
forward-looking statements as a result of various risks and
uncertainties. Detailed information regarding factors that may
cause actual results to differ materially from the results
expressed or implied by statements in this press release relating
to the Company may be found in the Company's periodic filings with
the Securities and Exchange Commission, including the factors
described in the sections entitled "Risk Factors," copies of which
may be obtained from the SEC's website at www.sec.gov. The Company
does not undertake any obligation to update forward-looking
statements contained in this press
release.
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