Integrated Ventures Announces A Purchase of 50
Nemesis Mining Rigs To Ramp Up Its The Ethereum Mining
Operations
Philadelphia, PA -- November 27, 2017 -- InvestorsHub Newswire
-- Integrated Ventures, Inc., (OTCQB:
INTV) is pleased to disclose that it has placed a purchase
order for Nemesis GPU based mining rigs.
Due to the market demand for the ETH and easy access to the
additional capital, the Company has decided to increase its
original order for Ethereum mining rigs from 25 to 50 units.
Purchase order details as follow:
- Total Value: $115,500
- Number of Units: 50
- Model: Nemesis 8G (Specs: 8 GPU X 6GB Nvidia GSX1060).
- Delivery Schedule: by December 22, 2017 (estimated)
Upon a delivery, installation and setup, the Company is expected
to generate an estimated $1.70 per each GPU or $13-$15 per rig/per
day, which shall result in an additional $240,000 (investors can
verify these revenue projections by visiting
www.nicehash.com/profitability-calculator). Taking into an account,
various general expenses, including electricity, connectivity and
hosting, EBITDA for this purchase only, is projected to be around
$192,000 per year.
Steve Rubakh, CEO of Integrated Ventures, Inc., comments: "The
Company is aggressively indentifying and pursuing all opportunities
in rapidly evolving and developing crypto mining market. Our team
is convinced that ETH currency is heading towards $1,000 level.
With the current price of $480.00, which represents a monthly jump
of over 63%, the mining of ETH, also known as Crypto Silicon
Currency, has become very profitable. Today's purchase will allow
the Company to capitalize on surging demand for Ethereum."
About Integrated Ventures, Inc: the Company is focused on
acquiring, launching and operating companies, primarily in the
technology, mobile applications and healthcare transportation
sectors.
About BitcoLab: This majority owned subsidiary is pursuing
opportunities in crypto currency sector with focus on bitcoin
mining, hosting, pooling, manufacturing and distributing of own
brand of mining equipment and the development of blockchain based
applications for financial markets.
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.