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The Fascinating Story of Integrated Ventures Inc (OTCMKTS: INTV)

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Integrated Ventures Inc (OTCMKTS: INTV) has been on a fast rise in recent days since reversing off $0.0088 lows. The stock has surpassed $0.02 and continues to move higher on significant voliume pushed by a fast growing shareholder base.

BTC has once again surpassed $10k per coin and all crypto related stocks are seeing renewed interest from Invcestors – some like INTV with fires in the oven have embarked on significant moves.

Integrated Ventures Inc (OTCMKTS: INTV) is a diversified holdings company that acquires, invests, launches and operates businesses, primarily in the technology sector with focus on cryptocurrency, including (1) digital currency mining and hosting, (2) manufacturing and distribution of the mining equipment and (3) blockchain development and deployment. The company is focused on implementing innovative and profitable strategies, creating liquidity through asset based infrastructure, supporting and improving operations, infusing growth capital, maintaining and expanding a market presence in the niche sector initiatives.

INTV discontinued its prior operations and changed its business focus from its prior technologies relating to the EMS Find platform to acquiring, launching and operating companies in the cryptocurrency sector, mainly in digital currency mining, equipment manufacturing, and sales of branded mining rigs, as well as blockchain software development.

The Company is developing and acquiring a diverse portfolio of digital currency assets and block chain technologies and mining revenues commenced in November 2017. Cryptocurrencies are a medium of exchange that uses decentralized control (a block chain) as opposed to a central bank to track and validate transactions. The Company, through its wholly owned subsidiary, BitcoLab, Inc., is currently mining Bitcoin, Litecoin and Ethereum, whereby the Company earns revenue by solving “blocks” to be added to the block chain. In May 2019, INTV consolidated all of its mining operations and signed a three-year lease and power purchase agreement with PetaWatt Properties, LLC, located in upstate New York.

On February 11 INTV announced financial results for the period, ending December 31, 2019. For the 3 months, ended December 31, 2019, the Company had generated total revenues of $134,301 vs $87,470, for period ended December 31, 2018, which equates to 54% growth rate. Company reported a significant reduction in total general and administrative expenses from $173,512, for the 3 months, as of December 31, 2018, to $87,140, as of December 31, 2019. For the 6 months, ended December 31, 2019, the Company had generated total revenues of $243,142 vs $202,715, for period ended December 31, 2018, which equates to 20% growth rate. Company reported a significant reduction in total general and administrative expenses from $730,434 (excluding one time impairment of assets charge), for the 6 months, as of December 31, 2018, to $194,525, as of December 31, 2019.
As of December 31, 2019, the Company’s total assets were valued at $978,911.

Steve Rubakh, CEO, adds the following commentary: “For the 3 months, ended December 31, 2019 vs December 2018, the Company’s total revenues grew at 54%. Total outstanding amount owed to St George Investments has been reduced from $500,000 to $161,044. The Company safely navigated the crypto market downturn and is confident in its ability to maintain its revenue growth by deploying profitable mining equipment and aggressively pursuing strategic M&A transactions with goal of rapidly increasing shareholder’s value. In next few weeks, the Company plans to update shareholders and investors with detailed updates and relevant disclosures.”

Currently trading at a $1.3 million market valuation INTV is fully reporting OTCQB and has growing revenues reporting $233,479 in sales for the 6 months ended September 30, 2019 up from $178k for the same period last year. INTV is an excitring story in small caps – the Comany recentlyt consolidated all of its mining operations and signed a three-year lease and power purchase agreement with PetaWatt Properties, LLC, located in upstate New York. As CEO Steve Rubakh said “The Company safely navigated the crypto market downturn and is confident in its ability to maintain its revenue growth by deploying profitable mining equipment and aggressively pursuing strategic M&A transactions with goal of rapidly increasing shareholder’s value.” We will be updating on INTV on a daily basis so make sure you are subscribed to microcapdaily.com so you know what is going on with INTV.

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Disclosure: we hold no position in INTV either long or short and we have not been compensated for this article.

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