Integrated Ventures Signs IT Consulting Agreement With Wattum, Inc And Provides Details On Latest Purchases Of The Mining Equipment From Bitmain Technologies, LTD
PHILADELPHIA, PA / ACCESSWIRE / August 8, 2019 / Integrated Ventures Inc, (OTCQB:INTV) (“Company”) is pleased to provide this operational update:
(1) On 08/06/2017, the company has signed Business Development and Consulting Agreement with Wattum, Inc, NY based operator of mining pool services for mining companies. Wattum agreed to provide the following services:
to install/confire/monitor/manage mining equipment
to enhance equipment profitability
to provide network monitoring and software support
to partner and market of hosting and pool services.
(2) During past 90 days, the Company has purchased 162 BTC mining rigs, from Bitmain Technologies, valued at $137,290.08.
(3) As of 08/05/2019, the number of units that are installed and ready for mining is 800. The actual number of CONNECTED AND REVENUE GENERATING units has reached 550.
Steve Rubakh, CEO of Integrated Ventures, comments: “During 2 day meetings at Mining Disrupt Conference (Miami, FL), both companies decided to expand its current relationship. The Company sees this Agreement with Wattum as a strategic business collaboration, designed to ramp up expansion plans, to facilitate day-to-day management of mining operations and to enhance the execution of the Company's cryptocurrency business strategy”.
About Integrated Ventures Inc: The Company operates as Technology Holdings Company with focus on cryptocurrency sector. For more information, please visit company's website at www.integratedventuresinc.com.
About Wattum, Inc: NY based, high tech and comprehensive mining pool, build on industrial quality platform and offers software solutions, cloud mining services, powered by data centers, located in the US and Canada. The company is focused on providing cloud mining services for ETH, BTC and other altcoins with flexible contract pricing and market driven adjustments, designed to maximize profitability. Additional information is available by visiting their corporate website at www.wattum.io.
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.
SOURCE: Integrated Ventures, Inc.
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