(NEW YORK)–Integrated Ventures Inc (OTCQB: INTV) was issued an upgrade on its crypto mining operations by Ludlow Research as Bitcoin makes surge towards $9000 over holiday weekend.
Lower Mining Costs for INTV
The number one issue when it comes to crypto mining is energy costs. This is a key issue that can make one miner profitable at $7000, while others need $9000 to turn profit based on the overall operational energy costs.
On May 7, 2019, INTV signed a 3 year agreement with PetaWatt Properties, LLC to lower its power costs by over 50%, thus greatly enhancing mining profitability and long-term viability. This alone makes INTV a key player to watch in the small cap crypto mining sector.
In addition, Integrated Ventures intends to market PW’s services to diversify its business by offering hosting and pool services via a la carte packages to third-party miners and market participants.
On average, $8400 on BTC was a key trigger where most miners begin making profit from mining operations. BTC had found resistance trying to break above that price from its recent run up, but the surge of BTC to near $9000 may start lighting up the crypto sector, and especially the miner.
For that reason, Ludlow Research has issued an upgrade to INTV as near-term play within the Bitcoin crypto sector. Based on BTC performance going into Tuesday’s open INTV may be expected to open strongly as traders take on new positions.
Ludlow will be releasing a more detailed research opinion on INTV, and investors can request this upcoming report by registering at https://ludlowresearch.com/investors
For the nine months, ended March 31, 2019, the Company had total revenues of $249,319, consisting of revenues from mining operations of $223,874 and equipment and parts retail sales of $25,445. For the twelve months, ended December 31, 2018, the Company had total revenues of $404,034, consisting of revenues from mining operations of $317,127 and from sales of mining equipment of $86,907.
Company’s total assets increased from $829,522, as of June 30, 2018 to $1,420,080, as of March 31, 2019.
Company’s total liabilities were $1,314,38, as of March 31, 2019, a decrease from total liabilities of $2,964,340, as of June 30, 2018.
About Ludlow Research
Ludlow Research is a New York based equity research firm that focuses on providing research coverage and investor awareness services to emerging small-cap companies. For over 12 years we have worked to provide our readers with a simple way of evaluating the current and potential value of small-cap companies, while garnering these clients greater market awareness to new investors. For more information please visit www.ludlowresearch.com
About Integrated Ventures Inc:
Integrated Ventures Inc: (OTCQB:INTV) operates as Technology Holdings Company with focus on cryptocurrency sector. For more information, please visit company’s website at www.integratedventuresinc.com