Le Lézard
Classified in: Mining industry, Science and technology, Business
Subject: ERN

Integrated Ventures Reports Q3/2022 Financial Results With Total Revenues Of $1,431,819 And Gross Profit Of $307,492.00


Philadelphia, Pa., May 16, 2022 /PRNewswire/ -- Integrated Ventures Inc. (OTCQB: INTV), ("Company") is pleased to confirm that on 05/11/2022, Q3/2022 Report, covering financial period, ending on March 31, 2022, was filed.

Key Highlights, reflecting financial period of 9 months, for year 2021 vs 2022, are as follow:

Company adds the following commentary: "In terms of mining revenues, Q3's results were below expectations, mainly related to the (1) overall weakness in cryptocurrency markets and (2) ubrupt termination of our mining operations in NY, due to the financial failures by the Petawatt Holdings, Inc. All mining equipment has been re-located to our new facility, located in Tioga, PA. The Company plans to launch its PA operations, by the end of May, 2022 and will update shareholders with any developments. Our financial obligations to Bitmain set to expire on July 1, 2022. As result, the Company's inventory of 3,100+ miners, currently valued over $22,500,000, will be fully paid for. This was accomplished by relying mainly on existing cash flow and without issuing new shares and without creating new debt financial obligations."

About Integrated Ventures Inc: The Company operates as Technology Holdings Company with focus on cryptocurrency sector. Additional information is available by visiting company's website at www.integratedventuresinc.com.

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.
 

Media contact: [email protected], +1 (215) 613-1111

SOURCE Integrated Ventures Inc.


These press releases may also interest you

at 07:30
AGF Investments Inc. (AGF Investments)  today announced the proposed termination of AGF Global Opportunities Bond ETF (ticker: AGLB), AGF Systematic Canadian Equity ETF (ticker: QCD) and AGF Systematic Emerging Markets Equity ETF (ticker: QEM) (each...

at 07:26
GOL Linhas Aéreas Inteligentes S.A. ("GOL" or "Company") , one of the leading airlines in Brazil and part of the Abra Group, today announced its consolidated results for the fourth quarter of 2023 (4Q23). The Company remained focused on operational...

at 07:24
Ericsson today announced that on March 28, 2024, the independent compliance Monitor appointed by the U.S. Department of Justice (DOJ) (in June of 2020 in connection with Ericsson's resolution of historical violations of the Foreign Corrupt Practices...

at 07:15
SinglePoint Inc (CBOE: SING) ("SinglePoint" or "the Company") subsidiary Boston Solar, a proud partner of the Boston Red Sox and a leading provider of solar energy solutions, proudly announces their transformative solar installation project at Pelham...

at 07:15
Kraken Technology Group, a maritime technology leader specializing in the disruptive design and manufacturing of high-performance platforms, and Auterion, the company building the software-defined future for mobile robotics and powering the world's...

at 07:10
D-Wave Quantum Inc., ("D-Wave" or the "Company") a leader in commercial quantum computing systems, software, and services, today announced financial results for its fourth fiscal quarter and year ended December 31, 2023. "Our momentum is...



News published on and distributed by: