Integrated Ventures Acquires The Remaining Mining Assets Of Digimine, LLC
May 03 2018 - 9:35AM
InvestorsHub NewsWire
Integrated Ventures Acquires The Remaining Mining Assets
Of Digimine, LLC
Philadelphia, PA., May 3, 2018, InvestorsHub NewsWire —
Integrated Ventures, Inc. (OTCQB:
INTV) (the "Company"), today announced that it has executed
Asset Purchase Agreement (“APA”) to acquire the remaining assets of
digiMINE, LLC, consisting of mining rigs, digital currency and
cash.
Pursuant to the executed APA, the aggregate consideration for
all the assets being acquired, consist of 20,000 Restricted
Preferred B Shares, to be issued to the digiMINE, LLC.
The Asset Purchase Agreement (“APA”) involves the purchase of
(1) 97assorted ASIC miners and related mining equipment, (2)
$200,000 in cash and (3) Sia UI and wallet with 554,702 digital
coins, currently valued at estimated $16,500.
Use of proceeds for cash consist of purchasing an additional 70
ASIC S9 miners and investing into equipment related to the power
capacity for the newly opened 5,900 sq ft warehouse facility,
located in Marlboro, NJ.
Following the completion of this equity based APA, Integrated
Ventures will own 817 assorted cryptocurrency
miners, consisting of Antminer S9, Antminer L3, Antminer X3,
Antminer A3, Nemesis 8G and Panda B3 Pro models.
Steve Rubakh, CEO of Integrated Ventures, Inc, comments: “The
Company is marching towards its internal goal to deploy 1,000
mining rigs by August 1, 2018. INTV has relocated all mining
equipment from Armstrong St, PA to Paul St, PA, which resulted in
annual savings of $21,000 and commenced the mining operations at
Boundary St, NJ with an initial connection of 45 mining rigs. In
addition, we are pleased to report that the Company is in final
states of finalizing the settlement agreement with LG Capital, in
regards accounts payable item, in the amount of $135,000 and
anticipates retiring this non-convertible debt within 14 days, via
cash payment.”
About Integrated Ventures Inc: Integrated
Ventures is focused on acquiring, launching and operating companies
in the cryptocurrency sector (“BitcoLab”), mainly in digital
currency mining, equipment manufacturing, sales of branded mining
rigs (“Nemesis”) and blockchain software development
(“LoanFunder”).
For more details, please visit www.integratedventuresinc.com.
***About Cryptocurrency Investments &
Risks***
Integrated Ventures urges all current and potential investors to
visit: (1) SEC website: https://www.sec.gov/news/public-statement/statement-clayton-2017-12-11,
(2) NASAA website: http://www.nasaa.org/44073/nasaa-reminds-investors-approach-cryptocurrencies-initial-coin-offerings-cryptocurrency-related-investment-products-caution/
and (3) FINRA website: https://www.finra.org/investors/highlights/dont-fall-cryptocurrency-related-stock-scams
to understand the risks
involved in cryptocurrency investing.
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.
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