Integrated Ventures Inc (OTCMKTS:INTV) is charging hard out of the gate out of the holiday weekend. INTV has opened early trading with a spike upward of more than 40%. Overall, INTV has struggled toward the end of the year with a downward trend after reaching its all-time high price of $5.59. What’s behind the big move?
However, to keep some perspective here, INTV started the year worth less than nothing and now is holding strong above $2. If you bought in early, you have to be still pretty happy with your purchase. In other news, INTV has secured $1M in funding from an institutional investor. INTV also has the option to pay back the funding with digital currency as well.
Integrated Ventures Inc (OTCMKTS:INTV) trumpets itself as a diversified holdings company that acquires, invests in and operates businesses primarily in the cryptocurrency, on-demand transportation, and mobile applications sectors with a seasoned management team, solid operating histories, minimum debt, high growth potential and tangible assets.
The company is focused on implementing unique business strategies, creating liquidity through asset-based infrastructure, supporting and improving operations, infusing an additional growth capital, maintaining and expanding a market presence in their niche sectors, while constantly enhancing this process by a multitude of initiatives.
Integrated Ventures, Inc. invests in, acquires, and operates revenue generating companies primarily operating in the healthcare, mobile technologies, transportation, and consumer goods markets.
The company was formerly known as EMS Find, Inc. and changed its name to Integrated Ventures, Inc. in July 2017. Integrated Ventures, Inc. is based in Huntingdon Valley, Pennsylvania.
According to company materials, “The Company is focused on acquiring, launching and operating companies, primarily in the mobile technologies, ride share transportation and cryptocurrency sector consisting of digital asset mining, hosting, pooling, mining equipment manufacturing, and the development of blockchain-based applications for financial markets.”
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“We view this multi-tranch funding round as our beta test and an initial entry into the financial sector. Blockchain technology along with all digital currencies are gaining increased market attention and adoption. CryptoFunder is a great business tool that can assist public companies to secure a minimally dilutive funding, driven by a secured ledger. This lending platform is a prime example of how blockchain-based technologies can be leveraged to disrupt financial markets. Today’s news is a win-win for the Company and its shareholders: (1) it secures funding to purchase mining equipment and (2) it signals the start of a new revenue stream.Integrated Ventures intends to act only as an exclusive cloud mining partner and to establish relationships with lending groups and investment funds, so that they can directly market CryptoFunder to their client base including initiating and managing the loan process,” said Steve Rubakh, CEO of INTV.
The use of proceeds as follows:
- To purchase $600,000 warehouse facility to be used as main mining farm
- To fund facility build out: shelving/connectivity/vent/heavy power system installation
- To purchase additional mining rigs and related equipment (mining and sales)
- To complete blockchain development for CryptoFunder
- To re-design corporate website
- To engage an investor relations firm.
At this time, carrying a capital value in the market of $23.62M, INTV is pre-revenue, which is something all potential investors must keep in mind. INTV has 104 mining rigs rolling and this funding will secure more get up and running soon. We expect another update before the end of the year, so stay tuned. Sign-up for continuing coverage on shares of $INTV stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in $INTV, either long or short, and we have not been compensated for this article.