(NEW YORK)–Ludlow Research initiated coverage on Integrated Ventures, Inc. (OTCMKTS:INTV) based on the planned launch of their Bitcoin Mining Operations.
The Company stated that as of Nov. 22, 2017, the Company can confirm the following:
– 50 units of fully paid Antminer L3 models have been received
– 10 units of fully paid Nemesis 8G models have been received
– 5 units (sample shipment) of fully paid A4+ LTC Master models have been received
All 65 units are expected to be installed by November 30th, 2017. and are expected to generate over $38,000 in revenues (next 30 days), assuming recent Bitcoin pricing. Factoring in wireless hosting and connectivity, electricity and other operational expenses, EBITDA for same period, is projected to be around $31,000.
The Company expects all ordered mining rigs to be in stock and operational by December 29th, 2017, and has determined that Etherium Mining has a significant upside so has decided to expand its mining focus to ETH and ETH Classic, by acquiring 25 Nemesis 8G (GPU based) computers.
Upon full deployment, the total number of mining machines will consist of approximately 190 assorted rigs and generating in excess of $1.2 million in revenues, which shall easily exceed ongoing corporate capital requirements.
Ludlow Research, a small cap equity research firm based in New York City, announced they had initiated coverage on INTV over the holiday break based on their low market cap valuation, and their pending launch of Bitcoin Mining operations. They are expected to release a more detail analysis of the company, with valuation target price in the coming week, and investors interested in receiving the report can register online to be alerted once available at http://www.wallstreetnewscast.com/investors/
About Integrated Ventures, Inc.
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. www.integratedventuresinc.com
More details about BitcoLab is available at www.bitcolab.io
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