Integrated Ventures Signs Multi Year Colocation Agreement With Wattum Management
May 20 2021 - 09:00AM
InvestorsHub NewsWire
Integrated Ventures Signs Multi Year Colocation
Agreement With Wattum Management
Philadelphia, PA -- May 20, 2021 -- InvestorsHub
NewsWire -- Integrated Ventures,
Inc.
(OTCQB:
INTV) ("INTV" or "Company"), is pleased to confirm the
execution of a 24-month colocation and hosting contract for
cryptocurrency mining services with Wattum Management, Inc,
(“Wattum”), a facility management company and North American
largest distributor of mining equipment focused on servicing
large-scale clients with hosting locations thru-out USA, Russia and
Canada.
The official operations have been
launched on 05/15/2021, with 100 WhatsMiners being currently
connected and generating an estimated $60,000, in monthly
revenues.
The
container facility is located in Kennerdel, PA with power being
supplied by large power plant. This deal is expected to reduce
direct mining operational costs, maximize and optimize hash rate
and provide growth and expansion opportunities for
INTV.
“The
Company will benefit from 24/7 technicians that will handle the
daily monitoring, troubleshooting, upgrades, firmware management
and more. As a result, the deal is expected to reduce direct mining
operational costs, maximize and optimize hash rate and provide
growth and expansion opportunities for INTV,” says Steve Rubakh,
CEO of Integrated Ventures, Inc.
“Wattum Management offers a comprehensive, all-in
managed service that helps facilitate an end-to-end hosting
solution,” comments Steve Rubakh, CEO of Integrated Ventures. “With
active miner management services, Wattum supervizes miner
efficiency and stability. The result is maximum performance and
minimal downtime for clients, like INTV, who want to ensure their
equipment keeps hashing for the best possible return on
investment.”
About Integrated Ventures
Inc: the
Company operates as Technology Holdings Company with focus on
cryptocurrency sector. For more information, please
visit www.integratedventuresinc.com.
About Wattum Management,
Inc: NY based and privately owned, leading technology corporation,
focused on provideng cost efficient and reliable hosting services,
firmware design, distribution of mining equipment, complete
facility management and mining pool
operations.
Safe
Harbor:
The
information provided in this press release may include
forward-looking statements relating to future events or the future
financial performance of the Company. Because such statements are
subject to risks and uncertainties, actual results may differ
materially from those expressed or implied by such forward-looking
statements. Words such as "anticipates," "plans," "expects,"
"intends," "will," "potential," "hope" and similar expressions are
intended to identify forward-looking statements. These
forward-looking statements are based upon current expectations of
the Company and involve assumptions that may never materialize or
may prove to be incorrect. Actual results and the timing of events
could differ materially from those anticipated in such
forward-looking statements as a result of various risks and
uncertainties. Detailed information regarding factors that may
cause actual results to differ materially from the results
expressed or implied by statements in this press release relating
to the Company may be found in the Company's periodic filings with
the Securities and Exchange Commission, including the factors
described in the sections entitled "Risk Factors," copies of which
may be obtained from the SEC's website at
www.sec.gov.
The Company does not undertake any obligation to update
forward-looking statements contained in this press
release.
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