Integrated Ventures
Files Q3/2024 With Mining Revenues Of $1,983,250
And Positive Earnings Of $0.05
Cents Per Share.
Philadelphia,
PA -- May 15, 2024 -- InvestorsHub NewsWire
-- Integrated
Ventures Inc. (OTCQB: INTV),
("Company") is pleased to confirm filing of Q3/2024 Report,
scheduled to be relesed after market close, on 05/15/2024, for
financial period, ending on March 31, 2024.
Steve
Rubakh, CEO of Integrated Ventures, Inc, adds the following
commentary:
"We
are pleased to deliver a record quarterly mining revenues with
positive earnings of 0.05 cents per common share. Our liquid
position is at the highest level ever and will used to support
potential M&A tramsactions and to acquire additional, more
efficient mining equipment. It must be noted that Integrated
Ventures has became an early adopter and deployed new accounting
standards for this filing (known as
ASU-2023-08)
to book crypto assets, using fair value method."
Financial
(Year To Year) Highlights (Q3/2024 vs Q3/2023) are as
follow:
-
Total Mining Revenues: Company had generated the mining revenues of
$1,983,250.00 vs $1,472,813.00.
-
Net Income Profit/Loss: INTV's mining operations produced net
income profit of $297,283.00 vs loss of ($1,766,615.00).
-
Total Assets: Company reported value of the total assets, in the
amount of $5,947,859.00 vs $6,590,569.00.
-
Total Current Liabilities: INTV had reported the total liabilities
(non-cash), in the amount of $3,306,111.00 (non-cash) vs
$2,975,452.00.
-
Total Liquid Assets (Cash+ Digital Securities): Company's ending
balance was $2,007,296.00.
-
Net Profit/Loss Per Share:
INTV's net income (profit) per common share reported was 0.05 cents
vs loss of ($1.03).
About:
Integrated Ventures,Inc is diversified holdings company that
develops, acquires, operates and invests in businesses, focused on
ai/information technology, e-commerece, data center design and
cryptocurrency mining.
Company's
current, revenue generating operations consist of digital currency
mining and hosting.
For
more details, please visit the Company's website:
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 of1995. 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.