#Crypto Energy News- Integrated Ventures’ (OTC: $INTV) Recent Deal With PetaWatt is Gamechanger: Cheap Energy + 6,000 BTC Making Mining Profitable Again
#Crypto Energy News- Integrated
Ventures’ (OTC: $INTV) Recent Deal With PetaWatt is Gamechanger: Cheap Energy +
6,000 BTC Making Mining Profitable Again
May 10, 2019- ( Investorideas.com newswire ) Wallstreetpr.com Reports:
Integrated Ventures, Inc (OTCQB:
INTV), currently trading at lower levels of its 52-week price range, is a
pure play on bitcoin mining, but market forces have pushed it to evolve and
adapt to extreme bear market conditions in the price of Bitcoin. Bitcoin mining
is literally becoming a story of the survival of the fittest. The biggest
variable in a mining operation boils down to the cost of the mining rigs and
the cost of electricity. The players that can adapt and survive in the coming
boom and bust cycles are the best of breed companies. INTV fits the mold
because not only does it mine but its involved in other activities that
generate cash flow. These activities include; hosting, co-location, mining
pools and mining equipment sales.
The most important variable cost in mining is the cost of power
and INTV has come up with brilliant strategy to secure its place as a mining
powerhouse with signing of a multi year hosting and marketing agreement with
PetaWatt, LLC, located in upstate NY. By gaining access to the lowest price for
power (under $.05/kwh), the company have procured a solution to become the
lowest cost cryptocurrency player in the Northeast and possibly the nation.
Most bitcoin miners are paying anywhere between $.06-12 kw/h. The PetaWatt's
capacity of 120 MW has the capacity to power up to 100,000 mining rigs. It
rivals the prices paid by miners, located in Wenatchee with very cheap
hydroelectric power. In the volatile space of cryptocurrency, INTV came up with
the most grounded and cost-effective model in the sector, which again not only
allows them to survive a unpredictable crypto market but to deliver much higher
profit margins relative to the market fluctuations. That upward shift is
potentially happening as we speak.
Read this in full at https://www.investorideas.com/news/2019/cryptocurrency/05101OTCINTV-PetaWatt.asp
Crypto Winter Signs of Thawing
Nigel Green, the CEO of UK-based DeVere Group discussed the state of the crytptocurrency market and declared that the recent upward break in bitcoin confirms the
markets have found a long term bottom and that the “Cypto Winter” is finally
over. Cryptocurency traders are buzzing about
Bitcoin and pointing to the historical RSI and how that is signaling an
imminent bull run. These are just some empirical examples that the
overall bearish mood in cryptocurrencies is starting to change and turn
bullish. On December 15, 2018 the CoinMarketCap was $101 billion off from
its January 7, 2018 high of $813 billion.
More recently the market capitalization has been moving over $180
billion which is essentially an 80% bounced off the lows in the past 4 months.
It’s great to look at these technicals, but the essence of the story
always traces back to the fundamentals.
The hash rate and difficulty level are designed to throttle the bitcoin
rewards was going up at an unsustainable pace last year and peaked in October
2018. It was taking an incredible amount of computing power to mine a
bitcoin for very little reward.
Eventually miners turned off these machines and the difficulty level and
hash rate dropped for the first time in a very long time. Too many mining rigs entered the market at
once and that led to the correction. Now difficulty levels and hash rates
have bottoms and bitcoin is starting its new ascent. Overall, Bitcoin mining in 2018 hasn’t been as
profitable as in 2017 despite an increase in overall revenue. With the network
hashrate continuing to increase astronomically, miners now pay higher
electricity tariffs severely affecting their bottom-lines.
Will BTC $6000 Bring on the BULL MARKET for Crypto?
There is tremendous upside if bitcoin can get traction. Right now,
$BTC is sitting around $6000 holding its nearly $1500 rise since April 1, 2019.
Bitcoin’s ability to maintain this trading level will bring confidence to
crypto traders, especially the ones that went into retirement after a rough
2018.
Yes, BTC was nearly $20k in its prime, where hindsight is 20/20 by
saying it moved up too fast, too quickly. Even though bitcoin struggled
throughout the year, declining from the $9000 range to the $6000 range, the
biggest dagger for both crypto traders and miners came late in 2018. On
November 13, 2018, BTC was $6282 and sunk an additional 50% over the next month
where it hit a bottom of $3194 on December 15, 2018.
At these dismal trading levels, the cost of mining was too much
and almost every bitcoin miner had to flick the power switch leaving their
power hungry hightech rigs to collect dust. With BTC recovering to $5000+,
miners are near a breakeven point again, while those, like INTV that can
control their energy costs are profitable again.
We’d like to think $6000 is the next benchmark that will kick
start the BTC bull market. We think the sideline money is increasingly gaining
confidence in the crypto market again. The strong CBD, cannabis market has
unfortunately become oversaturated and most seasoned investors welcome a sector
to become hot again--thus the crypto market. If we can see $6000, don’t be
surprised to see traders of old jumping on the bandwagon again, inflating
stocks and coins to new 52 weeks highs as the money shifts from sectors like
cannabis back into crypto.
How long will the bull-rush last is the question, but we do know
that investors are ready to pounce on the opportunity when it arises, which
many are betting will be sooner than later.
5 Ways INTV Can Survive the BITCOIN Bear Market
- Securing Competitive Electricity Rates. By
partnering with PetaWatt, Integrated Ventures will have access to reliable
power source and low pricing structure.
- Generating Cash Flow via Hosting, Mining &
Revenue Share Services. Integrated Ventures intends to generate
significant revenue through hosting and revenue share services.
- Locking-In Record Low Hosting Rates on
Long-Term Contracts. Integrated Ventures’ access to low cost power
will allow the company to offer the most competitive hosting rates in the
industry, spiking demand for long-term contracts.
- Implementing “Plug-and-Play” Container
Solutions. Integrated Ventures will offer access to
mobile mining containers for ASIC and GPU miners, creating a “WeWork”
-style mining option for those seeking hosting space. Initially, this
modular structure will be used in-house to control ramp-up and ramp-down
as coin prices fluctuate.
- Purchasing Discounted Mining Rigs from Secondary Markets. Integrated Ventures will keep
costs low by purchasing equipment on the secondary market, a strategy that
was not possible when the market was in its infancy.
Long Term Power Contracts
Without a long-term supply of cheap power, a miner cannot sustain
operations through the lean times. Luckily for INTV, with newly signed agreement,
power expense will represent approximately 40% of the overall mining cost while
those at .09 KWh its nearly 95% of their cost. For those miners with rates at
.10+ they cannot continue to mine even at the current rates of over $5000. This
again is where INTV has such a huge advantage while they can gain 225% vs
power, someone at .095 is breaking even, thus in a bear market where bitcoin is
$3-$4000, INTV can still mine for profitability while others have to stop
mining to avoid losses.
For INTV this is a blank slate for them to build the ideal mining
operation. No existing miner is better positioned than INTV. Low power
costs allow them to lock in long term hosting contracts creating that all
important stream of revenues.
|
Public Company
|
Ticker
|
Capacity
|
O/S
|
Rig Capacity
|
Price
|
Market Cap
|
Revenue est
|
|
Integrated Ventures
|
INTV
|
80 MW
|
20.5 mil
|
52,000
|
$.08
|
$1.64 mil
|
$400,000
|
|
HIVE Blockchain
|
HVBTF
|
44.2 MW
|
314 mil
|
10,000
|
$.56
|
$175.8 mil
|
$33.3 mil
|
|
Riot Blockchain
|
RIOT
|
12 MW
|
13.4 mil
|
7,800
|
$5.30
|
$71.0 mil
|
$7.7 mil
|
|
MGT Capital
|
MGTI
|
10 MW
|
195.8 mil
|
6,500
|
$.082
|
$16.0 mil
|
$2.02 mil
|
|
Marathon Patent Grp
|
MARA
|
2.0 MW
|
6.4 mil
|
1,300
|
$3.15
|
$20.16 mil
|
$1,562,373
|
The Competition
For Integrated Ventures, many of little mining companies have shut
down or adapted to the bear market by shifting company focus into a different
sector such as gaming or cannabis. For the big boys that weathered the storm as
INTV did, when looking at the grid above, we find just how much potential
Integrated Ventures has versus its peers.
Its Megawatt capacity sticks out like a sore thumb, as HVBTF (Hive
Blockchain) worth in excess of $175m has just a little over half of INTV’s
power potential and 19% of their current rig capacity, yet Integrated Ventures
is only 1/100th the valuation of HIVE.
If you continue to compare and contrast INTV’s potential to the
other competitors, one can see, that if crypto gets hot again, not only are
they undervalued amongst their peers in this sector, in conjunction with the
biggest upside potential, is a recipe for success investors may want to jump
on.
Investment Summary
The recent market pressure is related to the conversion of 128k
convertible note and stock sales by investors, related to two M&A
transactions, that occurred in summer of 2018. The stock is extremely oversold
and represents minimal risk at these levels. Management clearly has a unique
vision, a wealth of experience, and is executing their business plan. INTV is
poised to expand operations at the perfect time in the business cycle using the
ideal bitcoin mining model of purchasing discounted mining rigs, hosting, and
locking in long term collocation contracts as the price rises. INTV is
morphing into the lowest cost producer of cryptocurrency with the greatest
capacity. They are poised to become the
market leader by the end of this year if they simply operate a just one fifth
of their capacity. Their business model is designed to survive a bitcoin
meltdown yet profit handsomely if it rises. Relative to their peers their
market cap is extremely undervalued, and investors are simply not pricing in
what the new low cost power structure
will look like with newly signed deal.
Source
: WallstreetPR.com By Andrew
Klips https://www.wallstreetpr.com/integrated-ventures-otc-intv-recent-deal-with-petawatt-is-a-gamechanger-cheap-energy-6000-btc-making-mining-profitable-again-41459
Wallstreet PR disclaimer “Please note that this article was
provided to Wallstreetpr.com by Falcon Strategic Research. Please note that
Falcon Strategic Research has been compensated compensated 10,000 restricted
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checked on the content to make sure its true.
Original company news:
Integrated Ventures Signs A Multi Year Hosting And
Marketing Agreement With PetaWatt Properties, LLC
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