Breaking Crypto Miner Stock News -Integrated Ventures (OTCQB: $INTV) Files Q3/2024 with Mining Revenues Of $1,983,250 And Positive Earnings Of $0.05 Cents Per Share; @IntVentures
Breaking Crypto Miner Stock News -Integrated Ventures
(OTCQB: $INTV) Files Q3/2024 with Mining Revenues Of $1,983,250 And Positive
Earnings Of $0.05 Cents Per Share; @IntVentures
May 15, 2024
-- Investorideas.com (www.investorideas.com) Breaking
Bitcoin Stock News - Integrated Ventures Inc. (OTCQB: INTV) is pleased to confirm filing of Q3/2024 Report,
scheduled to be released after market close, on 05/15/2024, for financial
period, ending on March 31, 2024.
The following news is paid disseminated news:
Read this news, featuring INTV in full at https://www.investorideas.com/news/2024/cryptocurrency/05152Integrated-Ventures-INTV.asp
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 transactions 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.
Source
Read
the company’s full news and disclaimer here:
https://finance.yahoo.com/news/integrated-ventures-files-q3-2024-152400903.html
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