INTV - Bitcoin Stock News Bite - Integrated Ventures Delivers 376% Q2-to-Q1 Growth; Revenues Of $1728108 vs $1059064
2024-02-09 09:30:00 ET
February 9, 2024 (Investorideas.com Newswire) Investorideas.com ( www.investorideas.com ) Bitcoin Stock News Bites - Integrated Ventures Inc. (OTCQB: INTV), ("Company") is pleased to confirm filing of Q2/2024 Report, scheduled to be filed after market close, on 02/09/2024, for financial period, ending on December 31, 2023.
Financial Highlights (*) are as follow:
Total Revenues: For the Q2/2024, the Company had generated the revenues of $1,728,108.00 vs $1,059,064.00 for Q1/2024.
Gross Loss/Profit: Excluding Equipment Depreciation Expense, the Company's mining operations produced gross profit of $556,358.00 vs accounting based loss of $189,362.00.
Net Income Loss/Profit: Excluding Equipment Depreciation Expense, the Company's mining operations produced net income profit of $391,381.00 vs accounting based loss of $354,340.00.
Total Assets: As of December 31, 2023, the Company reported the total assets, in the amount of $5,445,348.00.
Total Current Liabilities: As of December 31, 2023, the Company reported the total liabilities (non-cash), in the amount of $3,026,042.00 (Q2/2024) vs $2,975,452.00 (Q1/2024).
Total Liquid Assets (Cash+ Digital Securities): The ending balance was $816,316.00 (Q2/2024) vs 705,423.00 (Q1/2024).
Net Loss Per Share: the Company's net loss per common share reported was (0.00) cents (Q2/2024) vs (0.01) (Q1/2024).
* Operational Highlights:
# of miners online: 2,500+
Mining gross margins: 35-40%,
Network difficulty: 75+
BTC pricing: $44,000.00+ (as of 02/07/2024).
Annual mining revenues are projected to be in $7.5-8 million range.
Integrated Ventures,Inc is diversified holdings company that develops, acquires, operates and invests in businesses, focused on ai/information technology, data center design and cryptocurrency mining. Company's current, revenue generating operations consist of digital currency mining and hosting.
www.integratedventuresinc.com .
Read the company's full news and disclaimer here:
https://finance.yahoo.com/news/integrated-ventures-delivers-376-q2-133000140.html
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