INTV - Breaking Crypto Miner Stock News - Integrated Ventures Files Q3/2024 With Mining Revenues Of $1983250 And Positive Earnings Of $0.05 Cents Per Share
2024-05-15 13:00:00 ET
May 15, 2024 (Investorideas.com Newswire) 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 relesed after market close, on 05/15/2024, for financial period, ending on March 31, 2024.
The following news is paid disseminated news:
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
Research more bitcoin stocks with Investorideas.com free stock directory https://www.investorideas.com/Bitcoin-Cryptocurrency/Stocks_List.asp
About Investorideas.com - Big Investing Ideas
Investorideas.com is the go-to platform for big investing ideas. From breaking stock news to top-rated investing podcasts, we cover it all. Our original branded content includes podcasts such as Exploring Mining, Cleantech, Crypto Corner, Cannabis News, and the AI Eye. We also create free investor stock directories for sectors including mining, crypto, renewable energy, gaming, biotech, tech , sports and more. Public companies within the sectors we cover can use our news publishing and content creation services to help tell their story to interested investors. Paid content is always disclosed.
Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure: this news bite featuring INTV is a paid for service on Investoriiodeas . More disclaimer info: More disclaimer and disclosure info https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/
Contact management and IR of each company directly regarding specific questions. Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp
Follow us on Twitter @investorideas @@stocknewsbites
Follow us on Facebook https://www.facebook.com/Investorideas
Follow us on YouTube https://www.youtube.com/c/Investorideas
Sign up for free stock news alerts at Investorideas.com
https://www.investorideas.com/Resources/Newsletter.asp
Contact Investorideas.com
800 665 0411