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
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 $750 . 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