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- Integrated Ventures Inc (OTC: INTV) confirmed the execution of a 3-year colocation and hosting contract for cryptocurrency mining services with Compute North, an efficient data center infrastructure for investors and large-scale clients in blockchain, cryptocurrency mining, and high-performance computing, with three locations in the U.S.
- The deal is expected to cut direct mining operational costs, maximize and enhance the hash rate and provide growth and expansion opportunities for INTV.
- The company will start shipping the recently purchased Avalon A1246 miners from Canaan, Inc (NASDAQ: CAN) to the Compute North facilities, located in Nebraska and Texas, as of March 30.
- The company expects to secure additional equity-based funding to purchase over 2,000 miners and involve an industry-leading consulting group to launch a new corporate and IR website over the next month.
- The company is estimated to benefit from onsite technicians as per Integrated Ventures CEO Steve Rubakh.
- Price action: INTV shares are up 14.9% at $0.54 on the last check Tuesday.
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