Feb 12, 2021   SOURCE: PR NewsWire

Integrated Ventures Reports Combined Q1 And Q2 Revenues Of $389,872 For Financial Period Ending December 31, 2020

PHILADELPHIA, Feb. 12, 2021 /PRNewswire/ -- Integrated Ventures Inc. (OTCQB: INTV), ("Company") is pleased to confirm the filing of Q2/2020, after the today's market close, for financial period, ending on December 31, 2020.

Key Q1 Financial Highlights:

    --  Total Revenues: For the Q1/-Q2/2020, the Company had generated total
        revenues of $389,872.00 vs $243,142.00 for Q1-Q2/2019. The revenues for
        2020 consist of mining revenues, sales of mining equipment and gains on
        sales of digital currencies.
    --  Gross Profit: For Q2/2020, the Company reported gross profit from mining
        operations and sales of mining equipment in the amount of $19,074.00.
    --  Current Liabilities: As of December 31, 2020, the Company reported total
        current liabilities of $558,292.00, with only $77,081 that require cash
        payment.
    --  Loss From Operations: For Q2/2020, the Company reported loss from
        operations of $72,954.00 vs loss of $216,599.00 for Q2/2019.
    --  Loss Per Share: The Company reported $0.00 net loss per common share.
    --  Operating Expenses: For Q2/2020, the Company reported that its total
        operating and administrative expenses were $92,028.00.
    --  Total Cash: As of December 31, 2020, the Company reported that the
        ending cash balance was $53,052.00.
    --  Total Digital Currencies: As of December 31, 2020, the Company had a
        balance of $123,980.00.
    --  Total Assets: As of December 31, 2020, the Company reported that the
        total assets reported on balance sheet were $692,494.00 and had
        purchased $381,343.00 worth of mining equipment.

Steve Rubakh, CEO of Integrated Ventures, adds the following commentary:

    --  "The Company estimates, based on daily results and current market prices
        of major cryptocurrencies, that Q3/2020 mining revenues will be in the
        range of $400,000.00 to $500,000.00, with profit margins above 65%."
    --  "During Q1/2020, the convertible debt obligations were greatly reduced.
        The Company projects the balance sheet to be 100% convertible debt free,
        by 03/15/2021."

About: Integrated Ventures, Inc. is a technology portfolio holdings company with a focus on blockchain technology and cryptocurrency mining.

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.

Contact:
Steve Rubakh
+1 (215) 613-1111
sr@emsfindapp.com

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SOURCE Integrated Ventures Inc.