Integrated Ventures Completes Acquisition Of Cryptocurrency Assets Of Secure Hosting, LLC
INTEGRATED VENTURES INC (INTV)
US:NASDAQ Investor Relations:
integratedventuresinc.com
Company Research
Source: PR Newswire
PHILADELPHIA, Aug. 7, 2018 /PRNewswire/ -- Integrated Ventures, Inc. (OTCQB: INTV) (the "Company") is pleased to confirm the signing of a Definitive Asset Purchase Agreement ("DAPA") with Secure Hosting, LLC, ("Seller") to complete the recently announced acquisition of 182 ETH mining rigs, consisting of:(1) 114 Fuel 8 GPU RX570 (2) 68 Fuel 8 GPU P102 (3) 182 Power Source Units. Pursuant to the executed DAPA, the aggregate consideration for all the assets being acquired, consist of 38,019 Restricted Preferred B Shares, to be issued to the Seller or any authorized party.In addition, the Company had executed the Hosting Agreement with HashMaster, LLC, a 30,000 sq ft/8 MW data center, located in Graham, NC. The Company agreed to lease space on per mining rig basis and HashMaster agreed to provide an optimal cooling, sufficient power, connectivity/bandwidth, physical security, 24/7 support, warranty services and virtual monitoring to facilitate hosting of mining rigs owned by the Co
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