Even though crypto prices dropped this week, shares of this technology company are on the move as it looks to expand into crypto mining.
Pennsylvania based Integrated Ventures, Inc. (OTCPK:INTV) a technology holding company with a focus on the crypto sector, announced it would be working with Wattum Management to reduce direct mining operational costs and maximize hash rates. Wattum is North America’s largest distributor of mining equipment focused on servicing large-scale clients with hosting locations throughout the U.S., Russia and Canada.
So far, 100 WhatsMiners are currently connected and generating an estimated $60,000 in monthly revenues. Wattum will help Integrated to provide an end-to-end hosting solution, providing maximum performance and minimum downtime for clients, necessary to keep equipment hashing.
In late-morning trade, shares of Integrated were up almost 10%, but are down from higher levels earlier this year.