Integrated Ventures Inks 3 Year Crypto Mining Contract With Compute North

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.