Home Financial Markets Penny Stocks What Drove INTV Stock Up More Than 20% Tuesday?

What Drove INTV Stock Up More Than 20% Tuesday?

On the closing bell yesterday, shares of cryptocurrency-focused technology holdings company, Integrated Ventures Inc (OTCQB: INTV) soared 20.04% to $0.4001. In contrast to the 2.99M traded on average each month, the volume of the Integrated Ventures stock was 7.01M. After partnering and forging deals around digital currency efforts, INTV stock shot up.

Get the hottest stocks to trade every day before the market opens 100% ‎free. Click here now. 

What were those digital currency efforts?

The Integrated Ventures has announced it has entered a 12-month Sales and Purchase Agreement with BitMain Technologies Limited to acquire 4,800 Antminer Model S19J digital currency miner units.


The 2021 Backdoor Crypto Portfolio (free)

Even if you’re not actively in crypto, you deserve to know what’s actually going on...

Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.

Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free.

Sponsored


Read More

  • INTV has partnered with Wattum Management for this agreement.
  • A total of 12 batches of 400 miners will be produced and shipped by Bitmain each month, starting in August 2021 and continuing until July 2022.
  • INTV and Wattum agreed to acquire 4,800 units, on a 50/50 basis, and to pay Bitmain a total purchase price (TPP) of $34,047,600 under this agreement.
  • Upon signing agreement, INTV has secured price protection against a decline into the future for 12 months.
  • New models of S19JPro miners are also scheduled to be released early in 2022, so the agreement allows INTV the right to replace them with new ones.
  • Payment of 25% of the TPP will be completed when the Sales Purchase Agreement is signed or by no later than April 19, 2021.
  • 35 percent of the TPP must be paid by the end of May 2021.
  • The remaining 40% of the TPP will be due on a monthly basis, starting June 2021.

    Get the hottest stocks to trade every day before the market opens 100% ‎free. Click here now. 

INTV’s further plans:

In addition to its Bitmain purchase, Integrated Ventures (INTV) has purchased 150 WhatMiners, or “PO-2’s”, valued at $1,078,000. INTV will install these miners in container facilities connected to a major power plant located in Kennerdell, PA and managed by Wattum.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Must Read

What Explains MOGO Stock Going Up Today?

The Mogo Inc. (NASDAQ: MOGO) stock has gained 5.04% to $8.55 in premarket trading today. Mogo stock finished last trading day at $8.14, down...

Zynga Inc. (ZNGA) stock rises in the Pre-Market: What’s going on?

Zynga Inc. (ZNGA) announced its first-quarter 2021 financial results after which the ZNGA stock happened to be green after underperformance in the last trade....

American Shared Hospital Services (AMS) Stock Continues to Soar Following Unprecedent Volumes Being Traded

American Shared Hospital Services (AMS) stock prices surged by 30.51% as of market close on May 5th, 2021, bringing the price per share up...

James River Group Holdings Ltd. (NASDAQ: JRVR) stock falls during pre-market. Why is it so?

James River Group Holdings Ltd. (NASDAQ: JRVR) stock plunged by 1.67% at last close while the JRVR stock continued decline by 25.74% at last...

Aviat Networks, Inc. (AVNW) Stock Trending Up After Promising Financial Reports for Most Recent Quarter

Aviat Networks, Inc. (AVNW) stock prices were up 3.81% as of market close on May 5th 2021, bringing the price per share up to...

Ambev S.A. (ABEV) Stock Trends Up Following Highly Promising Earnings Call for Q4 2020

Ambev S.A. (ABEV) stock prices were up 10.3943% shortly after the market opened on May 6th, 2021, bringing the price per share up to...

Sally Beauty Holdings (NYSE:SBH) stock surged in the current trading session; here’s why

In the current trading session, Sally Beauty Holdings Inc. (SBH) stock had surged by 19.69% to $24.25 at the time of writing. SBH stock...

Moderna Inc. (NASDAQ: MRNA) stock declines during current market. Let’s figure out why?

Moderna Inc. (NASDAQ: MRNA) stock falls by 5.31% in the current market trading after MRNA has announced its financial results for Q1 2021. Moderna...

Related News

How Did Poverty Dignified (PVDG) Stock Attain A 36% Gain?

Yesterday's closing price of Poverty Dignified Inc. (OTCPINK: PVDG) was $0.0364, a rise of 36.33%. The average monthly trading volume for Poverty Dignified stock...

Is There Anything That Has Driven Ozop (OZSC) Stock 27% Higher?

A share of Ozop Energy Solutions, Inc. closed Thursday's trading session at $0.1119 a share, up 26.73% or $0.0236. Ozop stock has dropped to...

What Was The Reason For The Increase In HMBL Stock?

During the trading session on Wednesday, HUMBL, Inc. (OTCPink: HMBL) shares rose by 19.26%, touching a low of $1.18 and a high of $1.70....

Why Did VYGVF Stock Rise 18%?

Voyager Digital Ltd. (OTCQB: VYGVF) recently put a $0.098 to $30.20 price range on board, closing up 18.02 percent on the previous trading day...

How Was The ENGMF Stock Able To Surge 9%?

Enthusiast Gaming Holdings Inc. (OTCQB: ENGMF) closed the last trading day at a price of $8.64, increasing 9.50%. In contrast to its average monthly...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Get Best Morning Financial Newsletter... 100% Free

Best stocks ideas

Analysts’ Upgrades & Downgrades

Insider Watchlist

Important Earnings

We do not sell or share your information with anyone.

Get The Best Stocks To Trade Every Day!...100% Free

We do not sell or share your information with anyone.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

We do not sell or share your information with anyone.