Integrated Ventures Signs 3 Year Colocation Agreement With Compute North To Secure Power Capacity And Reduce Operational Costs
Integrated Ventures, Inc., is pleased to confirm the execution of a 3-year colocation and hosting contract for cryptocurrency mining services with Compute North LLC, an industry leader in economical, efficient data center infrastructure for investors and large-scale clients in blockchain, cryptocurrency mining and high-performance computing, with three locations in the United States.
As a result, the deal is expected to reduce direct mining operational costs, maximize and optimize hash rate and provide growth and expansion opportunities for INTV.
As of March 30, the Company will start shipping, its recently purchased Avalon A1246 miners from Canaan, Inc to the Compute North facilities, located in Nebraska and Texas. During the next 30 days, the Company expects to (1) secure additional equity-based funding, to purchase over 2,000 miners and to (2) engage an industry leading consulting group, to launch a new corporate and IR website.
“INTV believes that Compute North, led by an experienced management team, is a best-in-class data center operator and this hosting arrangement will positively impact its power costs, provide predictable power capacity and provide a clear pathway to diversify and expand its mining operations.
The Company will benefit from onsite technicians that will handle the daily monitoring, troubleshooting, upgrades, firmware management and more. As a result, the deal is expected to reduce direct mining operational costs, maximize and optimize hash rate and provide growth and expansion opportunities for INTV,” says Steve Rubakh, CEO of Integrated Ventures, Inc.
“Compute North offers a comprehensive, managed service that helps facilitate an end-to-end hosting solution,” comments Dave Perrill, CEO of Compute North. “With active miner management, Compute North can help improve miner efficiency and stability. The result is maximum performance and minimal downtime for clients, like INTV, who want to ensure their equipment keeps hashing for the best possible return on investment.”
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