Eatontown, NJ, July 06, 2021 (GLOBE NEWSWIRE) – Investview, Inc. (OTCQB: INVU), a diverse financial technology company that, through its subsidiaries and global distribution network, provides financial technology, educational tools, content, research and management of digital asset technologies with a focus on Bitcoin mining and the new generation of digital assets, announces its production and operational updates, including production unaudited Bitcoin (“BTC”) for June 2021.
June 2021 production and operations updates
Gross income of $ 2.2 million, up 263% in June
Gross profit of $ 1.5 million, up 389% year-on-year in June
68.2% gross profit margin
Bitcoin Mined over a 14 month period ending June 2021, 922.47 Bitcoin
As of June 30, 2021, Investview holds over 115.06 BTC
As of June 30, 2021, Investview owns more than 153,197 NDAU
Note: The figures included in this release are estimated initial results and are unaudited and may differ from figures shown in our documents with the SEC due to compliance with US GAAP and subject to final review by independent auditors of the company.
Operation: Hash Rate Growth Plan
As of July 2021, SAFETek has purchased and will ship over 1,200 Bitmain T17 + Antminers. The installation of these 1,200 Bitcoin miners is expected to be completed by mid-August 2021 (start of the second quarter of fiscal 2022). This will expand SAFETek’s existing fleet of Bitcoin miners to nearly 9,900 machines. As a result, SafeTek’s hash capacity would need to increase by 22% or 70 petahash per second (PH / s) to achieve a total hash rate of almost 400 PH / s.
By the end of this calendar year (fiscal Q3 2022), SAFETek plans to reach over 11,000 deployed Bitcoin miners and a total hash capacity of 500 PH / s through additional acquisitions, deployments and optimizations. planned miners. When fully deployed, the company’s total fleet of Bitcoin miners is expected to consume around 22 MW of power, nearly 80% of which is powered by renewable energy sources, with the goal of having 90% or more. of all renewable energy miners by the end. of the fiscal year. This demonstrates Investview’s commitment to being a market leader in the industry while maintaining a highly efficient and environmentally friendly Bitcoin mining operation.
About Investview, Inc.
Investview, Inc. is a diverse financial technology and global distribution organization that operates through its subsidiaries to provide financial education tools, content, research and digital asset technology management that operates cryptocurrencies, with a focus on Bitcoin mining and the next generation of digital assets. Investview combines the latest technological innovations to drive global FINTECH solutions.
For more information on Investview and its family of wholly owned subsidiaries, please visit: www.investview.com.
All statements in this press release that are not based on historical fact are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements , which are based on certain assumptions and describe our future plans, strategies and expectations, can generally be identified by the use of forward-looking terms such as “believe”, “expect”, “can”, “should”, “Could”, “seek,” “intend”, “plan”, “objective”, “estimate”, “anticipate” or other comparable terms. These forward-looking statements are based on current beliefs and assumptions of Investview and information currently available to Investview and involves known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievement to occur. ns of the company are materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Further information about potential factors that could affect Investview’s financial results is included from time to time in Investview’s public reports filed with the United States Securities and Exchange Commission (the “SEC”), including the company’s annual report on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K. The forward-looking statements made in this press release speak only as of the date of this press release, and Investview, Inc. (“INVU”) assumes no obligation to update these forward-looking statements to reflect actual results or changes in expectations, except as required by law.
Contact: Arthur Rome
Phone number: 732.889.4308
E-mail: pr @ investview.com