Eatontown, NJ, November 09, 2021 (GLOBE NEWSWIRE) – Investview, Inc. (OTCQB: INVU), a diversified 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 its unaudited Bitcoin (âBTCâ) production for October 2021.
October 2021 BTC Manufacturing and Digital asset holdings
- Gross income of $ 2.5 million, up 186% in October
- Gross profit of $ 1.9 million, up 381% year-over-year in October
- 77% gross profit margin
- Bitcoin Mined over an 18-month period ending October 2021, 1,167.56 BTC
- As of October 31, 2021, Investview holds more than 49.13 BTC
- As of October 31, 2021, Investview owns over 74,706.12 NDAU
SurgeryUpdate :Bitcoin Mining Server Relocation, Refurbishment, and HashingrUpdate of the expansion plan
SAFETek announces the strategic relocation of nearly 1,500 Bitcoin ASIC miners (around 55 Petahash) to a new, better quality hosting facility that is 20% cheaper. SAFETek has also consolidated and moved nearly 3,000 of its mining servers from existing mining facilities around the world to its newly expanded Bitcoin miner repair facility in Texas, where these mining servers are cleaned, refurbished and further optimized.
Rob Walther, Executive Vice President of Encryption Operations at SAFETek ‘commented that âthe relocation of 1,500 of our existing miners to a new lower cost facility is currently underway and is expected to be completed by the end of November 2021. When completed, this move is expected to increase the associated gross profit generated by these miners by approximately 20%. Additionally, we are taking full advantage of our newly expanded Bitcoin mining repair facility in Texas to clean, refurbish and further optimize nearly 3,000 of our Bitcoin miners back into production. Considering the high price and the global challenges of obtaining brand new Bitcoin mining servers, SAFETek has decided to aggressively focus on maintaining and optimizing our existing fleet of Bitcoin miners through our new repair center. . It will be a faster and cheaper option to maintain and increase our hash rate. â
Together, the approximately 1,500 Bitcoin miners that SAFETek is relocating and the nearly 3,000 Bitcoin miners that SAFETek is renovating and optimizing will help support the company’s plan to reach 10,000 miners and 400 petahash over the next two months. .
Note: Figures included in this release are initial expected results and are unaudited and may differ from figures shown in our documents with the SEC due to compliance with US GAAP and are subject to final review. by the independent auditors of the company ‘. The final audited financial statements are available in our annual documents SEC Form 10-K.
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 – fostering the decentralization of education and finance through a commitment to blockchain technology. 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 âbelieveâ, âexpectâ, âmayâ, & CloseCurlyDoubleQuote; “Should”, “could”, “seek”, “intend”, “plan”, “objective”, “estimate”, “anticipate” or other comparable terms. These forward-looking statements are based on beliefs and current assumptions of Investview ‘and on information currently available to Investview and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to differ materially. , future performance or achievements expressed or implied by such forward-looking statements. More information on potential factors that could affect Investview’s financial results ‘are included from time to time in Investview’s public reports’ -K, quarterly reports on Form 10-Q and current reports on Form 8-K. Forward-looking statements made in this press release speak only as of the date of this report. disclosed, and Investview, Inc. (“INVU & CloseCurlyDoubleQuote;) assumes no obligation to update these forward-looking statements to reflect actual results or changes in expectations, except as required by law.
Contact: Mario Romano
Phone number: 732.889.4308