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 crypto operations at SAFETek, said 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. A When completed, this move is expected to increase the related 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 much cheaper option to maintain and increase our hashrate. “
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, âcanâ, âshouldâ, “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 that may lead to the actual results, performance or achievements of the Company. a company materially different from any future results, performance or achievements expressed or implied by these 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 âSECâ), 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. (âINVUâ) assumes no obligation to update these forward-looking statements to reflect actual results or changes in business. ‘expectations, except as required by law.
Contact: Mario Romano
Phone number: 732.889.4308