Investview (“INVU”) Reports $ 1.8 Million Per Month Updated Gross Revenue and Operations From Bitcoin Mining
Eatontown, NJ, January 7, 2022 (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 production of Bitcoin ( âBTCâ) for December 2021.
December 2021 BTC production and digital holdings
Gross income of $ 1.8 million, up 3% in December
Gross profit of $ 1.3 million, up 37% from December
72% gross profit margin
Bitcoin Mined over a 20 month period ending in December 2021, 1,236.41 BTC
As of December 31, 2021, Investview holds more than 17.63 BTC
As of December 31, 2021, Investview holds more than 75,614.89 NDAU
Update of operations
In December 2021, SAFETek purchased 96 new Bitmain T19 Bitcoin miners, which are currently shipping and will be fully deployed by mid-January 2022. Management also approved a plan to purchase 229 new servers from Additional Bitcoin mining during the first quarter of 2022. These new mining servers are being used to replace older, less efficient mining server systems and will increase SAFETek’s hashrate by approximately 28 Petahash. The old mining server systems will be shipped to SAFETek’s Miners Repair Facility in Texas, where they will be fully refurbished and made available for sale or redeployment.
Over the past few years, the value of refurbished Bitcoin miners has increased along with the rise in the value of Bitcoin. In December, SAFETek began selling some of the refurbished mining servers for almost double the original purchase price of these machines. Currently, SAFETek has around 3,000 Bitcoin miners that are expected to be refurbished in its repair center during the first and second quarters of 2022. The sale or redeployment of these refurbished mining server systems will have a positive impact on SAFETek’s financial results.
In January 2022, SAFETek will complete final testing on its first mobile Bitcoin mining data center trailer. The mobile data center trailer on wheels is 53 feet long, accommodates 768 next-generation mining servers and has a capacity of 2.75 megawatts. SAFETek is currently accepting orders for its mobile data center trailers.
Note: Figures included in this release are initial expected results and are unaudited and may differ from figures reported in our SEC documents due to compliance with US GAAP and are subject to final review by auditors. independent from 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: Ralph Valvano
Phone number: 732.889.4300
E-mail: [email protected]