Integrated Ventures Inc (OTCMKTS: INTV) Surging On Bitcoin (BTC)

Integrated Ventures Inc (OTCMKTS: INTV) has started breaking out after bottoming out from all-time lows. The stock has bounced off a crucial support level signaling a potential change in direction. A 300% rally might as well have marked the end of a sell-off wave that had aroused concerns about the stock’s long-term prospects.

INTV Price Analysis

The confirmation that the Company has signed a multiyear hosting and marketing agreement with PettaWatt appears to be the catalysts fuelling the upward momentum. The stock’s markets sentiments have also received a boost on the company confirming the acquisition of an 80 MW natural gas-fired power plant.The stock has since taken a flight after bottoming out on huge turnover of traded shares. A spike past the $0.25 level means the stock is trading at levels last seen in 2018. The $0.25 mark has since emerged a crucial support level above which Integrated Ventures remains supported for further upside action. INTV Daily ChartA sell-off followed by a close below the $0.25 support level could elicit some selling pressure in continuation of the long-term downtrend. However, given the strength of the upward momentum, Integrated Ventures looks set to continue surging.With the stock currently, trading at the $0.27 level the next stop appears to be the $0.44 mark, the next resistance level.

What Does Integrated Ventures Do?

Integrated Ventures is a cryptocurrency and blockchain technology focused company. The company engages in digital currency mining operations. It also manufactures and sells mining rigs as well as develop blockchain software.[embed]https://www.youtube.com/watch?v=xBK9-mrBnS0[/embed]

Why is Integrated Ventures Skyrocketing?

A 300% plus rally comes on the heels of Integrated Ventures signing a three-year agreement with PettaWatt Properties as part of a hosting and marketing agreement. Under the terms of the agreement, The Company is to streamline and consolidate all mining operations into one location.The agreement also paves the way for the company to eliminate lease obligations, and payroll expenses and lower power costs for mining by over 50%. In addition, Integrated Ventures is to market PettaWatt services by offering hosting and pool servicesIn addition, Integrated Ventures has tabled a six-step plan it plans to implement as part of its growth strategy for 2019. Operational restructuring will come into play as the company moves to streamline and improve the profitability of current operations.Plans are already underway to switch from warehouse mining to third-party hosting model that will allow the company to eliminate a good chunk of all the major expenses such as monthly lease and payroll. Joining forces with PettaWatt will allow Integrated Ventures to secure access to low power pricing structure.With reduced power costs, Integrated Ventures remains well positioned to optimize cryptocurrency mining returns at a time when the crypto market continues to show signs of recovery. Bitcoin price has already bottomed out from below the $4,000 level going as far as surging past the $6,000 levelWith cryptocurrency market indicating a reversal, Integrated Ventures remains well positioned to generate significant returns from its mining operations.

“Integrated Ventures will have reliable long-term access to inexpensive electricity through its three-year agreement with PettaWatt. An access to the low-cost power is the key that will allow Integrated Ventures to mine far more profitably than most of its North American competitors and provide hosting services at the market's most competitive price point,” Integrated Ventures in a statement.

In a bid to take advantage of the spike in cryptocurrency prices, Integrated Ventures has completed the acquisition of an 80MW power plant. With the acquisition, the company is poised to gain access to a reliable supply for electricity crucial for enhancing mining operations.The idled power plant should be up and running and in position to support cryptocurrency mining operations over the next 5 months.

“The power plant will generate electricity, at the below market cost, which turns 100% of rigs that mine BTC, ETH and LTC profitable. Due to Power Plant's generation capacity of 80 MW, the Company will have an unmatched ability to grow the revenue streams by gradually scaling mining and hosting operations,” explained CEO Steve Rubakh.

Bottom Line

Integrated Ventures resurgence from all-time lows is supported by improving underlying fundamentals. The company has already gained access to low-cost electricity, ideal for supporting aggressive crypto-mining operations.A spike in Bitcoin prices means the company is well positioned to generate significant revenues from its mining operation compared to last year. Integrated Ventures looks set to continue surging as the price of Bitcoin continues to edge higher.We will be updating our subscribers as soon as we know more. For the latest updates on INTV, sign up below!Disclosure: We have no position in INTV and have not been compensated for this article.