Eatontown, NJ, December 7, 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 its production of Bitcoin ( “BTC”) for November 2021.
November 2021 BTC production and digital holdings
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Gross income of $ 2.1 million, up 46% from a year ago in November
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Gross profit of $ 1.6 million, up 90% in November
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76% gross profit margin
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Bitcoin Mined over a 19 month period ending in November 2021, 1,200.18 BTC
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As of November 30, 2021, Investview holds over 37.95 BTC
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As of November 30, 2021, Investview holds more than 75,129.23 NDAU
SAFETek operations update and announcement NOTew Mobile Mining Data Center Trailer Product Offer
In October, SAFETek completed the strategic relocation of 1,500 Bitcoin ASIC miners to a new, higher-quality, lower-cost hosting facility. During this relocation process, these mining servers were cleaned and updated to optimize the performance of SAFETek’s Bitcoin Miner repair facility in Texas. SAFETek also repaired and installed 700 additional Bitcoin miners through our repair center. Together, these relocated and repaired miners will generate nearly 77 Petahash (“PH”) of mining capacity which, at current Bitcoin prices and difficulty levels, will generate approximately $ 830,000 in gross revenue and $ 650,000 in gross profit in December. .
SAFETek continues to make progress in repairing nearly 2,800 additional Bitcoin ASIC miners that are being consolidated at SAFETek’s repair facilities in Texas. SAFETek repair technicians and engineers are deploying an improved assembly line process using new and innovative repair techniques and materials to expedite the repair, refurbishment and reinstallation of these mining servers in production over the two next months. When fully deployed, these refurbished Bitcoin miners are expected to increase production by nearly 110 PH, which at current Bitcoin prices and difficulty levels is expected to generate around $ 1,130,000 in additional gross revenue and $ 880,000. additional gross profit.
SAFETek also announces the development and construction of new turnkey mobile Bitcoin mining data center commercial trailers. These mobile commercial data centers will be used internally by SAFETek and will also be made available for sale or rental to other commercial Bitcoin mining operators. The first two mobile mining data centers are currently under construction and the first data center unit is expected to be ready to deploy or sell by the end of December 2021. These turnkey commercial mining data centers are on wheels with air suspension and high load capacity of 45,000 lbs, so they are fully mobile and have the capacity to hold at least 768 Bitcoin miners of type “s19” or “17” with a total potential power capacity of 2, 75 MW each.
Rob Walther, Executive Vice President of Encryption Operations at SAFETek, said, “SAFETek is delighted to build and deploy these state-of-the-art Bitcoin mining data center trailers that will enable SAFETek and our customers uniquely gain access to renewable and low-cost energy sources in a fast and affordable manner. These mobile mining data centers are built using only certified electrical components to ensure the availability, reliability and protection of high-value ASIC mining server systems. The additional hosting capacity provided by these trailers will allow SAFETek to continue to successfully develop our own mining capacity and revenue in 2022. Construction and sale of these mobile data center systems to other mining operators Sales reps will also add another major revenue stream to SAFETek over the next few years. Mobile mining data centers in January 2022. “
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 can be found in our annual SEC Form 10-K documents.
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.
Forward-looking statements
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 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 “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 business. ‘expectations, except as required by law.
Investor Relations
Contact: Mario Romano
Phone number: 732.889.4308
E-mail: pr@investview.com
