US mining company Integrated Ventures' total revenue for the fiscal year 2021, reached US$1.87 million, an increase of 311% year-on-year.

US mining company Integrated Ventures' total revenue for the fiscal year 2021, reached US$1.87 million, an increase of 311% year-on-year.

2021/8/25

On August 24, the US cryptocurrency mining company Integrated Ventures released its fiscal year 2021 annual report (unaudited). The total revenue for the fiscal year 2021 reached US$1.87 million, an increase of 311% year-on-year. More than 75% of its revenue came from the third And the fourth quarter. In addition, the company's mining gross profit for the 2021 fiscal year is approximately US$950,000, and the gross profit margin is as high as 50%. The company said that the increase in revenue and gross profit is due to the deployment of high-performance mining equipment and cheap electricity costs. In terms of assets and liabilities, the company has approximately US$2.1 million in available cash on its accounts, and the total value of its digital currency holdings is approximately US$250,000. The company will receive the first batch of 200 miners from Bitmain and 200 miners from Canaan Technology around August.

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