Integrated Ventures and Compute North Sign a 5-Year Custody Contract for Cryptocurrency Mining Services

Integrated Ventures has reportedly signed a 5-year custody and escrow contract with Compute North for a cryptocurrency mining service, said Steve Rubakh, CEO of Integrated Ventures. Starting July 15, Integrated Ventures will begin offering German-based cryptocurrency mining services. Compute North's newest facility in Wolf Hollow, Texas, ships 1,575 S19J Pro miners recently purchased from Bitmain. Integrated expects to have full deployment by mid-August. Between the three hosting locations in NE, TX, and PA, the company expects to have more than 3,000 miners online, using more than 10MW of electricity. Completing the 5MW escrow transaction and meeting deposit requirements, Integrated was able to secure a $500,000 equity financing from BHP Capital.