The following excerpt is from the company's SEC filing.
in Bitcoin Mining Revenue & Announces Strategic Facility Relocation to Further Improve Mining Production, Operations, Revenue
strategic relocation of Investview’s largest mining operation to a more cost-effective region with long-term, low cost and
sustainable power rates is projected to significantly reduce mining cost and further expand gross margins.
NJ, February 2, 2021 (GLOBE NEWSWIRE) — via NewMediaWire —Investview, Inc. (OTCQB: INVU), a diversified financial
technology company that through its subsidiaries and global distribution network provides financial techno logy, education tools,
content, research and management of digital asset technologies with a focus on Bitcoin mining and the new generation of digital
assets, expects to report that its SAFETek subsidiary has reached a new all-time-high monthly revenue and profit margin for a
third month in a row.
increased its Bitcoin Mining Revenue by an estimated 47.3% going from approximately $1.88 million in December 2020 to approximately
$2.77 million in January 2021.
also increased its Profit Margin by an estimated 70.7% going from approximately $1.06 million in December 2020 to approximately
$1.81 million in January 2021.
produced approximately 80 Bitcoin in January averaging approximately 2.58 BTC per day. This growth was made possible through INVU’s
ongoing strategic investments in cryptocurrency mining hardware, software & enhanced IT operations, and was further bolstered
by significant Bitcoin price increases which appreciated by over 41% in January to a high of just over $40,000 and a sustained
average monthly value of just over $34,000 per Bitcoin.
EVP of Crypto Operations Rob Walther commented, “We are pleased to announce that for the third month in a row INVU’s
strategic decisions to further increase/optimize our mining equipment and IT operations has allowed us to generate another record
month of revenue and profit. This past month of January represents a new milestone for SAFETek with revenue growth of 47.3% to
$2.77 million and profits expanding by nearly 70.7% to $1.81 million.”
added, “In addition, INVU is excited to announce the relocation of our largest mining operation to a new facility with long-term,
low cost and sustainable power & hosting rates. This decision is the culmination of many months of research, investigation
and planning to reduce our long-term cost of operation and to facilitate greater re-investment into assets that will continue
to grow our mining profits. This move is planned to commence in early February and be complete by March 31, 2021.
The numbers included in this release are initial expected results and are un-audited and may differ from numbers reported in our
SEC filings due to compliance with US GAAP, and subject to final review by the Company’s independent auditors.
wind down and move of our largest mining facility to a more cost-effective region is a good move for our company and will significantly
reduce our overall cost of operations, anticipated to be as much as 25% or $4+ million on an annualized basis, which allows us
to continuously improve our capital structure through the pay-off of long-term debt associated with our business growth and facility
relocation plan,” said Joe Cammarata, CEO of Investview.
addition to the company’s new constant-cost energy sustainability mining and production facility, Investview also maintains
a constant-cost production mining operation in Colorado.
Inc. is a diversified financial technology and global distributor organization that operates through its subsidiaries to provide
financial education tools, content, research, and management of digital asset technology that mines cryptocurrencies, with a focus
on Bitcoin mining and the generation of digital assets. For more information on Investview and its family of wholly owned subsidiaries,
please visit: www.investview.com.
statements in this 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,” “may,” “should,”
“could,” “seek,” “intend,” “plan,” “goal,” “estimate,”
“anticipate” or other comparable terms. These forward-looking statements are based on Investview’s current beliefs
and assumptions and information currently available to Investview and involve known and unknown risks, uncertainties and other
factors which may cause the actual results, performance, or achievements of the company to be materially different from any future
results, performance or achievements expressed or implied by these forward-looking statements. More information on potential factors
that could affect Investview’s financial results is included from time to time in Investview’s public reports filed
with the U.S. 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 release speak
only as of the date of this release, and Investview, Inc. (“INVU”) assumes no obligation to update any such forward-looking
statements to reflect actual results or changes in expectations, except as otherwise required by law.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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Other recent filings from the company include the following:
Investview (“INVU”) Announces Record 2021 Financial Results - April 22, 2021
Current report, items 2.02 and 9.01 - April 22, 2021
Investview (“Invu”) Reports Highest Monthly Gross Revenue - April 12, 2021
Investview (“INVU”) Reports Highest Monthly Gross Revenue in Company’s History for March 31, 2021 - April 12, 2021
Investview (“Invu”) Reports New Record $3.1 Million Month In - April 1, 2021