INTV set up a wholly owned subsidiary BitcoLab to focus exclusively on setting up bitcoin mining operations.
(INTV) This funding is the CryptoFunder’s first transaction which offers the borrower a unique lending structure featuring an option to pay down the principal via digital currency.
starting out with a 1000 SF warehouse and then expanding to a 10,000 SF warehouse with solar panel roof.
The use of proceeds as follows:
§ To purchase $600,000 warehouse facility to be used as main mining farm
§ To fund facility build out: shelving/connectivity/vent/heavy power system installation
§ To purchase additional mining rigs and related equipment (mining and sales)
§ To complete blockchain development for CryptoFunder