other material
confidence high
sentiment neutral
materiality 0.65
Integrated Ventures signs 5-year 5MW hosting deal with Compute North, secures $500k loan with shares
MedWellAI, Inc.
- 5-year colocation deal with Compute North for 1,575 S19J Pro miners at Wolf Hollow, TX; deployment starts July 15, 2022.
- Total miners expected to exceed 3,000 across 3 locations (NE, TX, PA) using over 10MW power by mid-August.
- Secured $500,000 loan from BHP Capital NY with $130,000 fixed interest due Dec 15, 2022, plus 2M inducement shares.
- Note is secured, defaults trigger 18% interest; proceeds used for equipment and deposit on hosting deal.
- CEO Steve Rubakh confirms expansion; mining fleet will increase from current levels.