Investview Inc. (OTCMKTS: INVU) has announced solid consolidated net income and gross revenue for June, contributing to record-breaking quarterly net income and gross revenue for Bitcoin mining and products sales business units.
Investview reported consolidated revenue of $12.9 million
Consolidated gross revenue for June was $12.9 million, which is the second-highest revenue in a month in Investview’s history. The revenue was a 62% month-over-month increase, and net income was $3 million. Investview’s virtual currency holdings of NDAU and BTC in June were $6.9 million, and at the end of the month, the company had $15.7 million in cash and restricted cash.
Ralph Valvano, the company’s CFO, said, “Our subscription business is healthier than ever, with subscriptions in June 2021 up 283% over the same period last year. We have also diversified our revenue beyond our subscription products, including offering our members access to NDAU, the world’s first adaptive digital currency. For the second half of 2021, we will continue to focus on both the growth and retention of our members and diversification of revenue.”
SAFETek reported revenue growth of 258% thanks to new ASIC mining repair facility
SAFETek, the company’s leading BTC mining affiliate, saw its revenue grow 258% YoY. In addition, the company opened a new ASIC mining repair facility in Conroe, Texas, designed to allow SAFETek to repair and process over 200 ASIC BTC miners in a day. The facility also has a self-hosting operation for the subsidiary’s testing and mining with the capability of running and testing over 100 miners at ago.
Investview CEO Joe Cammarata said, “We are incredibly pleased with our June 2021 performance across all reporting business segments. Management will continue to be committed to diversifying revenue and growing our business segments organically or through acquisitions that are accretive to our bottom line and strengthen our balance sheet and cash position.”