Item 1.01. Entry into a Material Definitive Agreement.

On April 12, 2021, Integrated Ventures, Inc. (the "Company") entered into non-fixed price sales and purchase agreement (the "Agreement") with Bitmain Technologies Limited ("Bitmain") to purchase from Bitmain cryptocurrency mining hardware and other equipment in accordance with the terms and conditions of the Agreement. Bitmain is scheduled to manufacture and ship miners on monthly basis, in 12 equal batches of 400 units, starting on August 2021 and through July 2022. The Agreement remains in effect until the delivery of the last batch of products. The total purchase price was approximately $34,047,600, subject to price adjustments and related offsets. The total purchase price is payable as follows: (i) 25% of the total purchase price is due upon the execution of the Agreement or no later than April 19, 2021; (ii) 35% of the total purchase price, is due by May 30, 2021; and (iii) the remaining 40% of the total purchase price, is payable on a monthly basis starting in June 2021.

The foregoing description of the Agreement is qualified in its entirety by reference to the full text of such Agreement, the form of which is attached as Exhibit 10.1 to this Current Report on Form 8-K (this "Form 8-K"), and which is incorporated herein in its entirety by reference.




Item 8.01. Other Events.

On April 12, 2021, the Company issued a press release announcing that it entered into the Agreement to acquire 4,800 Antminer model S19J (100 Th) digital currency miners. A copy of the press release is filed as Exhibit 99.1 to this Form 8-K and is incorporated in this Item 8.01 by reference.

Item 9.01. Financial Statements and Exhibits.





(d) Exhibits



Exhibit     Description
No.

  Exhibit     Form of Non-Fixed Price Sales and Purchase Agreement, dated as of
10.1        April 12, 2021, by and between the Company and Bitmain
  Exhibit     Press Release of the Company, dated April 12, 2021
99.1





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