Company: INVUP
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001641172-25-001193
Chunk: 1373

Company: Investview, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 1B
Chunk 1373
---
    Mining revenue 
     5,186,606  
     11,348,156  
     (6,161,550)
  
    Health and wellness product sales 
     110,671  
     -  
     110,671 
  
    Cryptocurrency revenue 
     -  
     513,285  
     (513,285)
  
    Mining equipment repair revenue 
     23,404  
     23,378  
     26 
  
    Total revenue, net 
    $52,381,971  
    $67,920,871  
    $(15,538,900)

Total
revenue, net, decreased $15,538,900, or 23%, from $67,920,871 for the year ended December 31, 2023, to $52,381,971 for the year ended
December 31, 2024. The decreases of $9.0 million, $6.2 million, and $513 thousand pertain to a contraction in our membership revenue,
mining revenue, and cryptocurrency revenue, respectively. The $9.0 million (16%) decrease in membership revenue was largely attributable
to a combination of shifts in consumer behavior and demand following the COVID-19 pandemic as individuals re-evaluated their spending
priorities, lifestyle habits, and engagement preferences, as well as broader global macroeconomic changes that have caused a general
slowdown in direct sales and home-based business. This trend reflects broader market changes and has impacted overall participation and
retention rates. The $6.1 million (54%) decrease in mining revenue was a result of “Bitcoin
Halving” which occurred on April 19th, 2024, decreasing the reward to 3.125 Bitcoin per block solved from the previous reward rate
of 6.25 Bitcoin per block solved, an increase in Bitcoin Network Difficulty and a mandated power curtailment enforced by the government-controlled
utility companies in Northern Europe, partially offset by an increase in the price of Bitcoin; and the $513 thousand decrease in cryptocurrency
revenue was due to the discontinuation of our distribution of NDAU during the year ended December 31, 2023. These decreases were offset
by a $111 thousand increase in health and wellness product sales which can be explained by the purchase of the business and assets of
Renu Laboratories, Inc. in October 2024.

27

Operating