BOTS INC ANNOUNCES EXPANSION OF BITCOIN MINING RIG REPAIRS CAPACITY AND REMOTE DIAGNOSTIC SERVICES FOR BITCOIN MINING FARMS
BOTS, Inc. (OTC: BTZI) has expanded its bitcoin and Ethereum miner rig repair capabilities through a newly authorized facility, enabling repairs of up to 1,000 miners daily. This expansion aligns with a surge in bitcoin prices, driving demand in the mining sector. Industry reports indicate a global shortage of mining equipment and high failure rates for existing hardware. To meet increasing demand, BOTS will also introduce a warranty program for bitcoin miners in North America, positioning itself as a pivotal service provider in this evolving market.
- Increased capacity for repairing up to 1,000 miners daily.
- Expansion aligns with rising demand fueled by increased bitcoin prices.
- Introduction of the first-ever bitcoin miners warranty program in North America.
- High failure rates of existing bitcoin mining hardware (20-30%).
- U.S.-based repair capacity significantly lagging behind demand.
SAN JUAN, Puerto Rico, April 15, 2021 (GLOBE NEWSWIRE) -- BOTS, Inc. (OTC: BTZI), a vertical integrator and an emerging innovator of products, technologies, and services for the rapidly growing digital robotics automation and manufacturing industry, today announced the increased capacity of Bitcoin and Ethereum miner rig repairs nationwide -conducted through our newly authorized repair facility. Our affiliated repair facility will be able to repair and process up to 1000 bitcoin miners per day.
The expansion comes at a time when the dramatic rise of Bitcoin price is fueling a robust appetite for bitcoin mining farms as miners begin to discover the much-needed services provided by Bots, Inc.
As reported earlier, Bitcoinmagazine.com recently wrote: "Mining equipment shortages, not just in North America but around the world, including China, are currently a big issue in the industry. As bitcoin's price continues to reach all-time highs, there is pressure on ASIC foundries and equipment manufacturers to try and meet the demand from both newly interested customers and older mining companies that need to upgrade to remain competitive. Estimated wait times for new mining equipment are at least six months, with leading manufacturers like Bitmain sold out until September 2021. There has also been a significant price increase in the secondary market for used ASICs.
Researchandmarkets.com published Global Cryptocurrency Mining Hardware Market 2020-2024 report indicated that the cryptocurrency mining hardware market is poised to grow by
BOTS' Internal research indicates that demand for refurbished cryptocurrency mining electronic equipment in emerging nations is also a significant driver augmenting the market.
There are millions of Bitcoins and Ethereum mining rigs deployed in the USA. Bitmain customers report high failure rates occurring on leading Bitcoin mining hardware which are experiencing a 20 to
Bots Inc will be introducing and offering as its newest service, the first-ever bitcoin miners warranty program in North America, in the immediate future.
About BOTS, Inc.
Headquartered in San Juan, Puerto Rico, BOTS, Inc. - publicly traded on the OTC Markets under the symbol (BTZI) is a diversified company developing and servicing blockchain, cybersecurity, and robotics solutions for its clientele. The Company is committed to driving the innovations needed to shape the future of digital robotic automation management through digital technology and decentralized blockchain solutions. Management is dedicated to the strong growth of Distributed Asset Technology and Robotic Process Automation (RPA).
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Forward-Looking Statements
Certain statements contained in this press release may constitute "forward-looking statements." Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors as may be disclosed in the Company's filings. In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors, including (without limitation) general industry and market conditions and growth rates, economic conditions, and governmental and public policy changes. The forward-looking statements included in this press release represent the Company's views as of the date of this press release, and these views could change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date of the press release. Such forward-looking statements are risks that are detailed in the Company's website and filings.
Contact:
Paul Rosenberg
CEO
paul@bots.bz
FAQ
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