October 2021 BOTS Incorporated Graduate Training Class
SAN JUAN, Puerto Rico, November 5, 2021 (GLOBE NEWSWIRE) – via NewMediaWire – BOTS, Inc. (OTC: BTZI), (“BOTS” or “The Company”), a global technology conglomerate specializing in blockchain solutions, including including decentralized financial applications, cybersecurity, crypto generation, repair of mining equipment and warranties announced today announced that our first class of 14 students have graduated from the Basic Repair Training Course. Bitmain miners, provided by the subsidiary of the company TekX Mining & Gaming PC Solutions LLC. . Graduates are now able to provide maintenance services and repair Bitmain mining rigs using genuine parts quickly and efficiently. TekX’s certified, trained and experienced electronics engineers will also help graduates remotely diagnose miner malfunctions by providing professional advice while helping to repair equipment as we provide original parts for repairs. TekX graduates will repair the majority of Bitmain’s Antminer brand models including S17, S17 Pro, S17 +, T17, T17e, S19 – 90TH, S19 – 95TH, S19 Pro – 105TH, S19 Pro – 110TH.
BOTS, Inc. earlier announced that the company will be offering its TekX Crash Training at its Parkersburg campus. These advanced 2-week programs will provide students with knowledge of Bitcoin mining repair technology and cutting-edge miner, electrical, and mining diagnostic technologies.
In addition to providing high-tech training, TekX conducts research on advanced mining technologies in immersion cooling. Immersion cooling is a revolutionary technology in which Bitcoin mining rigs are submerged in a specialized liquid that circulates, keeping the integrated circuits of hash cards cooler and operating at lower temperatures. Based on the results of industry data immersion cooling tests, an estimated 25% to 30% increase in hash rate is expected from lower temperatures.
TekX uses the most advanced technologies such as ultrasonic cleaners, clean rooms, automated welding equipment and other advanced equipment to ensure that customer platforms operate without interruption and generate maximum return on investment. .
Cryptocurrency mining has become very popular in recent years as investors embrace the crypto asset to diversify their wealth in addition to the traditional stock market.
As previously announced, BTZI is the first public company to offer bitcoin miner guarantees to operators in North America. The extended minors warranty program will initially cover miners manufactured by Bitmain, but soon BTZI will add coverage for miners from Canaan Inc, MicroBT Whatsminer, and other major manufacturers of bitcoin miners. The company earlier announced the availability of bitcoin mining repairs through a nationwide authorized Bitcoin miner repair center, which is now fully operational thanks to our new subsidiary.
About 3,000,000 bitcoin miners are active in the United States and about 2,000,000 in Canada.
BTZI Estimates Bitcoin Miner Extended Warranty Market Size Could Quickly Surpass $ 1.2 Billion in US
BOTS, Inc. is considering a $ 1 million investment from a favorable former investor for a restrictive private placement that will allow further expansion of its operations on favorable terms. BTZI is also developing a 10 MW self-extraction facility at WV.
BOTS, Inc. is the first to implement an approach to extended warranties for bitcoin miners – providing a cost effective and efficient way for Bitcoin mining farm operators to purchase collateral contracts and file claims against them – this which enables Bitcoin miners in North America to take their mining business to the next level. The warranty covers labor on all components of the Bitcoin mining platform, including the availability of remote monitoring services, mining platform hardware coverage, and racking systems.
About BOTS, Inc.
BOTS, Inc. is a global technology company specializing in Blockchain-based solutions, including decentralized financial applications, cybersecurity solutions, and has a portfolio of digital assets and crypto-related businesses such as BeadSwap, a decentralized crypto exchange, Bitcoin ATMs and corresponding US patents and Cyber Security Group LLC, an ISO / IEC 27001: 2013 Information Security Management System certified company. The Company also provides consulting, optimization and repair and insurance services for crypto-mining equipment.
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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 relate directly to historical or current fact. Actual results may differ materially from those indicated in these forward-looking statements due to various material factors that may be disclosed in the documents filed by the Company. In addition to these factors, actual performance, results and future results may differ materially due to more general factors including (but not limited to) general industry and market conditions and growth rates. , economic conditions and changes in government and public policy. The forward-looking statements included in this press release represent the opinions of the Company as of the date of this press release, and those opinions are subject to change. However, although the Company may choose 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 taken as representing the views of the Company as of a date subsequent to the date of the press release. These forward-looking statements are risks which are detailed on the Company’s website and documents.