SAN JUAN, May 04, 2021 (GLOBE NEWSWIRE) -- BOTS, Inc. (OTC: BTZI), ("The Company") a vertical integrator and an emerging innovator of products, I.P. licensing, commercialization of technologies, services for the rapidly growing digital robotics automation, cybersecurity, and manufacturing industry announced today the industry's first combined hashing power and bitcoin miners' product warranty.
The warranty covers labor on all components of the bitcoin mining rig, including the availability of remote monitoring services, mining rig hardware coverage, and racking systems.
This new BOTS Inc "MinerGuard™" extended warranty applies to labor in addition to the product, original equipment manufacturer, Bitmain – the world's leading producer of cryptocurrency mining hardware when installed by a Bitmain authorized installers. Coverage under the MinerGuard™ warranty is now available to all Bitmain mining rigs, new and used.
"The MinerGuard™ full-comprehensive warranty ensures bitcoin mining farm operators have complete peace-of-mind while making managing mining operations easier and more efficient," said Simon Rubin, Chairman of Bots Inc. "Bots Inc listens closely to industry trends, customers feedback and is always trying to create products and solutions that meet the market's needs. The initial response to our bitcoin miners warranty programs is very positive from the warranty coverage introduction, and it became clear that there is a need to offer this type of extended warranty to the Bitcoin mining industry."
Bots will additionally offer a hashing Power Warranty that Guarantees stable bitcoin hashing Production throughout the Life of the bitcoin mining farm. The Company plans to utilize an advanced A.I. engine that optimizes extended warranty offers.
The extended miner warranty program will initially be covering Bitmain manufactured miners, and soon, BTZI will add coverage for Canaan Inc miners, MicroBT Whatsminer, and other leading bitcoin miner manufacturers.
The Company announced earlier the availability of bitcoin mining repairs through an authorized national bitcoin miners' repair center, which is now fully operational.
As reported by Coindesk recently: The U.S. and Canada currently account for less than 10% of global crypto mining hash power. There are around 15 large-scale bitcoin mining facilities operating in North America.
Around 3,000,000 bitcoin miners are in operation in the U.S. and about 2,000,000 in Canada.
BTZI estimates the extended bitcoin miners' warranty market size to exceed $1.2 billion in the U.S.
Being the only provider of the extended warranty for the bitcoin miners; BOTS Inc is now positioned to capture this unserved market. The Company plans to quickly expand this service to Canada and then worldwide.
Research and Markets estimate the extended warranty segment will reach a staggering $50.2 billion by 2026.
We plan to announce the completion of our warranty website this week, but for now, interested parties may contact us via info@Bots.BZ
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).
BTZI is the founder of the First Worldwide Bitcoin ATM consortium or network, the blockchain-powered computer network that will enable Bitcoin ATM customer wallets issued by a Bitcoin ATM operator that will be a member of the network to be used to perform Bitcoin ATM transactions through ATMs that belong to another operator of the network. This is especially convenient when traveling abroad, where Bitcoin ATMs may be widely available. A network is a common way of delivering, buying, or selling cryptocurrency services that increase the network value by linking many operators together. For example, the value of a cellular telephone network to customers increases with the number of customers that can be reached via the global network. Similarly, Bitcoin ATM networks will link together Bitcoin ATMs in various locations, giving the customers of each operator greater access to their crypto accounts.
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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:
Oleksandr Gordieiev
CEO
info@bots.bz