BOTS, INC. Enters Into Profit Sharing Agreement to House Up to Two Thousand Bitcoin and Ethereum Miners
January 20 2022 - 7:12AM
InvestorsHub NewsWire
SAN JUAN, PR -- January 20, 2022 -- InvestorsHub NewsWire
-- BOTS, Inc. (OTC:
BTZI), ("BOTS" or "The Company"), a global technology
conglomerate specialized in Blockchain-based solutions including
decentralized finance applications, cybersecurity, crypto
generation, mining equipment repair, extended warranty contracts,
and its upcoming proprietary Metaverse based on the terrestrial Las
Vegas, (www.vegas.mv) today announced its wholly-owned
subsidiary TekX Mining and Gaming PC Solutions, LLC has entered
into a strategic partnership with Empire Blockchain Corp. The
partnership will primarily engage in research and development of
blockchain platforms, cryptocurrency mining, and establishing a
resilient supply chain for cryptocurrency mining repairs. The
agreement includes an initial supply by Empire Blockchain of 2,000
Bitcoin and ETH mining machines worth approximately US$12.5
million. TekX also has an option to host additional miners upon an
expansion of their hosting infrastructure.
Mr. S. Rubin, Interim CEO of BTZI, commented, "We are pleased to
partner with Empire Blockchain to continue developing
blockchain-powered platforms that integrate technology, hardware,
and service. Our research indicates growing demand for newer
advanced performance hardware and related mining equipment and
repair services. This partnership will advance our position in the
cryptocurrency mining industry in the USA. Looking forward, we are
convinced in our capacity to help national mining farms to run
their operations without interruptions, enabling their success in
the growing cryptocurrency industry while enhancing our
shareholder's value."
TekX will deploy up to 2,000 Bitmain and ETH miners throughout
the partnership expansion plans for 2022. First, TekX will deploy
500 S19 Bitmain AntMiners that currently mine about 100 BTC per
year, according to NiceHash's calculations. After deploying all
2,000 miners, the Company expects to generate approximately 200 BTC
per year. In addition, TekX's advanced repairs technology will
enable the deployed Bitmain miners to operate more efficiently,
resulting in less downtime - meaning mining rates could increase.
Combining those advantages with an experienced team, it is evident
that this partnership creates an opportunity to mine significant
numbers of Bitcoin at high-profit margins.
Recent research published by Absolute Reports, titled,
Cryptocurrency Mining and Software Market 2022: Global Size,
Prominent Players, Business Growth, Explosive Growth Opportunity,
and Forecast to 2026: estimates the global Cryptocurrency Mining
size to be USD 4,502.4 million in 2026 from USD 4,050.5 million in
2020. The global Cryptocurrency Mining market size is expected to
grow at a CAGR of 2.7% for the next five years. The top leading
firms in the market are mainly concentrated on new ideas associated
with the invention and supply of Cryptocurrency Mining. These
policies will let the key players extend their business limits and
increase their position in the market.
The addition of Bitcoin Mining capacity will prove to be a
strategic advantage to TekX's Mining Repair and its other
Cryptocurrency service business sectors.
About BOTS, Inc.
BOTS, Inc. is a global technology company specialized in
Blockchain-based solutions, including decentralized finance
applications cybersecurity solutions, and owns a portfolio of
digital assets and crypto-related businesses such as BeadSwap, a
decentralized crypto exchange, Bitcoin ATM machines, and
corresponding U.S. patents and Cyber Security Group LLC, an ISO/IEC
27001:2013 Information Security Management System certified
company. The Company also provides crypto mining consulting,
optimization, and crypto mining equipment repair and insurance.
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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 Data
Bots Inc
info@bots.bz
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