BOTS, Inc. Provides Updates on Its Bitcoin Miners Extended Warranty and Protection Plan Services
May 19, 2021 at 08:00 am EDT
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BOTS, Inc. announced the industry's first combined hashing power and bitcoin miners' product warranty e-commerce website, www.MinerWarranty.com is now operational. Bitcoin mining operators can now purchase Bitcoin miners' extended warranty service agreements online. BOTS Inc. has built a brand-new approach to the bitcoin miners' extended warranties — providing a cost-effective and efficient way for Bitcoin mining farm operators to buy warranty contracts and file claims against them -will allow 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 rig, including the availability of remote monitoring services, mining rig hardware coverage, and racking systems. 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. 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 expand this service to Canada quickly and then worldwide. Research and Markets estimate the extended warranty segment will reach a staggering $50.2 billion by 2026.
Bots Inc is a Puerto Rico-based technology company, which provides tailormade automation solutions to business customers. The Companyâs offering includes Artificial Intelligence (AI) Bots, Blockchain and Cyber Security services. AI Bots consist of chatbots that can automatically respond to user-protected chat messages in real-time. It provides programming services. Blockchain offers blockchain application development services. Cyber Security services include Penetration Tests, Security Audits and Incident Response. Penetration Tests comprises Web and Mobile Applications Testing, Information Technology (IT) Infrastructure Testing and Breach and Attack Simulation. Security Audits cover Gaps Analysis, Configurations Review, Secure Architecture Design and Cloud Review. Incident Response consist of Malware Analysis, Network Analysis and Computer Forensics. Additionally, the Company is developing several projects mostly focused on financial technologies, such as cryptocurrencies.