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Think about what you're claiming. According to your interpretation, in early June when they had less than $5 million in revenue which you claim came almost entirely from Crypto appreciation, they were able to accurately predict that the crypto appreciation would continue so that they would realize $14 million in crypto appreciation revenue by the end of the year. How does that make sense without a replenishable source of additional crypto coins and/or revenue?
The jury is still out on enforcement of the patents. Until we see a court case we won't know.
In the meantime there are several other potential revenue sources in the works. Your opinion that they won't see revenue from mining rig repair is just that, AN OPINION with zero basis in fact. NFT transactions are a lucrative potential market as is a corner on the Meta Market with Vegas.MT. The next few quarters will be very interesting.
As for Everything Blockchain, from my Obitx post #595...
oh so most of the revenue is generated by holding crypto assets
interesting
On June 30, 2021, the Company acquired all of the equity interests of Mercury, Inc. (“Mercury”), pursuant to a Purchase Agreement dated April 24, 2021. Upon the closing of the transaction (the “Mercury Acquisition”), Mercury became a wholly owned subsidiary of the Company. The Company has utilized Mercury, which is located in Idaho, as its hosting solution since May 2020. The Company with Mercury will launch its mining operations in the western United States. The Company will commence mining for Bitcoins, Ethereum, and other alternative cryptocurrencies. For information on the Mercury Acquisition refer to “Note 5. Mercury Acquisition”.
During the month of May 2021, which represents the first month of the second fiscal quarter, Everything Blockchain recorded $3.5M in revenue with $1.5M in net profit. This represents a 342% increase in revenue and a 350% increase in net profit during the first month of this quarter as compared to the revenue earned from February thru April 2021; bringing the total for the first four months of this fiscal year for Everything Blockchain to $4.8M in revenue with a net profit of $2.1M.
This rapid growth in revenue and profits stem from the Company’s involvement with HEX, claimed to be the Blockchain’s first high yield certificate of deposit. Robert Adams, Director and Chief Technology Officer stated, “HEX is a fully-functioning, decentralized high yield certificate of deposit project that reached completion of its Adoption Amplifier (sales) and operates according to the smart contracts that govern its protocols. It is not vapor-ware, an idea, still in development, but is a mature, fully-functioning and highly-complex mathematical masterpiece, and currently a Top Ten cryptocurrency according to its market valuation of $34 billion.” HEX has seen growth, acceptance, and adoption worldwide. A HEX “certificate of deposit” referred to as staking, is currently yielding an average 25-40% APY interest. Mr. Adams went on to say, “The potential market for HEX is trillions, when compared with other multi-national brick and mortar banking offerings. We we with HEX from the beginning, and our position in HEX is significant.”
Eric Jaffe, Everything Blockchain’s Chief Executive Officer stated, “While its not customary to release numbers for a single month, we felt compelled to release this information to the public for two reasons. In addition to this rapid growth in revenue that puts the Company on pace to reach $14 million in revenue this year, we have received notification from certain officers and directors who intend to purchase up to 10% of the Company’s common stock on the open market.
They will likely try to bring it back to
05. It seems their toxic financing is tied to that price.
Bots is projecting $14 to $18 million revenue/year from its Bitcoin ATM Patent alone. This creates a rational pps target in the range of $.22 to $1.00/share.
There's a new PR out today involving Bots...
KRONOS ADVANCED TECHNOLOGIES IS DEVELOPING ITS FIRST METAVERSE STORE
Parkersburg, WV, Dec. 22, 2021 (GLOBE NEWSWIRE) -- Kronos Advanced Technologies (OTC: KNOS), revenue-generating product development and production company that has significantly changed the way air is moved, filtered, and sterilized, announced today its plans to build an e-commerce Metaverse store. The Company said that as more retailers accelerate their digital transformation, the Metaverse can help customers meet up in digital environments, make the shopping experience more comfortable with the use of avatars and facilitate creative collaboration between customers and companies.
Kronos is one of the earliest companies to design and open its own Metaverse store, which is reminiscent of those companies that early opened a website on the Internet more than two decades ago.
Barron's recently reported that Facebook, now known as META , said it plans to create 10,000 new jobs to help build the Company's 'metaverse.' The concept, which would allow people to game, work, shop, and socialize in virtual and augmented reality, was first mooted by CEO Mark Zuckerberg in July. Facebook announced further steps toward making it happen through 10,000 high-skilled jobs in the next five years in a blog post. The Company noted that its need for highly specialized engineers is one of Facebook's "most pressing priorities."
"No one company will own and operate the Metaverse. Like the Internet, its key feature will be its openness and interoperability," said Nick Clegg, Facebook's vice president of global affairs. "Bringing this to life will take collaboration and cooperation across companies, developers, creators, and policymakers," he added.
According to a report by Emergent Research, the global metaverse market size was at USD 47.69 Billion in 2020 and is expected to register a revenue CAGR of 43.3% by 2028.
Metaverse broadly refers to using immersive technologies to form a shared virtual platform that can be accessed through multiple devices where people can move within digital environments, including interaction, e-commerce, experiences, interoperability, and the Internet of Things.
"Shopping is all about the experience,"-commented Michael Rubinov, KNOS President- "Our metaverse shopping portal would fit in organically with V.R. gaming and entertainment experiences. Video game companies like Epic Games and Roblox are already linked in that players can often buy accessories, apparel, or cryptocurrency within a game.
Bloomberg recently featured an article: Luxury Brands Are Already Making Millions in the Metaverse. The likes of Gucci, Balenciaga, and Burberry are spinning up fashion and accessories. Successful buyers receive an NFT, or nonfungible token, which is a virtual certificate of ownership that runs on blockchain technology. With this proof of authenticity, an owner can showcase a handbag or dress on VRChat, where tens of thousands of users interact daily through avatars—and flaunt their outfits.
KNOS partnered with BOTS INC (OTC: BTZI) to develop its first Metaverse eCommerce store, where customers can browse products, virtually buy, test products, and have products delivered to their homes. Kronos is planning to expand its product lines that will be specifically designed for the Metaverse experience.
BTZI offers development through Metaverse technologies adding new products and applications to its portfolio with an initial focus on cybersecurity and V.R. e-commerce applications.
Kronos sells the world's most effective, patented air purifiers. Not only do our products operate at superior performance levels, but they are also much quieter than HEPA air purifiers. The noise level ranges from 22dB (sleep mode) to 57dB (turbo mode) and averages at 34dB, which is half of traditional air purification systems while far more effective. This noise level is as quiet as a soft hum which only increases substantially when the unit detects, neutralizes, and purifies the air of pollutants, smoke, odors, gases, viruses, mold, and allergens that should be removed from the atmosphere.
Kronos' safer indoor air quality products include MODEL 3, MODEL 5, and MODEL 8 (also marketed as Airdog® products).
The Kronos MODEL 3 (MSRP $450) is our best seller for bedrooms. Its air purification performance provides "peace of mind," all the while operating at a level described as being whisper quiet. Patented Kronos ®CORE technology is the latest advancement in Air purifiers technology. It generates a high voltage electric field known as cold plasma to electrify particulates, including viruses and bacteria. Unlike traditional air purifiers that trap pollutants on HEPA filters, Kronos® filter-less technology destroys contaminants as they pass through the electrified field.
This Space-age Technology allows MODEL 3 to actively collect particles six times smaller than other air purifiers.
This superior filtering technique completely eliminates the need for a HEPA filter—no more costly filter replacements. In fact, Kronos® three layers of Washable Filters equate to zero dollars in maintenance cost, all the while eliminating up to 99.9% of Harmful Particles, 99.9% of PM 2.5, and 99% of Chemical Toxins in the air it cleans.
MODEL 5 (MSRP $650): Ideal for rooms of up to 1400sq. ft. can disinfect and purify air space 24/7 (bedrooms, living rooms, etc.) This MODEL 5 is 26 (H) x 12 (L) x 12 (W) inches, weighs 28.9 pounds, and its power consumption is only 20-60 W (110/240v).
MODEL 8 (MSRP $1,199) ON SALE price $999.00: Ideal for large spaces up to 3000 sq. ft. (businesses, hospitals, schools, universities, hotels, restaurants, including residential spaces such as studio apartments, large living rooms, and home offices.) The MODEL 8 is 30" (H) x 15" (W) x 15", weighs 43 pounds, and its power consumption is 110 W (110/240v). The MODEL 8 may well be the highest CADR among all air purifiers, including HEPA, and the most efficacious with the lowest cost of ownership.
In addition, Kronos offers a unique air purifier, Car Air, to keep the air in your car the safest it can be and a personal air purifier for outdoor activity -FIT AIR- that is wearable on your arm. Kronos also supplies advanced US-manufactured N95 face masks and graphene face masks (including high-tech invisible masks) to better protect employees, customers, students, and teachers nationwide.
About Kronos Advanced Technologies, Inc.
The Company was founded in 2002 and funded by the U.S. military to develop electrostatic air movers. Eventually, the Company moved into the consumer air purification business. It began operations as a product development company that invented and significantly changed the way air is moved, filtered, and sterilized. Historically, Kronos has focused on developing, marketing, and selling the Company's proprietary air movement and purification technology. Serving the Indoor Air Quality (IAQ) market, Kronos technology uses state-of-the-art high voltage patented processes without the use of traditional porous HEPA filters. Kronos-based products move air silently, filter, sterilize, and purify the air while dramatically reducing energy consumption to half a 60-watt light bulb. Kronos devices can be variable in shape or size and, therefore, have the potential to be scaled-down for air purification in cars or scaled-up in size for industrial and hazardous gas destruction. The technology is currently being implemented in multiple standalone products for businesses, homes, and vehicles of all types to move, sterilize, and filter air, including removing allergens down to 14.6 nanometers by the passing of air through our patented technology. In addition, there are broad ranges of additional markets for standalone and embedded Kronos CORE technology-based devices. Immediately addressable markets are schools, universities, healthcare facilities, operating rooms, manufacturing clean rooms, and automobiles and commercial aircraft cabins.
The Company supports KronosFoundation.org, which encourages people to make positive change while it helps others to breathe safe air by donating air purifiers locally and nationwide through campaigns that make an impact.
Kronos published research about the effectiveness of Kronos Patented technology on air disinfection n (e.g., microorganism destruction) by demonstrating the high efficacy of Kronos® Technology-based air purifiers in capturing and destroying various types of microorganisms (including Corona Viruses) in different environmental settings back in 2008. Results of this research showed that Electrostatic Air Filtration and Purification systems based on Kronos technology demonstrated high capturing and destruction efficiency for different types of microorganisms, bacteria, and viruses, and can be successfully used for disinfection of air in real word environmental settings, including hospital facilities both with and without the presence of people.
BusinessWeek called Kronos air purifiers "VIRUS KILLER" in 2005.
Kronos is the first publicly traded Company that accepts Dogecoin as a form of payment for its products, as well as other cryptocurrencies.
Recently, the Company filed for a provisional patent involving an innovative protective face mask with antimicrobial and anti-cellphone radiation protection features. The Company is planning to file additional patents to improve its existing technology as well as enter into new market segments but will continue to market air purifiers and other consumer products. The Company is an exclusive distributor and licensee of the latest generation of air purifiers based on the Company's CORE technologies. The Company markets its products as Airdog® and KRONOS® brands. All Kronos products come with Kronos Promise ™ -Your Satisfaction is Guaranteed!
Company offices are located in Parkersburg, WV.
Shopping portal: https://www.1800safeair.com
Follow KNOS on Twitter: https://twitter.com/kronosati
Follow KNOS on Facebook: https://www.facebook.com/kronosati
Follow KNOS on Instagram: https://www.instagram.com/kronos_ati/
Follow KNOS on Youtube: https://www.youtube.com/channel/UCdtrQDt1R26Ulh8v-S-EpJg
Follow KNOS on Reddit: https://www.reddit.com/user/Kronos_ATI
Follow KNOS on LinkedIn: https://www.linkedin.com/company/kronos-advanced-techngologies-inc
Contact us via info@kronosati.co or visit https://www.kronosati.co or https://www.1800SafeAIR.com
COVID-19 DISCLAIMER:
Kronos uses a variety of methods to test the functionality of our air purification products. Customers should evaluate their specific application and environmental conditions when making an assessment regarding the technology's potential benefits. Our customers should also use reasonable safety precautions to prevent the transmission of pathogens, including SARS-CoV-2. While our products provide significant advantages, you cannot rely solely on our products to contain Covid or prevent its spread. It is essential to comply with all applicable public health laws and guidelines issued by national, federal, state, and local authorities, including guidance published by the Centers for Disease Control and Prevention (CDC), including but not limited to social distancing, hand hygiene, cough etiquette, and the use of face masks.
Disclaimer
This news release does not constitute an offer to sell, a solicitation of an offer to buy, or a recommendation of any security or any other product or service by Kronos Advanced Technologies Inc or any other third party regardless of whether such security, product, or service is referenced in this press release. Furthermore, nothing in this press release is intended to provide tax, legal, or investment advice, and nothing in it should be construed as a recommendation to buy, sell, or hold any investment or security or to engage in any investment strategy or transaction. Kronos Advanced Technologies does not represent that the securities, products, or services discussed in this press release are suitable for any particular investor. You are solely responsible for determining whether any investment, investment strategy, security, or related transaction is appropriate for you based on your personal investment objectives, financial circumstances, and risk tolerance. You should consult your business advisor, attorney, and/or tax and accounting advisor regarding your specific business, legal, or tax situation.
Social Media Disclaimer and Forward-Looking Statements.
Kronos Advanced Technologies investors and others should note that we announce material information to the public about the Company through various means, including our website (https://www.kronosati.co/investors), through press releases, OTCmarkets filings, public conference calls, via our corporate Social Media accounts, listed above.
We encourage our investors and others to monitor and review the information we make public in these locations, as such information could be deemed to be material information. Please note that this list may be updated from time to time.
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 information 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 disclosed in our filings with the OTC Markets at OTCMarkets.com. 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, governmental and public policy changes, the Company's ability to raise capital on acceptable terms, if at all, the Company's successful development of its products and the integration into its existing products and the commercial acceptance of the Company's products.
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.
SOURCE: KRONOS ADVANCED TECHNOLOGIES, Inc
Phone inquiries: 1-800-SAFE-AIR (option #4)
The VEGAS.MV platform is scheduled to launch in two weeks. This project must have been developed over many months. We now have a better idea of what Bot's has been working on all this time we've been waiting for revenue.
I think this is like the early days of crypto currency and Bots seems to be leading the way. Las Vegas seems like the ideal location to start an entertainment metaverse.
There's a new PR out today. Anyone want to be the first to start buying up Las Vegas?...
BOTS, Inc. Now Accepting Pre-Orders for Vegas-Style Virtual Real Estate in a Metaverse Development
San Juan, Puerto Rico - (NewMediaWire) - December 21, 2021 - 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, and warranties, announced today the start of pre-orders to accelerate the development of a new Metaverse based on the terrestrial Las Vegas. BOTS acquired the domain VEGAS.MV for this project, which will launch in two weeks.
"We believe that utilizing dot MV is the perfect domain ending for the Metaverse economy and ‘VEGAS.MV’ represents the best domain to build a Vegas-style Metaverse which shall include hotels, casinos, real estate, and a plethora of Las Vegas-style virtual entertainment. We plan to offer exclusive partnerships to build a Metaverse experience on www.Vegas.MV, which will become a global online virtual platform for collective experiences connecting millions of people every day," commented Oleksandr Gordieiev, BOTS, Inc. CEO.
The MetaBOTS™ platform will be designed to allow consumers, a variety of end-users, entertainers, business operators, influencers as well as creative virtual real estate developers that will own and manage their personal and business properties in this Metaverse. The Vegas.MV city will also feature exciting 3D-themed entertainment options, a virtual golf course, and virtual restaurants where customers can "walk-in" and order from the virtual menus in a way that will allow orders to be delivered in real life to their homes. Also, there will be open virtual parks where users can play, meet up with virtual friends, and build their communities.
Would you like to be mayor, sheriff, or hold an important role in this virtual Vegas city? The Company is also taking pre-orders for this position.
In anticipation of massive demand from individuals, public and private companies, BTZI has begun accepting pre-orders selling its Vegas-style virtual real estate in this upcoming Metaverse development to the first participants that wish to get in early at a steep discount prior to complete development. We are also developing a cryptocurrency that will become one of the currencies of the future city. NFTs will also play an integral role in forming the atmospheres of many aspects of Vegas.MV Metaverse. Artificial Real Estate in virtual worlds has fetched astounding prices in real dollar values, and this phenomenon has only just begun, which is destined for a future far greater than the Internet itself. For more information and indications of interest, please email: info@bots.bz
THE METAVERSE AND ITS IMPLICATIONS FOR OUR DIGITAL FUTURE, published on the University of Virginia website (https://news.virginia.edu), describes an interview with David Touve, senior director of the University of Virginia's Batten Institute and an expert in new technologies and digital experiences, recently answered questions about the nascent Metaverse:
Q. As you understand the current project underway at Facebook, what is the Metaverse?
A. I think that to understand this concept of a 'metaverse,' it can be helpful to first think of any shared, virtual space: everything from a chat room to games like Minecraft and Fortnite. While these spaces differ in terms of the richness of the virtual experience – text, audio, video, visual detail, sense of space, actions you can take, etc. – what they share is the opportunity for multiple, if not millions, of people to simultaneously connect within an online environment.
When Facebook, now Meta, refers to the Metaverse, they are simply taking things a few steps further. Meta's conception of this Metaverse appears to be inspired by the immersive experience imagined when the word may have been first coined nearly 30 years ago in the book "Snow Crash" by Neal Stephenson. However, the structure of the platform – and, particularly, who owns it – is different.
The experience of the Metaverse is imagined to be highly immersive, blending augmented and virtual reality to provide a sense of being somewhere else. However, unlike virtual worlds like Minecraft and Fortnite, as well as the Metaverse in "Snow Crash," which are owned by a single company, Zuckerberg and other tech executives have been describing a platform akin to the Internet – an underlying and enabling infrastructure that is not owned and operated by any single entity.
Instead, the Metaverse would be made possible through a set of underlying rules and a wide range of technologies that enable a variety of devices and software to connect and create these shared experiences, just like a range of mostly invisible-to-the-user protocols make possible the Internet over which we now connect to a range of services.
In other words, this platform wouldn't be Meta's Metaverse. Instead, companies like Meta would operate shared experiences on one planet among the thousands, if not millions, of other virtual destinations in the wider Metaverse.
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.
Track BTZI news on Facebook @https://www.facebook.com/Bots.Bz/
Follow BTZI news on Twitter @Bots_bz www.Twitter.com/Bots_bz
Find BTZI news at http://www.bots.bz
BOTS, Inc. has been featured in media nationwide, including CNBC, Bloomberg, TheStreet.com.
For more information, visit http://www.bots.bz
Visit BTZI on Facebook
https://www.facebook.com/Bots.Bz/
Follow BTZI on Twitter @Bots_bz
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
There's a new PR out today...
BOTS, Inc. Enters Revolutionary Metaverse Space
San Juan, Puerto Rico, Dec. 20, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- 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, and warranties, announces the development of Metaverse technologies adding new products and applications to its portfolio with an initial focus on cybersecurity and V.R. e-commerce applications.
According to a report by Emergen Research, the global Metaverse market size was at USD 47.69 Billion in 2020 and is expected to register a revenue CAGR of 43.3% by 2028.
Metaverse broadly refers to using immersive technologies to form a shared virtual platform that can be accessed through multiple devices where people can move within digital environments, including interaction, e-commerce, experiences, interoperability, and the Internet of Things.
Several companies, as well as governments, have announced plans to develop platforms and software for Metaverse platforms.
In May, the South Korean government formed its own "Metaverse Alliance," which has grown to include more than 200 institutions in the country. In August, Nvidia launched its "Omniverse" initiative, introducing the graphics processor and system-on-a-chip manufacturer's own take on the technologies needed for an open and extensible V.R. platform.
During Connect 2021, Facebook CEO Mark Zuckerberg introduced Meta, which brings together Facebook apps and technologies under one new company brand. Meta's focus will be to bring the Metaverse to life and help people connect, find communities, and grow businesses.
"The Metaverse will feel like a hybrid of today's online social experiences, sometimes expanded into three dimensions or projected into the physical world. It will let you share immersive experiences with other people even when you can't be together — and do things together you couldn't do in the physical world. It's the next evolution in a long line of social technologies, and it's ushering in a new chapter for our Company," Zuckerberg went on to share more about this vision in a founder's letter.
MICROSOFT recently announced that it is joining the Metaverse revolution by bringing the Metaverse to office life. The U.S. software giant indicated that in the first half of next year, users of its team's collaboration software would be able to appear as avatars or animated cartoons in video meetings.
Microsoft's plan is based on the underlying technology, known as Mesh, that it unveiled earlier this year to handle far more complex virtual interactions on different types of hardware, from P.C.s to virtual reality headsets. Microsoft is building on efforts like Together Mode and other experiments for making meetings more interactive after months of people working from home and adjusting to hybrid work.
Shopify, the e-commerce platform, has recently acquired Primer, an augmented reality app that allows users to see the results of a home improvement project before getting their hands dirty. Augmented reality can transform brands. Shopify published data in 2020 which demonstrated that interacting with Artificial Reality content when shopping led to 94% higher conversion rates than shopping without A.R.
Shopify stated it is building out its suite of services to meet consumers' changing demands and behaviors.
BOTS' new technology has been branded as MetaBOTS™ and will be available in 2022. The Company will be offering to public and private customers Metaverse related software development services, including software, hardware design, and manufacturing. "We believe that the Metaverse revolution makes it possible through a wide range of technologies that enable multiple VR/AR devices and software to connect and create these unique shared experiences, including virtual travel and e-commerce experiences," commented Oleksandr Gordieiev, BOTS, Inc. CEO.
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.
Track BTZI news on Facebook @https://www.facebook.com/Bots.Bz/
Follow BTZI news on Twitter @Bots_bz www.Twitter.com/Bots_bz
Find BTZI news at http://www.bots.bz
BOTS, Inc. has been featured in media nationwide, including CNBC, Bloomberg, TheStreet.com.
For more information, visit http://www.bots.bz
Visit BTZI on Facebook
https://www.facebook.com/Bots.Bz/
Follow BTZI on Twitter @Bots_bz
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
https://www.globenewswire.com/newsroom/ti?nf=ODQxNTEzMyM0NjIzMDc5IzUwMDAzMTcxMQ==
https://ml.globenewswire.com/media/YTI0MzBkMzEtNTU2Yy00NzhmLWI4OTgtMDJkMTAyMTBhZjVhLTUwMDAzMTcxMQ==/tiny/BOTS-Inc-.png
Source: BOTS, Inc.
You initially asked for an explanation of why First Bitcoin Capital Corp sold the patents to Bots. In exchange for selling their subsidiary, First Bitcoin Capital, LLC to Bots they received enough shares of Bots to give them controlling interest in the company. In effect, they didn't lose anything and they acquired an asset whose valuation was increased by the patents and other assets that were transferred.
No one is disputing that Bot's now has to do something with those assets or come up with new sources of revenue.
The real payoff for the patent will be signing up the ATM manufacturers and owners to be participants in a network that will allow all ATM's to communicate and exchange funds with each other. If you regularly conduct transactions on an ATM made by company Y and owned by company B in California, you would want to be able to take funds out when you travel to New York and all the ATM's are manufactured by company Y and owned by company A.
The patent is the carrot that would attract these companies to sign up for the network. The Network would still be collecting transaction fees long after the patent expires. From their April 22, 2021 PR...
BOTS INCORPORATED COMPLETES I.P. PORTFOLIO OF BITCOIN ATM PATENTS; WILL PROCEED LICENSING TO THE INDUSTRY: PROJECTS $30 MILLION IN YEARLY REVENUES.
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 (conducive to 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.
Do you realize that First Bitcoin received controlling interest in BTZI as a byproduct of that transaction. In other words, they own Bots, Inc. They simply moved the subsidiary that owned the patent (Bitcoin Capital, LLC) which was not publicly traded into a new subsidiary (Bots, Inc) that was publicly traded and whose stock price could benefit from the move. Consequently, BITCF was able to benefit from the increased valuation of their new BTZI subsidiary.
Bots 2FQ22 10-Q Financial report
Note 5. Acquisition
On May 15, 2020, the Company acquired First Bitcoin Capital, LLC and all the assets of First Bitcoin Capital Corp. The Company acquired all cash, inventory, prepaid expenses, inventory, fixed assets, and intellectual property for a total purchase price of $10,120,000. The Company issued 100,000,000 common shares and 30,000,000 Series A Preferred shares at the rate of $0.0253 per underlying common share. The Company has 60,000,000 Series A Preferred held in reserve for issuance should certain milestones be achieved over the course of three years.
Thanks Grorate. Glad to see there are still other die-hards from the mCig days. Hope you and all the rest have a Happy Holiday Season as well. Hopefully the New Year will finally see all of us rewarded.
This is the first time in my memory that the company has produced their financials without taking advantage of the deadline extension. Here's the link...
Bots 2FQ22 10-Q
As expected there was minimal revenue. Their mining and rig repair became operational on October 27, and this report only covers operations through October 31. However, total assets increased by $197,226 from $6,787,112 to $6,984,338.
The next financial report for 3FQ22 (thru January 1, 2022) due in mid march should be more interesting.
Here's the link to the 10-Q:
OBTX 10/31/2021 10-Q
There's a new PR out today...
EVERYTHING BLOCKCHAIN FILES QUARTERLY FINANCIALS WITH SEC - REPORTS THIRD QUARTER EARNINGS OF $0.38 PER SHARE AND YEAR TO DATE EARNINGS OF $0.92 PER SHARE
Jacksonville, Florida, Dec. 15, 2021 (GLOBE NEWSWIRE) --
Revenue was $4.9 million for the three months ended October 31, 2021, as compared to $0.1 million for the three months ended October 31, 2020, and $11.6 Million for the nine months ended October 31, 2021, as compared to $0.1 million for the nine months ended October 31, 2020.
Net profit was $3.2 million for the three months ended October 31, 2021, as compared to a net loss of $0.1 million for the three months ended October 31, 2020, and $6.5 Million for the nine months ended October 31, 2021, as compared to a net loss of $49.4 million for the nine months ended October 31, 2020.
December 15, 2021 – Everything Blockchain, Inc., (OTC Markets: OBTX) an advanced platform architect, development and services company and software foundry, specializing in blockchain technologies, decentralized processing, and zero trust applications, today reported earnings per share of $0.38 for the third fiscal quarter ended October 31, 2021, compared with ($0.02) loss in the third fiscal quarter ended October 31, 2020. In addition, Everything Blockchain reported earnings per share of $0.92 for the nine months ended October 31, 2021, compared with ($6.90) loss in the nine months ended October 31, 2020.
Eric Jaffe, Everything Blockchain’s Chief Executive Officer, stated, “The numbers for the third quarter and year to date are in line with our annual projection of $18 million in revenue and ahead of our projected annual net profit of $7 million.” Mr. Jaffe added, “With the upcoming launch of PulseChain and the distribution of PULS tokens, which we expect during the fourth quarter, we will see further growth in revenue.”
Our financials for the third quarter ended October 31, 2021 and 2020, are as follows. The numbers are presented in thousands (000), except for earnings per share and weighted average shares:
For the three months ended
October 31,
2021 2020
Gross revenue $ 4,906 $ 62
Total cost of sales,
operating expenses,
and other expenses 1,676 202
Net profit (loss) $ 3,230 $ (140)
Income (Loss) per share $ 0.38 $ (0.02)
Weighted average shares
outstanding - basic 8,552,786 5,872,554
Our financials for the nine months ended October 31, 2021 and 2020, are as follows. The numbers are presented in thousands (000),
except for earnings per share and weighted average shares:
For the nine months ended
October 31,
2021 2020
Gross revenue $ 11,603 $ 62
Total cost of sales,
operating expenses,
and other expenses 5,066 49,468
Net profit (loss) $ 6,537 $(49,406)
Income (Loss) per share $ 0.92 $ (6.90)
Weighted average shares
outstanding - basic 7,074,748 7,156,979
I think that depends on your brokerage. The stock does have a published bid and ask price.
There might be some news coming soon based on their 10/27/21 PR...
Everything Blockchain, Inc. Announces Agreement to Develop FinTech Platform Utilizing Its Patented QueryChain Blockchain
Under terms of the agreement, Everything Blockchain is to develop the technical papers and infrastructure concepts to be completed by December 15, 2021. The Company will receive $200K in compensation for the development plan, along with the implementation of our Zero Trust Data Platform for the protection of the intellectual property. The Agreement envisions a long-term partnership where Everything Blockchain will develop and manage the technical applications and platform. Terms of future services have not yet been determined.
On November 12, 2021 COUV closed its acquisition of Carbon-Ion Energy. The details were disclosed in the 8-K referenced/linked below...
COUV 8-K Announcing the Acquisition of Carbon-Ion
On April 26, 2021, Corporate Universe, Inc. (the “Company”) disclosed in its Form 10 Registration Statement (the “Form 10”) that it had entered into a share exchange agreement (the “Share Exchange Agreement”) with Carbon-Ion Energy, Inc. (“Carbon-Ion”) and the shareholders of Carbon-Ion. dated April 13, 2021. The closing of the Share Exchange (defined below) took place on November 12, 2021 (the “Closing Date”). In addition to filing this Form 8-K to disclose the closing of the acquisition as required by Item 2.01, the Company is filing this Form 8-K to provide certain voluntary disclosures concerning Carbon-Ion’s business and related risk factors as well is its financial condition, as permitted by Item 8.01.
I can't be sure, but to me it seems like they realized that's a fight they can't win.
We haven't heard anything about that patent or it being enforced in almost a year no? That can't be a good sign
Here's the link to today's PR. This is potentially a very lucrative revenue source depending on how much resource the company devotes to marketing, however, as yet there are no revenue estimates...
BOTS, Inc. Partners With China's First NFT Museum at The Hainan Wenchang Aerospace International Film and Television Center
San Juan, Puerto Rico - (NewMediaWire) - December 6, 2021 - 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, and warranties, announced today that May 18, 2022, is a day worthy of commemoration by museums and digital art circles. China's first NFT museum will hold a grand opening and celebration ceremony at Wenchang Aerospace International Film and Television Center in Hainan, China. It is now soliciting works from art associations, artists, calligraphy, network media, and digital art lovers at home and abroad, all provinces and regions across the country and globally. At the same time, first China "Digital Art Museum" Invitational Exhibition of Works will be held. BOTS, Inc, is the lead partner for developing interest from North America and will share revenues with Digital Art NFT Museum when bringing in buyers of NFTs as well as sharing revenues when Digital Art NFT Museum sells NFTs that BOTS, Inc. brings into the Digital Art NFT Museum.
BOTS, Inc. will also provide extensive expertise in cooperating with the crypto and technical aspects of NFT creation and exhibition.
CNN reported in March that NFT artwork sold at auction for a staggering $69 million. This first virtual Non-Fungible Token (NFT) artwork sold at a major auction house fetched $69,346,250 during an online auction held by Christie's.
The record-breaking sale of "Everyday: The First 5000 Days" catapults the creator, Mike Winkelmann, who goes by Beeple, near the summit of the most expensive living artists to date, placing him just below David Hockney and Jeff Koons. Hockney's painting "Portrait of an Artist (Pool with Two Figures)" sold for $90.3 million in 2018, while Koons' stainless-steel sculpture "Rabbit" topped the list at $91.1 million in 2019.
Forbes also reported in March this year that the NFT Market Rages On NFTs Market Cap Grew 1,785% In 2021 As Demand Explodes. The demand for NFTs continues to surge, and the NFT market is showing no signs of slowing down. Within less than three months, the combined market cap of major NFT projects has increased by 1,785%.
Businessinsider.com reported back in July 2021 that NFT sales volume soared to $2.5 billion in the first half of 2021, as artists, celebrities, and even Twitter and CNN joined the crypto craze. Sales volumes for non-fungible tokens (NFTs) soared to a record $2.5 billion in the first half of 2021, according to DappRadar, as artists, celebrities, companies, and even government institutions joined the crypto craze and created a red-hot market for digital tokens.
Digital analytics firm DappRadar, which tracks data on decentralized applications, including NFT sales platforms that are based on blockchain networks like Ethereum, noted the explosion in growth, particularly over the last 12 months.
"In 2020, the total amount of volume generated by the NFT collections tracked by DappRadar equaled a staggering $94,862,807. Even more impressive is that by the end of Q2 2021, that figure stands at almost $2.5 billion dollars," the Company said in a blog post last week.
Here are some NFT statistics provided by EarthWEB: *NFTs are a new way of proving ownership over digital goods. They've been around for less than ten years. They have only recently begun to morph into their own market with the emergence of alternatives like Enjin Coin, which is designed specifically for gaming communities. For example, one NFT that sold last year was valued at $69 million – making it the most expensive virtual item ever traded on any platform in history.
*There are $10-$20 million worth of NFTs sold on blockchains every week.
*Complete value of NFT sales in 2020 was $250 million.
*Nonfungible.com surpassed a value of $2 billion in 2021.
*The collectibles market is the fastest growing of any other market.
The rise of digital art and NFTs have swept the world. NFTs have become the most searched word in the online world in 2021. NFTs have already called the attention of the Louvre in Paris, the British Museum in London, and the Metropolitan Museum of Art in New York. The Palace Museum is also quietly laying out NFT exhibitions, and major investment institutions and funds have also laid out the future development pattern of NFT, welcoming the day when the market is coming. In fact, the age of the NFT museum has come, and there have been cases where the first auction has been held. The Digital Art Museum will be used to display various NFT collections, allowing people to experience the scientific and technological achievements of the combination of traditional culture and modern technology.
At present, the cultural and art industry is experiencing the impact of high-tech networks in the new era. Therefore, NFT is an important carrier for the generation of new cultural and artistic inheritance in the digital age. The distribution model of art rights and interests and creators provide new channels for selling digital artworks. NFTs can effectively provide a new carrier and consensus mechanism for artworks, open the door to the digital world outside the physical boundaries, and also open a new era of digital art development.
BTZI's BeadSWAP partner EquityArt is the developer of the Digital Art NFT Museum in China.
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.
Track BTZI news on Facebook @https://www.facebook.com/Bots.Bz/
Follow BTZI news on Twitter @Bots_bz www.Twitter.com/Bots_bz
Find BTZI news at http://www.bots.bz
Bots, Inc. has been featured in media nationwide, including CNBC, Bloomberg, TheStreet.com.
For more information, visit http://www.bots.bz
Visit BTZI on Facebook
https://www.facebook.com/Bots.Bz/
Follow BTZI on Twitter @Bots_bz
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
Is there any chance at all that this goes above $1.00
Click on the blue title line.
FYI When you place a URL address in a post that you're creating, you can highlight it and click the URL button on your left. That will place codes around the url and there will be a space labeled "insert-text-here". You can replace the phrase "insert-text-here" with the title from your article or any other wording and that wording will appear in blue on your post and be a clickable link to your article.
All of the gray buttons on the side menu when you're creating posts work the same way. You highlight the text that you want to apply the menu item to (e.g. to make the text bold) and then click the gray (e.g.bold) button.
Paul Rosenberg resigned as a Director of Bots, Inc on August 24, 2021. He is no longer part of that company's management. The company was briefly demoted to the Expert Market last month for being late on reporting their financials. The demotion lasted for about two weeks until the company filed their last 10-Q and they were then reinstated and are again classified as "Pink Current Information". The company is again trading at approximately the same pps as it was before this incident. Paul Rosenberg had nothing to do with any of that.
Here's a good read, too long to include here...
TRUMP’S NEXT COUP HAS ALREADY BEGUN
Technically, the next attempt to overthrow a national election may not qualify as a coup. It will rely on subversion more than violence, although each will have its place. If the plot succeeds, the ballots cast by American voters will not decide the presidency in 2024. Thousands of votes will be thrown away, or millions, to produce the required effect. The winner will be declared the loser. The loser will be certified president-elect.
The prospect of this democratic collapse is not remote. People with the motive to make it happen are manufacturing the means. Given the opportunity, they will act. They are acting already.
Who or what will safeguard our constitutional order is not apparent today. It is not even apparent who will try. Democrats, big and small D, are not behaving as if they believe the threat is real. Some of them, including President Joe Biden, have taken passing rhetorical notice, but their attention wanders. They are making a grievous mistake.
FROM OUR JANUARY/FEBRUARY 2022 ISSUE
No revenue in all the recent 10Q's proves that they can't sell products.
So another words, they can't sell products and are hoping deep discount will generate revenue.
The Company is developing a private Dogecoin pool and next-generation highly advanced Dogecoin miner that will be announced in the immediate future.
There's a new PR out today...
BOTS, Inc. Becomes One of the First Public Companies to Accept Shiba Inu
Offers Black Friday Deals on Its Dogecoin Miners, Products and Services Today
San Juan, Puerto Rico - (NewMediaWire) - December 3, 2021 - 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 repairs, and warranties, announced today it will begin accepting payments in the SHIBA INU (COIN: SHIB) and offers Black Friday specials on its Dogecoin entry-level miners.
BTZI announced recently that it developed competitively priced first generation Dogecoin miners shipped to KNOS’ AIRDOGE™ purifier owners at no extra charge. These are now available for sale on www.bots.bz at a 50% deep discount. Also Bitcoin miner warranties and miner repair services are available during the sale which runs till the end of this week at up to 25% off their regular pricing.
The Company is developing a private Dogecoin pool and next-generation highly advanced Dogecoin miner that will be announced in the immediate future.
In a recent Coindesk article entitled Dogecoin Mining 2021: Everything You Need to Know, it was reported that Dogecoin's incredible start to the year attracted record numbers of miners to its network. But how easy is it to mine Dogecoin ($DOGE), and what do you need to get involved?
Dogecoin has come a long way since its modest beginnings as a humorous cryptocurrency centered upon a viral Internet meme of a Shiba Inu dog. What was once a parody project purposefully created by software engineers Jackson Palmer and Billy Markus to be "as ridiculous as possible" is now a top ten crypto-asset surpassing $35 billion in market capitalization while boasting of a global fan base.
Like Bitcoin, Ethereum, Litecoin, the Dogecoin inspired Shiba Inu coin is a very popular cryptocurrency that can be used to buy goods and services, as a community-driven token, the functionality of which includes a decentralized exchange (ShibaSwap), a platform for working with NFTs, as well as a profitable tool for passive income, according to NOWPayments.
As reported by CNN, Shiba Inu coin price hit a new record revealing it to be the most astronomically increasing commodity in history and up an additional 30% in a 24-hour period just on the hopes that a Robinhood petition to add it to their cryptocurrency list of buyable coins would increase popularity. It pared back some of its gains since hitting its all-time high last week but then continued to move to reach the dizzying heights of the 13th largest digital currency by market capitalization yesterday.
The token, which was launched last year, has surged more than 100% during the previous seven days and now has a market value of about $23 billion, surpassing Dogecoin with the trading volume.[/img]
Like Dogecoin, the Shiba Inu coin features the Shiba Inu dog as its mascot. Its meteoric rise has made some investors millionaires overnight. The coin has also won a handful of celebrity backers, from former boy band stars to pro athletes.
Earlier this year, Ethereum co-founder Vitalik Buterin made headlines by donating $1 billion worth of SHIB to a COVID-19 relief fund in India.
Cryptocurrency mining has become very popular in the past years as investors embrace the crypto asset to diversify their wealth in addition to the traditional stock market.
BTZI is the first public company to offer Bitcoin miner warranties to operators in North America. The extended miner warranty program initially covers Bitmain manufactured miners, but soon, BTZI will add coverage for Canaan Inc, 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 through our new subsidiary, TekX Mining and Gaming PC Solutions LLC.
Around 3,000,000 Bitcoin miners are in operation in the U.S.A., with about 2,000,000 in Canada.
BTZI estimates the extended Bitcoin miners' warranty market size could quickly exceed $1.2 billion in the U.S.A. with no currently known competition.
BTZI is also developing a 10MW self-mining facility in West Virginia.
BOTS, Inc. is the first to build an 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 – which allows 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.
Tweet @shibainucoin to encourage $SHIB to let their followers learn about the BTZI/SHIB news today.
BTZI is on schedule to file its Q2 financial reports on a timely basis.
About BOTS, Inc.
BOTS, Inc. is a global technology company specialized in Blockchain-based solutions, including decentralized finance applications, cybersecurity solutions, 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.
Track BTZI news on Facebook @https://www.facebook.com/Bots.Bz/
Follow BTZI news on Twitter @Bots_bz www.Twitter.com/Bots_bz
Find BTZI news at http://www.bots.bz
Bots, Inc. has been featured in media nationwide, including CNBC, Bloomberg, TheStreet.com.
For more information, visit http://www.bots.bz
Visit BTZI on Facebook
https://www.facebook.com/Bots.Bz/
Follow BTZI on Twitter @Bots_bz
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
Think it will be different this time?
If I could accurately predict stock prices I wouldn't be posting here. I'd be lying on a beach in the Caribbean sipping a manhattan. My post wasn't/isn't a prediction. It merely states that if the revenue numbers are met and there are no other sources of revenue, a conservative rational analysis would target a pps of between $.11 and $.17 per share.
It points to the fact that if you accept the revenue projections, Bots is currently significantly undervalued at just above $.05 share, especially if you expect that there will also be revenue from other sources.
There is good reason to believe that the expectations can be met...
The PR stated that "Some buyers report up to 30% of miners bought overseas arrive in non-working condition." Moreover, a backlog on shipments of new miners creates a large market for pre-owned warrantied rigs. "Bulk preorders for the most powerful Bitcoin mining hardware from major manufacturers are already queued up until May of next year, suggesting an increasing level of institutionalized demand for such equipment." This anticipates a huge market for TekX Mining repair and warranty services. They've stated that "TekX has developed extended service warranties and significant repair capacities of up to 1,000 miners per day."
It goes on to say, "Around 3,000,000 Bitcoin miners are in operation in the US and about 2,000,000 in Canada.
BTZI estimates the extended Bitcoin miners' warranty market size could quickly exceed $1.2 billion in the US.
Bots is now projecting potential revenues of $20 to $30 million in 2022. If we conservatively estimate that they would realize a 10% profit margin, Bots would see $2 to $3 million in earnings in calendar year 2022 just from mining rig repair alone. Based on this alone we can project a rational price range (assuming no other sources produce any revenue)...
$2,000,000 / 734,874,596 OS = $.00272 Earnings Per Share (EPS)
$3,000,000 / 734,874,596 OS = $.00408 EPS
Using the Stern School Of Business Analysis of PE Ratios by Industry, I theorize that BTZI could be categorized under Computer Peripherals. The companies in this category have an average PE ratio of 40.61x.
$ .00272 EPS x 40.61 = $.110/share pps
$ .00408 EPS x 40.61 = $.166/share pps
Consequently, a rational price target based on mining rig repair alone would give Bots a pps target of between $.11 and $.17 per share. Again this does not include any other potential sources of revenue and is a conservative estimate based on a 10% profit margin.
There's a new PR out. Finally has some revenue projections...
BOTS, Inc. Subsidiary TekX Mining and Gaming PC Solutions Adds Testing and Certification on Preowned Imported Bitcoin Miners in North America to Its Mining Repair Business
San Juan, Puerto Rico - (NewMediaWire) - December 2, 2021 - 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, and warranties, announced today that TekX Mining and Gaming PC Solutions, LLC begins offering testing, inspection & certification (TIC) services as a value-added set of procedures which is now provided to ensure that the preowned Bitcoin miners and other related products meet with the mandated regulations and manufacturing standards in terms of quality and safety. These services include optional on-site or remote diagnostic testing, documentary checks, data processing consistency verification, management process audits, and inspections across the entire supply chain. Also, TekX will be providing repairs and extended 12-month renewable Bitcoin miners warranties in the US exclusively. Testing and commission will be provided to the institutional Bitcoin miner purchasers as well as smaller miner-operators or at the request of the manufacturer. TekX is Bitmain certified and currently only utilizes Bitmain approved parts and methods.
TheBlockCrypto.com reported recently that Bulk preorders for the latest Bitcoin ASIC miners are sold out until next spring. Bulk preorders for the most powerful Bitcoin mining hardware from major manufacturers are already queued up until May of next year, suggesting an increasing level of institutionalized demand for such equipment.
Bitmain's official website shows that preorders for its flagship AntMiner S19 Pro, S19, and T19 products will have to wait until May 2022 for delivery, which means the preorders with shipments before that have already been sold out at the Bitcoin hardware giant.
Traditionally institutional Bitcoin hardware investors did not invest or purchase preowned miners due to higher risks of repeated malfunctioning. TekX has developed extended service warranties and significant repair capacities of up to 1,000 miners per day. The Company is offering and believes this service will open up a new market and new revenue sources for coming years.
Hundreds of thousands of preowned miners are being migrated to the US. Buyers report a high percentage of malfunctioning preowned miners and a lack of established Quality Control measures available in China or in the USA. Some buyers report up to 30% of miners bought overseas arrive in non-working condition. TekX service will include shipment of all miners to our facility in the USA, testing, repair, and certification in America. Potential revenues are expected to be $20-30 million in 2022.
As reported recently by CNBC: The US is officially the top destination for Bitcoin miners, beating out China for the first time. One-third of Bitcoin's hash rate is in the US, according to the Cambridge Centre for Alternative Finance, a 428% increase from September 2020. The US is now the number one destination for Bitcoin miners, eclipsing China for the first time ever. While it was already trending in that direction, new data from Cambridge University released early Wednesday makes it official. As of July, 35.4% of Bitcoin's hash rate – an industry term used to describe the collective computing power of miners – is in the United States, according to the Cambridge Centre for Alternative Finance. That's a 428% increase from September 2020.
America partly has China to thank for its newfound dominance in the mining industry.
Miners started fleeing China en masse, heading to the cheapest energy sources on the planet in what was dubbed "the great mining migration." A whole lot of them ended up in America.
"The whole narrative of China controlling Bitcoin is now completely destroyed," said Boaz Sobrado, a London-based fintech data analyst.
The US ticks a lot of boxes for migrant Bitcoin miners searching for a new home.
For one, states like Texas boast some of the world's lowest energy prices, which is a major incentive to miners who compete in a low-margin industry where their only variable cost is typically energy.
The US is also flush with renewable power sources.
Washington state is a mecca for hydro-powered mining farms. New York produces more hydroelectric power than any other state east of the Rocky Mountains, and it counts its nuclear power plants toward its 100% carbon-free electricity goal. Meanwhile, Texas' share of renewables is growing over time, with 20% of its power coming from the wind as of 2019. The Texas grid also continues to rapidly add more wind and solar power. Miners across the country have also harnessed nuclear power. Some are latching their rigs to otherwise stranded energy, like natural gas going to waste in oil fields across Texas. This reduces greenhouse gas emissions and generates money for the gas providers and miners.
"If you're looking to relocate hundreds of millions of dollars of miners out of China, you want to make sure you have geographic, political, and jurisdictional stability. You also want to make sure there are private property rights protections for the assets that you are relocating," said Darin Feinstein, co-founder of Core Scientific.
Before Bitcoin miners started coming to America, companies across the country made a gamble that eventually, if adequate infrastructure were in place, they would set up shop in the US.
In recent years, the globalization of trade has led to the emergence of complex supply chains impacting product quality, which has created an increased requirement for improved testing and commissioning processes.
BOTS, Inc. announced earlier that the Company would offer its TekX Accelerated Training at its Parkersburg campus. Those 2-week advanced programs already provide students with knowledge of Bitcoin mining repairs technology and state-of-the-industry miner diagnostics, electrical, and mining technologies.
In addition to providing high-tech training, TekX is conducting research on cutting-edge immersion-cooling mining technologies. Immersion-cooling is a revolutionary technology where Bitcoin mining rigs are submerged in a specialized liquid that is circulated, keeping the hash-boards integrated circuits cooler and operating at lower temperatures. Based on industry data immersion-cooling test results, an estimated 25% -30% increase in hash rate is achieved from lower temperatures.
TekX is utilizing the most advanced technologies such as ultrasonic cleaners, clean rooms, automated soldering gear, and other state-of-the-art equipment in order to ensure that customers' rigs are operating without interruption and generating the maximum ROI.
Cryptocurrency mining has become very popular in the past 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 warranties to operators in North America. The extended miner warranty program will initially be covering Bitmain manufactured miners, but 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 through our new subsidiary.
Around 3,000,000 Bitcoin miners are in operation in the US and about 2,000,000 in Canada.
BTZI estimates the extended Bitcoin miners' warranty market size could quickly exceed $1.2 billion in the US.
BOTS, Inc. is the first to build an 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 –which allows 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.
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 US 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.
Track BTZI news on Facebook @https://www.facebook.com/Bots.Bz/
Follow BTZI news on Twitter @Bots_bz www.Twitter.com/Bots_bz
Find BTZI news at http://www.bots.bz
Bots, Inc. has been featured in media nationwide, including CNBC, Bloomberg, TheStreet.com.
For more information, visit http://www.bots.bz
Visit BTZI on Facebook
https://www.facebook.com/Bots.Bz/
Follow BTZI on Twitter @Bots_bz
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
Bots is Pink Current Information on OTC Markets
It is now current on it's financials. The next 10-Q (2FQ22 thru 10/31/2021) is not due until 12/15/2021 with an extension available until 12/20/2021.
We're back at $.05/share, roughly where we were before the Expert Market scare with a full complement of market makers.
The next 10-Q thru 10/31/21 (2FQ22) will be due in mid December.
Weren't you predicting a huge loss of assets? They're only down roughly $250,000.
The estimate is dependent on the ability of Bots to enforce its ATM patents. The jury is (literally) still out on that.
Each brokerage makes it's own policies regarding Caveat Emptor and Expert Market transactions.