High Capacity Bitcoin Mining Repair Facility in North America Exhibits at Mining Disrupt, World’s Largest Bitcoin Mining Expo
Parkersburg, WV, July 22, 2022 (GLOBE NEWSWIRE) — via NewMediaWire — TEKX MINING AND GAMING PC SOLUTIONS LLC and its parent company (OTC: BTZI), (BOTS, Inc or “The Company”), a global technology conglomerate specializing in Blockchain-based solutions, including decentralized finance applications, cyber security, crypto generation, Bitmain Certified Bitcoin -mining equipment repair and extended warranties today announced that TekX will attend and exhibit at the Mining Disrupt Expo, taking place at the Miami Convention Center in Miami, Florida, from July 26 to July 28, 2022.
Mr. Joe Florence, TekX’s co-founder and CEO, will deliver a keynote address at the Expo. The goal of this talk, titled “7 Secrets of Miner Repairs”, is to share TekX’s 35 years of experience in electronics manufacturing and how TekX is using this experience to DISRUPTED the cryptominer repair industry.
The North American Bitcoin repair and maintenance market is expected to see significant growth year over year. A significant contributor to this growth is due to offshore bitcoin mining companies reorganizing their global geographic operations and increasing their North American presence. Contributing to this transition was the government’s shutdown of Chinese commercial mining operations. This action alone resulted in overnight operational challenges and the mass migration of mining farms to North America.
The US domestic repair and maintenance market for crypto miners is highly fragmented and filled with small local repair shops. The average store offers in-house repair and maintenance services for crypto miners performed by independent commercial operators, with such services augmented by the sale of spare parts.
An increase in the failure rate of existing “in-the-field” crypto miners and the cost benefits of repairing this older mining equipment rather than discarding such units is expected to drive the bitcoin miner repair and maintenance market in the coming years.
Both branded and unbranded miners are currently flooding the market regularly. Such miners often turn out to be made with poor quality materials, lack technical documentation or lack regular maintenance. The TekX approach to meeting this wave of non-operational miners is to offer a market-disruptive solution. TekX plans to develop and manufacture improved aftermarket products for miners with a focus on making the repair of related hashboards a cost-effective solution rather than forcing the owner to purchase a new miner. This will develop brand loyalty and increased trust in our customers.
TekX has exclusively introduced a significant disruptive innovation by offering extended warranty service contracts for 12, 24 and 36 months. Additionally, TekX is actively addressing today’s global “ASIC” computer chip shortage that is negatively impacting all electronic manufacturing and repair facilities. To minimize this impact on our customers, and eliminate extended downtime for repairs, TekX is developing a North American centralized supply chain management platform for all necessary parts, components and technical manuals to be available to the industry.
To book a meeting with the TekX team at Mining Disrupt or for information about mining, please message https://t.me/TekXMinerRepair or visit stand 79 at the Expo. Join our team to discuss the state of the mining industry with miners, crypto enthusiasts and other attendees at the Mining Disrupt Expo.
About Mining Disrupt 2022
Now in its fourth year, Mining Disrupt is known as the world’s largest bitcoin mining conference and Expo, and this year it will take place at the Miami Convention Center in Miami, Florida, from July 26 to July 28, 2022. This year’s Expo will have a 250 000 square meter mining container, keynote speakers, a cigar lounge, pool party, as well as thousands of confirmed participants, suppliers and investors in crypto mining. Anyone interested in significantly scaling their cryptocurrency mining operation and learning how to repair bitcoin miners should attend the event and schedule times to meet with the executives from TekX and ASICxchange – TekX partners in attendance.
In addition to dozens of cutting-edge exhibits and keynote speakers, attendees will also have access to discussion panels and interactive opportunities to ask questions of the experts in attendance.
For more information, schedules and tickets, visit https://miningdisrupt.com
Mining Disrupt 2022 will feature keynote presentations, panel discussions and both indoor and outdoor mining containers. New additions to this year’s event include the first ever “ASIC Museum” with a robust collection of old and rare ASIC models, a B2B “Whale Guest Pass” upgrade with access to the “Whale Lounge” and a VIP “Cigar Lounge.”
Mining Disrupt offers an annual opportunity for miners to gather, connect and focus specifically on Bitcoin mining. The past year has proven to be an eventful year for mining, Bitcoin and crypto as a whole, and the conference promises to unveil new products and ideas from many of the most influential players in the Bitcoin mining industry. Some of the planned presentations and panel topics will include the future of proof of work, mining, mine safety, mining, mine insurance and sustainability, among many others.
TekX and the ASICxchange team look forward to discussing cryptomining repair best practices, recent market trends across Bitcoin hardware procurement, and the latest developments in the industry.
“Mining Disrupt is a great opportunity to meet leaders of the Bitcoin mining industry and present TekX’s disruptive approach to miner repairs and maintenance. We know the electronics industry, miner repairs are our only job, we have solutions for almost every miner repair problem.” – commented Joe Florence.
TekX partnered with ASICxchange to provide the best source for mining hardware, worldwide shipping logistics and expanding TekX miner repair business into Canada and other markets
About ASICxchange.
ASICXchange is a leading cryptomining service provider in North America offering equipment resale, ASIC repairs with extended warranty, hosting solutions, reliable transportation with best-in-class shipping insurance, and facility infrastructure for industrial-scale farms.
For more information visit www.AsicXchange.com
About BOTS, Inc.
BOTS, Inc. is a global technology company specializing in blockchain-based solutions, including decentralized financial applications and cybersecurity solutions, and owns 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.
TekX Mining and Gaming PC Solutions subsidiary is Bitmain certified Bitcoin miner repair facility and also offers crypto mining consulting, optimization and repair of crypto mining equipment and extended warranty contracts. Tekx also conducts training for miner repair technicians. TekX also offers testing, inspection and certification (TIC) services as a value-added set of procedures now offered to ensure that the previously owned bitcoin miners and other related products meet the mandatory regulations and production standards in terms of quality and safety. These services include optional on-site or remote diagnostic testing, document checks, data processing consistency verification, management process audits and inspections across the entire supply chain. Testing and commission will be provided to institutional buyers of bitcoin miners as well as smaller miners or at the request of the manufacturer.
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Forward-looking statements
Certain statements 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 that may be disclosed in the Company’s filings. In addition to these factors, actual future performance, results and outcomes may differ materially due to more general factors, including (without limitation) general industry and market conditions and growth rates, economic conditions and changes in government and public policies. The forward-looking statements included in this press release represent the company’s views as of the date of this press release, and those views are subject to change. Although 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 described in detail on the company’s website and registrations.
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