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BOTS INC Moves Forward Towards New Bitcoin Mining Facility in West Virginia

BOTS, Inc., a vertical integrator and an emerging innovator of products, technologies and services for the rapidly growing digital robotics automation and manufacturing industry announced today the signing of a lease agreement for its planned Bitcoin mining farm.  This follows the Company’s previously announced plans to develop a facility capable of housing 50,000 Bitcoin miners.

Coindesk.com reported recently that Bitcoin Miners Saw Revenue Rise 62% in January 2021 From December 2020. Bitcoin miners generated an estimated $1.1 billion in revenue in January, up 62% from December, according to on-chain data from Coin Metrics analyzed by CoinDesk. Around the world, bitcoin miners continue buying more mining machines and are beginning to receive and deploy the ASICs pre-ordered last year as they act on plans for continued expansion.

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“In choosing the West Virginia location, BOTS INC will be able to secure access to some of the most competitively priced electrical energy worldwide,” -Paul Rosenberg, BOTS CEO said.  “Bitcoin Mining is a great way to accumulate Bitcoins as a strategic asset for BTZI. With the correct mining center setup, and advanced mining rigs we will be able to mine Bitcoins in a very profitable way.”

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FirstEnergy Corp., the power provider in West Virginia, recently announced that the company is investing about $200 million on distribution and transmission infrastructure projects to help enhance service reliability and meet future economic growth for its customers.

Fortune magazine reports that Bitcoin Mining companies are in a position to make money and create jobs in rural areas, while also ensuring more Bitcoins—which are becoming strategic assets—end up in American hands.

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