Company Name: Heatbit

Founder: Alex Busarov

Date Founded: April 2020

Location of Headquarters: Remote

Number of Employees: 25

Website: https://heatbit.com/

Public or Private? Private

In early 2020, Alex Busarov was stuck in his Shanghai apartment during COVID. To quell his boredom, he ordered an Antminer S9, a Bitcoin mining machine, to toy around with.

After plugging it in, he quickly learned two things: Bitcoin miners are noisy and they run hot.

While Busarov saw the prior byproduct as an annoyance, he viewed the latter as an opportunity.

Fast-forward to the present day and Busarov and his team are preparing holiday shipments of bitcoin miners that run quietly and double as space heaters (as…

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