Heatbit Unveils Bitwater Water Heater Element That Mines Bitcoin While Heating Water

Heatbit introduced Bitwater, a water heater element equipped with 20 Bitmain BM1370 Bitcoin mining chips, capable of producing up to 34 TH/s while drawing up to 600 watts. Priced at $899 for the initial 'Genesis batch' (later batches up to $1,299), the element screws into standard 30- to 80-gallon electric tanks in the U.S. and Canada, requiring no plumbing changes. Heatbit claims this decentralizes mining by utilizing electricity already spent on hot water, and preorders are set to ship in the first quarter of 2027.