Your water heater could mine Bitcoin
One of the more interesting bitcoin use cases a few years ago was turning natural gas that oil producers would otherwise burn off into electricity to power Bitcoin miners – creating revenue from energy that would have gone to waste. Heatbit’s new Bitwater taps into that same inventive spirit. The company just launched a mining device that screws into an existing electric water tank and uses the heat from its chips to warm the water while earning BTC. The pitch is simple – you’re already paying to heat water, so why not get some bitcoin out of it? Preorders start at $899, with shipping planned for early 2027, so we’ll have to see how the economics hold up in actual homes. Read more →
ETFs that turns stock dividends into BTC
Franklin Templeton filed final registration materials for two Nasdaq-listed ETFs (FBEQ and FIBT) built around a 95/5 mix of U.S. stocks and bitcoin. When the stocks pay dividends, rather than buying more shares, the funds route the cash dividend into BTC. The prospectus lists an Oct. 27 effective date of trading. Read more →
a16z drops “Crypto” from its name
Andreessen Horowitz is renaming its crypto investment arm from a16z Crypto to a16z Frontier and expanding its newest fund into AI, autonomous machines, biology and other emerging technologies. Chris Dixon says the team will keep backing crypto, arguing that blockchain has become so embedded in mainstream finance and technology that the old label no longer fits. Read more →
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