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January 29, 2025

Revolve Labs Launches ASIC Assure, the First Underwritten ASIC Insurance Product, Revolutionizing Bitcoin Mining

Bringing Transparency, Stability, and Trust to Bitcoin and Crypto Mining with the World’s First Regulated Insurance for ASIC Miners

ASIC Assure, a groundbreaking new product from Revolve Labs, has launched to redefine the Bitcoin mining industry. As the world’s first underwritten ASIC insurance product, ASIC Assure offers miners and vendors an unprecedented level of security and predictability in a historically volatile sector. By leveraging the power of regulated financial products, ASIC Assure aims to eliminate the risks and uncertainties of repair costs, enabling miners to stay online, forecast expenses, and build trust in a rapidly evolving marketplace.


The Need for Change in Bitcoin Mining
The Bitcoin mining industry has long been plagued by unreliable warranties, costly repairs, and a lack of transparency. With high repair costs and an absence of trustworthy coverage for second-hand ASIC miners, operators have faced significant challenges in maintaining profitability and operational stability.


Key Issues Facing the Industry:

  • Lack of standardized insurance for new and used ASIC miners.
  • Unpredictable repair costs, creating financial strain for miners.
  • Limited trust in second-hand ASIC vendors due to unreliable warranties.
  • A reputation for scams and unregulated practices undermining industry growth.


ASIC Assure addresses these challenges head-on, offering a reliable and regulated solution that keeps miners online while bringing transparency to the sector.


How ASIC Assure Works
ASIC Assure is an underwritten insurance product designed specifically for Bitcoin mining equipment (ASIC miners). This innovative solution provides:

  • Predictable Repair Costs: A flat insurance premium eliminates the unpredictability of repair expenses.
  • Coverage for Second-Hand Miners: Vendors can sell used ASIC miners with 12 months of insurance, increasing buyer trust and resale value.
  • Minimized Downtime: Fast and reliable repair processes keep miners operational.
  • Regulated Financial Product: Fully underwritten and compliant with financial regulations, ensuring legitimacy and trust.

Bringing the Bitcoin Mining Industry Into the Regulated Financial World
ASIC Assure marks a significant step toward professionalizing the Bitcoin mining industry. By introducing a regulated financial product, ASIC Assure brings:

  • Trust and Transparency: Building credibility with miners, vendors, and investors.
  • Market Growth: Lowering barriers to entry for miners and improving liquidity for vendors.
  • Stability for Miners: Helping operators forecast expenses and reduce financial uncertainty.

“Bitcoin mining has outgrown its roots as a niche, unregulated space,” said Cody Nelson, COO, Revolve Labs. “With ASIC Assure, we’re offering miners and vendors a tool that combines the best of traditional finance—stability, trust, and regulation—with the innovation of the Bitcoin mining industry.”


Who Benefits from ASIC Assure?

Miners

  • Protect their investment with predictable repair costs.
  • Minimize downtime with fast, reliable insurance-backed repairs.

Vendors
  • Increase the resale value of second-hand ASICs by offering 12-month insurance.
  • Gain buyer trust in a competitive marketplace.

Investors
  • Greater transparency and stability attract institutional interest, fostering growth and trust in the sector.


Looking Ahead: Transforming Bitcoin Mining

ASIC Assure is a vision for the future of Bitcoin mining. Bridging the gap between the crypto industry and traditional financial practices sets a new standard for professionalism, trust, and sustainability.


Revolve Labs invites miners, vendors, and stakeholders to join us in transforming Bitcoin mining into a reliable and regulated global industry.


Revolve Labs Investor Contact
ir@revolvelabs.ai
felipe.pinto@revolvelabs.ai
aleks.zdjelar@revolvelabs.ai

Revolve Labs Marketing & Media Contact
joby@revolvelabs.ai


About ASIC Assure

ASIC Assure is the first underwritten insurance product for ASIC miners, designed to bring transparency, predictability, and trust to the Bitcoin mining industry. Created by Revolve Labs, ASIC Assure leverages cutting-edge innovation to help miners and vendors stay operational, secure, and competitive in a fast-paced market. Learn more at asicassure.com.


Forward-Looking Statements and No Offering Disclaimer
This website contains information that may constitute forward-looking statements within the meaning of the federal securities laws. Forward-looking statements may be identified by terms such as “aims,” “anticipates,” “contemplates,” “may,” “expects,” “believes,” “intends,” “plans,” “predicts," or similar expressions or the negative of such words. These statements include, but are not limited to, statements regarding plans, objectives, expectations, strategies, and future performance of Revolve Labs. These forward-looking statements are subject to known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements of Revolve Labs to differ materially from those expressed or implied by such forward-looking statements.


Among the risks and uncertainties that could cause actual results to differ from those expressed in forward-looking statements include, but are not limited to: the anticipated benefits, construction schedule delays or supply chain shortages, and costs associated with the development of sustainable mining and data processing infrastructure; the impact of weather events on our operations and results; changes to regulatory landscape governing crypto assets and AI developments; our ability to successfully deploy and maintain crypto asset mining technology and AI high-performance compute infrastructure; the variance in our Bitcoin mining rewards; changes in demand for crypto assets and accelerated computing and generative AI; the integration of acquired businesses and technologies; and, the realization of anticipated efficiencies and financial benefits from our renewable energy partnerships. Revolve Labs disclaims any intention or obligation to update or revise any such forward-looking statements to reflect events or circumstances that subsequently occur or of which Revolve Labs hereafter becomes aware, except as required by law. Although the assumptions underlying these statements are reasonable, they may prove to be incorrect. Given these risks, uncertainties, and assumptions, you should not place undue reliance on such forward-looking statements.


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