# Heatbit Bitwater product launch > Live situation record from CLSTR: https://clstr.news/situations/heatbit-bitwater-product-launch > Updated: 2026-10-25T04:08:33.000Z. Sources: 11. Developments: 2. Delaware-based company Heatbit has announced Bitwater, a residential heating element designed to mine Bitcoin while heating water. The device replaces the standard resistive coil in existing electric water tanks with mining chips, such as 20 Bitmain BM1370 chips, to perform SHA-256 hashing. The system uses the water being heated as a coolant, which the company claims allows for quiet operation without loud fans. Technical specifications indicate the hardware can deliver up to 34 TH/s of hashing power with a power consumption of approximately 600 watts. The unit is designed for 30- to 80-gallon tanks common in the US and Canada and is compatible with major brands including A.O. Smith, Rheem, Whirlpool, Bradford White, and GE. A companion app is available to allow users to monitor water temperature, hashrate, and mining earnings. Preorders for the device have opened, with an initial ‘Genesis batch’ priced at $899 and subsequent batches reaching up to $1,299. While the device provides heat and Bitcoin simultaneously, estimates suggest a return on investment could take between 2 and 3.6 years depending on Bitcoin prices and mining difficulty. Shipments are expected to begin in the first quarter of 2027. ## Timeline ### 2026-10-25: Heatbit introduces Bitwater Bitcoin mining water heater element Heatbit has unveiled Bitwater, a replacement heating element for electric water heaters that uses Bitcoin mining chips to generate heat and earn cryptocurrency. 6 sources. https://clstr.news/cluster/heatbit-introduces-bitwater-bitcoin-mining-water-heater-element ### 2026-10-22: Heatbit launches Bitwater Bitcoin-mining water heater Heatbit has introduced Bitwater, a replacement heating element for electric water tanks that mines Bitcoin using SHA-256 hashing while utilizing the resulting waste heat to warm water. 5 sources. https://clstr.news/cluster/heatbit-launches-bitwater-bitcoin-mining-water-heater --- Cite as: Heatbit Bitwater product launch. CLSTR, https://clstr.news/situations/heatbit-bitwater-product-launch