BITCOIN LOGISTICS INC
FMCSA Live Status
Fleet & equipment
- Power units
- 17
- Drivers · CDL
- 17 · 17
- Annual miles
- 1M
| Type | Own | Term | Trip | Total |
|---|---|---|---|---|
| Trucks | 0 | 0 | 0 | 0 |
| Tractors | 13 | 4 | 0 | 17 |
| Trailers | 20 | 4 | 0 | 24 |
Registration
- FMCSA Rating
- Satisfactory (09-19-2024)
- Registered
- 07-16-2019 (7 yrs)
- MCS-150 Update
- 02-09-2026
- FRED Score Date
- Nov 08, 2026
- Officer
- LINA BILIUNAITE
Cargo
- High-Risk Cargo
- General Freight, Refrigerated Food, Meat
Note: "General Freight" is a catch-all; the actual cargo mix and its risk may differ.
Estimated from the commodity types reported to FMCSA, not from loss history or the true cargo mix.
Expected crash rate is probably higher than similar fleets (about a 70% chance), but the record is too thin to say by how much.
Similar fleets: interstate fleets of 20–49 trucks with the same kind of operation, years in business and amount of road activity. Compared using its own crash record and roadside inspections.
Worth a closer look
From the FMCSA record. The grade already counts the safety items; insurance filings and links to other motor carriers are not in it.
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Injury crashes1 crash with 1 person hurt in 24 months.Ask: claim status and driver history for these crashes.
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Lapse in liability filings169 days without a liability filing on FMCSA's record (Aug 13, 2025 – Jan 29, 2026) while the authority required one. A filing received later can be back-dated and close a lapse. Not in the grade.Ask: what covered the fleet during the gap.
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Drivers put out of service17 out-of-service violations against drivers: 15 hours of service, 1 no valid CDL, 1 other qualification (Jan 2025 – Nov 2025).Ask: driver supervision and dispatch practices.
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Brakes and lightsBrakes are 39 of 192 violations (20%). Brake or light defects led to 12 out-of-service orders.Ask: the preventive-maintenance schedule and shop records.
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Vehicle out-of-service rate41.5% of vehicle inspections end out of service vs 22.3% nationally (27 of 65). Across all its inspections, out-of-service orders run 1.53× what's expected for where and how it's inspected.
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Falsified logs15 false-log violations in 24 months.Ask: how hours are audited against ELD and fuel records.
- No FMCSA BASIC alerts.
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Dangerous driving: 16
Track record
Inspected more often than interstate fleets of 10–19 trucks in Illinois (about 26 in 24 months would be typical).
| This motor carrier | Peers | |
|---|---|---|
| Crashes | 0.147 | 0.034 |
| Inspections | 5.76 | 1.23 |
| Violations | 5.68 | 0.97 |
| Critical violations | 1.82 | 0.18 |
Yearly rates from the last 24 months. Peers: interstate fleets, 10–19 power units, medium-risk cargo.
What they get cited for
192 violations · 24 months-
Vehicle maintenance No alert113 · 38 OOSBrakes 39 · Lights 25 · Tires 24 · Cargo securement 7 · Wheels & hubs 5 · 13 more
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Hours of service No alert40 · 15 OOSLogbook / ELD paperwork 16 · False log 15 · Over hours limit 5 · No log 4
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Unsafe driving No alert36 · 0 OOSReckless / lane 16 · Phone use 6 · Speeding 5 · Seat belt 2 · Other 7
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Driver fitness No alert3 · 2 OOSNo valid CDL 2 · Other qualification 1
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Drugs & alcohol No alert0
Violations by quarter
Tap a category to show or hide itCrashes
24 months-
Feb22026MarylandProperty damage onlyDaylight, two-way trafficway divided unprotected median.
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Aug72025PennsylvaniaProperty damage onlyDaylight, two-way trafficway divided unprotected median.
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Aug52025TexasInjury · 1 person hurtDaylight, two-way trafficway divided unprotected median. FMCSA: not preventable.
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Feb162025OhioProperty damage onlySnow road, dark - not lighted, snow, two-way trafficway not divided. Citation issued.
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Nov282024OregonProperty damage onlyDark - lighted, two-way trafficway not divided.
1 of the 5 crashes hurt someone but killed no one.
Insurance filed with FMCSA
FMCSA record through May 14, 2026 · no change recorded by FMCSA since- Last on FMCSA's record (May 14, 2026)
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No liability filing on FMCSA's record through May 14, 2026.Last filing: ARTISAN & TRUCKERS CASUALTY COMPANY, ended Mar 23, 2026 (cancellation notice took effect).
- Cargo filing
- not required by FMCSA (household-goods motor carriers only); the cargo policy is not on FMCSA's record
- 3 liability insurers on FMCSA's record, 2 changes: MS TRANSVERSE INSURANCE COMPANY → ARTISAN & TRUCKERS CASUALTY COMPANY (Jan 2026); FALLS LAKE NATIONAL INSURANCE COMPANY → MS TRANSVERSE INSURANCE COMPANY (Feb 2025)
- 6 cancellation notices filed by insurers; 5 took effect (the last Mar 23, 2026, not replaced on FMCSA's record); 1 replaced before it took effect
- 169 days without a liability filing (Aug 13, 2025 – Jan 29, 2026) while the authority required one; a later back-dated filing can close a lapse
- FMCSA notices resolved in time: 6
Operating authority inactive (FMCSA's L&I record of May 14, 2026, status since Mar 30, 2026)
FMCSA filings only, not a policy audit. Not part of the FRED grade. Wrong or out of date?
Every insurance filing on the FMCSA record
8 filings and 10 authority events since 2020 · FMCSA record through May 14, 2026
Newest first. Insurer names as filed. FMCSA does not publish why a filing was cancelled.
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Mar 30, 2026Operating authority revoked (cause not stated)L&I to May 14, 2026
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Jan 29, 2026ARTISAN & TRUCKERS CASUALTY COMPANYLiability · $750,000 · ended Mar 23, 2026 · cancellation notice took effect2 months in forceL&I to May 14, 2026
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Jan 5, 2026FMCSA revocation notice for the operating authority, dropped Jan 30, 2026cause not stated in FMCSA's older recordsL&I to May 14, 2026
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Oct 16, 2025FMCSA revocation notice for the operating authority, dropped Oct 22, 2025cause not stated in FMCSA's older recordsL&I to May 14, 2026
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Feb 1, 2025MS TRANSVERSE INSURANCE COMPANYLiability · $750,000 · ended Aug 13, 2025 · cancellation notice took effecta cancellation notice effective Feb 1, 2026 came after the replacement; 6 months in forceL&I to May 14, 2026
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Jan 21, 2025FMCSA revocation notice for the operating authority, dropped Jan 29, 2025opened after FALLS LAKE NATIONAL INSURANCE COMPANY filed a cancellation notice (effective Feb 15, 2025)L&I to May 14, 2026
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Dec 11, 2024FALLS LAKE NATIONAL INSURANCE COMPANYLiability · $750,000 · ended Feb 1, 2025 · replaced by another insurera cancellation notice effective Feb 15, 2025 came after the replacement; 2 months in forceL&I to May 14, 2026
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Nov 14, 2024FMCSA revocation notice for the operating authority, dropped Nov 19, 2024opened after FALLS LAKE NATIONAL INSURANCE COMPANY filed a cancellation notice (effective Dec 11, 2024)L&I to May 14, 2026
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Aug 15, 2024FALLS LAKE NATIONAL INSURANCE COMPANYLiability · $750,000 · ended Dec 11, 2024 · cancellation notice took effect4 months in forceL&I to May 14, 2026
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Jul 19, 2024FMCSA revocation notice for the operating authority, dropped Jul 24, 2024opened after FALLS LAKE NATIONAL INSURANCE COMPANY filed a cancellation notice (effective Aug 15, 2024)L&I to May 14, 2026
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Feb 10, 2024FALLS LAKE NATIONAL INSURANCE COMPANYLiability · $750,000 · ended Aug 15, 2024 · cancellation notice took effect6 months in forceL&I to May 14, 2026
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Jan 16, 2024FMCSA revocation notice for the operating authority, dropped Jan 18, 2024opened after FALLS LAKE NATIONAL INSURANCE COMPANY filed a cancellation notice (effective Feb 10, 2024)L&I to May 14, 2026
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Feb 1, 2023FALLS LAKE NATIONAL INSURANCE COMPANYLiability · $750,000 · ended Feb 10, 2024 · cancellation notice took effect12 months in forceL&I to May 14, 2026
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Jan 18, 2023FMCSA revocation notice for the operating authority, dropped Jan 31, 2023opened after HOXBRIDGE INSURANCE COMPANY INC filed a cancellation notice (effective Feb 11, 2023)L&I to May 14, 2026
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Sep 1, 2022HOXBRIDGE INSURANCE COMPANY INCLiability · $750,000 · ended Feb 1, 2023 · replaced by another insurera cancellation notice effective Feb 11, 2023 came after the replacement; 5 months in forceL&I to May 14, 2026
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Aug 5, 2022FMCSA revocation notice for the operating authority, dropped Aug 22, 2022cause not stated in FMCSA's older recordsL&I to May 14, 2026
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Jan 25, 2021Operating authority grantedL&I to May 14, 2026
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Dec 19, 2020ARTISAN & TRUCKERS CASUALTY COMPANYLiability · $750,000 · ended Sep 1, 2022 · replaced by another insurer20 months in forceL&I to May 14, 2026
What the terms mean
- Liability filing (BIPD):
- The insurer's certificate (form BMC-91 or 91X) that the motor carrier carries bodily-injury and property-damage liability at or above FMCSA's minimum. A BMC-82 is the same promise made by a surety bond.
- FMCSA minimum:
- $750,000 for general freight in vehicles of 10,001 lb or more; $300,000 under 10,001 lb; $1,000,000 for oil and some hazardous materials; $5,000,000 for bulk hazardous materials (49 CFR 387.9).
- Primary / excess:
- An excess filing sits on top of a primary one; together they make the total filed limit.
- Replaced:
- A new filing took over from this one. Replaced the same day is an ordinary change of insurer or renewal.
- Cancellation notice:
- Form BMC-35 (insurance) or BMC-36 (bond): the insurer tells FMCSA the filing ends in 30 days. The insurer files it whether the insurer or the motor carrier ended the policy; FMCSA does not publish the reason.
- Cancellation processed by FMCSA:
- FMCSA itself ended the filing, for example when the authority was revoked.
- Lapse:
- Time with no liability filing on FMCSA's record while the authority required one. A filing received later can be back-dated, which closes a lapse after the fact.
- Suspended for insurance:
- FMCSA suspended the operating authority because no filing meeting the minimum was on file. FMCSA's records state this reason only since May 14, 2026; before then they show a revocation notice without a cause.
- FMCSA notice resolved in time:
- Before May 14, 2026, FMCSA served a revocation notice when a required filing lapsed and dropped it when the filing was restored. The notice does not say which filing lapsed.
- Suspension notice:
- Since May 14, 2026, FMCSA serves a notice that the authority will be suspended on a date unless the missing filing is restored. The notice does not say which filing.
- Cargo filing:
- Form BMC-34. FMCSA has required it only of household-goods motor carriers and forwarders since 2011, so most motor carriers' cargo policies are not on FMCSA's record.
- Broker bond / trust fund:
- Form BMC-84 (surety bond) or BMC-85 (trust fund): the $75,000 security a broker or freight forwarder must keep on file.
- Self-insurance authority:
- FMCSA lets a few large motor carriers carry their own liability; it appears as a filing by "Self-Insured".
- Risk retention group:
- An insurer owned by its policyholders (often trucking groups). It is not covered by state insurance guaranty funds.
- FMCSA record through:
- The date of the FMCSA file this section was built from. Dockets FMCSA's new system has not yet published are shown from the legacy record, frozen on May 14, 2026.
FMCSA's record of the insurance filed for this motor carrier's operating authority (forms BMC-91/91X liability, BMC-34 cargo, BMC-84/85 broker bond or trust), not the motor carrier's full insurance program. Only for-hire motor carriers with operating authority file with FMCSA; private and intrastate-only motor carriers keep proof of insurance at their place of business, so no filing does not mean no insurance. A filed limit is the amount the insurer certified to FMCSA, which can be below the policy's full limits; cargo and bond filings are shown as on file or not because FMCSA records the federal minimum rather than the policy amount. FMCSA's new registration system (May 14, 2026) publishes a partial set of dockets; a docket not yet in it is shown from the legacy record, frozen on that date, and the live check above is today's reading. Not part of the FRED grade. Wrong or out of date?
Where it happens
- New Mexico 11
- Illinois (HQ) 10
- California 8
- South Dakota 7
- Washington 7
- Kentucky 6
- Missouri 6
- Montana 6
Runs well beyond its home state: 10 of 136 inspections were in Illinois.
How this grade is calculated
The model, its inputs, the window it scored and its confidence. For actuaries and anyone checking the work.
Forward 12-Month Risk Outlook
The FRED Score predicts this motor carrier's crash risk over the next 12 months — how often they're likely to crash and how severe those crashes tend to be — versus a typical fleet of its size (42 power units: 17 filed, 42 seen roadside in 24 months).
We'd expect a typical fleet of 42 power units this active to have about 1.6 crashes a year (sized from the 42 units seen roadside; 17 filed). This motor carrier recorded 9 in its scoring window (Oct 1, 2023 → Sep 30, 2026, about 3.0 a year) — about 1.8× a typical fleet. Factoring in its inspection and violation record inside that window and the credibility of its own experience, the model projects about 2.2 over the next 12 — about 1.3× the typical fleet. When this motor carrier does crash, those crashes tend to be substantially more severe than average — roughly 3.3× the injury/fatal weight of a typical crash.
- Out-of-service inspection Oct 31, 2024 · WY · level 3 · 1 driver OOS · 5 violations
- Out-of-service inspection Oct 2, 2024 · MT · level 2 · 1 vehicle OOS · 2 violations
- 4 further inspections with no out-of-service result
FRED multiplies three factors: the class rate a fleet of this size, class and activity is expected to run, a violation relativity from its roadside record, and its own crash experience over 36 months weighted by how much exposure stands behind it. The grade is the band of the resulting relativity to class, then the screens.
FMCSA records
BASIC measures and every inspection, violation and crash, sortable and filterable.
FMCSA BASIC Scores
AB Property| BASIC | Insp w/ Viol | Measure | Alert |
|---|---|---|---|
| Unsafe Driving | 31 | 13.08 | |
| HOS Compliance | 29 | 1.53 | |
| Driver Fitness | 3 | 0.17 | |
| Controlled Substances | 1 | 0.05 | |
| Vehicle Maintenance | 43 | 7.52 |
SMS record data is sourced from FMCSA's Safety Measurement System (01-AUG-25 – 31-OCT-24) and may cover a different time window than the scoring window used for the FRED grade (Oct 1, 2023 → Oct 31, 2026). Counts here may differ from the grade's in-window counts.