About BitCity
BitCity is a company based in Toronto (Canada) founded in 2017 was acquired by Hyperblock in February 2018.. BitCity operates in a competitive market with competitors including Core Scientific, Pi Network, Bitfarms, BitFuFu and Genesis Digital Assets, among others.
- Headquarter Toronto, Canada
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Acquired by
Hyperblock
(Feb 26, 2018)
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Funding Insights of BitCity
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in BitCity
BitCity has secured backing from 1 investor. Prominent investors backing the company include Hyperblock. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Operates crypto mining facilities for industry clients.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by BitCity
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - BitCity
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Bitcity Comparisons
Competitors of BitCity
BitCity operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Core Scientific, Pi Network, Bitfarms, BitFuFu and Genesis Digital Assets, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
AI and blockchain infrastructure plus software solutions are offered.
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| domain | founded_year | HQ Location |
Provider of blockchain-based platform offering to mine coins
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| domain | founded_year | HQ Location |
Cryptocurrency cloud mining solutions are provided via blockchain infrastructure.
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| domain | founded_year | HQ Location |
Cloud mining platform for cryptocurrencies
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| domain | founded_year | HQ Location |
Profitable bitcoin mining operation services are provided globally.
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| domain | founded_year | HQ Location |
Bitcoin mining hosting and optimization software are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about BitCity
When was BitCity founded?
BitCity was founded in 2017.
Where is BitCity located?
BitCity is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
What does BitCity do?
BitCity was established in 2017 in Toronto, Canada, within the cryptocurrency sector. Digital currency mining is conducted at scale by the platform, which serves as a provider of specialized hosting for crypto operations. Clients are supported through these mining and hosting services, focusing on efficient large-scale digital asset production in a regulated North American environment.
Who are the top competitors of BitCity?
BitCity's top competitors include Pi Network, Core Scientific and Bitfarms.
Who are BitCity's investors?
BitCity has 1 investor. Key investors include Hyperblock.
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