About BitCity
BitCity is a Financial Services company based in Toronto (Canada) founded in 2017, and was acquired by Hyperblock in February 2018. It operates as a cryptocurrency mining services are offered by the BitCity platform. Its focus areas include FinTech, Cryptocurrencies, Mining and Cloud Mining. Its competitors include Core Scientific, Pi Network, Bitfarms, BitFuFu and Genesis Digital Assets and 3 more; 4 of its 8 listed competitors have raised funding.
Company details
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.
- Headquarters Toronto, Canada
- Stage Acquired
- SectorsFinancial Services
- Website bitcitygroup.io
- Acquired by Hyperblock (Feb 2018)
- Investors
- Acquired byHyperblock
(Feb 2018)
Investors in BitCity
BitCity has secured backing from 1 investor. Prominent investors backing the company include Hyperblock.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Operates crypto mining facilities for industry clients. | 2017 | hyperblock.co | Toronto, Canada |
Investor details for BitCity
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- Complete investor list
- Round participation
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Timeline of BitCity
2 dated milestones of BitCity across 1 years, from founding to its latest funding, stage changes and deals.
- Founded BitCity is founded.
- Exit Acquired by Hyperblock.
Competitors of BitCity
BitCity has 8 listed competitors in our database, 4 of them funded. They include Core Scientific, Pi Network, Bitfarms, BitFuFu and Genesis Digital Assets, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| corescientific.com | 2017 | Bellevue, United States | $49M | 286 | AI and blockchain infrastructure plus software solutions are offered. | |
| minepi.com | 2019 | Palo Alto, United States | – | 16 | Provider of blockchain-based platform offering to mine coins | |
| bitfarms.com | 2017 | Toronto, Canada | – | – | Cryptocurrency cloud mining solutions are provided via blockchain infrastructure. | |
| bitfufu.com | 2020 | Shanghai, China | – | – | Cloud mining platform for cryptocurrencies | |
| genesisdigitalassets.com | 2021 | New York, United States | $556M | – | Profitable bitcoin mining operation services are provided globally. | |
| vogogo.com | 2008 | Calgary, Canada | $8.5M | – | Bitcoin mining hosting and optimization software are provided. | |
| riotplatforms.com | 2000 | Castle Rock, United States | – | 3 | Bitcoin mining solutions are offered by the platform. | |
| spacemesh.io | 2017 | Herzliya, Israel | $18M | – | Hardware mining solutions for cryptocurrency using commodity storage are offered. |
Detailed competitors of BitCity
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- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
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Top companies in Cryptocurrencies
10 companies that operate in the same segment as BitCity (Cryptocurrencies), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cross-border cryptocurrency payments for businesses are enabled through APIs. | 2013 | Boston, Massachusetts, United States | USD 1.51 B | USD 2.75 B | 1,533 | |
Online exchange platform for cryptocurrency | 2017 | Ta Xbiex, Malta | USD 2.02 B | – | 14,747 | |
App-based platform for exchange and trading solutions for cryptocurrency | 2011 | London, England, United Kingdom | USD 700 M | – | 1,212 | |
Terraform Labs is engaged in blockchain technology development. | 2018 | Singapore, Singapore | USD 57 M | – | – | |
Ledger is recognized for providing secure cryptocurrency hardware wallets. | 2014 | Paris, Ile de France, France | USD 575.4 M | – | 802 | |
App-based wallet and exchange platform for cross-border money transfers | 2013 | London, England, United Kingdom | USD 73.36 M | – | – | |
Cryptocurrency trading, storage, and exchange services are offered online. | 2012 | San Francisco, California, United States | USD 546.62 M | USD 7.18 B | 7,025 | |
Cryptocurrencies are traded and exchanged through an online platform. | 2014 | Mexico City, Mexico City, Mexico | USD 331.35 M | – | 884 | |
Decentralized exchange platform for cryptocurrency trading is operated. | 2018 | New York, New York, United States | USD 176 M | – | 217 | |
Mobile app for storing and trading cryptocurrencies is utilized. | 2013 | London, England, United Kingdom | USD 13 M | – | – |
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Frequently Asked Questions about BitCity
BitCity was founded in 2017.
BitCity is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
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.
BitCity's top competitors include Pi Network, Core Scientific and Bitfarms.
BitCity has 1 investor. Key investors include Hyperblock.
Yes. BitCity was acquired by Hyperblock in February 2018.