About Block Mining
Block Mining is a company based in Chicago (United States) founded in 2019 by Michael Stoltzner was acquired by Riot Platforms in July 2024.. Block Mining has raised $25 million across 1 funding round from investors including Riot Platforms. Block Mining offers products and services including Bitcoin Mining, ESS, and Metron. Block Mining operates in a competitive market with competitors including BITMAIN, Vantage Data Centers, Princeton Digital Group, Core Scientific and Digital Realty, among others.
- Headquarter Chicago, United States
- Founders Michael Stoltzner
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Sectors
TechnologyFinancial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Riot Platforms, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$25 M (USD)
in 1 rounds
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Latest Funding Round
$25 M (USD), Series B
Jun 30, 2021
- Investors
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Employee Count
Employee Count
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Acquired by
Riot Platforms
(Jul 24, 2024)
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Products & Services of Block Mining
Block Mining offers a comprehensive portfolio of products and services, including Bitcoin Mining, ESS, and Metron. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Service supporting Bitcoin blockchain through large-scale operations
Energy storage solution for Bitcoin infrastructure support
Tool for monitoring or managing Bitcoin-related activities
Funding Insights of Block Mining
Block Mining has successfully raised a total of $25M through 1 strategic funding round. The most recent funding activity was a Series B round of $25 million completed in June 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series B — $25.0M
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First Round
First Round
(30 Jun 2021)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2021 | Amount | Series B - Block Mining | Valuation |
investors |
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| 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 Block Mining
Block Mining has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Riot Platforms. 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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Bitcoin mining solutions are offered by the platform.
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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 Block Mining
| 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 - Block Mining
| 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 |
Block Mining Comparisons
Competitors of Block Mining
Block Mining 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 BITMAIN, Vantage Data Centers, Princeton Digital Group, Core Scientific and Digital Realty, 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 |
Hardware solutions for cryptocurrency mining are developed.
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| domain | founded_year | HQ Location |
Offers scalable data centers for hyperscalers, cloud providers, and large enterprises globally.
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| domain | founded_year | HQ Location |
Data center design services are provided by Princeton Digital Group.
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| domain | founded_year | HQ Location |
AI and blockchain infrastructure plus software solutions are offered.
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| domain | founded_year | HQ Location |
Data center colocation and interconnection services are provided to enterprises.
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| domain | founded_year | HQ Location |
Data centers for digital assets and energy solutions are operated.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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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Latest news on Block Mining
Frequently Asked Questions about Block Mining
When was Block Mining founded?
Block Mining was founded in 2019 and raised its 1st funding round 2 years after it was founded.
Where is Block Mining located?
Block Mining is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
Is Block Mining a funded company?
Block Mining is a funded company, having raised a total of $25M across 1 funding round to date. The company's 1st funding round was a Series B of $25M, raised on Jun 30, 2021.
What does Block Mining do?
Block Mining was established in 2019 in Chicago, United States, as a provider in the blockchain sector. Comprehensive support services for hardware are delivered, covering maintenance, setup, and operational assistance. The company operates primarily in the United States, with a focus on enabling reliable blockchain infrastructure for clients. Leadership includes co-founder Michael Stoltzner.
Who are the top competitors of Block Mining?
Block Mining's top competitors include BITMAIN, Princeton Digital Group and Core Scientific.
What products or services does Block Mining offer?
Block Mining offers Bitcoin Mining, ESS, and Metron.
Who are Block Mining's investors?
Block Mining has 1 investor. Key investors include Riot Platforms.