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
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Riot Platforms, Inc.
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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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
Not available
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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.
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.
Investors in Block Mining
Block Mining has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Riot Platforms.
| Investor | Description | Founded Year | Domain | Location |
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Bitcoin mining solutions are offered by the platform.
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Investor details for Block Mining
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Investments & Acquisitions by Block Mining
Investment portfolio details for Block Mining
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Financial Statements - Block Mining
Detailed financials for Block Mining
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Block Mining Comparisons
Peer comparison for Block Mining
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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Hardware solutions for cryptocurrency mining are developed.
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Offers scalable data centers for hyperscalers, cloud providers, and large enterprises globally.
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Data center design services are provided by Princeton Digital Group.
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AI and blockchain infrastructure plus software solutions are offered.
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Data center colocation and interconnection services are provided to enterprises.
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Data centers for digital assets and energy solutions are operated.
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Detailed competitors of Block Mining
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Latest news on Block Mining
Complete news archive for Block Mining
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Frequently Asked Questions about Block Mining
Block Mining was founded in 2019 and raised its 1st funding round 2 years after it was founded.
Block Mining is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
Block Mining is a funded company, having raised a total of $25M across 1 funding round to date.
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.
Block Mining's top competitors include BITMAIN, Princeton Digital Group and Core Scientific.
Block Mining offers Bitcoin Mining, ESS, and Metron.
Block Mining has 1 investor. Key investors include Riot Platforms.