About Block Mining
Block Mining is a Technology company based in Chicago (United States) founded in 2019 by Michael Stoltzner, and was acquired by Riot Platforms in July 2024. End-to-end support services for blockchain hardware are provided. It operates in the Technology and Financial Services sectors. 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. Its focus areas include Business Services, IT Services, Data Center and Horizontal. Its legal entity is Riot Platforms, Inc. Its competitors include Vantage Data Centers, Core Scientific and Digital Realty; 2 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Chicago, United States
- Founders Michael Stoltzner
- Stage Acquired
- SectorsTechnologyFinancial Services
- Email••••••••
- Website blockmining.com
- Social LinkedIn X Facebook
- Acquired by Riot Platforms (Jul 2024)
- Legal Name Riot Platforms, Inc.
- Total Equity Funding$25M (USD)
in 1 rounds
- Latest Funding Round$25M (USD), Series B
Jun 2021
- Investors
- Acquired byRiot Platforms
(Jul 2024)
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.
- Total Funding $25M
- Total Rounds 1
- Last Round Series B — $25M
- First Round $25M
(Jun 2021)
All 1 funding rounds of Block Mining with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2021 | $25M | Series B | – | – | – |
1 investors in total: 1 institutional.
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 |
|---|---|---|---|---|
Bitcoin mining solutions are offered by the platform. | 2000 | riotplatforms.com | Castle Rock, United States |
Investor details for Block Mining
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People of Block Mining
1 people are tracked at Block Mining (1 in leadership).
| Name | Role | Group |
|---|---|---|
Michael Stoltzner | Co-Founder | Leadership |
Complete people profiles for Block Mining
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Timeline of Block Mining
3 dated milestones of Block Mining across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Block Mining is founded.
- Funding First funding round of $25.0M.
- Exit Acquired by Riot Platforms.
Competitors of Block Mining
Block Mining has 3 listed competitors in our database, 2 of them funded. They include Vantage Data Centers, Core Scientific and Digital Realty.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| vantage-dc.com | 2010 | Santa Clara, United States | $16.3B | 197 | Offers scalable data centers for hyperscalers, cloud providers, and large enterprises globally. | |
| corescientific.com | 2017 | Bellevue, United States | $49M | 286 | AI and blockchain infrastructure plus software solutions are offered. | |
| digitalrealty.com | 2004 | San Francisco, United States | 3,664 | Data center colocation and interconnection services are provided to enterprises. |
Detailed competitors of Block Mining
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Top companies in Blockchain & Decentralized Infrastructure
3 companies that operate in the same segment as Block Mining (Blockchain & Decentralized Infrastructure) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Decentralized exchange platform for cryptocurrency trading is operated. | 2018 | New York, New York, United States | USD 176 M | 217 | ||
Developer of blockchain and web3 software platform | 2014 | Fort Worth, Texas, United States | USD 725 M | 708 | ||
Protocols for blockchain-based solutions are provided by Aptos. | 2021 | Palo Alto, California, United States | USD 350 M | 166 |
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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. The company's 1st funding round was a Series B of $25M, raised on Jun 2021.
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 Core Scientific, Digital Realty and Vantage Data Centers.
Block Mining offers Bitcoin Mining, ESS, and Metron.
Block Mining has 1 investor. Key investors include Riot Platforms.
Block Mining operates through Riot Platforms, Inc..
Yes. Block Mining was acquired by Riot Platforms in July 2024.