About Coinmine
Coinmine is a Technology company based in West Hollywood (United States) founded in 2018. Cryptocurrency mining devices are supplied for personal home use. It operates in the Technology and Financial Services sectors. Coinmine has raised $4.5 million across 2 funding rounds from investors including Coinbase, Social Leverage and Canaan. Its focus areas include High Tech, Blockchain Infrastructure, Mining and Hardware. Its competitors include Helium and Marathon Digital Holdings; 1 of its 2 listed competitors has raised funding.
Company details
Coinmine was established in 2018 in West Hollywood, United States, within the cryptocurrency hardware sector. Personal mining devices are provided, enabling users to conduct operations at home through a simple plug-in setup, WiFi connection, and app-based selection of currencies. Supported options include Ethereum, Monero, Zcash, and Ethereum Classic, with focus on accessible mining processes.
- Headquarters West Hollywood, United States
- SectorsTechnologyFinancial Services
- Email••••••••
- Phone•••• ••••
- Website coinmine.com
- Social LinkedIn X
- Total Equity Funding$4.5M (USD)
in 2 rounds
- Latest Funding Round$2.5M (USD), Seed
Aug 2019
- InvestorsCoinbase
& 16 more
Funding Insights of Coinmine
Coinmine has successfully raised a total of $4.5M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $2.5 million completed in August 2019. 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 $4.5M
- Total Rounds 2
- Last Round Seed — $2.5M
- First Round $2M
(Nov 2018)
- Investors Count 17
All 2 funding rounds of Coinmine 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 |
|---|---|---|---|---|---|
| Aug 2019 | $2.5M | Seed | – | M13 Company | |
| Nov 2018 | $2M | Seed | – | Social Leverage, Arrington XRP Capital |
17 investors in total: 14 institutional and 3 angel.
Investors in Coinmine
Coinmine has secured backing from 17 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Coinbase, Social Leverage and Canaan.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Multiple sectors are invested in by M13 venture capital fund. | m13.co | Los Angeles, United States | ||
Blockchain startups are invested in by gCC venture capital fund. | gumi-cryptos.com | San Francisco, United States | ||
Canaan is recognized as an early-stage venture capital firm. | 1987 | canaan.com | San Francisco, United States | |
Tech startups are funded by Oyster Ventures venture capital firm. | oyster.vc | San Francisco, United States | ||
Growth-stage investments are focused on by Republic Capital venture firm. | republiccapital.co | Manhattan, United States | ||
Venture capital firm and fund of funds focused on fintech, Adtech, and multiple sectors | 2009 | socialleverage.com | Scottsdale, United States | |
Blockchain companies are invested in by Arrington XRP Capital. | arringtonxrpcapital.com | Seattle, United States | ||
| Tom McInerney | ||||
| Penelope Linge | ||||
| Ryan Hoover |
Investor details for Coinmine
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Coinmine
3 people are tracked at Coinmine (3 in leadership).
| Name | Role | Group |
|---|---|---|
Farbood Nivi | CEO & Co-founder | Leadership |
Ashley Brunner | CFO | Leadership |
Steven Fan Wu | Head of Hardware | Leadership |
Complete people profiles for Coinmine
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Timeline of Coinmine
3 dated milestones of Coinmine across 1 years, from founding to its latest funding, stage changes and deals.
- Founded Coinmine is founded.
- Funding First funding round of $2.0M.
- Funding Latest funding round, Seed, of $2.5M.
Competitors of Coinmine
Coinmine has 2 listed competitors in our database, 1 of them funded. They include Helium and Marathon Digital Holdings.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| helium.com | 2006 | San Francisco, United States | $369.82M | 54 | Cryptocurrency mining hardware is provided, connecting low-powered devices to gateways. | |
| mara.com | 1997 | Fort Lauderdale, United States | 60 | Data centers for digital assets and energy solutions are operated. |
Detailed competitors of Coinmine
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Web traffic of Coinmine
Websites that share an audience with Coinmine (coinmine.com).
Websites whose visitors overlap most with Coinmine. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
osbornecoin.com | osbornecoin.com | 100% | #1,796,994 | – | |
holabird.org | holabird.org | 100% | – | ||
| tokens.com | 100% | View details | |||
dc-coin.com | dc-coin.com | 99% | #2,220,259 | – | |
coinsguide.reidgold.com | coinsguide.reidgold.com | 81% | – | ||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 12 similar websites and full traffic analytics for Coinmine
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- 12 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
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Top companies in Blockchain & Decentralized Infrastructure
3 companies that operate in the same segment as Coinmine (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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Related news about Coinmine
Complete news archive for Coinmine
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Frequently Asked Questions about Coinmine
Coinmine was founded in 2018.
Coinmine is headquartered in West Hollywood, United States. It is registered at West Hollywood, California, United States.
Coinmine is a funded company, having raised a total of $4.5M across 2 funding rounds to date. The company's 1st funding round was a Seed of $2M, raised on Nov 2018.
Coinmine was established in 2018 in West Hollywood, United States, within the cryptocurrency hardware sector. Personal mining devices are provided, enabling users to conduct operations at home through a simple plug-in setup, WiFi connection, and app-based selection of currencies. Supported options include Ethereum, Monero, Zcash, and Ethereum Classic, with focus on accessible mining processes.
Coinmine's top competitors include Helium and Marathon Digital Holdings.
Coinmine has 17 investors. Key investors include Coinbase, Social Leverage, Canaan, M13 Company, and gCC.