About Genesis Digital Assets
Genesis Digital Assets is a company based in New York (United States) founded in 2021 by Andrey Kim, Rashit Makhat, Marco Krohn, and Abdumalik Mirakhmedov.. Genesis Digital Assets has raised $556 million across 2 funding rounds from investors including FTX, NYDIG and Ribbit Capital. Genesis Digital Assets offers products and services including Mining Software, Data Centers, and Greenhouse Project. Genesis Digital Assets operates in a competitive market with competitors including Core Scientific, Pi Network, Bitfarms, BitFuFu and Vogogo, among others.
- Headquarter New York, United States
- Founders Andrey Kim, Rashit Makhat, Marco Krohn, Abdumalik Mirakhmedov
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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
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$556 M (USD)
in 2 rounds
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Latest Funding Round
$431 M (USD), Series D
Sep 22, 2021
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Investors
FTX
& 5 more
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Employee Count
Employee Count
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Products & Services of Genesis Digital Assets
Genesis Digital Assets offers a comprehensive portfolio of products and services, including Mining Software, Data Centers, and Greenhouse Project. 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.
Manages Bitcoin mining operations for efficiency and profitability.
Builds facilities for industrial-scale Bitcoin mining and network support.
Repurposes mining heat for farming in cold climates.
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Funding Insights of Genesis Digital Assets
Genesis Digital Assets has successfully raised a total of $556M across 2 strategic funding rounds. The most recent funding activity was a Series D round of $431 million completed in September 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 2
- Last Round Series D — $431.0M
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First Round
First Round
(28 Jul 2021)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Sep, 2021 | Amount | Series D - Genesis Digital Assets | Valuation | Paradigm | |
| Jul, 2021 | Amount | Series D - Genesis Digital Assets | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 Genesis Digital Assets
Genesis Digital Assets has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include FTX, NYDIG and Ribbit Capital. 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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Kingsway Capital is engaged in providing investment management services.
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Cryptocurrency investment firm
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Early-stage companies in fintech and multiple sectors are invested in.
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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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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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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 Genesis Digital Assets
| 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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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Genesis Digital Assets
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Genesis Digital Assets Comparisons
Competitors of Genesis Digital Assets
Genesis Digital Assets 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 Core Scientific, Pi Network, Bitfarms, BitFuFu and Vogogo, 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 |
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| domain | founded_year | HQ Location |
AI and blockchain infrastructure plus software solutions are offered.
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Provider of blockchain-based platform offering to mine coins
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| domain | founded_year | HQ Location |
Cryptocurrency cloud mining solutions are provided via blockchain infrastructure.
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Cloud mining platform for cryptocurrencies
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| domain | founded_year | HQ Location |
Bitcoin mining hosting and optimization software are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Genesis Digital Assets
Frequently Asked Questions about Genesis Digital Assets
When was Genesis Digital Assets founded?
Genesis Digital Assets was founded in 2021.
Where is Genesis Digital Assets located?
Genesis Digital Assets is headquartered in New York, United States. It is registered at New York, New York, United States.
Is Genesis Digital Assets a funded company?
Genesis Digital Assets is a funded company, having raised a total of $556M across 2 funding rounds to date. The company's 1st funding round was a Series D of $125M, raised on Jul 28, 2021.
What does Genesis Digital Assets do?
Genesis Digital Assets was established in 2021 and is headquartered in New York, United States. Operations in the digital assets sector center on bitcoin mining, with services encompassing infrastructure management and efficiency optimization. The company is led by co-founders Andrey Kim, Rashit Makhat, Marco Krohn, and Abdumalik Mirakhmedov. Focus remains on sustainable mining practices across international facilities.
Who are the top competitors of Genesis Digital Assets?
Genesis Digital Assets's top competitors include Pi Network, Core Scientific and Bitfarms.
What products or services does Genesis Digital Assets offer?
Genesis Digital Assets offers Mining Software, Data Centers, and Greenhouse Project.
Who are Genesis Digital Assets's investors?
Genesis Digital Assets has 6 investors. Key investors include FTX, NYDIG, Ribbit Capital, Kingsway Capital, and Electric Capital.
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