Block Mining Overview

  • Year Founded
  • 2019

Year Founded

  • Status
  • Acquired/​Merged

  • Employees
  • 8

Employees

  • Latest Deal Type
  • M&A

  • Latest Deal Amount
  • $114M

Block Mining General Information

Description

Provider of mining infrastructure and colocation services intended to support the network by bringing the hash rate to North America. The company's platform mines its bitcoin and operates as a mining rig reseller and offers colocation services, enabling clients to avail the required results in cryptocurrency.

Contact Information

Website
www.blockmining.com
Formerly Known As
Blockware Mining
Ownership Status
Acquired/Merged
Financing Status
Formerly VC-backed
Corporate Office
  • 141 West Jackson Boulevard
  • Suite 1404
  • Chicago, IL 60604
  • United States
Primary Industry
Systems and Information Management
Other Industries
IT Consulting and Outsourcing
Other Commercial Services
Other Financial Services
Acquirer
Riot Platforms
Vertical(s)
Cryptocurrency/Blockchain, FinTech
Corporate Office
  • 141 West Jackson Boulevard
  • Suite 1404
  • Chicago, IL 60604
  • United States

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Block Mining Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
5. Merger/Acquisition 23-Jul-2024 $114M Completed Generating Revenue
4. Debt Refinancing Completed Generating Revenue
3. Debt - General Completed Generating Revenue
2. Early Stage VC (Series B) 30-Jun-2021 $34M $41M Completed Generating Revenue
1. Angel (individual) 01-Jan-2020 $7M $7M Completed Generating Revenue
To view Block Mining’s complete valuation and funding history, request access »

Block Mining Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

Similarweb Unique Visitors

Majestic Referring Domains

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Block Mining Former Investors (3)

Investor Name Investor Type Holding Investor Since Participating Rounds
Equity Management Associates PE/Buyout Minority
Speedwagon Capital Partners Real Estate Minority
Ten31 Venture Capital Minority
To view Block Mining’s complete investors history, request access »

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Block Mining FAQs

  • When was Block Mining founded?

    Block Mining was founded in 2019.

  • Where is Block Mining headquartered?

    Block Mining is headquartered in Chicago, IL.

  • What is the size of Block Mining?

    Block Mining has 8 total employees.

  • What industry is Block Mining in?

    Block Mining’s primary industry is Systems and Information Management.

  • Is Block Mining a private or public company?

    Block Mining is a Private company.

  • What is the current valuation of Block Mining?

    The current valuation of Block Mining is .

  • What is Block Mining’s current revenue?

    The current revenue for Block Mining is .

  • How much funding has Block Mining raised over time?

    Block Mining has raised $41M.

  • Who are Block Mining’s investors?

    Equity Management Associates, Speedwagon Capital Partners, and Ten31 have invested in Block Mining.

  • When was Block Mining acquired?

    Block Mining was acquired on 23-Jul-2024.

  • Who acquired Block Mining?

    Block Mining was acquired by Riot Platforms.

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