When was BitMine founded?

BitMine was founded in 2021 and raised its 1st funding round within a year of its incorporation.

Where is BitMine located?

BitMine is headquartered in Las Vegas, United States. It is registered at 2030 POWERS FERRY ROAD SE,ATLANTA,30339,GA.

Is BitMine a funded company?

BitMine is a funded company, having raised a total of $258M across 4 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on May 11, 2021.

How much is BitMine worth?

The latest valuation of BitMine is $***** as of Mar 28, 2026.

When was the latest funding round of BitMine?

BitMine's latest funding was a $***** Series B round on Jun 30, 2025, with participation from 0 investor.

What is the annual revenue of BitMine?

Annual revenue of BitMine is between $1M and $10M as on Aug 31, 2025

Where does BitMine rank among its competitors?

BitMine ranks 1st amongst 14 active competitors, of which 3 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was BitMine, which secured $253M in Jun, 2025.

Who are the top competitors of BitMine?

BitMine's top competitors include Layer1, Rhodium Enterprises and Fog Hashing. Among them, BitMine secured the most recent funding round in June, 2025.

BitMine - 2026 Company Profile, Funding, Competitors & Financials

BitMine is a series B company based in Las Vegas (United States), founded in 2021. It operates as a Bitcoin mining & hosting platform. BitMine has raised $258M in funding, with a current valuation of $*****. The company has 14 active competitors, including 3 funded and 1 that has exited. Its top competitors include companies like Layer1, Rhodium Enterprises and Fog Hashing.

Company Details

Website: bitminetech.io
Registered Address: 2030 POWERS FERRY ROAD SE,ATLANTA,30339,GA

Key Metrics

Founded Year

2021

Location

Las Vegas, United States

Stage

Series B

Total Funding

$258M in 4 rounds

Latest Funding Round

Series B, Jun 30, 2025, $*****

Post Money Valuation

$***** as on Mar 28, 2026

Investors

Coral Investment Partners

Ranked

1^st among 14 active competitors

Annual Revenue

$1M - $10M as on Aug 31, 2025

Investment & Acquisitions

Ethereum Institutional & 6 more

Similar Companies

Layer1 & 13 more

View BitMine's full profile

BitMine is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
Bitmine Immersion Technologies, Inc. CIN: 1829311 , United States, Active		$1M - $10M (As on Aug 31, 2025)	-	-

BitMine has raised a total funding of $258M over 4 rounds. Its first funding round was on May 11, 2021. BitMine has 1 institutional investor.

Here is the list of recent funding rounds of BitMine:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jun 30, 2025	4658031	Series B	2046970	2196120	7013917	8692171
Jan 18, 2022	8341122	Series A	5676442	1046008	5912403	9088801
Jun 16, 2021	9008856	Seed	1198470	5145911	6414659	3017586

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Top competitors of BitMine include Layer1, Rhodium Enterprises and Fog Hashing. Here is the list of Top 10 competitors of BitMine, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	BitMine 2021, Las Vegas (United States), Series B	Bitcoin mining & hosting platform	$258M	Coral Investment Partners	60/100
2nd	Layer1 2018, San Francisco (United States), Series A	Hardware-based mining solutions for cryptocurrency	$32.1M	Shasta Ventures & 1 others	34/100
3rd	Rhodium Enterprises 2010, Texas City (United States), Series C	Online platform offering hardware solutions for crypto mining	$86.9M	GDA Investments, PALcapital	34/100
4th	Fog Hashing 2018, Singapore (Singapore), Unfunded	Liquid cooling solutions for cryptocurrency mining	-	-	29/100
5th	DCX Immersion Mining 2016, Warsaw (Poland), Unfunded	Sustainable immersion cooling systems for mining hardware	-	-	27/100
6th	Soysuperpapa 2016, Fayetteville (United States), Unfunded	Online retailer of hardware for cryptocurrency mining and immersion cooling	-	-	24/100
7th	BiXBiT 2017, Burleson (United States), Unfunded	Online platform offering immersion cooling systems for mining	-	-	22/100
8th	Lonestar Dream 2023, Delaware (United States), Acquired	Cryptocurrency-focused company offering mining solutions	-	-	20/100
9th	Minerbase 2017, Singapore (Singapore), Unfunded	Platform offering data centre and immersion cooling systems	-	-	19/100
10th	Modern Mining 2021, Calgary (Canada), Funding Raised	Provider of immersion cooling Bitcoin mining operations and investment opportunities	-	-	19/100

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BitMine has made 6 investments in companies including Ethereum Institutional and EthSystems. BitMine has also acquired 1 companies including Pier Two.

Here is the list of investments & acquisitions:

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