BitMine - About the company
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. The company has 13 active competitors, including 3 funded and 1 that has exited. Its top competitors include companies like Layer1, Rhodium Enterprises and DCX Immersion Mining.
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
Investors
Ranked
1st among 13 active competitors
Annual Revenue
$6.1M as on Aug 31, 2025
Employee Count
12 as on Mar 31, 2026
Legal entities associated with BitMine
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 | $6.1M (As on Aug 31, 2025) | - | - |
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BitMine's funding and investors
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:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jun 30, 2025 | 6121151 | Series B | 6056733 | 6048349 | 9655836 | 1543569 |
Jan 18, 2022 | 9425147 | Series A | 6600248 | 9614826 | 8891725 | 4865619 |
Jun 16, 2021 | 5725414 | Seed | 3161492 | 9790048 | 5081327 | 3461720 |
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BitMine's founders and board of directors
Founder? Claim ProfileBitMine's employee count trend
BitMine has 12 employees as of Mar 26. Here is BitMine's employee count trend over the years:
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BitMine's Competitors and alternates
Top competitors of BitMine include Layer1, Rhodium Enterprises and DCX Immersion Mining. Here is the list of Top 10 competitors of BitMine, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  BitMine 2021, Las Vegas (United States), Series B | Bitcoin mining & hosting platform | $258M | 60/100 | |
2nd | Layer1 2018, San Francisco (United States), Series A | Hardware-based mining solutions for cryptocurrency | $32.1M | 34/100 | |
3rd |  Rhodium Enterprises 2010, Texas City (United States), Series C | Online platform offering hardware solutions for crypto mining | $86.9M | 34/100 | |
4th | DCX Immersion Mining 2016, Warsaw (Poland), Unfunded | Sustainable immersion cooling systems for mining hardware | - | - | 26/100 |
5th |  Fog Hashing 2018, Singapore (Singapore), Unfunded | Liquid cooling solutions for cryptocurrency mining | - | - | 25/100 |
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 | - | - | 24/100 |
8th | Lonestar Dream 2023, Delaware (United States), Acquired | Cryptocurrency-focused company offering mining solutions | - | - | 20/100 |
9th | 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 | - | - | 18/100 |
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BitMine's Investments and acquisitions
BitMine has made 2 investments in MrBeast and Eightco. BitMine has not made any acquisitions as of now.News related to BitMine
Filter this listMedia has covered BitMine for a total of 179 events in the last 1 year, 88 of them have been about company updates and 4 about people movement.
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BitMine Immersion Technologies Acquires Pier Two Holdings to Bolster Ethereum Staking PlatformGlobal Legal Chronicle•Apr 15, 2026•BitMine, Pier Two
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BitMine Snaps 71.5K ETH, Bit Digital Stakes 29.9K ETH as Ethereum Treasuries GrowThe Crypto Times•Apr 13, 2026•BitMine
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Bitmine Announces ETH Holdings Reach 4.803 Million Tokens, $11.4 Billion Crypto & Cash HoldingsWebDisclosure•Apr 06, 2026•BitMine
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Bitmine Announces ETH Holdings Reach 4.732 Million Tokens, $10.7 Billion in Crypto and CashWebDisclosure•Mar 30, 2026•BitMine
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Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 4.661M TokensEuropa Press•Mar 23, 2026•BitMine
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Eightco Holdings raises $270M in Sept 2025 placementBitcoin Ethereum News•Mar 14, 2026•Eightco, BitMine, World Fund, GSR Ventures and 5 others
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Eightco Jumps 25% on $125 Million Funding Round Led by Bitmine, ARK Invest and PaywardCrypto Economy•Mar 12, 2026•Payward, Eightco, BitMine, ARK Investment Management
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