Block Mining - About the company
Block Mining is an acquired company based in Chicago (United States), founded in 2019 by Michael Stoltzner. It operates as a Provider of end to end support services for blockchain hardware. Block Mining has raised $32M in funding. The company has 1012 active competitors, including 42 funded and 123 that have exited. Its top competitors include companies like BITMAIN, Bitfury and Vertiv.
Company Details
- Website
- blockmining.com
- Email ID
- *****@blockmining.com
Key Metrics
Founded Year
2019
Location
Chicago, United States
Stage
Acquired
Total Funding
$32M in 1 round
Latest Funding Round
Investors
Ranked
95th among 1012 active competitors
Employee Count
3 as on Aug 31, 2026
Exit Details
Acquired by Riot Platforms (Jul 24, 2024)
Block Mining's acquisition details
Block Mining got acquired by Riot Platforms on Jul 24, 2024 at an acquisition amount of $*****.
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Block Mining's funding and investors
Block Mining has raised a total funding of $32M over 1 round. Block Mining has 1 institutional investor.
Here is the list of recent funding rounds of Block Mining:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jun 30, 2021 | 9059368 | Series B | 2968015 | 4905856 | 4411521 | 1594415 |
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Block Mining's founders and board of directors
Founder? Claim ProfileThe founders of Block Mining is Michael Stoltzner.
Here are the details of Block Mining's key team members:
- Michael Stoltzner: Co-Founder of Block Mining. Contact Info: 1 email address
View details of Block Mining's Founder profiles and Board Members
Block Mining's employee count trend
Block Mining has 3 employees as of Aug 26. Here is Block Mining's employee count trend over the years:
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Block Mining's Competitors and alternates
Top competitors of Block Mining include BITMAIN, Bitfury and Vertiv. Here is the list of Top 10 competitors of Block Mining, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Developer of hardware solutions for crypto mining | $950M | 77/100 | ||
2nd |  Bitfury 2011, Amsterdam (Netherlands), Series D | AI and blockchain-based platform offering cryptocurrency mining solutions | $181M | 65/100 | |
3rd |  Vertiv 1946, Westerville (United States), Public | Provider of power, thermal, and IT infrastructure solutions and services | - | 64/100 | |
4th |  Marathon Digital Holdings 1997, Fort Lauderdale (United States), Public | Operator of data centers focused on energy transformation and digital assets | - | 64/100 | |
5th | Developer of ASICs for block-chain computing | $43.7M | 63/100 | ||
6th |  Core Scientific 2017, Bellevue (United States), Acquired | AI and blockchain-based infrastructure and software solutions | $49M | 62/100 | |
7th | Blockchain and cryptocurrency mining platform | $172K | 59/100 | ||
8th | Cloud mining solutions for cryptocurrency | - | 58/100 | ||
9th | HIVE Blockchain Technologies 1987, Vancouver (Canada), Public | Crypto-mining solutions | - | 58/100 | |
10th | ePIC Blockchain 2017, Toronto (Canada), Series A | Hardware-based mining infrastructure for cryptocurrencies | $7.6M | 55/100 | |
95th |  Block Mining 2019, Chicago (United States), Acquired | Provider of end to end support services for blockchain hardware | $32M | 34/100 |
Get insights and benchmarks for competitors of 2M+ companies! Sign up today!Looking for more details on Block Mining's competitors? Click here to see the top ones
Block Mining's Investments and acquisitions
Block Mining has made no investments or acquisitions yet.
Reports related to Block Mining
Here is the latest report on Block Mining's sector:
News related to Block Mining
•
Riot Platforms Acquires Block Mining for $92.5M, Expands Hash Rate and Market ReachBitcoin Ethereum News•Jul 28, 2024•Block Mining, Riot Platforms, Bitfarms, Riot Games
•
Block Mining Sues Hosting Provider for Return of Over 1,100 Bitcoin ...Block Tribune•Mar 26, 2024•Block Mining, HostingSource
•
Blockware Mining Opens Flagship Bitcoin Mining Facility in Paducah, KentuckyGlobeNewswire•Aug 01, 2022•Block Mining
•
Blockware Mining names Jackie Price as Chief Operating OfficerGlobeNewswire•Mar 30, 2022•Block Mining, Chamber of Digital Commerce
•
Blockware Mining names Jeremy Witten as Executive VP of EngineeringGlobeNewswire•Oct 19, 2021•Block Mining
•
Blockware Mining taking delivery of 13,800 additional Bitmain MinersGlobeNewswire•Aug 23, 2021•Block Mining
•
Blockware Mining appoints Clover’s Cerkleski to boardThe Recycler•Aug 10, 2021•Block Mining, Blockware Mining, Clover Imaging Group, Ledgerstatcapital and 2 others
•
Crypto startup raises $25M for bitcoin miningThe Business Journals•Jun 30, 2021•Block Mining, Blockware Mining
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