Mining Companies

Hotmine is a hardware manufacturer founded in 2013 that produces Bitcoin mining equipment and related services. The company designs and manufactures ASIC-based miners, including models such as the U6 and WX6, as well as the CM-1, a dual-purpose device that combines cryptocurrency mining functionality with space heating capability by converting mining heat for thermal output. The company offers colocation services for mining hardware, full-stack electronics manufacturing, custom equipment development, and operational consulting for mining installations. Hotmine provides services to individual miners and small-to-medium scale operations, primarily serving markets in Ukraine and the CIS region. The company also offers electronics manufacturing and custom development services for mining-related equipment.

Intercosmic Energy develops a space-based Bitcoin mining platform that performs computational work in low-Earth orbit using solar energy collected by satellite-mounted panels. The system powers application-specific integrated circuit (ASIC) mining hardware directly in orbit, transmitting only data signals to Earth rather than generated electrical power. This architecture is designed to address economic constraints associated with space-based solar power generation by eliminating transmission losses and infrastructure costs tied to power delivery from orbit to ground stations. The technology is patent-pending. The company intends to license the platform to operators of large satellite constellations. The system remains in early development stages prior to operational deployment.

IONIC Digital Inc. is a Bitcoin mining company operating at industrial scale, with a reported hashrate in the range of 6-7 exahashes per second. The company positions itself around the thesis that Bitcoin represents a fundamental transformation of energy into monetary value, and its core business involves converting electrical energy into Bitcoin through proof-of-work mining. IONIC Digital targets institutional and corporate partners interested in Bitcoin finance and mining infrastructure. The company is publicly identifiable under the IONIC Digital brand and operates the domain ionicdigital.com, though its precise headquarters location is not disclosed on the website.

Lokotech Group manufactures Scrypt ASIC mining hardware for hobbyist and industrial applications. The product line comprises the Hashbase, a PCIe X1 slot-compatible card designed to integrate into existing GPU mining systems, and the Single Barrel and Double Barrel standalone Scrypt ASIC units. The hardware incorporates low energy efficiency ratios measured in joules per megahash, operates with open-source firmware, and supports both air and immersion cooling configurations. A daisy chain feature reduces power consumption on idle ASICs through gradual degradation. The design approach emphasizes infrastructure reuse to minimize electronic waste. Hardware assembly occurs in the Western Hemisphere.

Lonestar Dream is a Bitcoin mining infrastructure company founded in 2021 that designs, constructs, and operates cryptocurrency mining facilities. The company provides hosting services utilizing three cooling methodologies: air cooling, hydro cooling, and a proprietary immersion cooling system. These cooling approaches are implemented to optimize energy efficiency across mining operations at scale. The company operates mining sites in Texas and maintains physical infrastructure for computational mining activities. Beyond core mining operations, Lonestar Dream is developing capabilities in energy storage and renewable energy integration to support operational sustainability.

Merkle Standard operates large-scale data center infrastructure for digital asset mining. The primary facility in Ponderay, Washington comprises 225 MW of power capacity across 900 acres and over 350,000 square feet of building space, with expansion plans to 500 MW at multiple US locations. The facility sources approximately 85% of its power from regional hydroelectric generation and participates in an interruptible load program enabling power consumption reduction during periods of grid demand. The company maintains a joint venture with Bitmain for hardware procurement and deploys hydro-cooled container mining solutions developed by Auradine. The infrastructure supports both proprietary mining operations and enterprise-grade compute services.

Parasite Pool is a Bitcoin mining pool operating at parasite.space, where miners contribute hashrate and compete for block rewards using a shared-pool model. The pool tracks per-miner difficulty contributions, loyalty scores based on blocks participated, and leaderboard rankings, giving individual miners transparency into their relative performance. With a reported 1-day average hashrate of 1.15 EH/s and integration with the Sati and Xverse technology stack, the pool is designed to be accessible to a broad range of Bitcoin miners, from hobbyists to more substantial operators. The platform targets Bitcoin miners seeking a community-oriented pool with detailed on-chain statistics and compatibility with popular Bitcoin wallet infrastructure.

Polaris Technologies operates large-scale cryptocurrency mining data centers in the United States. The company maintains mining facilities with contracted energy capacity of 440 MW across multiple operational sites. Its technical infrastructure comprises dry-cooled, air-cooled, and hydro-cooled container-based mining systems, a self-operated electrical substation with 345kV/34.5kV rating, and integrated solar power generation capacity.

2Bminer is a Czech-based company that provides cryptocurrency mining hardware sales, operation, and maintenance services. The company offers ASIC miners and GPU rigs under the Ready-To-Mine brand. Its core service model involves hosted mining, where clients purchase mining machines that are deployed and managed within 2Bminer-operated facilities. The service includes a 95% uptime guarantee and lifetime servicing. Clients access a proprietary monitoring software platform that provides continuous visibility into machine performance metrics. The offering is designed for retail and semi-professional investors seeking to participate in cryptocurrency mining without directly managing hardware infrastructure.

Sangha Renewables develops and operates bitcoin mining data centers co-located with renewable energy generation assets. The company targets Independent Power Producers (IPPs) experiencing curtailment, negative pricing, or expiring offtake agreements. Sangha purchases excess or stranded electricity at negotiated rates and uses it to power mining operations, converting otherwise unused energy into revenue for IPP partners. The company operates proprietary energy management software called Ghost, which automates consumption optimization at each site to balance mining profitability against grid conditions. Sangha handles full project development including regulatory approvals, power purchase agreement structuring, and engineering. Rather than acquiring its own power contracts as a traditional miner, the company functions as a third-party offtake partner for renewable energy producers. Initial operations began at a repurposed industrial facility in Illinois.

SHR Miner is a cloud mining platform that enables users to purchase hashrate contracts without requiring local hardware deployment. The platform generates daily cryptocurrency returns through contract-based arrangements. Users select from tiered contract options, including a free daily check-in contract and fixed-term plans, each structured to return principal plus a stated daily profit percentage. The platform architecture includes a referral system with multi-level affiliate compensation ranging from 1.5% to 4.5%, and a sign-up bonus mechanism. The system operates across multiple language interfaces including English, Korean, Spanish, Arabic, and Japanese. Company incorporation details, founding date, and founder information are not publicly disclosed.

Vnish develops and distributes custom firmware for ASIC cryptocurrency miners. The firmware replaces factory software on Bitmain Antminer hardware and provides per-chip frequency and voltage auto-tuning, low-power operational modes, and centralized fleet management across unlimited devices from a single control interface. The firmware supports multiple Antminer models including S19, S21, T19, L7, and L9 series variants. Core functionality includes per-chip optimization, power efficiency modes, and bulk device management capabilities designed for professional mining operations managing large numbers of ASIC units. The system enables hardware optimization without requiring manual configuration across individual devices.

New West Data is a Bitcoin mining and oil and gas production company based in Canada. The company operates natural gas wells in Alberta and converts stranded natural gas from its own production into electricity for Bitcoin mining operations. The company owns and operates 24 wells and four third-party sites. Its operations generate approximately 15 MW of power capacity and produce approximately 300 barrels of oil per day and 1,000 barrels of oil equivalent per day. The company maintains vertical integration across three layers: upstream gas production from its own wells, power generation infrastructure, and Bitcoin mining hardware. This integrated structure allows the company to operate mining equipment using self-generated power. The company operates across multiple sites in Alberta. The business model combines hydrocarbon extraction with computational mining using the same energy source.