Blockware Mining

What Blockware Mining does

Blockware Mining is a privately held Bitcoin mining infrastructure and colocation service provider founded in 2020 and headquartered in Chicago, Illinois. The company operates Bitcoin mining facilities and sells mining rigs to other U.S.-based miners, with the stated goal of expanding North American hashrate and decentralizing Bitcoin mining away from concentrated geographies. Its operational footprint centers on two anchor regions selected for cheap and renewable power: a 30 MW facility in Paducah, Kentucky, and over 17 MW of deployed capacity across Soluna Holdings' Project Dorothy sites (Dorothy 1, 1A, 1B) in West Texas, co-located with the Briscoe Wind Farm under a behind-the-meter arrangement.

The company monetizes through two revenue streams: proof-of-work Bitcoin mining from its own fleet, and hardware resales to other U.S. miners. Its core technology is specialized ASIC mining rigs; no proprietary software, AI, or differentiated control systems are disclosed. The go-to-motion is sales-led and direct, with rig sales transacted enterprise-to-enterprise and self-mining operated as an internal production function. Capacity expansion has been incremental and partnership-driven, particularly through Soluna, rather than via large organic buildouts.

Name

Blockware Mining

Legal name

Blockware Mining

Website

https://blockwaremining.io

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

11–50 employees

Short description

Blockware Mining is a Chicago-based, private Bitcoin mining infrastructure provider that self-mins at facilities in Kentucky and West Texas while reselling ASIC rigs to other U.S. miners.

Ownership category

akta.pro rank

Product category

Bitcoin Mining

NAICS

Mining Machinery and Equipment Manufacturing (333131), Coal Mining (2121), Support Activities for Metal Mining (213114)

SIC

Mining Machinery & Equip (No Oil & Gas Field Mach & Equip) (3532), Bituminous Coal & Lignite Surface Mining (1221)

akta.pro primary industry

Mining Hosting, Colocation & Managed Facilities (FSADAOAE)

akta.pro secondary industry

Mining Infrastructure & Energy Procurement (Power, Cooling, Grid Services) (FSADAOAG)

Keywords

• Bitcoin mining operations
• Cryptocurrency mining infrastructure
• Mining rig sales
• Bitcoin hashrate services
• Mining facility colocation

Headquarters

HQ city

Chicago

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Supply Chain, Operations, Personnel, Technology or R&D

Revenue model

1. Bitcoin Mining: Operating Bitcoin mining facilities to generate cryptocurrency revenue through proof-of-work mining operations
2. Mining Rig Sales: Selling mining rigs to other U.S.-based miners as part of business operations

Go-to-market motion1 record

Distribution channels1 record

Core offering

Blockware Mining operates Bitcoin mining facilities in North America, deploying specialized mining rigs to generate Bitcoin through proof-of-work computation. The company sells mining rigs to other U.S.-based miners and has developed a 30 MW facility in Paducah, Kentucky, while expanding capacity at Soluna Holdings' Project Dorothy sites in West Texas. Blockware focuses on locations with cheap energy and renewable power options to maximize operational efficiency.

Product overview

Blockware Mining is a Bitcoin mining company that operates as a single-product business centered on Bitcoin mining operations. The company operates mining facilities in North America, including a 30-megawatt facility in Paducah, Kentucky and deployments at Soluna Holdings' Project Dorothy sites in West Texas. Blockware offers mining hardware sales alongside its mining operations, selling rigs to other U.S.-based miners. The company focuses on locations with cheap energy and renewable power options to maximize operational efficiency.

Differentiator

Problem solved

Functional benefit

Products and services

• Bitcoin Mining Operations Blockware operates Bitcoin mining facilities, purchasing and deploying mining rigs to generate Bitcoin through proof-of-work computation. Operations are based in Paducah, Kentucky and at Soluna Holdings' Project Dorothy sites in West Texas.
• Mining Rig Sales Blockware sells mining rigs directly to other U.S.-based Bitcoin miners, supporting the broader North American Bitcoin mining ecosystem. The 2021 funding round included plans to purchase 14,000 mining rigs to support these sales.

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Soluna HoldingscoreStrategic or Co-development Partner · 5 May 2026Blockware partnered with Soluna Holdings for Bitcoin mining capacity deployment at multiple Project Dorothy sites in West Texas. The partnership has expanded four times, with Blockware deploying 17 MW total capacity across Soluna sites including Project Dorothy 1, 1A, and 1B. The latest expansion added 3.3 MW at Dorothy 1B near Amarillo, Texas.

Scale indicators5 records

Recent moves10 records

Expansion highlights4 records

Broad incumbents

• Hut 8: Bitcoin miner and digital asset infrastructure provider operating in the U.S. and Canada. Comparable as a North American miner with diversified sites and HPC/data center ambitions.
• Riot Platforms: Largest U.S.-based Bitcoin miner with operations in Texas and Kentucky. Directly comparable in geography (Kentucky/Texas) and in the vertical-integration model of mining + infrastructure development.
• CleanSpark: Large U.S.-listed Bitcoin miner with multiple facilities across Georgia, Mississippi, and Tennessee. Comparable as a North American self-mining operator, though significantly larger scale.
• MARA Holdings (Marathon Digital): Major publicly traded Bitcoin miner with diversified U.S. and international sites. Comparable as a large-scale self-mining operator targeting North American hashrate growth.

Direct peers

• Bitfarms: Vertically integrated Bitcoin miner operating multiple facilities in the U.S., Canada, Argentina, and Paraguay. Closely comparable in business model and operational structure to Blockware's multi-site self-mining approach.
• Iris Energy: Renewable-powered Bitcoin miner operating data centers with behind-the-meter energy in the U.S., Canada, and Asia. Comparable to Blockware in its focus on low-cost, sustainable energy and mid-scale operational footprint.
• Stronghold Digital Mining: U.S.-based Bitcoin miner operating facilities in Pennsylvania using behind-the-meter and grid power, including coal-to-energy and waste-to-energy. Comparable in the smaller-cap, energy-infrastructure-driven mining model.
• Cipher Mining: U.S.-focused Bitcoin miner developing industrial-scale facilities in Texas. Comparable in North American site selection and focus on large-scale, low-cost-power infrastructure.

Others

• Soluna Holdings: Blockware's hosting/energy partner for the Project Dorothy sites in West Texas. Closely tied as infrastructure provider and counterparty; comparable in the renewable-powered Bitcoin hosting model.

Emerging players

• TeraWulf: U.S. Bitcoin miner operating zero-carbon facilities in New York and Pennsylvania, including nuclear-powered hosting. Comparable as a smaller, energy-narrative-focused miner competing for the same institutional and ESG-aligned capital.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/blockware-mining

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds3 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Blockware Mining