Blockware Mining
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.
- Company typePrivate
- Founded2020
- HeadquartersChicago, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
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.
Blockware Mining firmographics
Firmographics- 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
Blockware Mining industry classification
Industry- 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
Where Blockware Mining is headquartered
LocationHeadquarters
- HQ city
- Chicago
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Blockware Mining business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Infrastructure, Supply Chain, Operations, Personnel, Technology or R&D
Revenue model
- Bitcoin Mining: Operating Bitcoin mining facilities to generate cryptocurrency revenue through proof-of-work mining operations
- 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
Blockware Mining product offering
Product offeringCore 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.
Companies that use Blockware Mining
Customer profileSegments2 records
Ideal customer profiles2 records
Blockware Mining technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Blockware Mining partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Soluna HoldingscoreBlockware 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
Blockware Mining competitors and assessment
Company assessmentBroad 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
Blockware Mining social profiles
Digital presenceBlockware Mining financial estimates
Financial estimateRevenue estimate
Valuation estimate
Blockware Mining leadership team
Management profileNumber of profiles
Profiles2 records
Blockware Mining funding detail
Funding detailFunding overview
Funding rounds3 records
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Blockware Mining M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Blockware Mining
What does Blockware Mining do?
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.
Is Blockware Mining a public or private company?
Blockware Mining is a private company. It is classified as venture growth investor backed and is currently operating.
When was Blockware Mining founded?
Blockware Mining was founded in 2020. It employs 11 to 50 people.
Where is Blockware Mining based?
Blockware Mining is headquartered in Chicago, United States, in the North America region.
How does Blockware Mining make money?
Two revenue lines are on record. Bitcoin Mining is the primary driver. The others are mining Rig Sales.
Who are Blockware Mining's main competitors?
Broad incumbents on record are Hut 8, Riot Platforms, CleanSpark and MARA Holdings (Marathon Digital). Direct peers are Bitfarms, Iris Energy, Stronghold Digital Mining and Cipher Mining. Soluna Holdings is listed as an others. TeraWulf is listed as an emerging player.
Does Blockware Mining have an API?
No public API is recorded for Blockware Mining.
What industry is Blockware Mining in?
Blockware Mining's product category is Bitcoin Mining. Its primary akta.pro industry code is FSADAOAE, Mining Hosting, Colocation & Managed Facilities, with a secondary code of FSADAOAG, Mining Infrastructure & Energy Procurement (Power, Cooling, Grid Services). Its NAICS code is 333131 and its SIC code is 3532.