What Sazmining does

Sazmining is a privately-held Bitcoin Mining as a Service (BMaaS) operator incorporated in Delaware, with operating headquarters in Bethesda, Maryland, and a 100% remote distributed team of 11-50 employees. The company enables individual and small-business customers to own mining hardware (Bitmain S21 XP, S21 Pro, S21+, and Antminer S19XP Hydro models) while Sazmining handles shipping, installation, hosting, maintenance, and operations across five carbon-free data centers totaling 17.5 MW of capacity in Paraguay (9 MW), Ethiopia (5 MW), Norway (2.5 MW heat-reuse facility), South Dakota (U.S. domestic), and West Texas (via Soluna partnership). Mined Bitcoin is delivered non-custodially directly to customer wallets via integration with Luxor Pool and the decentralized OCEAN pool using the TIDES payout system.

The platform's core differentiator is an aligned-incentive commercial model: customers pay market price for rigs and at-cost for electricity, with Sazmining earning only a revenue share (15% in Paraguay and Ethiopia, 20% in Norway) on successfully mined Bitcoin. Additional revenue comes from monthly service fees covering operations and maintenance, and from the rig sales themselves at no markup. The company is technology-light in the conventional software sense, providing a customer dashboard for real-time rig and payout monitoring, a freemium Bitcoin Mining Calculator for lead generation, and integrations with mining pools; the primary proprietary assets are operational know-how, site relationships, and community-driven customer acquisition.

Sazmining serves three primary customer segments: retail individual Bitcoin investors seeking self-custody mining exposure, business owners using Section 179 tax deductions to acquire depreciable rigs, and high-net-worth individuals deploying 20+ rigs with dedicated Bitcoin Strategy Advisor support. The company raised $1.8M in seed funding in 2023 and reported 350% year-over-year growth in 2025, reaching 4,000+ deployed rigs across its facilities. Recent strategic moves include the Maestro Mezzanine institutional credit partnership (March 2026) and the Soluna wind-powered Texas deployment (April 2026), signaling intent to expand from retail hosting into institutional hashrate-as-yield and vertically integrated renewable mining.

Name

Sazmining

Legal name

Sazmining, Inc.

Website

https://sazmining.com

Company type

Private

Founded year

2023

Operating status

Operating

Headcount range

11–50 employees

Short description

Sazmining is a Bitcoin Mining as a Service operator that hosts customer-owned mining rigs at carbon-free data centers across Paraguay, Ethiopia, Norway, South Dakota, and Texas, serving retail investors, Section 179 business buyers, and high-net-worth individuals seeking non-custodial Bitcoin acquisition with aligned revenue-share pricing.

Ownership category

akta.pro rank

Product category

Bitcoin Mining Services

NAICS

Lessors of Nonfinancial Intangible Assets (except Copyrighted Works) (533)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

Buy Now, Pay Later (BNPL) Platforms (BPAMAFAG)

Keywords

• Bitcoin mining services
• Managed mining hosting
• Renewable energy mining
• Crypto mining rigs
• Carbon-free hosting

Headquarters

HQ city

Bethesda

HQ country

United States

HQ region

North America

Offices6 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. Revenue Share on Mined Bitcoin: Sazmining earns a percentage of the Bitcoin mined by customer rigs. Revenue share varies by site: 15% for Paraguay and Ethiopia, 20% for Norway. The company only earns when customers successfully mine Bitcoin, aligning incentives completely. No markups on rig purchases or electricity costs.
2. Monthly Service Fee: Fixed monthly service fee covers ongoing operations and maintenance of mining rigs to guaranteed performance standards. Includes repair work during warranty period (first year). Customers can pay via credit card, ACH, Bitcoin, Lightning Network, wire transfer, USDT, USDC, Google Pay, Apple Pay, or Cash App.
3. Rig Sales: Direct sales of mining rigs (Bitmain S21 XP, S21 Pro, S21+, Antminer S19XP Hydro) through online store. Customers purchase hardware and receive full ownership. No markup on rig pricing - customers pay market price.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels11 records

Core offering

Sazmining enables customers to purchase Bitcoin mining rigs (Bitmain S21 XP, S21 Pro, S21+, Antminer S19XP Hydro) at market price and have them hosted at carbon-free data centers in Paraguay, Norway, Ethiopia, South Dakota, and Texas. The company handles shipping, installation, 24/7 monitoring, maintenance, and performance optimization, while mined Bitcoin is sent directly to customer wallets. Revenue is earned through a monthly service fee plus a 15-20% revenue share on mined Bitcoin, with no markups on hardware or electricity.

Product overview

Sazmining operates a Bitcoin Mining as a Service (BMaaS) platform built around five core components: (1) the BMaaS core service enabling customers to purchase and host mining rigs at carbon-free data centers, (2) a selection of mining hardware rigs available for direct purchase, (3) a customer dashboard for real-time monitoring and management, (4) a Bitcoin Mining Calculator tool for profitability estimation, and (5) partnership-enabled services like the Maestro Mezzanine credit market. The platform differentiates through zero markups on hardware and electricity, revenue-share alignment, and direct-to-wallet Bitcoin delivery.

Differentiator

Problem solved

Functional benefit

Products and services

• Bitcoin Mining as a Service (BMaaS) Managed Bitcoin mining service enabling customers to purchase mining rigs and have them hosted at carbon-free data centers in Paraguay, Norway, Ethiopia, South Dakota, or Texas. Sazmining handles shipping, installation, maintenance, and performance optimization, with mined Bitcoin delivered directly to customer wallets via a revenue-share model (15% Paraguay/Ethiopia, 20% Norway).
• Mining Rigs (Bitmain S21 XP, S21 Pro, S21+, Antminer S19XP Hydro) Bitcoin mining hardware available for direct purchase through Sazmining's online store, sold at market price with no markup. Customers take full ownership of the rigs, which are then deployed in Sazmining's global carbon-free data centers. Models include the Bitmain S21 XP 270TH, Bitmain S21 Pro 234TH, Bitmain S21+ 225TH, and Antminer S19XP Hydro 257TH.
• Bitcoin Mining Calculator Free online tool that helps prospective customers estimate potential mining profitability by selecting rig model, electricity costs, and Bitcoin price. Calculates energy cost per Bitcoin, savings versus exchange prices, and investment recovery time. Used as a pre-purchase evaluation and lead generation tool.

Quantifiable outcome

• Effective Bitcoin acquisition cost of ~$50-73K per BTC through mining vs $110K+ on exchanges
• +8 more outcomes

Named customers5 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature7 records

Partnerships

Five partnerships are on record, tiered core and minor.

• Soluna HoldingscoreStrategic or Co-development Partner · 28 April 2026Partnership to launch 3 MW Bitcoin mining operation at Project Dorothy 1B in West Texas, marking Sazmining's second U.S.-based mining deployment. Powered by Soluna's 150 MW Briscoe Wind Farm enabling vertical integration of power generation and computing infrastructure. Partnership has potential to scale based on customer demand and facility availability.
• MaestrocoreStrategic or Co-development Partner · 17 March 2026Maestro launched Mezzanine, the first Bitcoin-native institutional credit market, with inaugural program partnering with Sazmining. Allows institutional Bitcoin holders to deploy idle BTC and earn estimated 8-9% BTC annual yield backed by mining hashrate. Sazmining operations financed to support expansion. Platform addresses structural financing gap in Bitcoin mining with bear market protection features.
• Luxor PoolcoreTechnology or IntegrationPrimary mining pool partner offering highly optimized pool operations with 0.7% fee (reduced from 1.1%). Provides robust payout infrastructure with reputation for efficiency, reliability, and transparency. Aligns with three Sazmining core values.
• OCEAN PoolcoreTechnology or IntegrationDecentralized-first mining pool providing miners with direct payouts from Bitcoin network using DATUM for block templates. Non-custodial model where rewards go directly from coinbase transaction to customer wallet. Uses TIDES system for transparent, auditable reward distribution. Required for BIP-110 signaling.
• Blockware SolutionsminorChannel Partner/ Reseller/ DistributorBlockware Solutions is a hosting customer expanding with Soluna at Project Dorothy sites. Sazmining is mentioned alongside Blockware as mining operators at Soluna facilities but no direct partnership exists between Sazmining and Blockware.

Scale indicators7 records

Recent moves13 records

Expansion highlights6 records

Direct peers

• Compass Mining: Compass Mining is the most direct competitor to Sazmining, offering retail and small-business customers hosted Bitcoin mining with rig sales, marketplace, and hosting services. Like Sazmining, it focuses on democratizing mining access rather than operating industrial-scale fleets.
• Blockware Solutions: Blockware Solutions is a Bitcoin mining hosting and rig sales provider, explicitly mentioned in Sazmining's own data as co-located at Soluna facilities. It sells ASIC hardware and offers hosting services to retail and institutional customers on comparable terms.
• Soluna Holdings: Soluna is a renewable-energy-powered Bitcoin mining operator and an active Sazmining partner at Project Dorothy 1B in West Texas. Both companies focus on co-locating mining with curtailed/stranded wind and hydro power, making them direct peers in the renewable-Bitcoin-mining niche.

Broad incumbents

• Bitdeer Technologies: Bitdeer is a large-scale publicly listed Bitcoin mining operator and hosting provider (spun out of Bitmain). It serves both institutional and retail hash rate buyers and competes with Sazmining in the hosting segment while operating its own industrial fleet.
• Marathon Digital Holdings: Marathon Digital (MARA) is one of the largest publicly traded Bitcoin miners in North America with a multi-hundred-MW fleet. While its scale far exceeds Sazmining's, both sell hashrate-adjacent services and compete for the same institutional and retail customers seeking exposure to mining economics.
• Iris Energy: Iris Energy is a publicly traded Bitcoin miner that, like Sazmining, emphasizes 100% renewable-powered operations. Both target sustainability-conscious buyers of mining exposure, though Iris Energy operates at industrial scale and is listed on NASDAQ.
• CleanSpark: CleanSpark is a publicly traded Bitcoin miner operating one of the largest U.S.-based fleets. It competes for institutional mining exposure demand and overlaps with Sazmining in offering managed mining services, though at a much larger scale.
• Riot Platforms: Riot Platforms is a major U.S.-listed Bitcoin miner with significant Texas-based operations, including Rockdale Facility. Like Sazmining, it operates in Texas and competes in the broader market for Bitcoin mining infrastructure investment, though Riot is institutional-scale.
• Core Scientific: Core Scientific is a large Bitcoin mining and digital infrastructure hosting provider. After emerging from bankruptcy, it provides hosting services to other miners — overlapping with Sazmining's hosting business but at substantially greater scale and with a different customer mix.
• Hut 8: Hut 8 is a publicly traded Bitcoin miner and digital infrastructure operator in North America. While primarily a direct miner, it also provides infrastructure services and competes for the institutional capital and customer base that Sazmining targets.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/sazmining
• YouTubeyoutube.com/@Sazmining
• Facebookfacebook.com/profile.php?id=61579000289737
• LinkedInlinkedin.com/company/sazmining
• Instagraminstagram.com/sazmining

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Funding overview

Funding rounds3 records

Investors

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 Sazmining