What Hashing24 does

Hashing24 is a Glasgow, United Kingdom-based private company founded in 2012 that operates a cloud-based cryptocurrency mining platform allowing retail users to earn cryptocurrency by renting remote hash power rather than purchasing or maintaining physical mining hardware. The platform aggregates capacity from large third-party bitcoin mining data centers and resells access to end users through a web-based dashboard with daily mining reward payouts. Users onboard via a self-serve flow that supports Google OAuth and email authentication, with a 4-digit PIN and Google Authenticator-based two-step verification layered on top.

The company's core product is the Hashing24 Cloud Mining Platform, sold as a subscription with monthly billing on hash power packages of varying capacity. Specific pricing tiers are not publicly disclosed; acquisition incentives include signup bonuses of up to $108 and content marketing positioning aimed at cryptocurrency novices seeking passive crypto exposure. The technology stack is largely a thin web front end over contracted data center infrastructure, with Google OAuth as the only named third-party integration and no proprietary patents, trademarks, or AI/ML assets disclosed.

Hashing24 serves a horizontal segment of individual retail users and cryptocurrency novices who lack the capital or technical knowledge to self-mine. The company is privately held, discloses no funding, no management team beyond founder David Martin, and no revenue figures. Distribution is entirely digital via hashing24.com, with geographic gating that excludes users from certain jurisdictions. There is no evidence of partnerships, enterprise customers, or adjacent product lines beyond the single cloud mining offering.

Name

Hashing24

Website

https://hashing24.com

Company type

Private

Founded year

2012

Operating status

Operating

Short description

Hashing24 is a Glasgow, UK-based cloud mining platform founded in 2012 that rents bitcoin mining hash power from large data centers to retail users and crypto novices via a self-serve subscription website with daily reward payouts.

Ownership category

akta.pro rank

Product category

Cloud Cryptocurrency Mining

NAICS

Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518210)

SIC

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

akta.pro primary industry

Cloud Mining & Hashrate Marketplace Services (FSADAOAC)

akta.pro secondary industries

Mining Hosting, Colocation & Managed Facilities (FSADAOAE), Digital Asset Custody & Wallet Infrastructure for Institutions (MPC/HSM, key mgmt, policy controls) (FSAPAIAE)

Keywords

• Cloud mining
• Bitcoin mining
• Cryptocurrency mining
• Hash power rental
• Mining data centers

Headquarters

HQ city

Glasgow

HQ country

United Kingdom

HQ region

Europe

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Cloud Mining Contracts: Hashing24 generates revenue by selling cloud mining hash power to customers. Users purchase mining capacity and receive daily cryptocurrency rewards based on their purchased hash power. The platform absorbs the costs of hardware acquisition, electricity, and maintenance while users pay for access to mining capabilities.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Hashing24 is a cloud mining platform that rents out hashing power from large Bitcoin mining data centers. Users purchase mining capacity and receive daily cryptocurrency rewards without buying, configuring, or maintaining physical mining hardware.

Product overview

Hashing24 is a single-product cloud mining platform that allows users to participate in cryptocurrency mining by renting hashing power remotely. The offering centers on the core Hashing24 Cloud Mining Platform, with no additional modules, sub-products, or add-on services described in the available source material. Users access the platform through web-based account registration and authentication to manage their cloud mining activities.

Differentiator

Problem solved

Functional benefit

Products and services

• Hashing24 Cloud Mining Platform A cloud-based cryptocurrency mining platform that enables individuals to earn cryptocurrency by renting computing (hash) power for Bitcoin mining operations, without needing to purchase or maintain physical mining hardware. Targeted at retail investors and cryptocurrency novices seeking passive mining income.

Quantifiable outcome

• Daily cryptocurrency rewards through cloud mining without equipment ownership

Segments1 record

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature1 record

Scale indicators1 record

Recent moves4 records

Expansion highlights3 records

Direct peers

• Genesis Mining: One of the largest and oldest retail cloud mining platforms, founded 2013. Directly comparable to Hashing24 in target customer (novice retail), product (subscription hash power contracts), and revenue model. Both have weathered multiple BTC cycles, though Genesis has faced its own liquidity and regulatory challenges.
• Compass Mining: A hashrate marketplace and hosting service that lets retail and institutional customers purchase and host ASIC miners. Highly comparable to Hashing24's core product but with a stronger emphasis on transparent pricing and direct hardware ownership versus pure cloud abstraction.
• NiceHash: A hash power marketplace where users buy and sell mining capacity across multiple algorithms. Comparable to Hashing24 in retail crypto-mining access and self-serve onboarding, though NiceHash operates a more open marketplace model rather than proprietary contracts.
• Bitdeer: A vertically integrated mining operator that offers cloud mining, hosting, and proprietary hashrate to retail and institutional customers. Direct competitor in the cloud mining segment with comparable subscription-style offerings and a larger operational footprint.
• ECOS: A Armenia-based cloud mining and crypto investment platform targeting retail users across multiple jurisdictions. Directly comparable to Hashing24 in target customer, subscription-style hash power contracts, and self-serve onboarding flow.

Broad incumbents

• Bitfarms: A publicly listed Bitcoin mining operator running large-scale self-operated facilities. Comparable as an incumbent in the same underlying mining infrastructure economy, though Bitfarms is primarily wholesale/HODL-focused with limited direct retail cloud mining exposure.
• Hut 8 Mining: A large North American publicly listed Bitcoin miner and digital asset infrastructure provider. Comparable as an incumbent operating data centers and ASIC fleets; competes for upstream hashrate supply and power contracts that ultimately feed retail-facing products like Hashing24's.
• Marathon Digital Holdings: One of the largest publicly listed Bitcoin miners globally. Comparable as a broad incumbent in BTC mining infrastructure, though Marathon primarily mines for its own treasury and does not directly offer retail cloud mining products.
• Riot Platforms: A publicly listed Bitcoin mining and data center operator with significant hashrate capacity in Texas. Comparable as a broad incumbent; while Riot does not run a retail cloud mining marketplace like Hashing24, it competes for the same underlying power, hosting, and ASIC supply inputs.

Emerging players

• Core Scientific: A Bitcoin mining and hosting operator that emerged from Chapter 11 restructuring in 2024. Comparable as a hosting/mining infrastructure provider that could expand into retail-facing cloud mining services, partially overlapping with Hashing24's hosting-side value chain.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights5 records

Customer concentration

• Xx.com/hashing24

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

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 Hashing24