DMND
DMND operates the world's first Stratum V2 Bitcoin mining pool, enabling institutional and professional miners to construct their own block templates via Job Declaration. The London-based company charges a 2% pool fee and serves miners, brokers, and hosting providers globally.
- Company typePrivate
- Founded2023
- HeadquartersLondon, United Kingdom
- Headcount1–10
- GTM typeB2B
- OfferingSoftware
What DMND does
DMND, a trading name of Guru Protocol Ltd (registered in England and Wales, headquartered in London), operates the world's first Bitcoin mining pool purpose-built for the Stratum V2 protocol. Founded in 2023, the company emerged from work on the Stratum Reference Implementation (SRI) open source project and currently employs between one and ten people. Its core product, the DMND Pool, enables miners to construct and declare their own block templates via Stratum V2 Job Declaration rather than ceding template control and transaction selection to a centralized pool operator. Supporting infrastructure includes SLICE, a proprietary PPLNS+JD payout system that distributes block subsidies by hashrate and transaction fees by hashrate and economic value; miner-side block templates with native Rootstock merge mining for direct rBTC rewards; a SOC 2 Type 2-compliant Trust Center; per-sub-account Stratum V2 endpoints; a public API with sub-account authentication; and Watcher Links for tiered read-only access.
DMND serves three primary customer segments: (1) institutional and professional Bitcoin mining operations seeking lower rejection rates, higher fee capture, and decentralized template control; (2) mining hosting providers and brokers managing multi-client portfolios through sub-accounts and the Broker Dashboard; and (3) energy-integrated miners participating in demand response and curtailment programs who require fair payout treatment during downtime. The company monetizes exclusively through a 2% pool fee deducted from miner payouts; it does not take a revenue share on Rootstock merge mining rewards, which flow directly to miners. Distribution is primarily self-serve through onboarding.dmnd.work, supplemented by direct broker outreach and earned media coverage in outlets such as CoinDesk, Bitcoin Magazine, Forbes, Business Insider, and Yahoo Finance. Notable commercial milestones include membership in the Stratum V2 Working Group alongside AntPool, F2Pool, Foundry, SpiderPool, Block Inc., and MARA Foundation, and the mining of Block 955,318 — the first known Bitcoin block produced using Stratum V2 Job Declaration on mainnet.
DMND firmographics
Firmographics- Name
- DMND
- Legal name
- Guru Protocol Ltd
- Website
- https://dmnd.work
- Company type
- Private
- Founded year
- 2023
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- DMND operates the world's first Stratum V2 Bitcoin mining pool, enabling institutional and professional miners to construct their own block templates via Job Declaration. The London-based company charges a 2% pool fee and serves miners, brokers, and hosting providers globally.
- Ownership category
- akta.pro rank
DMND industry classification
Industry- Product category
- Bitcoin Mining Pool
- NAICS
- Credit Card Issuing (522210)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- Mining Pools & Pool Operators (FSADAOAB)
Keywords
Where DMND is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices1 record
Markets served
DMND business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Infrastructure, Operations, Marketing or Sales
Revenue model
- Mining Pool Fees: DMND charges a 2% fee on mining payouts, deducted from the payout amount before payment to miners. Revenue is generated through block rewards and transaction fees collected when the pool finds blocks.
- Rootstock Merge Mining: Miners can include Rootstock merge mining commitments in their block templates. Rootstock pays roughly 79-80% of transaction fees to miners in rBTC, directly to miners' own addresses. DMND does not take a revenue share from merge mining rewards.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Standard Mining Pool - 2% fee |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels6 records
DMND product offering
Product offeringCore offering
DMND operates the world's first Stratum V2 Bitcoin mining pool, enabling miners to construct and declare their own block templates rather than relying on centralized pool operators. The pool uses a proprietary SLICE (PPLNS+JD) payout mechanism that distributes both block subsidies and transaction fees fairly based on hashrate contribution. Supporting offerings include a public API, sub-accounts for multi-client operations, a broker dashboard, and Rootstock merge mining capabilities.
Product overview
DMND is a single unified product: a Stratum V2 Bitcoin mining pool that delivers a complete institutional-grade mining infrastructure. The core offering is the DMND Pool (the world's first Stratum V2 mining pool), which is powered by SLICE (PPLNS+JD), the proprietary payout mechanism. Supporting modules include a Public API for programmatic access, Sub-accounts for multi-client operations, a Broker Dashboard for partner visibility, Watcher Links for read-only access, and CSV Exports for accounting workflows.
Differentiator
Problem solved
Functional benefit
Products and services
- DMND Pool The world's first Stratum V2 Bitcoin mining pool, purpose-built for performance, privacy, and profitability. Enables miners to construct and declare their own block templates rather than relying on centralized pool operators.
- SLICE (PPLNS+JD) A proprietary payout mechanism combining Pay-Per-Last-N-Shares (PPLNS) with Job Declaration (JD) for Stratum V2. Divides block rewards into subsidy (distributed by hashrate) and fees (distributed by hashrate and financial value), with dynamic slices that normalize rewards across time.
- DMND Public API REST API providing programmatic access to earnings data (daily and historical), hashrate metrics (live and historical), pool fee, rejection rate, miner count, and full profitability breakdowns with per-subaccount authentication and scoping.
- Sub-accounts Isolated sub-account management system under a main account, with custom StratumV2 endpoints, payout settings, and dashboards per sub-account. Designed for hosting providers and multi-client operations.
- Broker Dashboard Real-time dashboard for broker partners providing visibility into miner names, hashrate, estimated earnings, and fee calculations across referred mining operations.
- Watcher Links Read-only per-subaccount links with two permission tiers. Tier 1 exposes hashrate, worker status, and pool performance. Tier 2 adds full earnings, payout history, and BTC balance visibility. Links are revocable and reissuable.
Quantifiable outcome
- Up to 7.4% higher profitability for miners through faster template delivery, lower latency, and improved fee selection
- +3 more outcomes
Companies that use DMND
Customer profileNamed customers3 records
Segments3 records
Ideal customer profiles3 records
DMND technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
Feature7 records
DMND partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core and minor.
- GoMiningcoreGoMining is the first miner to use DMND's Stratum V2 Job Declaration to mine a live Bitcoin block (Block 955,318), building their own block template with GoBTC Pay transactions through the pool.
- Stratum V2 Working GroupcoreDMND joined the Stratum V2 Working Group alongside major pools Antpool, F2pool, Foundry, Spiderpool, Block Inc., and MARA Foundation to develop and promote the open standard protocol for communication between pool operators and miners.
- Finnish Bitcoin AssociationminorDMND sponsors the Finnish Bitcoin Association to support Bitcoin adoption, education, and mining innovation in Finland and the Nordic region. Sponsorship supports educational programs, community events, technical workshops, and participation in BTCHEL 2026 conference.
- RootstockcoreDMND enables miners to include Rootstock merge mining commitments in their own block templates, allowing miners to receive rBTC rewards directly to their own addresses. Rootstock is a Bitcoin sidechain secured by merge mining with 200+ dApps.
Scale indicators4 records
Recent moves6 records
Expansion highlights6 records
DMND competitors and assessment
Company assessmentDirect peers
- Braiins (Slush Pool): Operates Slush Pool, the original Bitcoin mining pool, and is the principal author of the Stratum V2 reference implementation (SRI). Closest technical peer to DMND and a co-member of the Stratum V2 Working Group.
- Foundry USA Pool: A leading US-based Bitcoin mining pool operated by Foundry Digital (a Digital Currency Group company). Direct competitor serving North American institutional miners; co-member with DMND in the Stratum V2 Working Group.
- F2Pool: One of the longest-running Bitcoin mining pools with global hashrate share. Direct competitor on pool fees, payout methods, and miner services, and a Stratum V2 Working Group co-member alongside DMND.
- MARA Pool: Mining pool operated by Marathon Digital Holdings, a publicly listed Bitcoin miner. Direct competitor targeting institutional miners and a co-member of the Stratum V2 Working Group with DMND.
- AntPool: One of the largest Bitcoin mining pools globally, operated by Bitmain. Direct competitor to DMND on pool fees and miner acquisition, and co-member with DMND in the Stratum V2 Working Group, making the competitive overlap explicit.
- ViaBTC: Multi-coin mining pool supporting Bitcoin, Litecoin, and others with competitive fee structures. Direct competitor for miner-side payout model differentiation and a meaningful presence in DMND's competitive set.
- SpiderPool: Established Bitcoin mining pool with operations spanning Asia and global markets. Co-member with DMND in the Stratum V2 Working Group and a direct competitor for institutional miner share.
- Hashlabs (by Block): Block's institutional Bitcoin mining pool offering that has published performance benchmarks of DMND. Direct competitor in the institutional segment and a Stratum V2 Working Group participant.
Broad incumbents
- Binance Pool: Pool offering from the global crypto exchange Binance, covering Bitcoin and many other proof-of-work chains. Broader incumbent with overlapping Bitcoin mining services, larger distribution, but a wider portfolio beyond Bitcoin mining.
Others
- BitAxe / Bitmain Antminer: Bitmain manufactures the dominant ASIC mining hardware (Antminer) used by DMND's miner customers. Not a pool competitor but a key ecosystem participant whose firmware and hardware roadmap directly affects Stratum V2 adoption and DMND's TAM.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks7 records
Key highlights7 records
Customer concentration
DMND social profiles
Digital presenceDMND compliance and trust
Trust signalCompliance2 records
DMND financial estimates
Financial estimateRevenue estimate
Valuation estimate
DMND leadership team
Management profileNumber of profiles
Profiles3 records
DMND funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
DMND 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 DMND
What does DMND do?
DMND operates the world's first Stratum V2 Bitcoin mining pool, enabling miners to construct and declare their own block templates rather than relying on centralized pool operators. The pool uses a proprietary SLICE (PPLNS+JD) payout mechanism that distributes both block subsidies and transaction fees fairly based on hashrate contribution. Supporting offerings include a public API, sub-accounts for multi-client operations, a broker dashboard, and Rootstock merge mining capabilities.
Is DMND a public or private company?
DMND is a private company. It is classified as venture growth investor backed and is currently operating.
When was DMND founded?
DMND was founded in 2023. It employs 1 to 10 people.
Where is DMND based?
DMND is headquartered in London, United Kingdom, in the Europe region.
How does DMND make money?
Two revenue lines are on record. Mining Pool Fees are the primary driver. The others are rootstock Merge Mining.
Who are DMND's main competitors?
Direct peers on record are Braiins (Slush Pool), Foundry USA Pool, F2Pool, MARA Pool, AntPool, ViaBTC, SpiderPool and Hashlabs (by Block). Binance Pool is listed as a broad incumbent. BitAxe / Bitmain Antminer is listed as an others.
Does DMND have an API?
Yes. Public API is live with per-subaccount authentication. Endpoints cover earnings (daily and historical), hashrate (live and historical), pool fee, rejection rate, miner count, and full profitability breakdowns. Per-subaccount scoping is enforced throughout with no cross-account data leakage. Key lifecycle management — generation, rotation, and assignment — is complete. DMND sub-account API endpoints are available upon request.
What industry is DMND in?
DMND's product category is Bitcoin Mining Pool. Its primary akta.pro industry code is FSADAOAB, Mining Pools & Pool Operators. Its NAICS code is 522210 and its SIC code is 6199.