What ICERIVER does

ICERIVER is a private cryptocurrency ASIC miner manufacturer and distributor headquartered in Prague, Czechia, founded in 2023 with 51–100 employees. The company designs and sells ASIC mining hardware targeting four proof-of-work algorithms: zkSNARK (Aleo, AE-series), kHeavyHash (Kaspa, KS-series), Blake3 (Alephium, AL-series), and Sha512256d (Radiant, RX-series). Product pricing spans roughly $348 to $5,689+ per unit, with a flagship lineup in 2025 including the ALEO AE3 (2 GH/s), ALEO AE2 (720 MH/s), and Kaspa KS7 (30 TH/s).

The company operates a vertically integrated business model. Hardware sales are complemented by a global hosting network spanning six active data centers in Dubai (since April 2024), Texas (March 2024), Norway (March 2024), Ethiopia (August 2024), Finland (September 2024), and South Carolina (January 2025), with electricity rates ranging from $0.0549 to $0.078 per kWh. Recurring revenue is generated through usage-based hosting electricity fees, a 0.45% proprietary mining pool (pool.iceriver.eu, launched December 2024), and premium support services. An "AI Smart Mining" feature, introduced May 2024, claims up to 120% efficiency improvement through automated pool selection and fan-speed optimization. Distribution runs primarily through the company's own e-commerce storefronts (iceriver.app and iceriver.eu), complemented by white-label hosting partnerships with OneMiners and Circlehash, and a distribution agreement with Nasdaq-listed BGIN BLOCKCHAIN LIMITED for 600 of 3,000 customized mining machines.

Name

ICERIVER

Legal name

ICERIVER

Website

https://iceriver.eu

Company type

Private

Founded year

2023

Operating status

Operating

Headcount range

51–100 employees

Short description

ICERIVER is a private, Prague-based cryptocurrency ASIC miner manufacturer and distributor offering vertically integrated mining hardware, global hosting across six data centers, a proprietary mining pool, and AI-driven mining optimization for individual and professional miners.

Ownership category

akta.pro rank

Product category

ASIC Cryptocurrency Mining Hardware

NAICS

Mining Machinery and Equipment Manufacturing (333131), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518210)

SIC

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

akta.pro primary industry

Mining Hardware (ASIC/GPU) Manufacturing & Distribution (FSADAOAD)

akta.pro secondary industries

Mining Hosting, Colocation & Managed Facilities (FSADAOAE), Cloud Mining & Hashrate Marketplace Services (FSADAOAC)

Keywords

• ASIC mining hardware
• Cryptocurrency miners
• Mining hosting services
• Cryptocurrency mining pools
• Blockchain mining equipment

GTM type

B2C

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. ASIC Miner Hardware Sales: One-time sale of ASIC mining hardware including ALEO, KAS, ALPH, and RXD miners. Customers can purchase miners for self-delivery or hosted deployment. Revenue generated from direct product sales at various price points ranging from $348 to $5,689+ per unit.
2. Mining Hosting Services: Recurring revenue from electricity fees charged per kilowatt-hour at hosting facilities. Hosting is provided free with fees bundled into electricity pricing. Facilities located in Dubai ($0.0575/kWh), Ethiopia ($0.0549/kWh), USA ($0.065/kWh), Norway ($0.078/kWh), and Finland.
3. Mining Pool Fees: IceRiver operates its own mining pool charging a 0.45% fee for pool participation, providing recurring revenue from miners using the proprietary pool.
4. Premium Support Services: Optional premium support offering including dedicated call assistance and enhanced service levels for customers seeking additional support beyond standard warranty coverage.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels7 records

Core offering

ICERIVER designs, distributes, and supports ASIC cryptocurrency mining hardware built for proof-of-work algorithms including zkSNARK (Aleo), kHeavyHash (Kaspa), Blake3 (Alephium), and Sha512256d (Radiant). The company also operates a global mining hosting network across multiple data centers in Czechia, Norway, Finland, USA (Texas and South Carolina), UAE (Dubai), and Ethiopia, and runs a proprietary mining pool and AI-driven Smart Mining optimization platform.

Product overview

ICERIVER is an independent European and global distributor of ICERIVER ASIC miners and provider of cryptocurrency mining hosting solutions. The product portfolio includes multiple ASIC miner models for Aleo (zkSNARK algorithm: AE0, AE1, AE1 Lite, AE2, AE3), Kaspa (kHeavyHash algorithm: KS0 Ultra, KS3, KS3L, KS5L, KS5M, KS7, KS7 Lite), and Alephium (Blake3 algorithm: AL0, AL2 Lite, AL3). Products are available as standalone miner delivery or with professional hosting services across 5+ global facilities in Dubai, Ethiopia, USA, Finland, and Norway. The ecosystem includes a proprietary mining pool (pool.iceriver.eu), AI Smart Mining optimization technology, mobile app (iOS/Android), batch processing tools, and firmware updates. Hosting features include 7-year warranties, 24/7 monitoring, remote control via dashboard/mobile app, and electricity rates starting from $0.047/kWh.

Differentiator

Problem solved

Functional benefit

Products and services

• IceRiver ALEO AE3 - 2 GH/s High-performance ASIC miner for the Aleo blockchain using the zkSNARK algorithm, delivering 2 GH/s hashrate at 3400W power consumption. Targeted at professional and advanced individual miners seeking top-tier Aleo mining performance.
• IceRiver ALEO AE2 - 720 MH/s ASIC miner for the Aleo blockchain using the zkSNARK algorithm, delivering 720 MH/s hashrate at 1300W power consumption. Sold via pre-order on the ICERIVER e-commerce platform.
• IceRiver ALEO AE1 - 250 MH/s ASIC miner for the Aleo blockchain using the zkSNARK algorithm, delivering 250 MH/s hashrate at 500W power consumption, with June 2025 batch production.
• IceRiver ALEO AE1 Lite - 300 MH/s Lite variant ASIC miner for the Aleo blockchain using the zkSNARK algorithm, delivering 300 MH/s hashrate at 500W power consumption.
• IceRiver ALEO AE0 - 50 MH/s Entry-level ASIC miner for the Aleo blockchain using the zkSNARK algorithm, delivering 50-60 MH/s hashrate at 100W power consumption, designed for new miners and small-scale operations.
• IceRiver KS7 - 30 TH/s High-performance ASIC miner for the Kaspa blockchain using the kHeavyHash algorithm, delivering 30 TH/s hashrate at 3500W power consumption. Includes power supply.
• IceRiver KS7 Lite - 4.2 TH/s Compact ASIC miner for the Kaspa blockchain using the kHeavyHash algorithm, delivering 4.2 TH/s hashrate at 500W power consumption, targeted at entry-level Kaspa miners.
• IceRiver KS5M - 15 TH/s Mid-range ASIC miner for the Kaspa blockchain using the kHeavyHash algorithm at 15 TH/s hashrate, available standalone or with bundled hosting.
• IceRiver KS5L - 15 TH/s ASIC miner for the Kaspa blockchain using the kHeavyHash algorithm at 15 TH/s hashrate, available standalone or with bundled hosting.
• IceRiver KS2 Lite - 2 TH/s Compact ASIC miner for the Kaspa blockchain using the kHeavyHash algorithm at 2 TH/s hashrate, suited to hobbyist and small-scale miners.
• IceRiver KS0 Ultra Entry-level Kaspa ASIC miner using the kHeavyHash algorithm, part of the ICERIVER KS product line for retail miners.
• IceRiver AL3 - 15 TH/s High-performance ASIC miner for the Alephium blockchain using the Blake3 algorithm at 15 TH/s hashrate, available standalone or with bundled hosting.
• IceRiver AL2 Lite - 2 TH/s Mid-range ASIC miner for the Alephium blockchain using the Blake3 algorithm at 2 TH/s hashrate, targeted at entry and mid-tier Alephium miners.
• IceRiver AL0 Entry-level ASIC miner for the Alephium blockchain using the Blake3 algorithm, part of the ICERIVER AL product line.
• IceRiver RX0 ASIC miner for the Radiant (RXD) blockchain using the Sha512256d algorithm, expanding ICERIVER's multi-algorithm miner portfolio.
• Global Mining Hosting Services Professional ASIC miner hosting across data centers in Dubai ($0.0575/kWh), Ethiopia ($0.0549/kWh), USA/South Carolina ($0.065/kWh), Finland (green energy), and Norway ($0.078/kWh), featuring 7-year warranty, 24/7 monitoring, AI Smart Mining, remote control via dashboard and mobile app, and 98% uptime guarantee.
• IceRiver Mining Pool Proprietary cryptocurrency mining pool offering optimized performance and rewards with a 0.45% fee, integrated with the ICERIVER hosting platform and AI Smart Mining optimization.
• Premium Support Service Optional premium support offering including dedicated call assistance and enhanced service levels for customers seeking additional support beyond standard warranty coverage for their crypto mining hardware and assets.

Quantifiable outcome

• AI Smart Mining optimization delivers up to 120% efficiency improvement in pool selection and configuration
• +2 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

AI capability2 records

Feature4 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• BGIN BLOCKCHAIN LIMITEDcoreChannel Partner/ Reseller/ Distributor · 26 May 2026BGIN BLOCKCHAIN LIMITED, a Nasdaq-listed cryptocurrency mining hardware company headquartered in Singapore, uses ICERIVER as a retail channel for distributing 600 of its 3,000 customized proof-of-work mining machines. This represents ICERIVER serving as a distribution channel for BGIN's external third-party chip design and manufacturing services.
• Changelly PayminorGTM or Marketing Partner · 1 April 2024Partnership with Changelly Pay for payment processing, offering seamless and secure cryptocurrency payment solutions for ICERIVER customers.
• OneMinersminorChannel Partner/ Reseller/ DistributorOneMiners, a major mining hosting company, manages ICERIVER hosting via their platform. OneMiners is positioned as a competitor in some rankings but maintains partnership for ASIC hosting services.
• CirclehashminorChannel Partner/ Reseller/ DistributorCirclehash provides white-label OEM hosting services for ICERIVER miners and manages ICERIVER hosting via their platform.
• AsicprofitminorGTM or Marketing PartnerAsicprofit provides profitability calculators integrated with ICERIVER's ecosystem for mining optimization decisions.
• MinerBoxesminorGTM or Marketing PartnerMinerBoxes provides noise reduction boxes for ASIC miners, offered as accessory products through ICERIVER's platform.
• Blockchain Life 2024minorGTM or Marketing PartnerAnnual cryptocurrency conference where ICERIVER participates to showcase innovations and connect with industry leaders.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Canaan: Canaan is a publicly listed ASIC miner manufacturer (AvalonMiner series) — directly comparable to ICERIVER as a hardware-first mining equipment company pursuing both retail and hosted deployment.
• Bitmain: Bitmain is the world's largest ASIC miner manufacturer (Antminer series) and a vertically integrated mining operator — directly competing with ICERIVER across ASIC hardware for Bitcoin and alt-coin algorithms, hosting, and mining pools.
• Bitfury: Bitfury designs and manufactures ASIC chips and runs large-scale mining and hosting operations — comparable to ICERIVER's vertically integrated model of proprietary silicon plus managed hosting.
• Ebang International: Ebang produces ASIC mining hardware (Ebit series) and is expanding into crypto exchange services — closely mirroring ICERIVER's combination of miner manufacturing and adjacent service offerings.
• StrongU: StrongU is a niche ASIC miner maker targeting alternative proof-of-work algorithms — directly comparable to ICERIVER's strategy of serving alt-coin mining rather than only Bitcoin.
• MicroBT: MicroBT's Whatsminer line is one of the leading ASIC miner brands globally, competing head-to-head with ICERIVER on hashrate-per-watt and price across multiple proof-of-work algorithms.

Broad incumbents

• MARA Holdings: MARA is a large public Bitcoin mining operator with significant hosting exposure — comparable to ICERIVER's hosting business at much larger scale and broader geographic reach.
• Riot Platforms: Riot is a major publicly traded mining operator with proprietary data centers — overlapping with ICERIVER's hosting operations, though at materially larger infrastructure scale.
• Core Scientific: Core Scientific runs one of the largest third-party crypto mining hosting platforms in North America — directly comparable to ICERIVER's hosted-mining service for institutional and professional miners.
• Hut 8: Hut 8 operates mining fleets and hosts third-party miners across multiple sites in North America — overlapping with ICERIVER's managed hosting model and energy-cost-driven site selection.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/icerivereu
• Instagraminstagram.com/iceriverapp
• TikToktiktok.com/@iceriverapp
• Facebookfacebook.com/profile.php

Revenue estimate

Valuation estimate

Number of profiles

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 ICERIVER