Lumerin

What Lumerin does

Lumerin is a private, decentralized protocol company headquartered in Chicago (legal entity: Titan Industries (Global) Co. Ltd.) that operates a peer-to-peer marketplace for trading Bitcoin mining hashpower using smart contracts. The company's flagship product is the Hashpower Marketplace, launched in September 2023 on the Arbitrum L2 blockchain, where Bitcoin miners route ASIC hashrate through Lumerin's proprietary proxy-router middleware and sell it as smart-contract-based contracts to buyers seeking mining exposure without owning hardware. To date, the marketplace has processed 10,914 contracts and 2,586 petahash-days of cumulative hashrate traded. The proxy-router architecture, which brokers the two-sided market and routes hashrate between sellers' pools and buyers' destinations, forms the core technology moat.

The company's revenue mechanics are token-native: validators stake a minimum of 1,000,000 LMR tokens to validate contracts and earn 1% of contract value, the platform collects transaction fees on marketplace activity, and the staking platform (with 97.1 million LMR currently staked across 9 active pools distributing 13,500 MOR in rewards) supports the LMR token economy. Supporting products include Hashpower Futures (beta, enabling fixed-price acquisition of future hashpower or cash settlement), a multi-platform desktop wallet (Windows, macOS, Linux), and validator node infrastructure. The go-to-market is product-led and community-led, relying on Discord, Telegram, X, TikTok, Medium blog, and open-source GitHub repositories for user acquisition rather than traditional sales.

Lumerin has strategically extended its data-stream routing protocol beyond Bitcoin mining into decentralized AI compute through its core partnership with Morpheus, where Lumerin's codebase powers the core node software of the Morpheus decentralized AI network connecting users, compute providers, and smart agents. Additional partnerships with Phala Network (verifiable TEE compute), Quai Network (cross-chain compute trading), Arbitrum (L2 infrastructure), Exabits, and HTX round out the ecosystem. Roadmap targets include DePIN resource allocation and tokenized real-world assets (RWA), positioning Lumerin as a horizontal infrastructure layer for tokenized data markets.

Name

Lumerin

Legal name

Titan Industries (Global) Co. Ltd.

Website

https://lumerin.io

Company type

Private

Founded year

2023

Operating status

Operating

Headcount range

11–50 employees

Short description

Lumerin is a Chicago-based decentralized protocol operating a peer-to-peer marketplace on Arbitrum for trading Bitcoin mining hashpower via smart contracts, serving miners, hashpower buyers, and increasingly decentralized AI compute participants through its proxy-router technology and LMR token ecosystem.

Ownership category

akta.pro rank

Product category

Decentralized Hashpower Trading Protocol

NAICS

Securities and Commodity Exchanges (523210), Securities and Commodity Exchanges (52321)

SIC

Commodity Contracts Brokers & Dealers (6221), Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro industry

PRIMARYFSADAOAC

Cloud Mining & Hashrate Marketplace Services

Financial & Insurance/Crypto & Digital Assets/Crypto Mining and Staking Services

SECONDARYFSAPAEAD

DEX Aggregation & On-Chain Execution (routing, RFQ, intent-based trading)

Financial & Insurance/Blockchain & Web3/DeFi & On-Chain Financial Services (lending, derivatives, stablecoins, payments)

Keywords

• Decentralized hashpower marketplace
• Bitcoin mining protocol
• Smart contract hashpower trading
• Decentralized AI compute
• Proxy-router blockchain

Headquarters

HQ city

Chicago

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Marketplace Transaction Fees: Fees collected from hashpower contract transactions on the marketplace. The platform facilitates peer-to-peer trading of Bitcoin mining hashpower contracts.
2. Validator Staking Rewards: Validators earn 1% LMR of the contract price when their node is selected to validate a hashrate contract. Requires staking at least 1,000,000 LMR.
3. Staking Platform: Staking platform allows Lumerin token holders to earn rewards. Currently 97.1 million LMR staked with 13,500 MOR in active rewards across 9 active pools.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels8 records

Core offering

Lumerin operates a decentralized peer-to-peer marketplace on the Arbitrum blockchain for buying and selling Bitcoin mining hashpower via smart contracts. The protocol uses a proxy-router to stream mining data through contracts, enabling miners to monetize idle hashrate and buyers to gain hashpower exposure without owning hardware. It also powers the Morpheus decentralized AI network.

Product overview

Lumerin is a multi-product platform providing infrastructure for decentralized data markets. The core product is the Hashpower Marketplace (live on Arbitrum), a peer-to-peer marketplace enabling Bitcoin mining hashpower trading via smart contracts. This integrates with the Hashpower Futures product for hashprice speculation. Lumerin also powers the Decentralized AI network through its codebase, which connects AI users, compute providers, and smart agents. Supporting infrastructure includes the Lumerin Wallet Desktop application for marketplace participants, Validator Nodes for network security, and a Staking Platform for LMR token holders. The Proxy-Router technology serves as the core middleware connecting ASIC miners to the marketplace.

Differentiator

Problem solved

Functional benefit

Products and services

• Hashpower Marketplace A decentralized marketplace where Bitcoin miners sell hashpower and buyers (traders, funds) purchase it via smart contracts; designed for miners seeking to monetize idle capacity and for entities seeking hashpower exposure without owning physical mining hardware.
• Hashpower Futures Smart-contract-based derivative products offering hashprice-based futures exposure on hashpower, enabling traders and miners to hedge or speculate on hashprice movements.
• Decentralized AI (Morpheus Network) Decentralized AI marketplace and network that connects AI compute providers with users, built on the Lumerin protocol to enable permissionless access to AI inference and compute resources.
• Lumerin Staking Platform A staking platform where LMR token holders can delegate to validators and earn a share of validator rewards (1% of contract value) for supporting the network.
• Validator Nodes Validator node operation services that secure hashpower contracts on the network; validators stake LMR, validate contract data, and earn 1% of contract value as a reward.
• Lumerin Wallet Desktop A downloadable desktop wallet that allows users to manage LMR tokens, interact with the Lumerin marketplace, and access protocol features.

Quantifiable outcome

• 10,914 contracts traded on the marketplace
• +2 more outcomes

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Six partnerships are on record, tiered core and minor.

• ArbitrumcoreTechnology or Integration · 26 September 2023Lumerin's hashpower marketplace and futures products are deployed on the Arbitrum L2 blockchain, providing low-cost, scalable transaction infrastructure for the protocol.
• MorpheuscoreStrategic or Co-development PartnerStrategic partnership where Lumerin leverages its existing codebase to build the core node software for Morpheus, a decentralized AI network that connects users, compute providers and smart agents into a seamless web3 ecosystem. Morpheus is a flagship project built on Lumerin's infrastructure.
• Phala NetworkcoreTechnology or IntegrationPartnership bringing verifiable TEE (Trusted Execution Environment) compute to the Morpheus and Lumerin ecosystem. Phala provides secure, privacy-preserving computation infrastructure.
• Quai NetworkminorStrategic or Co-development PartnerStrategic collaboration to enable on-chain compute power trading between Lumerin and Quai networks.
• ExabitsminorStrategic or Co-development PartnerCollaboration between decentralized AI protocols including Exabits mentioned in ecosystem partnership announcements.
• HTXminorGTM or Marketing PartnerEcosystem partner for community engagement and exchange-related activities within the crypto ecosystem.

Scale indicators6 records

Recent moves2 records

Expansion highlights5 records

Direct peers

• MiningRigRentals: Established marketplace for renting Bitcoin and other crypto mining hashpower. Shares the buyer-seller hashpower exchange model with Lumerin and competes for the same miner/buyer segments.
• NiceHash: Largest centralized hashpower marketplace, allowing miners to sell and buyers to purchase hashing power for various algorithms. Directly comparable to Lumerin's core marketplace offering but operates with custodial, fiat-accessible rails versus Lumerin's on-chain, smart-contract model.
• Hashnest (Bitmain): Hashpower rental marketplace operated by Bitmain, the largest ASIC manufacturer. Provides cloud-mining and hashrate trading products that overlap with Lumerin's marketplace offering.
• ViaBTC: Major Bitcoin mining pool with integrated hashrate trading and exchange services. Competes with Lumerin in routing miner hashrate and offering liquidity for hashpower contracts.
• Luxor Technology: Bitcoin mining pool and hashpower marketplace that offers hashrate trading and routing services. Comparable in offering both pool services and hashrate exchange functionality to miners.

Emerging players

• Akash Network: Decentralized cloud computing marketplace offering CPU/GPU rentals via Cosmos-based settlement. Overlaps with Lumerin's AI compute ambitions and DePIN positioning.
• Morpheus: Decentralized AI network whose core node software is built on Lumerin's codebase. The closest strategic partner and ecosystem complement, sharing the same technical foundation and AI compute thesis.
• Render Network: Decentralized GPU compute marketplace leveraging idle rendering capacity, increasingly pivoting toward AI inference workloads. Competes with Lumerin's decentralized AI compute thesis powered via the Morpheus integration.
• io.net: Decentralized GPU network focused on AI compute, aggregating underutilized GPUs globally. Comparable AI compute marketplace competitor overlapping with Lumerin's Morpheus-powered AI roadmap.

Broad incumbents

• Helium: Leading DePIN protocol rewarding physical infrastructure deployment (wireless, IoT). Adjacent to Lumerin's DePIN use case of programmatic resource allocation for decentralized physical infrastructure networks.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/hellolumerin
• GitHubgithub.com/Lumerin-protocol
• TikToktiktok.com/@hellolumerin_
• LinkedInlinkedin.com/company/lumerin

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds1 record

Investors1 record

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 Lumerin