Magellan Scientific

What Magellan Scientific does

Magellan Scientific, LLC is a privately-held, off-grid digital asset technology company that self-mines Bitcoin and other digital assets at modular data centers co-located with on-site electricity generation in Ohio and Pennsylvania. The company's operations are structured as a vertically integrated closed loop: electricity is generated on-site from responsibly sourced natural gas and from waste-energy capture at pipeline pressure letdown locations, then consumed entirely on location by MicroBT Whatsminer M30S ASIC mining servers under immersion cooling, eliminating transmission loss and minimizing fuel transportation costs.

The core technology stack rests on three proprietary pillars: gas letdown generator (GLG) and pressure letdown systems that convert wasted pipeline energy into zero-emission electricity, ultra-efficient immersion cooling for high-density ASIC deployment, and a pending USPTO patent (#63/270,884) combining the two. The company reports 100+ MW of power generation capacity across multiple states, of which only ~6MW was actively consumed by the initial 1,600-server (141 PH/s) deployment in late 2021 / early 2022. Fuel costs are stated at $0.015/kWh with total operating costs under $0.06/kWh, and operational run time is reported at greater than 99.9%.

Magellan's business model is self-mining — it does not sell mining services, hosting, or computing power to third parties. All Bitcoin produced is retained on the company's balance sheet for value appreciation and operational expansion. Revenue is therefore a direct function of Bitcoin price, network difficulty, and deployed hashrate. The company augments this with non-operating economics: carbon credit generation and qualification for state and federal Investment Tax Credits. Go-to-market is effectively none in the conventional sense; instead, Magellan develops strategic partnerships with midstream pipeline operators (exemplified by the June 2025 Enbridge/Anax Power agreement) and holds long-term exclusivity agreements with GLG and pressure letdown technology manufacturers to secure future site pipeline.

Name

Magellan Scientific

Legal name

Magellan Scientific, LLC

Website

https://magellanscientific.com

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

1–10 employees

Short description

Magellan Scientific is a privately-held digital asset company that self-mines Bitcoin using proprietary off-grid power generation, waste energy capture, and immersion-cooled modular data centers across Ohio and Pennsylvania.

Ownership category

akta.pro rank

Product category

Cryptocurrency Mining

NAICS

Electric Power Generation (22111)

SIC

Cogeneration Services & Small Power Producers (4991), Oil & Gas Field Services, Nec (1389)

akta.pro primary industry

Mining Infrastructure & Energy Procurement (Power, Cooling, Grid Services) (FSADAOAG)

akta.pro secondary industry

Waste Heat Recovery & Heat Integration (HRSG/ORC, Pinch Analysis, Heat Exchangers) (EUABAJAF)

Keywords

• Off-grid Bitcoin mining
• Digital asset production
• Modular data centers
• Waste energy capture
• Zero-emission mining

Headquarters

HQ city

Akron

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Bitcoin/Digital Asset Self-Mining: Magellan generates Bitcoin and digital assets from its own mining operations using proprietary ASIC servers. The company mines digital assets and holds its Bitcoin production and digital asset holdings for value appreciation and operational expansion. Revenue is derived from Bitcoin production and appreciation.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Magellan Scientific, LLC self-mines Bitcoin and other digital assets at co-located modular off-grid data centers in North America, using MicroBT Whatsminer M30S ASIC servers powered by on-site, low-cost electricity generated from responsibly sourced natural gas and waste energy captured at pipeline pressure letdown locations. The vertically integrated, closed-loop operation is enabled by patented zero-emission mining technology, immersion cooling, and 100+ MW of owned power capacity, and is offered exclusively through self-operation rather than to external customers.

Product overview

Magellan Scientific is a digital asset technology company operating off-grid, modular data centers for cryptocurrency (Bitcoin) mining in North America. Their core infrastructure is the co-located modular off-grid data center, which uses proprietary patented zero-emission Bitcoin mining technology (Patent #63/270,884 pending with USPTO) combined with MicroBT Whatsminer M30S ASIC servers and waste energy capture technology. The system operates at fuel source locations to eliminate electrical transmission loss and includes immersion cooling technology for ultra-efficient heat management.

Differentiator

Problem solved

Functional benefit

Products and services

• Co-located Modular Off-Grid Data Centers Modular data centers co-located at fuel sources where Magellan generates electricity on-site, eliminating electrical transmission loss and enabling a vertically integrated closed-loop system for self-mining of Bitcoin and digital assets across North American sites in Ohio, Pennsylvania, and additional states.
• Zero-Emission Bitcoin Mining Technology (Patent #63/270,884) Magellan's patented proprietary technology combining zero-emission electricity generation with ultra-efficient immersion data center technology for Bitcoin mining; the process also generates material amounts of carbon credits and qualifies for various State and Federal Investment Tax Credits (ITCs), and helps pipeline and midstream companies accelerate their net-zero goals.
• Immersion Data Center Technology Ultra-efficient immersion cooling technology used in Magellan's modular off-grid data centers to enable high-density ASIC mining operations as part of the company's patented zero-emission Bitcoin mining system.
• Waste Energy Capture Technology Technology that captures wasted energy from pipeline pressure letdown locations using gas letdown generators (GLG) and pressure letdown systems, converting it into zero-emission electrical generation that powers Magellan's digital asset mining operations and helps pipeline and midstream companies accelerate net-zero goals.

Quantifiable outcome

• Nearly 30% reduction in CO2e Lbs/MWh versus PJM market rates
• +4 more outcomes

Segments1 record

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Three partnerships are on record, tiered flagship and core.

• EnbridgeflagshipStrategic or Co-development Partner · 17 June 2025Enbridge has signed operating agreements with Anax Power to install Anax Turboexpander Systems at facilities in Pennsylvania and Ontario, Canada, adding up to 1.5 MW in Hamilton and 2 MW in Pennsylvania. The generated electricity will power Magellan's co-located modular off-grid data centers. Enbridge is the first major pipeline in North America to adopt this technology. The partnership could scale to hundreds of locations across Enbridge's system, representing significant expansion of carbon-free power generation from wasted pipeline energy.
• MicroBTcoreTechnology or Integration · 1 October 2021Magellan acquired 1,600 MicroBT Whatsminer M30S ASIC mining servers capable of generating 141 PH/s. The servers were received and deployed throughout Q4 2021 and Q1 2022. MicroBT is the manufacturer of the mining hardware used in Magellan's operations.
• Gas Letdown Generator (GLG) ManufacturerscoreTechnology or IntegrationMagellan has executed long-term exclusivity agreements with multiple manufacturers of gas letdown generators (GLG) and pressure letdown technology systems. These partnerships enable zero-emission electrical generation at various pressure letdown locations throughout North America, capturing wasted energy and converting it to digital assets.

Scale indicators9 records

Recent moves5 records

Expansion highlights4 records

Broad incumbents

• Marathon Digital Holdings: Marathon is one of the largest publicly traded Bitcoin miners. A broad incumbent in the same mining category as Magellan but operating at vastly larger scale with different power sourcing.
• Core Scientific: Core Scientific operates Bitcoin mining and digital asset hosting infrastructure. Comparable as a vertically integrated mining operator with own/managed infrastructure, though broader in scope than Magellan.
• Riot Platforms: Riot Platforms is a large publicly traded Bitcoin miner with proprietary power infrastructure in Texas. A broad incumbent comparable to Magellan in mining activity, but with a different scale and geography.
• Hut 8 Mining: Hut 8 is a publicly traded Bitcoin miner with diversified power and hosting operations. A broad incumbent operating in the same mining category as Magellan, though with different infrastructure model.

Direct peers

• Iris Energy: Iris Energy operates Bitcoin mining data centers powered by renewable energy. Similar to Magellan in its sustainability positioning, though Iris uses renewables rather than captured waste natural gas.
• TeraWulf: TeraWulf operates zero-carbon Bitcoin mining facilities using nuclear and hydro power. Its focus on low-emission, vertically integrated mining infrastructure parallels Magellan's zero-emission, on-site generation thesis.
• Stronghold Digital Mining: Stronghold owns and operates power generation assets (waste coal) co-located with crypto mining data centers. Like Magellan, it vertically integrates low-cost power with mining operations.
• CleanSpark: CleanSpark is a publicly traded Bitcoin miner that emphasizes low-cost power and operational efficiency. Comparable to Magellan in its efficiency-driven mining approach, though CleanSpark primarily uses grid power.
• Crusoe Energy: Crusoe Energy builds modular data centers powered by stranded and flared natural gas for Bitcoin mining and AI compute. It is the closest analog to Magellan's waste-energy-capture, off-grid mining model.

Emerging players

• Giga Energy: Giga Energy builds behind-the-meter, natural gas-powered Bitcoin mining and HPC facilities. An emerging player using a similar on-site power generation thesis, though at smaller scale than Magellan.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/magellan-scientific-llc

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

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 Magellan Scientific