What Elektron Energy does

Elektron Energy is a private Bitcoin mining company founded by Raphael Zagury and headquartered in Miami, Florida. The company designs and operates high-performance proof-of-work mining infrastructure, converting deployed capital and energy into Bitcoin output. As of April 2026, its portfolio had reached approximately 46 EH/s of acquired potential hashrate and ~620 MW of available power capacity across four geographies, capturing a peak ~4.5% share of the Bitcoin network hashpower, positioning it as one of the world's largest private Bitcoin mining operators.

The company's technology stack emphasizes energy intelligence and flexible load management, enabling operations to absorb surplus, stranded, and curtailed power while reducing demand when grids are constrained. This approach converts underutilized energy into productive Bitcoin output and supports grid stability for energy partners. Operations are deployed through both owned and hosted models, with hashrate managed dynamically in response to Bitcoin price cycles, network difficulty changes, and energy market dynamics.

Elektron Energy's go-to-market is B2B and enterprise-focused, targeting institutional investors, energy companies/utilities, and enterprise mining operators through direct engagement, with separate contact channels for investor, partnership, and general inquiries. Revenue is generated primarily from Bitcoin block rewards and transaction fees, with no public pricing disclosure. The business is backed by a strategic partnership with Tether, providing long-term, Bitcoin-aligned capital intended to avoid excessive leverage and short-term financing pressure. In April 2026, Tether proposed a three-way merger combining Twenty One Capital, Strike, and Elektron Energy into a single public company integrating treasury, mining, financial services, lending, and capital markets.

Name

Elektron Energy

Legal name

Elektron Energy Operations Ltd.

Website

https://elektron-energy.com

Company type

Private

Founded year

2024

Operating status

Operating

Headcount range

11–50 employees

Short description

Elektron Energy is a private Bitcoin mining company operating ~46 EH/s of hashrate and ~620 MW of power capacity across four geographies as of April 2026. It serves institutional investors, energy companies, and enterprise mining operators, and is backed by Tether.

Ownership category

akta.pro rank

Product category

Bitcoin Mining

NAICS

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

SIC

Finance Services (6199)

akta.pro primary industry

Proof-of-Work (PoW) Mining Operations (FSADAOAA)

akta.pro secondary industries

Mining Infrastructure & Energy Procurement (Power, Cooling, Grid Services) (FSADAOAG), Mining Hosting, Colocation & Managed Facilities (FSADAOAE)

Keywords

• Bitcoin mining operations
• Proof-of-work infrastructure
• Hashrate production
• Energy flexible load
• Mining hosting services

Headquarters

HQ city

Miami

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Bitcoin Mining: Converting deployed capital and energy into Bitcoin through continuous proof-of-work mining. Revenue is generated from block rewards and transaction fees, with performance measured through efficiency and disciplined cost management. The business is designed to operate across market cycles with discipline rather than depend on short-term conditions.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels2 records

Core offering

Elektron Energy designs, deploys, and operates high-performance Bitcoin mining infrastructure, converting capital and energy into Bitcoin through continuous proof-of-work mining. The company operates across multiple geographies with approximately 46 EH/s of acquired potential hashrate and ~620 MW of available power capacity, offering owned and hosted deployment models with flexible load capabilities that absorb surplus, stranded, and curtailed power.

Product overview

Elektron Energy operates as a Bitcoin mining company offering a unified infrastructure service focused on converting capital and energy into Bitcoin through proof-of-work mining. The core offering is Bitcoin mining operations with approximately 46 EH/s total acquired potential hashrate and ~620 MW of available power capacity as of April 2026. The company provides integrated services including hashrate production, energy intelligence (acting as flexible load to absorb surplus power), and hosting operations across multiple geographies. The company is supported by a strategic partnership with Tether and positions itself as an institutional-grade mining operator.

Differentiator

Problem solved

Functional benefit

Products and services

• Bitcoin Mining Operations Elektron Energy's primary offering: designing and operating high-performance Bitcoin mining infrastructure that converts capital and energy into Bitcoin through continuous proof-of-work mining, with approximately 46 EH/s total acquired potential hashrate and ~620 MW of available power capacity as of April 2026.
• Hashrate Production Production of Bitcoin network hashrate through specialized mining hardware, with the company's portfolio reaching a peak of approximately 4.5% of the Bitcoin network's hashpower.
• Energy Intelligence Services Flexible load management services that convert excess, underutilized, and stranded power (including curtailed renewable generation) into productive Bitcoin mining output while supporting grid stability.
• Hosting Operations Flexible deployment models including owned and hosted mining operations, with site configurations tailored to specific power sources and grid conditions across multiple geographies.

Quantifiable outcome

• ~4.5% peak share of Bitcoin network hashpower
• +2 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Two partnerships are on record, tiered flagship.

• Twenty One CapitalflagshipStrategic or Co-development PartnerProposed three-way merger combining Twenty One Capital (Bitcoin treasury company), Strike (global Bitcoin financial services), and Elektron Energy (Bitcoin mining) into a single public company. The merger would integrate bitcoin treasury operations, mining activities, financial services, lending, and capital markets under one platform. Transaction terms, timelines, and governance details remain pending.
• StrikeflagshipStrategic or Co-development PartnerProposed merger partner alongside Twenty One Capital and Elektron Energy. Strike is a Bitcoin trading and spending platform operating across over 100 countries. The combined entity would integrate Strike's global consumer financial services platform and regulatory infrastructure with Elektron's Bitcoin mining infrastructure.

Scale indicators6 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Cipher Mining: US-listed Bitcoin miner purpose-built around industrial-scale mining and power infrastructure, with a strong emphasis on low-cost power and hosted operating models that closely mirror Elektron Energy's approach.
• Bitfarms: Vertically integrated Bitcoin miner with multi-geography operations in the Americas, comparable to Elektron Energy on geographic diversification and scale of PoW mining capacity.
• Marathon Digital Holdings: One of the largest publicly listed Bitcoin miners in North America, operating multi-gigawatt-scale fleets and pursuing energy infrastructure and grid-aligned mining strategies directly comparable to Elektron Energy's PoW mining and flexible-load thesis.
• Riot Platforms: Major US-listed Bitcoin miner operating large-scale facilities in Texas with a focus on power infrastructure and operational scale, directly comparable to Elektron Energy on hashrate scale, energy strategy, and capital-intensive mining model.
• CleanSpark: US-listed Bitcoin miner focused on scaling hashrate through efficient operations and energy management, comparable to Elektron Energy on its enterprise-scale mining and energy-sourcing approach.
• Hut 8: Large-scale publicly listed Bitcoin miner with diversified energy infrastructure and data-center operations across North America, comparable to Elektron Energy on multi-geography mining, hosting, and energy-flexibility themes.
• Core Scientific: Large-scale publicly listed Bitcoin miner and hosting provider that emerged from restructuring, directly comparable to Elektron Energy on hosted-mining services and large-fleet mining operations.
• Iris Energy: Renewable-energy-powered Bitcoin miner operating data-center campuses, closely aligned with Elektron Energy's focus on stranded/curtailed renewable power and flexible-load operations.
• Hive Digital: Publicly listed Bitcoin miner with operations across the Americas and a focus on green-energy-powered mining, comparable to Elektron Energy's emphasis on renewable and underutilized power sources.

Broad incumbents

• Galaxy Digital: Diversified crypto financial services and digital-asset mining firm; its mining arm competes directly with Elektron Energy, while its broader trading and asset-management businesses make it a wider-scope incumbent rather than a pure miner peer.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/ElektronEnergy
• LinkedInlinkedin.com/company/elektronenergy

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 Elektron Energy