Bitsure
Bitsure is a US-licensed insurance broker offering Property, Business Income Interruption, and Liability coverage exclusively to cryptocurrency mining operators and co-location facilities. It earns commission on premiums placed with third-party carriers via a direct online quote process.
- Company typePrivate
- Founded2020
- HeadquartersChicago, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Bitsure does
Bitsure is a US-licensed insurance broker specializing exclusively in risk transfer for cryptocurrency mining operations. The firm operates through two entities, Bitsure, LLC and Bitsure Agency, LLC, headquartered in Chicago, and is led by founders who are themselves active crypto miners, an experiential base that informs product design. Its offering comprises three coverage lines: Property, Business Income Interruption, and Liability, addressing the distinct exposure profile of mining hardware, power-cost-related downtime, and operational liability.
The firm serves three explicit customer segments: Crypto Miners, Industrial Miners, and Co-Location Facilities, with a globally distributed positioning that extends its reach beyond the US. Distribution is executed through a direct, quote-based online engagement funnel, replacing traditional broker outreach with self-serve inquiry capture. The firm has implemented CCPA compliance certifications to handle customer data in line with US privacy requirements.
Bitsure generates revenue via commissions on premiums placed with third-party insurers, a standard brokerage model that ties top-line directly to policy volume and carrier appointment depth. The firm operates as a specialist distributor rather than a risk carrier, meaning underwriting and claims sit with partner insurers while Bitsure owns customer acquisition, advisory, and placement. No funding events, headcount figures, or revenue disclosures are available, leaving scale ambiguous.
Bitsure firmographics
Firmographics- Name
- Bitsure
- Legal name
- Bitsure, LLC, Bitsure Agency, LLC, and its subsidiaries
- Website
- https://bitsure.io
- Company type
- Private
- Founded year
- 2020
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Bitsure is a US-licensed insurance broker offering Property, Business Income Interruption, and Liability coverage exclusively to cryptocurrency mining operators and co-location facilities. It earns commission on premiums placed with third-party carriers via a direct online quote process.
- Ownership category
- akta.pro rank
Bitsure industry classification
Industry- Product category
- Cryptocurrency Mining Insurance
- NAICS
- Insurance Agencies and Brokerages (524210), Agencies, Brokerages, and Other Insurance Related Activities (5242)
- akta.pro primary industry
- Slashing Insurance, Validator Risk Management & Coverage (FSADAOAO)
Keywords
Where Bitsure is headquartered
LocationHeadquarters
- HQ city
- Chicago
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Bitsure business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D
Revenue model
- Insurance Commission: Compensation for placement of insurance coverages is based on commission calculated as a percentage of the premium collected by the insurer and paid by the insurer. Additional compensation may be received from insurers and insurance intermediaries based on volume of business, profitability of insurance contracts, and other factors pursuant to agreements with insurers or intermediaries.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Customized insurance coverage for cryptocurrency mining operations |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels1 record
Bitsure product offering
Product offeringCore offering
Bitsure is a licensed insurance broker/producer that places three specialized lines of coverage — Property, Business Income Interruption, and Liability — for cryptocurrency mining companies. The Property line protects mining rigs (regardless of the crypto being mined) and shipping containers/pods at co-location facilities; Business Income Interruption covers monthly operating expenses when a mine goes dark; Liability covers legal and litigation exposure faced by miners.
Product overview
Bitsure is a single, unified insurance product offering three distinct coverage types specifically designed for cryptocurrency mining companies: Property Insurance for mining rigs and co-location facilities, Business Income Interruption Insurance to cover operating expenses during facility downtime, and Liability Insurance for legal protection. The company exclusively serves the crypto mining sector, insuring both direct miners operating with co-location providers and industrial miners who own their facilities.
Differentiator
Problem solved
Functional benefit
Products and services
- Property Insurance
Companies that use Bitsure
Customer profileSegments3 records
Ideal customer profiles3 records
Bitsure technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Bitsure partnerships and signals
Strategic signalRecent moves6 records
Expansion highlights8 records
Bitsure competitors and assessment
Company assessmentDirect peers
- Evertas: Evertas is a specialty insurance company focused on cryptocurrency mining and digital asset risks, underwriting equipment, custody, and operational coverage. It is the closest direct competitor to Bitsure with a comparable mining-centric product portfolio and broker-style placement model.
- Coincover: Coincover provides crypto-asset protection and insurance technology, including theft and key-loss coverage for digital assets. While more crypto-asset than mining-specific, it directly competes for institutional crypto-insurance dollars and addresses overlapping risk-transfer needs.
- Relm Insurance: Relm is a specialty insurer underwriting digital asset, Web3, and crypto-business risks through Lloyd's. Its product scope overlaps Bitsure's in crypto-native commercial coverage and represents a comparable specialty underwriting alternative for mining clients.
Others
- Aon: Aon is a global insurance broker with an established digital-asset and crypto practice that places mining and digital-asset coverage for institutional clients. It competes with Bitsure as a distribution intermediary rather than underwriter, often bringing scale advantages to enterprise mining accounts.
- Marsh: Marsh, part of Marsh McLennan, operates a dedicated digital-asset risk practice placing insurance for crypto miners, custodians, and exchanges. It competes with Bitsure on the brokerage layer for large and complex mining insurance placements.
Broad incumbents
- Lloyd's of London: Lloyd's operates crypto-specific syndicates that have begun underwriting digital-asset and mining risks. As the historic hub of specialty insurance, it represents a broad incumbent competitor with significantly greater capital and capacity than any niche broker.
- Chubb: Chubb is one of the largest global P&C insurers and has actively expanded digital-asset and crypto-business underwriting. As a broad incumbent, it offers overlapping capability to large industrial miners but without Bitsure's narrow mining specialization.
Emerging players
- Canopius: Canopius is a specialty insurer that has built a crypto and digital-asset underwriting practice, including coverage for crypto-business operational risks. As a smaller but growing specialty player, it represents an emerging direct competitor targeting similar mining and digital-asset niches.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks5 records
Key highlights6 records
Customer concentration
Bitsure social profiles
Digital presenceBitsure compliance and trust
Trust signalCompliance1 record
Bitsure financial estimates
Financial estimateRevenue estimate
Valuation estimate
Bitsure leadership team
Management profileNumber of profiles
Bitsure funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Bitsure M&A and investment
M&A and investmentM&A
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Bitsure
What does Bitsure do?
Bitsure is a licensed insurance broker/producer that places three specialized lines of coverage — Property, Business Income Interruption, and Liability — for cryptocurrency mining companies. The Property line protects mining rigs (regardless of the crypto being mined) and shipping containers/pods at co-location facilities; Business Income Interruption covers monthly operating expenses when a mine goes dark; Liability covers legal and litigation exposure faced by miners.
Is Bitsure a public or private company?
Bitsure is a private company. It is classified as unknown and is currently operating.
When was Bitsure founded?
Bitsure was founded in 2020. It employs 11 to 50 people.
Where is Bitsure based?
Bitsure is headquartered in Chicago, United States, in the North America region.
How does Bitsure make money?
One revenue line is on record: insurance Commission.
Who are Bitsure's main competitors?
Direct peers on record are Evertas, Coincover and Relm Insurance. Others are Aon and Marsh. Broad incumbents are Lloyd's of London and Chubb. Canopius is listed as an emerging player.
Does Bitsure have an API?
No public API is recorded for Bitsure.
What industry is Bitsure in?
Bitsure's product category is Cryptocurrency Mining Insurance. Its primary akta.pro industry code is FSADAOAO, Slashing Insurance, Validator Risk Management & Coverage. Its NAICS code is 524210.