What Startmining does

Startmining is a French vertically integrated Bitcoin mining infrastructure operator founded by Saimi Barragan, with formal SAS incorporation in November 2021 (RCS Toulon 853 111 698) and operational roots in mining activity from 2017. The company combines ASIC hardware sales, multi-site industrial hosting, and a professional data/simulation platform, serving retail individual miners, mid-to-large institutional miners, and a growing set of API and AI/HPC compute customers.

The core offering spans ASIC procurement and turnkey hosting across Iceland (geothermal + hydro, including Direct Liquid Cooling containers Alpha-Node-01 and Bravo-Node-01 at PUE 1.05), USA Washington (hydro), Canada (hydro), Mexico (older-generation ASIC optimization), and Paraguay (Itaipu hydro). All sites are 100% renewable and contracted at $0.061–$0.075/kWh all-in. The technology stack centers on a self-hosted Bitcoin Core full node that powers pro.startmining.io — a free simulator with 87+ ASIC models, 17-year backtesting, 10,000-scenario Monte Carlo, an 8-strategy 48-month comparator, and a public REST API plus MCP server enabling AI assistants to query mining data. The START utility token (€50 minimum, launched March 2023) provides fractional, transferable exposure to industrial mining rewards, and Startmining Compute IA extends the hosting footprint into GPU/AI workloads.

Revenue is generated across four streams: one-time ASIC hardware sales, recurring per-kWh hosting/colocation fees, START token sales, and Enterprise API subscriptions, with Compute IA as an emerging fifth stream. GTM is hybrid: product-led growth via the Pro platform and Discord community for retail and developer adoption, paired with enterprise field sales for MW-scale institutional hosting contracts and ASIC bulk procurement. The company operates with 1–10 employees, is founder-owned and bootstrapped (no disclosed funding rounds), and is GDPR-compliant with Green Mining certification for renewable sourcing.

Name

Startmining

Legal name

STARTMINING SAS

Website

https://startmining.io

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

1–10 employees

Short description

French Bitcoin mining infrastructure operator combining ASIC hardware sales, multi-site renewable-energy hosting across five countries, the START utility token for fractional mining access, and a self-hosted Bitcoin Core–powered data and simulation platform serving retail and institutional miners.

Ownership category

akta.pro rank

Product category

Bitcoin Mining Infrastructure Services

NAICS

Support Activities for Mining (213), Mining Machinery and Equipment Manufacturing (333131)

SIC

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

akta.pro primary industry

Mining Hosting, Colocation & Managed Facilities (FSADAOAE)

akta.pro secondary industries

Mining Hardware (ASIC/GPU) Manufacturing & Distribution (FSADAOAD), Mining Software, Firmware & Monitoring Platforms (FSADAOAF), Mining Infrastructure & Energy Procurement (Power, Cooling, Grid Services) (FSADAOAG)

Keywords

• Bitcoin mining hosting
• ASIC hardware sales
• Cryptocurrency mining colocation
• Bitcoin mining simulator
• Renewable energy mining

Headquarters

HQ city

La Seyne-sur-mer

HQ country

France

HQ region

Europe

Offices6 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. ASIC Hardware Sales: Sale of Bitcoin ASIC miners (Bitmain, Whatsminer, Canaan, Bitdeer, etc.) as new units. Customers purchase full ownership of the hardware. Sales occur via the online boutique (boutique.startmining.io) and include hosting options. Revenue is one-time per unit sold.
2. ASIC Hosting / Colocation: Hosting fees charged per kWh for housing customer-owned ASICs at Startmining's facilities in Iceland (hydro/geothermal), USA (Washington, hydro), Canada (hydro), and Paraguay. Fees are recurring and contracted at fixed rates per kWh. Revenue is usage-based (electricity consumed) with fixed contractual pricing.
3. START Token (Utility Token): START is a utility token enabling fractional, accessible access to industrial mining farms from €50. Tokens are purchased on the platform and provide staking to trace mining rewards. The token does not confer ownership of physical ASICs but serves as the vehicle for the Mining 3.0 community model.
4. Enterprise API Tier: Enterprise tier of the public REST API providing higher rate limits (custom 100k+/day), SLA 99.9%, dedicated support, private deployment option, and historical data from 2009. Sold to trading desks, funds, and mining operators.
5. GPU/IA Compute Hosting: Startmining Compute IA vertical — hosting GPU workloads for AI/HPC. A newer revenue vertical targeting enterprises needing GPU compute capacity in Iceland.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels10 records

Core offering

Startmining provides turnkey Bitcoin mining infrastructure: it sells ASIC mining hardware from Bitmain, MicroBT, Canaan, and Bitdeer, then hosts those ASICs in its own industrial data centers in Iceland, USA, Canada, Paraguay, and Mexico (all 100% renewable energy). It also offers the Pro platform (pro.startmining.io) - a free mining simulator with live data, historical backtest, Monte Carlo simulation, and a public REST API / MCP server - and the START utility token enabling fractional access to industrial mining from €50. BTC mined at its facilities is routed directly to customer wallets with 0% mining pool fees.

Product overview

Startmining is a French Bitcoin mining infrastructure company offering an integrated platform combining ASIC hardware sales, professional hosting/colocation services, and the START utility token for fractional mining access. The portfolio spans three core pillars: (1) ASIC sales through the boutique with integrated hosting, (2) professional hosting in Iceland (hydro and air-cooled), USA, Canada, and Paraguay with 100% renewable energy, and (3) the Pro platform (pro.startmining.io) — a comprehensive mining simulator providing real-time profitability calculation, 17-year historical backtesting, Monte Carlo risk simulation, 8-strategy investment comparison, 87+ ASIC catalog, live Bitcoin network dashboard, halving countdown, and price prediction models. The START token (app.startmining.io) provides blockchain-based fractional access to industrial mining farms, representing a 'Mining 3.0' model. Additional tools include a mining pool dashboard (pool.startmining.io), an embeddable widget for third-party sites, and an MCP server for AI assistant integration. The company also launched Startmining Compute IA for GPU/AI workload hosting.

Differentiator

Problem solved

Functional benefit

Brands

• Startmining Pro: Free Bitcoin mining simulator with live data from a self-hosted Bitcoin Core node, 87+ ASIC models, 16-year backtest, Monte Carlo simulations, and a public REST API and MCP server for AI assistants.
• START Token
• Startmining Compute AI
• Startmining Dashboard (Pool)

Products and services

• ASIC Mining Hardware Sales Sale of new Bitcoin ASIC miners from Bitmain (Antminer S21 XP, S21+ Hydro, S21 PRO, S23 Hydro, etc.), MicroBT (Whatsminer), Canaan (Avalon), and Bitdeer (Sealminer) via the boutique storefront. Customers receive 100% ownership of the hardware with optional integrated hosting add-on; products are sold with full ownership transfer.
• ASIC Hosting / Colocation (Iceland Hydro, Iceland Air, USA Washington, Canada, Paraguay) Professional ASIC colocation in industrial data centers in Iceland (Direct Liquid Cooling and air-cooled), USA Washington (hydroelectric), Canada Quebec (hydroelectric), Paraguay (Itaipu hydroelectric), and Mexico. All-inclusive per-kWh pricing covers electricity, cooling, 24/7 monitoring, and first-level maintenance; BTC is sent directly to the customer's own wallet. Uptime targets range from 99.5% to 99.98% depending on site.
• START Token (Mining 3.0 utility token) Blockchain-based utility token providing fractional access to industrial Bitcoin mining farms. Holders stake the token and receive Bitcoin mining rewards traced via the staking mechanism; minimum entry from €50 with stake/unstake flexibility, instant transferability, no customs or delivery fees, and no long-term commitment.
• Pro Mining Simulator Platform (pro.startmining.io) with Enterprise REST API & MCP Server Free professional Bitcoin mining simulator and data platform with real-time market data, 87+ ASIC models, 16-17 years of walk-forward historical backtesting, 10,000-scenario Monte Carlo simulations, 8-strategy investment comparison over 48 months, halving countdown, and break-even analysis. Includes a public REST API (12 endpoints, Free tier + Enterprise tier with custom 100k+/day rate limits, SLA 99.9%, dedicated support, private deployment, WebSocket) and an MCP server (startmining-mcp) enabling AI assistants (Claude, ChatGPT) to query mining data via 11 tools. Localized in 7 languages.
• Startmining Compute IA (GPU / AI workload hosting) High Performance Computing (HPC) hosting service for GPU and AI/ML workloads, leveraging Iceland's 100% renewable cold-climate data centers. Targets enterprises and research organizations requiring dense GPU compute capacity for AI training and inference.

Quantifiable outcome

• Direct liquid cooling increases daily BTC revenue by +12% vs air-cooling equivalent ASIC (maintaining full hashrate frequency boost without throttling)
• +4 more outcomes

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

AI capability3 records

Feature6 records

Partnerships

Five partnerships are on record, tiered core and minor.

• Icelandic Geothermal Operator (strategic partnership)coreStrategic or Co-development Partner · 1 July 2022Strategic partnership with a local Icelandic geothermal operator to expand the Iceland site from 1 MW to 3 MW in July 2022, then to 6+ MW by July 2023. The partner provides access to geothermal energy capacity, enabling Startmining's Iceland hosting operations.
• Itaipu Dam Consortium (Paraguay)coreStrategic or Co-development Partner · 1 January 2022First MW signed with a Paraguay-based hydroelectric operator sourcing surplus energy from the Itaipu dam. The partnership enables ultra-low-cost hosting at $0.065/kWh using otherwise lost hydroelectric surplus.
• AxonautminorImplementation/ SI/ Consulting PartnerAxonaut is the accounting and billing software partner used by Startmining for invoicing and financial management of customer accounts.
• CruxpoolcoreTechnology or IntegrationCruxpool powers the Startmining mining pool dashboard (pool.startmining.io). Miners connect via the dashboard to monitor their hashrate, uptime, and BTC rewards. BTC is sent directly to the customer's own wallet with 0% mining pool fees. This is a core operational partnership for mining operations.
• Bitcoin CorecoreTechnology or IntegrationStartmining operates a self-hosted Bitcoin Core full node that serves as the primary data source for the simulator, API, and internal mining operations. No third-party blockchain API in the chain — all blockchain data is sourced directly from this proprietary node.

Scale indicators7 records

Recent moves15 records

Expansion highlights6 records

Broad incumbents

• CleanSpark: CleanSpark operates a large-scale Bitcoin mining fleet across multiple US sites with a focus on renewable and low-cost energy. Comparable institutional BTC mining infrastructure operator at significantly larger scale.
• Foundry Digital: Foundry Digital is a leading BTC mining pool and infrastructure provider with hosting, financing, and equipment procurement services. Larger incumbent serving institutional miners with comparable service breadth.
• Core Scientific: Core Scientific provides hosted Bitcoin mining infrastructure at scale, including colocation for institutional customers. Comparable hosted mining model with broader scale and infrastructure footprint.
• Marathon Digital Holdings: Marathon Digital is one of the largest publicly traded Bitcoin miners with multi-GW operations. Represents the scale ceiling for hosted BTC mining and a key competitor for institutional hosting contracts.

Direct peers

• Bitfarms: Bitfarms is a BTC mining company with operations across multiple sites in the Americas including hydroelectric-powered facilities. Similar vertically-integrated model combining mining operations and hosting services for institutional and retail miners.
• Compass Mining: Compass Mining is a Bitcoin mining marketplace and hosting platform offering colocation services across multiple sites globally. Directly comparable to Startmining as both sell hosted ASIC exposure to retail and institutional miners with similar target customers and GTM motion.
• Hive Digital Technologies: Hive Digital operates BTC mining and GPU compute hosting for AI workloads, with a similar dual BTC + AI compute strategy. Comparable in combining crypto mining infrastructure with adjacent GPU/HPC hosting offerings.
• Hut 8: Hut 8 is a publicly traded digital asset mining and infrastructure company operating BTC mining and hosting with diversified energy infrastructure including renewable power. Comparable business model combining self-mining and third-party hosting at multi-MW scale.
• Bitdeer Technologies: Bitdeer combines ASIC mining hardware manufacturing (Sealminer) with hosting and self-mining operations. Comparable vertically-integrated model with both equipment sales and hosting revenues.
• Iris Energy: Iris Energy operates 100% renewable-powered Bitcoin mining data centers, with growing HPC/AI compute hosting business. Closest pure-play comp to Startmining's renewable positioning and emerging AI/HPC vertical expansion.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/startmining
• Xx.com/StartminingFR
• Facebookfacebook.com/profile.php

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 Startmining