Merkle Tree
Merkle Tree is a privately held South American Bitcoin mining operator and subsidiary of IBBA Financials that issues NFT annuity contracts granting holders a perpetual 25% Bitcoin dividend, financed by its Venezuelan P3-backed low-cost electricity infrastructure and WhatsMiner ASIC fleet.
- Company typePrivate
- Founded2023
- Headquarters—
- Headcount—
- GTM typeB2C
- OfferingServices
What Merkle Tree does
Merkle Tree is a privately held Bitcoin mining operator and capital-raising vehicle structured as the turnkey digital asset mining subsidiary of IBBA Financials. Founded in 2023, the company builds, operates, and maintains crypto mining facilities across South America, with its operational base anchored in Venezuela under a Private Public Partnership (P3) with the Venezuelan government that secures electricity at $0.01/kW. Its mining fleet consists of WhatsMiner M30 ASIC miners operating at 280 PH/s of hash rate, with an annual pH output capacity of 380 PH and expected Bitcoin production of approximately 310.25 BTC per year.
The company's sole product offering is the Merkle Tree NFT Annuity Contract: a capped issuance of 12,000 NFTs priced at $1,000 USD each, for a total raise target of $12 million earmarked to finance a second mining facility. Each NFT entitles the holder to a perpetual 25% dividend on all Bitcoin mined by Merkle Tree operations, with custody, settlement, and yield delivery executed entirely onchain through the NFT mechanism rather than via traditional financial intermediaries.
Distribution is direct-to-consumer through the merkletree.io website, supported by a social-led marketing stack across Twitter, Telegram, Discord, Medium, and Instagram, with email newsletter signup capturing investor intent. The customer base is a horizontal segment of retail and accredited cryptocurrency investors seeking yield exposure to Bitcoin mining and South American fintech growth. No headcount, management team, revenue figures, or external institutional capital is disclosed in available materials, and the company presents as an early-stage operation whose commercial maturity is contingent on the completion of the NFT raise and the commissioning of its second facility.
Merkle Tree firmographics
Firmographics- Name
- Merkle Tree
- Legal name
- Merkle Tree
- Website
- https://merkletree.io
- Company type
- Private
- Founded year
- 2023
- Operating status
- Operating
- Short description
- Merkle Tree is a privately held South American Bitcoin mining operator and subsidiary of IBBA Financials that issues NFT annuity contracts granting holders a perpetual 25% Bitcoin dividend, financed by its Venezuelan P3-backed low-cost electricity infrastructure and WhatsMiner ASIC fleet.
- Ownership category
- akta.pro rank
Merkle Tree industry classification
Industry- Product category
- Cryptocurrency Mining Investment
- akta.pro primary industry
- Mining Infrastructure & Energy Procurement (Power, Cooling, Grid Services) (FSADAOAG)
- akta.pro secondary industries
- Mining Finance, Leasing & Hashrate-Backed Financing (FSADAOAH), NFT Commerce, Ticketing & Utility Enablement (token-gated access, memberships, passes, ticketing rails) (FSAPAFAJ)
Keywords
Merkle Tree business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Infrastructure, Operations, Technology or R&D, Marketing or Sales, Personnel
Revenue model
- NFT Annuity Contract Sales: Sale of 12,000 NFT annuity contracts at $1,000 USD each to raise $12M for development of second mining facility. Investors receive 25% dividend on all future Bitcoin mined in perpetuity.
- Bitcoin Mining Operations: Operating Bitcoin mining facilities in South America generating approximately 310.25 BTC annually at 280 PH/s hash rate, with electricity costs of $0.01/kW.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Pay-as-you-go | Single NFT Annuity Contract |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels6 records
Merkle Tree product offering
Product offeringCore offering
Merkle Tree operates Bitcoin mining facilities in South America and sells NFT annuity contracts that deliver a perpetual 25% dividend on all Bitcoin mined by the company, paid entirely on-chain. The offering consists of 12,000 NFTs priced at $1,000 USD each, raising a $12M fundraise to finance a second mining facility, with mining powered by WhatsMiner M30 ASIC miners at 280 pH hash rate backed by $0.01/kW electricity through a Venezuelan government P3 partnership.
Product overview
Merkle Tree is a single-product NFT-based Bitcoin mining investment vehicle operated by IBBA Financials. The offering consists of 12,000 NFT annuity contracts (the Merkle Tree NFT) that provide perpetual dividend rights tied to 25% of all Bitcoin produced by the company's South American mining operations. There are no additional modules, add-ons, or separate product tiers—the NFT annuity is the sole product offering, with the underlying mining infrastructure serving as the operational asset backing the contractual dividend obligations.
Differentiator
Problem solved
Functional benefit
Products and services
- Merkle Tree NFT Annuity Contracts 12,000 NFT annuity contracts priced at $1,000 USD each, sold to retail and accredited cryptocurrency investors to finance the development of a second Bitcoin mining facility and to grant holders a perpetual 25% dividend on all Bitcoin mined by Merkle Tree's South American operations. Each NFT functions as an on-chain digital certificate of annuity rights, with dividends paid directly in Bitcoin entirely on the blockchain, ensuring verifiable custody and settlement without traditional financial intermediaries.
Quantifiable outcome
- Expected annual dividend yield of 77.56 BTC on 310.25 BTC total output (25% payout)
- +1 more outcomes
Companies that use Merkle Tree
Customer profileSegments1 record
Ideal customer profiles1 record
Merkle Tree technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
Merkle Tree partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Venezuelan GovernmentcorePrivate Public Partnership (P3) providing Merkle Tree with globally competitive electricity pricing at $0.01/kW, enabling cost-effective Bitcoin mining operations in South America.
Scale indicators7 records
Recent moves5 records
Expansion highlights4 records
Merkle Tree competitors and assessment
Company assessmentDirect peers
- Iris Energy (IREN): Renewable-energy-powered Bitcoin miner operating in regions with low-cost, sustainable power sources. Directly comparable to Merkle Tree's strategy of securing subsidized/cheap electricity for mining economics, though using renewable rather than government-subsidized power.
- CleanSpark: Pure-play Bitcoin mining operator focused on sustainable energy and operational efficiency. Comparable to Merkle Tree in business model and target market (public crypto exposure to Bitcoin mining output).
- Marathon Digital Holdings: One of the largest publicly traded Bitcoin mining operators in North America. Marathon is directly comparable to Merkle Tree as a large-scale industrial Bitcoin miner focused on hash rate expansion, though operating in different geographies and without Merkle Tree's NFT funding structure.
- Hut 8 Corp: Public Bitcoin mining operator with diversified infrastructure across North America. Comparable to Merkle Tree in business model and focus on operational efficiency, with broader geographic and product diversification.
- Riot Platforms: Vertically integrated Bitcoin miner with significant operational hash rate and focus on low-cost power procurement. Comparable to Merkle Tree in operating model and cost-advantage strategy, though U.S.-based and publicly traded.
- Bitfarms: Vertically integrated Bitcoin miner operating multiple facilities across the Americas. Directly comparable to Merkle Tree in operating multi-site mining infrastructure in South America-adjacent geographies.
- Hive Digital Technologies: Diversified crypto miner and AI infrastructure operator with operations spanning multiple jurisdictions. Comparable to Merkle Tree in operating model and focus on emerging-market power economics, with broader diversification.
- Bit Digital: Bitcoin mining operator with diversified geographic footprint across North America. Comparable to Merkle Tree in scale-up mining strategy and exposure to institutional-grade hash rate economics.
- Cipher Mining: Bitcoin mining operator focused on low-cost power in Texas. Comparable to Merkle Tree in cost-advantage-driven mining strategy and infrastructure-led growth model.
- TeraWulf: Bitcoin mining operator focused on zero-carbon, low-cost energy infrastructure for mining. Comparable to Merkle Tree in its emphasis on energy-cost-driven mining economics and infrastructure-led scaling.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat3 records
Key risks5 records
Key highlights5 records
Customer concentration
Merkle Tree social profiles
Digital presenceMerkle Tree financial estimates
Financial estimateRevenue estimate
Valuation estimate
Merkle Tree leadership team
Management profileNumber of profiles
Merkle Tree funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Merkle Tree M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Merkle Tree
What does Merkle Tree do?
Merkle Tree operates Bitcoin mining facilities in South America and sells NFT annuity contracts that deliver a perpetual 25% dividend on all Bitcoin mined by the company, paid entirely on-chain. The offering consists of 12,000 NFTs priced at $1,000 USD each, raising a $12M fundraise to finance a second mining facility, with mining powered by WhatsMiner M30 ASIC miners at 280 pH hash rate backed by $0.01/kW electricity through a Venezuelan government P3 partnership.
Is Merkle Tree a public or private company?
Merkle Tree is a private company. It is classified as corporate owned and is currently operating.
When was Merkle Tree founded?
Merkle Tree was founded in 2023.
How does Merkle Tree make money?
Two revenue lines are on record. NFT Annuity Contract Sales are the primary driver. The others are bitcoin Mining Operations.
Who are Merkle Tree's main competitors?
Direct peers on record are Iris Energy (IREN), CleanSpark, Marathon Digital Holdings, Hut 8 Corp, Riot Platforms, Bitfarms, Hive Digital Technologies, Bit Digital, Cipher Mining and TeraWulf.
Does Merkle Tree have an API?
No public API is recorded for Merkle Tree.
What industry is Merkle Tree in?
Merkle Tree's product category is Cryptocurrency Mining Investment. Its primary akta.pro industry code is FSADAOAG, Mining Infrastructure & Energy Procurement (Power, Cooling, Grid Services), with a secondary code of FSADAOAH, Mining Finance, Leasing & Hashrate-Backed Financing.