Hashlabs

What Hashlabs does

Hashlabs provides Bitcoin mining hosting and hardware procurement services for investors and miners who want exposure to Bitcoin mining without managing the underlying operations. Founded in 2021 in Kazakhstan by Alen Makhmetov — a former commodities trader at Glencore — the company sells mining machines to clients (minimum order of 3 machines, approximately $10,000-$15,000 in hardware) and operates them in Hashlabs-owned and -operated facilities across five countries and four continents: Kazakhstan, Ethiopia, Finland, Norway, and the United States. Clients retain ownership of the hardware and receive mined Bitcoin paid daily directly to their wallets, while Hashlabs handles power procurement, cooling, security, maintenance, and monitoring under a hosting SLA. A sales and account management function is led by Dominik Wanzowitsch, and the company holds legal entities across multiple jurisdictions including Hashlabs Pte. Ltd. in Singapore, with its main office in Limassol, Cyprus.

Hashlabs' product surface extends beyond hosting into research and analytics tooling. The Hashlabs Terminal aggregates data on 100+ mining machines and integrates CoinGecko pricing and mempool.space network metrics to power a mining calculator and market overview, supporting investor due diligence and ROI modeling. A separate Client Portal provides real-time machine status, invoicing, contract management, and 24/7 support. The company's most differentiated technical asset is its Finland-based heat reuse operations, which capture 100% of waste heat from mining machines and feed it into local district heating networks — described as the world's largest proof-of-concept for Bitcoin mining heat reuse. Additional products include the Hashlabs Managed Pool solution, which abstracts mining pool configuration for clients.

The business model combines one-time hardware sales with recurring monthly hosting fees and ancillary machine repair services (in-warranty repairs free; out-of-warranty repairs typically $50-$200 per machine). There are no disclosed management or performance fees. The go-to-market combines direct website sales with personalized enterprise sales engagement, content marketing (a free 13-page due diligence guide read by 10,000+ investors, plus an Insights blog and newsletter), conference presence (Bitcoin 2026, BTC Prague, Bitcoin MENA, Bitcoin Oasis, NiceHashX), and referral channels. Payment is accepted in USD, EUR, BTC, USDT, and USDC across US, EU, and Singapore bank accounts. The company is privately held by its two co-founders with no institutional or venture capital funding disclosed.

Name

Hashlabs

Legal name

Hashlabs Pte. Ltd.

Website

https://hashlabs.io

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

11–50 employees

Short description

Hashlabs provides hosted Bitcoin mining and hardware procurement for individual and institutional investors, operating facilities across five countries with proprietary heat reuse technology in Finland and a Terminal suite of mining analytics tools.

Ownership category

akta.pro rank

Product category

Bitcoin Mining Hosting

SIC

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

akta.pro primary industry

Mining Hosting, Colocation & Managed Facilities (FSADAOAE)

akta.pro secondary industries

Mining Infrastructure & Energy Procurement (Power, Cooling, Grid Services) (FSADAOAG), Mining Software, Firmware & Monitoring Platforms (FSADAOAF)

Keywords

• Bitcoin mining hosting
• Cryptocurrency mining operations
• Mining hardware procurement
• Heat reuse infrastructure
• Hosted mining services

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Hardware Sales: Hashlabs sells Bitcoin mining machines to clients who then host them at Hashlabs facilities. Clients purchase physical hardware that they own outright. The minimum order is 3 machines, representing approximately $10,000-$15,000 in hardware depending on the model.
2. Monthly Hosting Fees: Recurring monthly fees covering electricity, cooling, facility operations, and maintenance. The hosting fee is calculated based on machines' power consumption multiplied by the electricity rate at the chosen facility. There are no management fees, performance fees, or hidden charges beyond hardware purchase and monthly hosting.
3. Machine Repair Services: Out-of-warranty repairs are passed on to clients at a small cost, typically $50-$200 per machine depending on complexity. In-warranty repairs are free.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

Hashlabs provides hosted Bitcoin mining where investors purchase and own mining machines and Hashlabs operates them at its facilities, covering electricity, cooling, security, maintenance, and monitoring while mined Bitcoin is paid daily directly to the client's wallet. The company also offers a research Terminal with a miners database, mining calculator, and market overview, and operates Finland facilities that capture 100% of mining heat for district heating networks.

Product overview

Hashlabs operates a hosted Bitcoin mining platform for investors, offering two primary services: hosted mining where clients purchase and own mining machines while Hashlabs operates them, and machine supply where hardware is sourced and delivered directly. The core product is the Hosted Bitcoin Mining service, supported by the Hashlabs Terminal — a research and analysis platform that includes a miners database (100+ models), a mining calculator for ROI modeling, and a live market overview. Additional platform components include the Client Portal for real-time account management and the Hashlabs Managed Pool for hands-off pool configuration. The company also operates Finland Heat Reuse Facilities that capture mining waste heat for district heating. Educational resources include the free 9 Mistakes Investors Guide and the Insights blog with articles on mining strategy and economics.

Differentiator

Problem solved

Functional benefit

Products and services

• Hosted Bitcoin Mining

Quantifiable outcome

• 99% uptime at Finland facilities
• +3 more outcomes

Named customers3 records

Segments1 record

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Feature1 record

Partnerships

Four partnerships are on record, tiered core and minor.

• NiceHashcoreTechnology or IntegrationNiceHash is listed as a mining pool partner on the Hashlabs website. Clients can use NiceHash as their mining pool of choice. NiceHash is a major cryptocurrency mining marketplace.
• ViaBTCcoreTechnology or IntegrationViaBTC is listed as a mining pool partner. Clients can connect their Hashlabs-hosted machines to ViaBTC for mining pool services.
• HiveoncoreTechnology or IntegrationHiveon is listed as a mining pool partner. Hiveon provides mining pool services that Hashlabs clients can utilize.
• GlencoreminorOthersFounder Alen Makhmetov previously worked as a commodities trader at Glencore in China before leaving to build Hashlabs in 2021.

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• MARA Holdings: MARA Holdings is one of the largest publicly traded Bitcoin miners globally, operating industrial-scale facilities primarily in the US. MARA has also pioneered district heating Bitcoin mining operations in Finland (the same 80,000-resident footprint referenced in Hashlabs' site), making it both a competitor in heat-reuse narrative and a benchmark for institutional hosting scale.
• Core Scientific: Core Scientific is one of the largest publicly traded Bitcoin mining and digital infrastructure companies in North America, offering both self-mining and third-party hosting/colocation services. Direct competitor in the hosting/colocation category with comparable institutional client profile.
• CleanSpark: CleanSpark is a US-focused publicly traded Bitcoin miner operating large-scale facilities and expanding aggressively through acquisitions. Comparable as a competitor for hosting capacity and as an institutional partner option for Hashlabs' potential expansion partners.
• Riot Platforms: Riot Platforms is a large US-focused publicly traded Bitcoin miner with vertically integrated hosting capabilities. While Riot focuses on self-mining rather than third-party hosting, it competes for power capacity and ASIC procurement and is often the benchmark institutional investors compare smaller hosts to.
• Cipher Mining: Cipher Mining is a US-focused publicly traded Bitcoin mining and hosting company operating industrial-scale facilities and offering colocation services. Comparable as a competitor for energy contract negotiation expertise and institutional hosting relationships.
• Hut 8: Hut 8 is a publicly traded digital infrastructure company operating Bitcoin mining and hosting services across North America. Comparable both as a mining host and as a publicly traded reference point for valuation, energy strategy, and institutional client engagement.

Emerging players

• NiceHash: NiceHash is a major cryptocurrency mining hashpower marketplace and a stated mining pool partner of Hashlabs. Overlap is partial—NiceHash operates a hashrate marketplace while Hashlabs operates hosting—but NiceHash also offers hosted mining services, placing the two in adjacent competitive positions with explicit partnership listed.
• Terahash Energy: Terahash Energy is a Nordic-focused Bitcoin mining operator with heat-reuse/district-heating operations comparable to Hashlabs' Finland facilities. Direct regional peer on the heat-reuse sustainability narrative; explicitly named alongside Hashlabs in coverage of Finnish district heating mining pilots.

Direct peers

• Compass Mining: Compass Mining is the most direct comparable: a hosted Bitcoin mining marketplace where individual and institutional investors purchase and host ASIC machines at third-party facilities. Compass and Hashlabs share the same buyer (Bitcoin mining investors), same product (hosted mining), and same geography (multiple international facilities). Compass is more US-centric while Hashlabs is more globally distributed, but the GTM motion is nearly identical.
• BitDeer: BitDeer is a publicly listed Bitcoin mining hosting provider operating facilities across the US, Norway, and Bhutan, offering hosted mining, cloud hashrate, and mining machine sales to institutional and individual customers. BitDeer is a direct competitive overlap on hosted mining and hardware distribution, with notably similar jurisdictional footprint (Norway, US, Asia).

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/HashlabsMining
• LinkedInlinkedin.com/company/hashlabs-mining

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 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 Hashlabs