About MiningStore
Supporting the Bitcoin ecosystem by bringing mining to the masses
MiningStore's Story
MiningStore is a U.S. based mining company that has been mining cryptocurrencies for over Six years. Beginning with a 300 GPU setup and mining over 500 Ethereum per day, we’ve seen the industry develop and quickly weed out inefficient and expensive mining operations. The result of 2018’s bear-market was an opportunity to analyze and fortify our mining strategy, leading us to redirect our infrastructure towards mobilized deployments, allowing us to seek out extremely low-cost stranded or excess energy. Since our first mobile mining container deployment in December of 2018, we’ve established strong partnerships with North American utility providers and are actively deploying infrastructure to various power sites.
"We convert energy to wealth by offering trusted Bitcoin mining solutions through low-cost sustainable energy sources."
"Our vision is to build a holistic ecosystem of solutions that provide economic freedom and stability by continuously deploying world-class mining facilities and bringing Bitcoin to the masses"
An open financial system is one that is not controlled by any one country or company (just like the internet did for distributing information). We think this is the highest leverage way to bring about more economic freedom, innovation, efficiency, and equality of opportunity in the world. We have a plan to get there.
- Imagine if every payment in the world was as fast, cheap, and global as sending an email.
- Imagine if anyone who had an idea for a product could have customers all over the world from day one.
- Imagine if anyone with a smartphone had access to the same financial services we enjoy in the developed world.
An open financial system can be a great equalizer and lift billions out of poverty while accelerating the pace of innovation around the world. This is the best way we know to change the world.
MiningStore
Timeline
JP Baric
Purchased his first Bitcoin
MiningStore founded
with $100k seed
investment
MiningStore surpasses
$700k in hardware
sales
MiningStore constructs
1MW mining data
center (self-funded)
MiningStore surpasses
$2M in hardware
sales & hosting revenue
MiningStore constructs
5.4MW mining data center in Iowa
MiningStore surpasses
$6.6M in total revenue
MiningStore launches
Managed Mining Program (MMP) and generates $500k revenue in 1st month
Results
Developed and deployed a MiningStore-owned and managed 5MW Bitcoin mining facility in St.Anthony, Iowa
MiningStore Launches
BitVault Influencer Program
Partnerships with crypto-savvy influencers to help bring Bitcoin mining to the masses. We worked with Josh Terry to raise over $600k for Bitcoin mining from the public with an average investment size of $600 USD
Results
Deployed a MiningStore-owned and managed 5MW Bitcoin Mining Facility in May City, Iowa, in February
Deployed a MiningStore-owned and managed 5MW Bitcoin Mining Facility in Lake Port, Iowa, in October
Deployed a Client Owned and MiningStore-managed 5MW Bitcoin Mining Facility in Iowa, in October
