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Key people at Supplybit.
Supplybit was founded in 2020 by Michael Groff (Founder & CEO).
Supplybit provides comprehensive cryptocurrency mining solutions, leveraging its proprietary infrastructure to offer both owned and operated mining capabilities and turnkey services. The company specializes in simplifying complex mining operations, enabling clients to participate in the digital asset economy without needing extensive technical expertise or capital investment in hardware. Its offerings cater to diverse operational scales, from individual investors to large institutional clients seeking to establish or expand their mining footprints efficiently.
Michael Groff founded Supplybit to address the significant hurdles he encountered when initially setting up his own Bitcoin mining ventures. His insight stemmed from the realization that many potential miners were deterred by the technical complexities, high upfront costs, and operational challenges inherent in cryptocurrency mining. This personal experience fueled the company's mission to democratize access to mining by offering managed services and ready-to-deploy solutions.
The company primarily serves individuals and institutions looking for reliable and accessible entry points into cryptocurrency mining. Supplybit’s vision centers on becoming a leading provider of accessible mining infrastructure, empowering a wider range of participants to secure blockchain networks and earn digital assets. It aims to reduce barriers to entry and foster broader engagement in the evolving decentralized finance ecosystem.
Supplybit was founded in 2020 by Michael Groff (Founder & CEO).
Key people at Supplybit.
Supplybit has 1 tracked investment across 1 company. The latest tracked deal is $5.0M Series A in Luxor Technology in June 2021.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Jun 9, 2021 | Luxor Technology | $5.0M Series A | Robert Gutmann | Bitnomial, Blockware Solutions, Celsius Network, DPO, Hodl Capital, Navier, Routemaster |