Company History
Company History & Milestones
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Coinmint's history is marked by strategic vision, technological innovation, and a commitment to sustainable blockchain infrastructure. From our early days as a private mining venture to becoming a leader in institutional-grade mining solutions, here's a timeline of our key milestones:
2015: Founding of Coinmint
Coinmint is established as a private Bitcoin mining venture in New York, focused on providing high-net-worth investors with access to professional mining infrastructure.
2018: Massena Data Center Launch
Opening of our flagship data center in Massena, New York, with initial 150MW capacity, powered by 100% hydroelectric energy from the St. Lawrence River.
2020: Capacity Expansion to 300MW
Significant expansion of our Massena facility to 300MW, establishing Coinmint as one of the largest mining operations in North America.
2023: NYDIG Strategic Investment
NYDIG (New York Digital Investment Group) invests $60 million in Coinmint, accelerating our growth and expansion plans.
2024: Reaching 435MW Capacity
Completion of our Massena facility expansion to 435MW, solidifying our position as a leader in sustainable mining infrastructure.
2025: Launch of Cloud Mining Services
Introduction of our cloud mining platform, making institutional-grade hashrate accessible to retail and institutional investors worldwide.
The Founding of Coinmint
In 2015, a group of technology and infrastructure experts recognized the potential of blockchain technology and the need for professional, sustainable mining solutions. They founded Coinmint with a vision to build mining infrastructure that combines technological excellence with environmental responsibility.
Initially serving high-net-worth private investors, Coinmint quickly established itself as a trusted partner for those seeking secure and efficient access to Bitcoin mining. Our founders understood that long-term success in the industry required a focus on three key pillars:
- Utilizing clean, renewable energy sources to minimize environmental impact
- Building scalable infrastructure to meet growing demand
- Ensuring full regulatory compliance and operational transparency
Early days at Coinmint's first operational facility
Founding Vision
"Our goal was never just to mine Bitcoin—we wanted to build the infrastructure that would power the future of the digital economy. By combining clean energy with cutting-edge technology, we aimed to set a new standard for sustainable blockchain operations."
- Ashton Soniat, Founder & CEO
NYDIG Investment & Growth
2023: NYDIG's Strategic Investment
In 2023, Coinmint secured a $60 million strategic investment from NYDIG (New York Digital Investment Group), a leading institutional digital asset firm. This investment marked a pivotal moment in our history, validating our approach and accelerating our growth trajectory.
Key Impact of the Investment:
- Accelerated expansion of our Massena facility to 435MW
- Enabled deployment of 50,000+ next-generation mining units
- Strengthened our position as a leader in sustainable mining
- Facilitated the development of our cloud mining platform
NYDIG's Perspective:
"Coinmint stands out for its commitment to clean energy, operational excellence, and regulatory compliance. Their infrastructure represents the future of sustainable blockchain operations, and we're excited to support their growth."
- Robert Gutmann, NYDIG Managing Director
Hashrate Growth Since NYDIG Investment
Key Milestones & Future Vision
Our Key Achievements
2018: Massena Facility Launch
Opening of our first major data center, setting new standards for clean energy mining.
2020: 300MW Capacity
Becoming one of the largest mining operations in North America.
2023: NYDIG Partnership
Securing strategic investment to accelerate growth and innovation.
2024: 435MW Full Capacity
Completing our Massena facility expansion.
Our Future Plans
Sustainable Expansion
Exploring additional clean energy locations for new data centers.
Technological Innovation
Investing in next-generation mining technology and cooling systems.
Global Outreach
Expanding cloud mining services to international investors.
ESG Leadership
Setting new standards for environmental responsibility in mining.
Be Part of Our Continuing Journey
Coinmint's history is one of innovation, growth, and commitment to sustainable blockchain infrastructure. Join us as we shape the future of digital asset mining.
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