Top 9 Mining Startups to Look Out For in [2023]

Have you ever wondered who is on the list of Mining Companies with the highest growth rates?

You’re not alone.

There are hundreds of Mining Companies found there, and keeping track of the hottest new startups can be challenging.

But don’t worry, we’ve got you covered. Here are the top 9 fast-growing Mining Startups that have top-tier venture capital funding.

What are Mining Startups?

Mining startups are companies that are focused on the development, research, and implementation of new technologies related to cryptocurrency mining. These startups typically focus on improving mining operations, creating new mining algorithms, and developing new mining hardware. 

Mining startups also strive to create new ways to mine digital currencies, as well as to make the mining process more efficient and profitable.

Top 9 Fastest-Growing Startups In Mining

1) Blue Origin

Blue Origin is an aerospace business whose mission is to reduce the cost of spaceflight while also assisting in the exploration of the solar system.

Details of the startup:

• Country: United States
• City: Kent
• Started in: 2000
• Founders: Jeff Bezos
• Number of employees: 251-500
• Funding amount: $13,000,000
• Number of funding rounds: 1
• Number of investors: 1

You can find their website here.

2) Gryphon Digital Mining

Gryphon Digital Mining is a bitcoin mining company that develops fully integrated pure-play bitcoin miners with zero carbon emissions.

Details of the startup:

• Country: United States
• City: Las Vegas
• Started in: 2021
• Founders: Dan Tolhurst
• Number of employees: 1-10
• Funding amount: $14,000,000
• Number of funding rounds: 1
• Number of investors: 1

You can find their website here.

3) Jetti Resources

Jetti allows copper to be extracted from low-grade primary sulfides.

Details of the startup:

• Country: United States
• City: Boulder
• Started in: 2014
• Founders: Andrew Perlman, Michael Outwin
• Number of employees: 11-50
• Funding amount: $69,491,749
• Number of funding rounds: 6
• Number of investors: 14

You can find their website here.

4) Triax Technologies, Inc.

Triax Technologies, Inc. provides a linked IoT worksite platform for the construction, energy, and heavy industrial sectors.

Details of the startup:

• Country: United States
• City: Norwalk
• Started in: 2012
• Founders: Chad Hollingsworth, Dale Hollingsworth
• Number of employees: 11-50
• Funding amount: $12,500,000
• Number of funding rounds: 1
• Number of investors: 2

You can find their website here.

5) Bitfury Group

Bitfury is the world’s premier bitcoin and blockchain technology consulting firm.

Details of the startup:

• Country: The Netherlands
• City: Amsterdam
• Started in: 2011
• Founders: Valery Nebesny, Valery Vavilov
• Number of employees: 501-1000
• Funding amount: $170,000,000
• Number of funding rounds: 6
• Number of investors: 24

You can find their website here.

6) Black Bear Carbon

The circular economy is brought to tires by Black Bear.

Details of the startup:

• Country: The Netherlands
• City: Nederweert
• Started in: 2010
• Founders: Christopher Twigg
• Number of employees: 11-50
• Funding amount: € 23,500,000
• Number of funding rounds: 5
• Number of investors: 10

You can find their website here.

7) Metalshub

Metalshub is the most popular site for metals trading and price analysis.

Details of the startup:

• Country: Germany
• City: Düsseldorf
• Started in: 2016
• Founders: Frank Jackel, Sebastian Kreft
• Number of employees: 11-50
• Funding amount: $14,429,825
• Number of funding rounds: 3
• Number of investors: 6

You can find their website here.

8) Phoenix Group India

Phoenix is a company having interests in real estate, automobiles, energy, and mining.

Details of the startup:

• Country: India
• City: Hyderabad
• Started in: 2002
• Founders: Suresh Chukkapalli
• Number of employees: 51-100
• Funding amount: $45,884,399
• Number of funding rounds: 2
• Number of investors: 2

You can find their website here.

9) ViaBTC

ViaBTC is a mining pool based in China.

Details of the startup:

• Country: China
• City: Shenzhen
• Started in: 2016
• Founders: Haipo Yang
• Number of employees: 1-10
• Funding amount: $32,900,000
• Number of funding rounds: 2
• Number of investors: 1

You can find their website here.

FAQs

Is Mining Business Profitable?

Yes, mining can be a profitable business if it is done correctly. Mining operations require a great deal of capital investment, so it is important to thoroughly research the potential for profits before investing. 

Additionally, the regulatory environment for mining operations can be complex, so it is important to understand the local laws and regulations before investing.

What Is The Average Investment In Mining?

The average investment in a mining business depends on a variety of factors, such as the type of mining being done, the size of the operation, the amount of capital needed to start the business, and the location of the mine. 

Generally speaking, the average investment in a mining business can range from hundreds of thousands of dollars to millions of dollars.