Genesis Mining

Genesis Mining is a cloud mining company that allows individuals to mine Bitcoin and other cryptocurrencies without owning or operating physical hardware. Customers purchase mining contracts that allocate a share of the company’s hashing power, with rewards distributed proportionally to each contract holder.

The company was founded in 2013 and launched its platform in early 2014, with its registered office in Hong Kong. It operates data centers in Iceland, Canada, and Bosnia, making use of geothermal and other renewable energy sources in Iceland. Supported mining algorithms include SHA-256, Scrypt, and X11, covering coins such as Bitcoin, Litecoin, Dash, and Monero.

Genesis Mining suspended the sale of new cloud mining contracts in early 2021 and has not offered active plans since that time. Its mining infrastructure was subsequently acquired by HIVE Digital Technologies in 2022.