Blockware Mining

Blockware Mining
IndustryCryptocurrency mining
Area served
Kentucky
ProductsBitcoin mining infrastructure
ServicesBitcoin mining

Blockware Mining was an American cryptocurrency mining company. Blockware Mining operated bitcoin mining facilities and infrastructure projects, particularly in western Kentucky. Riot Platforms acquired Blockware Mining for approximately $140 million on July 23, 2024.

Background

Blockware Mining emerged as part of a broader expansion of cryptocurrency mining in Kentucky in the early 2020s, supported by state-level tax incentives which were aimed at attracting energy-intensive industries. The company was approved for state tax incentives tied to a proposed facility in Paducah, Kentucky. Newspapers in Illinois, Indiana, and Kentucky reported on the company's role in the growth of cryptocurrency mining operations in the Ohio Valley and surrounding areas.

Industry publications reported that the company raised approximately $25 million in 2021 to expand its bitcoin mining operations and increase its computational capacity.

Public radio reporting placed Blockware among several firms contributing to the rise of cryptocurrency mining in the Ohio Valley, a development linked to regional economic transition and access to low-cost electricity.

References

  1. ↑ "Blockware Mining Announces Paducah Location | Greater Paducah Economic Development". epaducah.com. Retrieved 2026-03-30.
  2. ↑ "Continued coverage of cryptocurrency mining in western Kentucky". The Paducah Sun. Paducah, Kentucky. 2025-03-06. p. A3.
  3. ↑ "Riot Platforms, Inc. acquired Blockware Mining, LLC for approximately $140 million". MarketScreener. 2024-07-22. Retrieved 2026-09-10.
  4. ↑ Sonka, Joe (2021-06-03). "Who's getting new Kentucky tax breaks? Here's 3 of the big benefiters". Louisville Courier Journal / Lexington Herald-Leader. p. A6.
  5. ↑ "Follow-up coverage on crypto mining expansion". Metropolis Planet. Metropolis, Illinois. 2021-07-26. p. A3.
  6. ↑ "Regional developments in cryptocurrency infrastructure". Metropolis Planet. Metropolis, Illinois. 2021-07-12. p. A3.
  7. ↑ "Local coverage of cryptocurrency mining developments". Metropolis Planet. Metropolis, Illinois. 2021-06-14. p. A5.
  8. ↑ "Ongoing reporting on regional crypto mining activity". Metropolis Planet. Metropolis, Illinois. 2021-07-05. p. A5.
  9. ↑ "Cryptocurrency mining and regional economic impact". The Times. Hammond, Indiana. 2021-11-14. p. A11.
  10. ↑ "Local reporting on Blockware Mining operations". The Paducah Sun. Paducah, Kentucky. 2022-08-02. p. A2.
  11. ↑ Messamore, Wes (2021-07-01). "Blockware Mining raises $25 million to triple hash rate from Kentucky facility". Cointelegraph.
  12. ↑ Niemeyer, Liam (2022-04-25). "A new kind of 'mining' has arrived in the Ohio Valley. What will crypto mean for the region?". WKMS.