Blockware Solutions

Blockware Solutions, established in 2017, operates as a key infrastructure and service provider in the Bitcoin mining ecosystem. The company was founded by Mason Jappa, Sam Chwarzynski, and the late Mathew D'Souza with the mission of increasing the Bitcoin mining hashrate in the United States, at a time when it constituted less than 1% of the global total. D'Souza, a passionate advocate for blockchain, passed away in 2020, but his vision continues to guide the firm. Jappa, now CEO, began his journey by building a small Ethereum and Bitcoin mining operation after identifying a lack of transparency and trust in sourcing equipment. Chwarzynski, the CIO, brings a background in proprietary foreign exchange trading and a degree from the Wharton School of Business.

The firm's business model is vertically integrated, addressing various needs within the cryptocurrency mining supply chain. Revenue is generated through several channels, including the sale of ASIC mining rigs procured directly from manufacturers and through a peer-to-peer secondary market. Since its founding, Blockware has sold over 400,000 miners. Another core service is providing colocation and hosting for mining rigs in its U.S.-based data centers, including a significant facility in Kentucky. This allows clients to purchase and operate miners without managing the physical infrastructure. In 2023, the company launched the Blockware Marketplace, a platform for buying and selling live, hosted miners, with transactions recorded on the Bitcoin blockchain for transparency.

Blockware Solutions offers a suite of products and services designed for a range of clients, from individuals entering the market to large-scale mining operations. The company's flagship "Mining as a Service" (MaaS) offers a turnkey solution where clients can instantly purchase and operate a hosted miner, with Blockware managing setup, maintenance, and operations. For institutional clients and the broader market, the company's research arm, Blockware Intelligence, provides in-depth analysis and reports on the Bitcoin ecosystem, which have been widely circulated. The company also operates a Bitcoin mining pool, which allows miners to combine their computational power and share in the rewards. Beyond Bitcoin, Blockware has diversified by running validator nodes for other protocols and is exploring high-performance computing (HPC) applications.

Keywords: Bitcoin mining, ASIC hardware, mining rig colocation, cryptocurrency infrastructure, hashrate provider, Mining as a Service (MaaS), digital asset services, blockchain infrastructure, mining pool, hardware procurement, peer-to-peer ASIC market, turnkey mining, crypto mining research, Blockware Intelligence, validator nodes, data center hosting, North American mining, cryptocurrency hardware sales, professional mining, Bitcoin ecosystem