Supplybit owns and operates its own cryptocurrency miners, and provides turnkey mining solutions for individuals and institutions.

The Supplybit team created Hedge Mining, the only true turnkey solution for both individuals and institutions to mine cryptocurrencies in the U.S. and achieve guaranteed 100% uptime.

How It Works

Supplybit Advantages

24/7 Support

100% Uptime

Scalability

Market Insight

Insurance Coverage

Legal & Tax Resources

Liquidity

Pause Periods

Mine Today

Our Mines

Product Offering

Client Benefits

Our Story

As Mike built out his own cryptocurrency mining operation, he had to overcome several challenges, such as: 1) Evaluating and buying the “right” ASIC miners; 2) Negotiating electricity contracts; 3) Vetting colocation companies; 4) Choosing a mining pool and payment structure; 5) Finding comprehensive insurance; 6) Managing defective miners and dealing with manufacturers; 7) Forecasting downtime and load shedding.  While overcoming these challenges Mike thought to himself, “there has to be an easier way!” As a result, Mike launched Supplybit.

The Supplybit team created Hedge Mining, a true turnkey solution for individuals and institutions who want to mine, but do not want to deal with all of the operational challenges. Hedge Mining is the easiest and safest way to mine Bitcoin and other cryptocurrencies, it provides you all the benefits of mining for yourself, but without the risks.

Supplybit operates multiple cryptocurrency mines across the United States and has a global reach. To support the Company’s key operations, Supplybit has assembled a diversified team of legal, tax, technology, and banking professionals with experience in the cryptocurrency industry.

The Supplybit Team strives to be an industry leader in mining and provide you with the most reliable and profitable mining solution possible.

Management Team

Mike Groff ∙ Founder & Managing Director ∙ Mike@supplybit.io

Mike launched Groff Consulting Group, a cryptocurrency hedge fund, in the Spring 2017.  Additionally, Mike has 10+ years of professional FX and Futures trading experience. He also founded the Hanley Center Alumni Association, and currently sits on the Advisory Board for MMSpire Trading Company.

 

  • Professional Cryptocurrency Trading & Market Experience 4+ years
  • B.A. Finance & Entrepreneurship – University of Dayton
  • Certificate in Alternative Investments – University of Dayton

Mike Groff

Founder & Managing Director

Mike@supplybit.io

Mike launched Groff Consulting Group, a cryptocurrency hedge fund, in the Spring 2017.  Additionally, Mike has 10+ years of professional FX and Futures trading experience. He also founded the Hanley Center Alumni Association, and currently sits on the Advisory Board for MMSpire Trading Company.

 

  • Cryptocurrency Trading & Market Experience 4+ Years
  • B.A. Finance & Entrepreneurship – University of Dayton
  • Certificate in Alternative Investments – University of Dayton

Wes Decatur ∙ Managing Director ∙ Wesley@supplybit.io

Wes Decatur joined Supplybit shortly after its inception as a Managing Director.  He has gained international experience with companies in the middle market and large corporate space across a breadth of industries including healthcare, manufacturing, industrials, retail, business services, diversified metals and mining, and technology.

 

  • Investment Banking Professional for 10+ years
  • M.B.A. Finance – University of Dayton
  • B.A. Finance & Accounting – University of Dayton

Wes Decatur

Managing Director 

Wesley@supplybit.io

Wes Decatur joined Supplybit shortly after its inception as a Managing Director.  He has gained international experience with companies in the middle market and large corporate space across a breadth of industries including healthcare, manufacturing, industrials, retail, business services, diversified metals and mining, and technology.

 

  • Investment Banking Professional for 10+ years
  • M.B.A. Finance – University of Dayton
  • B.A. Finance & Accounting – University of Dayton

Scott Hancock ∙ Chief Business Development Officer ∙ Scott.Hancock@supplybit.io

Scott brings more than 14 years of experience in driving revenue for high-tech start-up businesses and technology resellers. During this time, he has served in various senior management, consultant and business development roles for both successful start-ups and mature technology businesses. Additionally, Scott brings a deep level of expertise in the blockchain and enterprise data center sectors, having served as a long-term, trusted partner to executive IT decision-makers. During his career, Scott has generated +$40 million in revenue while creating and managing teams across new markets. Scott serves on the Board of the Blockchain and Crypto Mining Association and is a Rotary Club International member.

Scott Hancock

Chief Business Development Officer

Scott.Hancock@supplybit.io

Scott brings more than 14 years of experience in driving revenue for high-tech start-up businesses and technology resellers. During this time, he has served in various senior management, consultant and business development roles for both successful start-ups and mature technology businesses. Additionally, Scott brings a deep level of expertise in the blockchain and enterprise data center sectors, having served as a long-term, trusted partner to executive IT decision-makers. During his career, Scott has generated +$40 million in revenue while creating and managing teams across new markets. Scott serves on the Board of the Blockchain and Crypto Mining Association and is a Rotary Club International member.

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