Mining

Made Easy

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

Purchase Hash Power

Buy computing power that you can use to mine Bitcoin

Provide BTC Wallet Address

Select a Bitcoin wallet to deposit your mined Bitcoin into

Receive BTC Daily

Mined Bitcoin gets deposited daily

Supplybit Advantages

24/7 Support

Phone and email support around the clock

Market Insight

Receive mining breakeven analysis and mining difficulty updates

Liquidity

Ability to sell your mine to third parties at your discretion

100% Uptime

Never experience lost mining revenue due to downtime

Insurance Coverage

Comprehensive insurance that guarantees your uptime

Pause Periods

Pause anytime and incur zero operating expense during the pause

Scalability

Increase your mining capabilities quickly

Legal & Tax Resources

Peace of mind that your mine is compliant

Mine Today

No wait, you can mine today!

Customer Reviews

“Mike was very responsive and helpful answering all my questions. If this is the mining route you have decided to take, there is no better company to work with that I have found offering you the same flexibility and return on investment."

– Kent

"A quick easy setup to get us mining with zero headache as advertised! I'm impressed with how easy this was, I was expecting something to go wrong."

– Jesse

“5 out of 5! I hit my breakeven in 9 months!”

– Ryan

Our Story

As Mike built out his own cryptocurrency mining operation,
he had to overcome several challenges, such as:

 

Evaluating and buying the “right” ASIC Miners

Negotiating electricity contracts

Vetting colocation companies

Choosing a mining pool and payment structure

Finding comprehensive insurance

Managing defective miners 

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 & CEO
Mike@supplybit.io

Prior to founding Supplybit, 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. 

  • Bitmain Certified – Ant Training Academy
  • Professional Trading & Market Experience 10+ years
  • B.A. Finance & Entrepreneurship (Concentration in Alternative Investments) – University of Dayton

Mike Groff

Founder & CEO
Mike@supplybit.io

Prior to founding Supplybit, 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. 

  • Bitmain Certified – Ant Training Academy
  • Professional Trading & Market Experience 10+ years
  • B.A. Finance & Entrepreneurship (Concentration in Alternative Investments) – University of Dayton

Wes Decatur

CFO
Wesley@supplybit.io

Wes Decatur joined Supplybit shortly after its inception as the Company’s CFO. Prior to Supplybit, Wes gained international experience and expertise in sell-side and buyside M&A as well as raising capital for privately-held companies. As Vice President with Dresner Partners, a middle-market investment bank, his clientele were across a breadth of industries including technology, industrials, food & beverage, healthcare, as well as consumer retail. Before Dresner Partners, Wes spent 2+ years with Periculum Capital, an Indianapolis-based investment bank, and 3+ years with Westbridge Investments, a Hong-Kong-based private equity fund. 

  • Investment Banking/Private Equity Professional for 10+ years
  • M.B.A. Finance – University of Dayton
  • B.A. Finance & Accounting – University of Dayton
  • CFA Level II; FINRA Series 63, 79 and 82

Wes Decatur

CFO
Wesley@supplybit.io

Wes Decatur joined Supplybit shortly after its inception as the Company’s CFO. Prior to Supplybit, Wes gained international experience and expertise in sell-side and buyside M&A as well as raising capital for privately-held companies. As Vice President with Dresner Partners, a middle-market investment bank, his clientele were across a breadth of industries including technology, industrials, food & beverage, healthcare, as well as consumer retail. Before Dresner Partners, Wes spent 2+ years with Periculum Capital, an Indianapolis-based investment bank, and 3+ years with Westbridge Investments, a Hong-Kong-based private equity fund. 

  • Investment Banking/Private Equity Professional for 10+ years
  • M.B.A. Finance – University of Dayton
  • B.A. Finance & Accounting – University of Dayton
  • CFA Level II; FINRA Series 63, 79 and 82

Ryan Rossi

CTO
Ryan@supplybit.io

Ryan joined Supplybit in April 2021 as the Company’s CTO and is responsible for overseeing and managing Supplybit’s mining infrastructure and equipment. Prior to Supplybit, Ryan worked as an electrical engineer at Underwriters Laboratories (UL), a global safety science leader. He held positions as Project Engineer and Hazardous Locations Product Specialist. During his 7+ year tenure with UL, Ryan helped lead the company’s UL Hazardous Locations Panel Program, giving presentations and providing training to numerous companies across the world as well as to offshore oil platforms to conduct product evaluations. 

  • Bitmain Certified – Ant Training Academy
  • Bachelor of Electrical Engineering – University of Dayton
  • Hazardous Locations Expertise: U.S./Canada Class I and Class II Division 2, Zone 2, and Zone 22 systems, ATEX and IECEx.
  • Technical Standards Expertise: UL 121201, UL 60079-0, UL 60079-7, UL 60079-15, UL 60079-31, CSA 213, CSA 60079-0, CSA 60079-7, CSA 60079-15, CSA 60079-31, EN  60079-0, EN 60079-7, EN 60079-15, EN 60079-31, IECEx 60079-0, IECEx 60079-7, IECEx 60079-15, IECEx 60079-31, and NFPA 496

 

    Ryan Rossi

    CTO
    Ryan@supplybit.io

    Ryan joined Supplybit in April 2021 as the Company’s CTO and is responsible for overseeing and managing Supplybit’s mining infrastructure and equipment. Prior to Supplybit, Ryan worked as an electrical engineer at Underwriters Laboratories (UL), a global safety science leader. He held positions as Project Engineer and Hazardous Locations Product Specialist. During his 7+ year tenure with UL, Ryan helped lead the company’s UL Hazardous Locations Panel Program, giving presentations and providing training to numerous companies across the world as well as to offshore oil platforms to conduct product evaluations.

    • Bitmain Certified – Ant Training Academy
    • Bachelor of Electrical Engineering – University of Dayton
    • Hazardous Locations Expertise: U.S./Canada Class I and Class II Division 2, Zone 2, and Zone 22 systems, ATEX and IECEx.
    • Technical Standards Expertise: UL 121201, UL 60079-0, UL 60079-7, UL 60079-15, UL 60079-31, CSA 213, CSA 60079-0, CSA 60079-7, CSA 60079-15, CSA 60079-31, EN  60079-0, EN 60079-7, EN 60079-15, EN 60079-31, IECEx 60079-0, IECEx 60079-7, IECEx 60079-15, IECEx 60079-31, and NFPA 496

     

    Kevin Kiss

    Chief Sales & Marketing Officer
    Kevin@supplybit.io

    Kevin joined Supplybit in the fall of 2021 as the company’s CSMO and is responsible for planning, developing and executing Supplybit’s marketing and advertising, as well as new business.

    Prior to Supplybit, Kevin worked as an Account Manager for the Cleveland Indians Baseball Co., working with, servicing and retaining key stakeholders. During his 8+ year tenure with the Indians, Kevin helped lead the company’s service initiatives, Season Ticket Membership communications and marketing, as well as overseeing a team of Client Service Specialists.

    • Professional sales, client relations/retention and marketing experience 10+ years
    • Serviced and retained over 5,000 accounts worth more than $50 million in an MLB setting
    • B.A. Sports Marketing – The Ohio State University

      Bob Keller

      Director of Operations
      Bob@supplybit.io

      Bob joined Supplybit in the winter of 2022 as the company’s Director of Operations and oversees logistics and processes of our state-of-the-art warehouse in Ohio. Bob is responsible for managing the operations of the in-house lab technician center, board and consolidation team, ultrasonic cleaning infrastructure, as well as heading shipping and receiving.

      Prior to Supplybit, Bob worked in the automotive industry for 10+ years, facilitating and managing day-to-day operations of a multi-million-dollar company, demonstrating tremendous leadership and pride in the logistics side of the business.

      • Professional logistics, client relations, and management experience 10+ years
      • Extensive knowledge in all aspects of supply chain management, ensuring the flow of raw materials and final products from suppliers to retailers and customers

      Kevin Kiss

      Chief Sales & Marketing Officer
      Kevin@supplybit.io

      Kevin joined Supplybit in the fall of 2021 as the company’s CSMO and is responsible for planning, developing and executing Supplybit’s marketing and advertising, as well as new business.

      Prior to Supplybit, Kevin worked as an Account Manager for the Cleveland Indians Baseball Co., working with, servicing and retaining key stakeholders. During his 8+ year tenure with the Indians, Kevin helped lead the company’s service initiatives, Season Ticket Membership communications and marketing, as well as overseeing a team of Client Service Specialists.

      • Professional sales, client relations/retention and marketing experience 10+ years
      • Serviced and retained over 5,000 accounts worth more than $50 million in an MLB setting
      • B.A. Sports Marketing – The Ohio State University

      Bob Keller

      Director of Operations
      Bob@supplybit.io

      Bob joined Supplybit in the winter of 2022 as the company’s Director of Operations and oversees logistics and processes of our state-of-the-art warehouse in Ohio. Bob is responsible for managing the operations of the in-house lab technician center, board and consolidation team, ultrasonic cleaning infrastructure, as well as heading shipping and receiving.

      Prior to Supplybit, Bob worked in the automotive industry for 10+ years, facilitating and managing day-to-day operations of a multi-million-dollar company, demonstrating tremendous leadership and pride in the logistics side of the business.

      • Professional logistics, client relations, and management experience 10+ years
      • Extensive knowledge in all aspects of supply chain management, ensuring the flow of raw materials and final products from suppliers to retailers and customers

       

        Mary Jo Ochotorena

        Director of Human Resources & Public Relations
        Maryjo@supplybit.io

        Mary Jo joined Supplybit in January 2022 as the company’s Director of Human Resources and Public Relations. Prior to Supplybit, Mary Jo owned her own business for 8+ years as a performance coach, spiritual healer, and personal consultant to clients worldwide. This work entailed teaching others how to form new productive habits and break old destructive habits. More importantly, she helped her clients improve their reactions to adversity and surpass their preconceived potentials.

        As Director of Human Resources and Public Relations, she is able to utilize her skillset and coaching experience to help Supplybit’s team perform at the highest level.

        • Reiki Master Teacher and Herbalist
        • Certified in Meditation, Bengston Method, and Akashic Records

        Jay Valikodath

        Head of Institutional Sales
        Jay@supplybit.io

        Jay Valikodath joined Supplybit in the summer of 2022 as the Head of Institutional Sales. Jay is responsible for identifying and building relationships with institutional clients and onboarding them to Supplybit.

        Prior to joining Supplybit, Jay had 8+ years of professional sales and capital markets experience, working for a global stock exchange and market data provider. During his sales tenure, Jay sold fundamental and alternative datasets to hedge funds, proprietary trading firms, family offices, and asset management firms. Jay has built, managed, and grown over $25 million of global capital markets clients.

        • B.A. Finance – Western Michigan University

        Mary Jo Ochotorena

        Director of Human Resources & Public Relations
        Maryjo@supplybit.io

        Mary Jo joined Supplybit in January 2022 as the company’s Director of Human Resources and Public Relations. Prior to Supplybit, Mary Jo owned her own business for 8+ years as a performance coach, spiritual healer, and personal consultant to clients worldwide. This work entailed teaching others how to form new productive habits and break old destructive habits. More importantly, she helped her clients improve their reactions to adversity and surpass their preconceived potentials.

        As Director of Human Resources and Public Relations, she is able to utilize her skillset and coaching experience to help Supplybit’s team perform at the highest level.

        • Reiki Master Teacher and Herbalist
        • Certified in Meditation, Bengston Method, and Akashic Records

        Jay Valikodath

        Head of Institutional Sales
        Jay@supplybit.io

        Jay Valikodath joined Supplybit in the summer of 2022 as the Head of Institutional Sales. Jay is responsible for identifying and building relationships with institutional clients and onboarding them to Supplybit.

        Prior to joining Supplybit, Jay had 8+ years of professional sales and capital markets experience, working for a global stock exchange and market data provider. During his sales tenure, Jay sold fundamental and alternative datasets to hedge funds, proprietary trading firms, family offices, and asset management firms. Jay has built, managed, and grown over $25 million of global capital markets clients.

        • B.A. Finance – Western Michigan University

         

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