🏢 Company
OverviewNiceHash is a cryptocurrency-focused mining and trading platform that provides hash marketplaces, mining software, and payment solutions to accelerate the global adoption of Bitcoin. The company is known for its innovative hashrate trading marketplace and user-friendly mining tools, serving millions of users around the world.
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Thefull name of the basic information
The full name is NiceHash.
Name of sub-parent company:
NiceHash has no publicly disclosed parent company information, and is an independent operating entity. According to PitchBook and Crunchbase data, the company did not mention any subsidiaries, but its business ecosystem includes several functional modules, such as the NiceX exchange and the NiceHash Pay payment service.
Founded in
2014, NiceHash was founded by two Slovenian university students, Matjaž Škorjanc and Marko Kobal.
Registered National
Company is registered in the British Virgin Islands.
The registered
address of the head office in English is: Road Town, Tortola, British Virgin Islands.
The operational headquarters is located in Maribor, Slovenia, Radvanjska cesta 128, Maribor, Slovenia.
StatusNiceHash is currently active, supporting more than 250,000 daily active miners with a global footprint.
BackgroundFounded
in 2014 by Matjaž Škorjanc and Marko Kobal, NiceHash was initially positioned as an open marketplace that connects buyers and sellers of computing power. The platform allows users to mine cryptocurrencies by leasing or selling computing power, lowering the technical threshold for mining. In December 2017, NiceHash suffered a hack that resulted in the loss of about 4,700 BTC (worth about $64 million at the time), which led to the resignation of then-CEO Marko Kobal. Since then, the company has quickly resumed operations and repaid 60% of the stolen bitcoin in 2018, demonstrating strong crisis management capabilities. In 2021, the U.S. Department of Justice charged the North Korean hacking group Lazarus with being responsible for the attack.
Registered
CapitalNiceHash does not publicly disclose registered capital information, and as a private company registered in the British Virgin Islands, its financial details are usually not publicly available.
Key executive background
Matjaž Škorjanc (co-founder): Former medical student, turned computer programmer, who was sentenced for creating the Mariposa malware, was detained in Germany for eight months in 2019, and has a somewhat controversial background.
Marko Kobal (Co-Founder, Former CEO): Resigned as CEO after the 2017 hacking incident, and has no public information about his executive role.
Current executives: The company has not publicly disclosed information about its current CEO or other executives, and Andrej Skraba, the former head of marketing, left in 2023 to join Paralink Networks.
Advisory
TeamNiceHash does not publicly disclose information about its advisory team, which may be due to its private company nature or business model that does not require external advisors.
EntrepreneurshipNiceHash's entrepreneurial spirit is reflected in its innovative computing market model, which allows ordinary users to participate in mining through the sharing economy, lowering the barriers to entry in the industry. Founders Matjaž Škorjanc and Marko Kobal were keen to grasp the potential of the cryptocurrency market while still being students, developing user-friendly mining software and trading platforms that drove the adoption of Bitcoin.
Shareholding
structureNiceHash is privately held, and the detailed shareholding structure is not disclosed. According to Crunchbase and PitchBook data, the company has not raised funds publicly, is an entity with no external investment (unfunded), and the equity may be predominantly held by the founders.
Nature of
the companyNiceHash is a private company with a for-profit focus on cryptocurrency-related services.
🏭 company classification
NiceHash's industry classifications are based on the North American Industry Classification System (NAICS) and Standard Industry Classification (SIC):
NAICS code: 511210 (software publishers) or 522320 (financial transaction processing, reserve and clearing services), reflecting its software development and financial services attributes.
SIC code: 7372 (prepackaged software) or 7374 (data processing and preparation).
The company's main business involves blockchain, cryptocurrency and financial technology (FinTech), and it is a technology-driven enterprise.
📊 Market segmentation
NiceHash is positioned in the global cryptocurrency market, with specific market segments including:
cryptocurrency mining: providing mining software and computing power rental services for individual and institutional miners.
Computing power trading market: connecting buyers and sellers of computing power to form a sharing economy model.
Cryptocurrency exchanges: NiceX provides trading services for Bitcoin and other cryptocurrencies.
Payment solutions: NiceHash Pay supports Bitcoin payments for merchants and e-commerce.
The market covers North America, Europe, Asia and other places, and has a wide international user base.
🛠️
serviceNiceHash offers the following core services:
mining software: NiceHash Miner, an easy-to-use mining client that supports a wide range of cryptocurrencies.
Computing power market: Users can buy or sell computing power, support the European and American markets, and have proxy servers in Asia (Tokyo, Hong Kong).
NiceX Exchange: offers trading in Bitcoin and other cryptocurrencies with professional trading tools.
NiceHash Pay: Bitcoin-based payment solution that allows merchants to integrate cryptocurrency payments.
EasyMining: A low-barrier mining service for beginners that allows users to participate in mining at a low cost.
Lightning Network Support: Provides instant, low-cost Bitcoin payments and settlement of mining yields, processing over 1,800 transactions per week.
📜 Regulatory information
As a cryptocurrency platform, NiceHash is subject to the financial regulatory framework of the British Virgin Islands, but the disclosure of specific regulatory information is limited:
Regulatory license number: The specific license number is not disclosed, and the regulatory requirements for cryptocurrency companies in the British Virgin Islands are relatively lenient and may not require a specific financial license.
Regulated: British Virgin Islands Financial Services Commission (BVI Financial Services Commission).
Regulatory Effective Date: Complying with the BVI Business Companies Act since the company was incorporated in 2014.
Due to regulatory differences in the cryptocurrency industry, NiceHash may be subject to additional Anti-Money Laundering (AML) and Know Your Customer (KYC) requirements in some jurisdictions, but this is not specifically disclosed.
💱 trading products
NiceHash supports the following trading products:
Bitcoin (BTC): core trading and payment assets.
Other cryptocurrencies: A variety of mainstream cryptocurrencies such as Ethereum (ETH), Alephium, and more are supported through the NiceX exchange.
Hashrate Contracts: Fixed-price and auction-style hashrate leasing contracts are available, and buyers can purchase hash power on demand.
📱 trading software
NiceHash provides the following trading and mining software:
NiceHash Miner: Mining software that supports Windows and Linux systems and automatically optimizes the distribution of computing power.
NiceX Trading Platform: Web-based and mobile-based cryptocurrency exchange with real-time trading and professional analysis tools.
NiceHash Mobile App: iOS and Android apps that provide mining monitoring, trading, and wallet management.
💸 Deposit and withdrawal methods
Deposit method:
cryptocurrency deposit: support Bitcoin and other mainstream cryptocurrencies, transfer through wallet address.
Fiat Currency Deposits: Support fiat currency deposits such as Euros through the NiceX exchange (KYC verification required).
Withdrawal Method:
Cryptocurrency withdrawal: Users can withdraw their earnings to an external wallet and support instant payments on Lightning Network.
Fiat currency withdrawals: Some regions support bank transfers to withdraw euros.
Fees: A 3% transaction fee is charged for hashrate transactions, and withdrawal fees fluctuate according to network conditions.
📞 customer support
NiceHash offers multi-channel customer support:
online help center: the official website offers FAQs, tutorials, and troubleshooting guides.
Email support: Contact the technical team via support@nicehash.com.
Social Media: Twitter (@NiceHashMining) and LinkedIn provide real-time updates and interactions.
Community Forums: Reddit and Discord communities provide users with a platform to communicate.
Support languages include English, and the response time is usually 24-48 hours.
🔑 Core business and services
NiceHash's core business revolves around the following areas:
Hash Marketplace: the world's largest hash power trading platform, connecting more than 250,000 daily active miners.
Mining services: Lowering the barrier to entry for mining with EasyMining and NiceHash Miner to support beginners and professional users.
Trading services: NiceX Exchange offers an efficient cryptocurrency trading experience.
Payment Solution: NiceHash Pay drives the adoption of Bitcoin in business scenarios.
Together, these services form a complete Bitcoin ecosystem that covers mining, trading, and payments.
🖥️ Technical infrastructure
NiceHash's technical infrastructure includes:
hashrate marketplace platform, which supports high-concurrency transactions and covers servers in Europe, the United States and Asia.
Mining software: NiceHash Miner developed based on C++ and Python, which supports multi-algorithm mining.
Lightning Network: Integrates with the Bitcoin Lightning Network for fast, low-cost payment processing.
Security measures: Multi-signature wallets, cold storage, and DDoS protection are used to ensure the safety of user assets.
The company continues to optimize server performance and reduce the rejected speed of computing power transactions.
⚖️ Compliance and risk control system
Compliance measures:
comply with the BVI Business Companies Act and may implement KYC/AML policies to meet international requirements.
After the 2017 hack, NiceHash strengthened its compliance processes, including user authentication and transaction monitoring.
Risk control system:
asset security: More than 90% of user assets are stored in cold wallets, reducing the risk of hacker attacks.
Transaction Monitoring: Detect anomalous transactions in real-time to prevent money laundering and fraud.
Data privacy: Comply with GDPR (European Union General Data Protection Regulation) to protect user data.
📈 Market positioning and competitive advantage
Market positioning:
NiceHash is positioned as the world's leading cryptocurrency mining and computing power trading platform, serving retail users and institutional customers, emphasizing ease of use and efficiency.
Competitive Advantage:
User-friendliness: NiceHash Miner and EasyMining have lowered the technical barrier to entry for mining.
Global coverage: Supports multi-region servers and serves more than 250,000 daily active users.
Innovative model: The computing power market adopts the concept of sharing economy to connect buyers and sellers.
Ecological integrity: Integrate mining, trading, and payment services to form a closed-loop ecosystem.
Major competitors include BITMAIN, Core Scientific, Bitdeer, and others, but NiceHash is uniquely positioned for its hashrate market model.
🤝 Customer support and enablement
NiceHash empowers customers by:
educational resources: mining tutorials, blockchain knowledge base, and market analysis.
Developer support: Open API that allows developers to integrate with NiceHash services.
Community Events: Host the NiceHashX Bitcoin Conference to promote industry exchanges.
Feedback mechanism: Collect user opinions through social media and surveys to continuously improve the service.
🌍 Social Responsibility and ESG
Environmental:
NiceHash does not disclose specific environmental protection measures, but its cloud mining model reduces hardware waste through computing power sharing, which may indirectly reduce energy consumption.
Social:
promote the popularity of Bitcoin and lower the barrier to entry in the cryptocurrency industry.
Host industry conferences, such as the NiceHashX conference, to promote blockchain education.
Governance:
strengthen compliance with international anti-money laundering and data protection regulations.
After the 2017 hacking incident, compensation was handled openly and transparently to enhance governance trust.
🤲 Strategic cooperation ecosystem
NiceHash has established strategic partnerships with several companies:
Compass Mining (April 2025): Partnering to offer discounted mining pool fees.
M2 Bespoke (March 2025): Launched a Bitcoin-based USDT lending service.
Marathon Digital Holdings (June 2024): Joint development of new mining rig firmware.
Mastercard: Participate in the "255 to the Moon" conference to showcase cryptocurrency solutions.
These collaborations have strengthened NiceHash's market presence in the mining and payments space.
💰 Financial health
NiceHash is privately held and has undisclosed detailed financial data:
revenue:P itchBook estimates that the company's annual revenue is not disclosed, but supports 250,000 daily active users indicating a stable cash flow.
Financing: No external financing has been obtained, relying on its own funds to operate.
Solvency: After the 2017 hack, 60% of the stolen bitcoins were successfully repaid, showing some financial resilience.
Due to the BVI's privacy policy, specific financial health information is limited.
🚀 future roadmap
NiceHash's future development plans include:
technology upgrades: continue to optimize the performance of mining software and hash power market, and support more cryptocurrencies.
Payment Extensions: Promote NiceHash Pay and increase the use of Bitcoin in retail and e-commerce.
Market Expansion: Strengthen localization services and expand user base in Asia and North America.
Industry Cooperation: Deepen collaboration with blockchain companies through events such as the NiceHashX conference.
