Rhodium is a technology company that mines bitcoin
Efficiency & Control
Software & Infrastructure Technology
Risk Management & Capital Allocation
Greater Efficiency & Control
Proprietary Infrastructure & Technology
Low-Cost & Sustainable Power
Efficiency & control
We believe technology enables better control and efficiency in our operations.
Software & Infrastructure Technology
We believe operational performance optimization requires both software and infrastructure technologies.
Risk Management & Capital Allocation
We believe financial discipline, risk management and strategic capital allocation are core pillars to achieving long-term financial and environmental sustainability.
We believe Rhodium’s use of technologies, capital allocation strategies and risk management techniques may provide optimized performance.
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Security & Control
Economies of Scale
Strategically Located in Texas
Control Costs
Risk Management
Founders
Chase Blackmon
Prior to founding our company, Mr. Blackmon and his family owned and operated Blackmon Mooring and BMS CAT (“BMS”), a disaster recovery and property restoration company founded in 1948. Mr. Blackmon began working at BMS in 2009, most recently serving as Director of National Accounts from 2015 to 2019. During his time at BMS, Mr. Blackmon managed numerous large-scale projects. Mr. Blackmon has extensive experience applying innovative technologies to the bitcoin mining industry and managing large-scale field projects.
Nicholas Cerasuolo
Prior to founding our company, Mr. Cerasuolo operated Blockchain Tax Partners, a full service cross-border tax strategy firm specializing in cryptocurrency transactions. Prior to his time at Blockchain Tax Partners, Mr. Cerasuolo spent over 11 years in public accounting at Deloitte Tax LLP and Pricewaterhouse Coopers LLP. Mr. Cerasuolo specializes in cross-border investment strategies, with deep expertise in financial technology (“fintech”), cryptocurrency, and blockchain. Mr. Cerasuolo has significant operational experience with regards to legal entity structuring and architecting structured financial products for investors. Mr. Cerasuolo has advised on over 200 venture capital/private equity transactions ranging from $5 million to $7 billion throughout his career. Additionally, Mr. Cerasuolo has advised on hundreds of fintech transactions across a client portfolio of more than 100 operating companies and/or funds. Mr. Cerasuolo is a Certified Public Accountant.
Nathan Nichols
Prior to founding our company, Mr. Nichols was the Vice President of Business development at a liquid-cooling company, where he brokered mining infrastructure deals, built meaningful relationships with the executives of hardware manufacturers, and advised private equity funds involved in bitcoin mining. From 2017 to 2019, Mr. Nichols created and operated a cryptocurrency accounting and tax preparation company. Mr. Nichols currently serves on the board of directors of the Texas Blockchain Council and is the Chairman of the Mining Committee.
Cameron Blackmon
Cameron Blackmon is the Chief Technology Officer (“CTO”) of Rhodium. Mr. Blackmon is a co-founder and has served as the CTO since its inception.
Who We Are
Rhodium is a founder-led, Texas based, digital asset technology company utilizing proprietary tech to self-mine bitcoin. We create innovative technologies with the goal of being the most sustainable and cost-efficient producer of bitcoin in the industry.
Innovation
We believe we are one of the most efficient and low-cost, large-scale bitcoin mining companies in the world, achieved by leveraging our fully integrated infrastructure platform. Our platform includes our flagship liquid-cooling system and efficiency optimization software. The cornerstone of our system is our proprietary liquid-cooling technology. Our founders spent years developing, testing, and collecting field operational data to optimize the application of our liquid-cooling tech for mining bitcoin. Our proprietary software was designed to optimize performance of our miners and infrastructure in real-time allowing us to make quicker, data-informed decisions, securely and rapidly put miners online, and more effectively manage temperature, energy, and people.
Sustainability
We are dedicated to environmentally friendly mining of bitcoin, as we firmly believe that this will be critical to the long-term adoption and success of bitcoin. We believe our liquid-cooling technology provides us an advantage in high-heat and humidity regions such as Texas that have access to an abundance of renewable power. A key objective is to strategically locate our sites to efficiently access and utilize renewable energy. We also intend to reach 100% net carbon neutrality by the end of 2022 through these efforts and the purchase of carbon offsets.
Integrity
We operate our bitcoin mining sites in Texas and our current facility has 125 megawatts of capacity for 2021. We are also currently building a second Texas site where we expect to deploy an additional 225 megawatts of miners by the end of 2022 for a total of 350 megawatts in 2022.