Crypto
Cryptocurrency Leader Elevates Mining Economics With Innovative Solutions | Entrepreneur
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When it comes to the cryptocurrency mining industry, Max Matrenitski has built a reputation as a leader in reshaping the industry’s economics. His career has taken him from a small town in Siberia to Berlin, where he founded Cyberian Mine GmbH. Matrenitski is creating new opportunities for investors and addressing some of the industry’s biggest challenges by introducing innovative platforms like Cyberian Mine and Everminer.io.
“Bitcoin mining should be as accessible as any other form of investing,” he says. “It should not just be for big corporations with huge resources. The goal is to create opportunities for everyone while keeping sustainability at the center.”
A Journey from Siberia to Berlin
Max Matrenitski’s path to leadership began in a small Siberian town where he excelled in mathematics. After earning a degree in computer engineering from Irkutsk State Technical University, he pursued post-graduate studies in management through Russia’s Presidential Program. His early ventures included IT startups, which provided the foundation for his later work.
In 2016, he moved to Berlin and was struck by the high energy costs. This inspired him to create Cyberian Mine, a company that connects miners in Germany with Siberia’s renewable hydropower resources. This approach cut operational costs and introduced a more sustainable model for Bitcoin mining.
Making Mining Accessible
Cyberian Mine allows small-scale investors and enthusiasts to mine Bitcoin using industrial-level efficiency. The platform offers features such as lifetime warranties, automatic failover systems, and daily public performance statistics. It also provides an internal marketplace where users can easily buy, sell, or exit their investments through instant buyback options.
“Transparency builds trust,” Max Matrenitski says. “We ensure confidence and accountability by sharing performance statistics daily and tying investments to renewable energy, ” Cyberian Mine’s reliance on Siberian hydropower addresses cost concerns. It tackles the environmental challenges often associated with cryptocurrency mining.
Changing the Mining Contracts
In 2024, Max Matrenitski expanded his efforts by launching Everminer.io, a platform based in the United States. It offers prepaid Bitcoin mining contracts, allowing users to make a one-time payment for a lifetime stream of passive Bitcoin income. A key feature of Everminer.io is the flexibility for users to sell their “Everhashes” at any time, which provides liquidity and simplifies the mining process.
“Everminer.io is designed to make Bitcoin mining as straightforward as using any well-built web service,” he says. “It is about providing lifetime value with as little complexity as possible.”
While some analysts question the long-term viability of prepaid mining contracts, Max Matrenitski is confident in the model. “Our focus on efficiency and sustainability mitigates risks and ensures long-term success,” he says.
The Bitcoin mining industry is experiencing both growth and challenges. Global hash rates are climbing, and Bitcoin recently reached a milestone price of over $100,000. However, the energy consumption of mining operations remains a contentious issue, with the industry using approximately 160 terawatt-hours of electricity annually.
Becoming A Global Thought Leader
In addition to his business ventures, Max Matrenitski is an established thought leader in cryptocurrency. He is a member of the Mensa High-IQ society, speaks five languages, and has participated in global forums such as the Horasis Global Meeting, where he served as a panelist on economics.
“Bitcoin is more than just a financial tool,” he says. “It is a way to empower people economically. I aim to make it available to everyone, not just a select few.
Max Matrenitski predicts that Bitcoin mining will become inclusive, transparent, and environmentally responsible in the future. His platforms set a standard for how the industry can operate sustainably while remaining accessible to many investors.
“As the industry evolves, we need to balance profitability with responsibility,” he says. “Innovation is the key to meeting these challenges.”
Max Matrenitski has built a career on finding innovative solutions to complex problems. With Cyberian Mine and Everminer.io, he is redefining how Bitcoin mining operates, making it more accessible and sustainable for investors worldwide. His efforts demonstrate what is possible when technology, business acumen, and a commitment to transparency come together.
“Bitcoin mining is not just about generating currency,” he says. “It is about creating opportunities for people and contributing to a more sustainable future.”
Crypto
Peter Schiff Rejects ‘Correction’ Talk, Declares Bitcoin and Ether Deep in Bear Territory
Crypto
Robinhood’s Q3 trading revenue jumps 129% YoY, ‘primarily driven by cryptocurrency revenue’
Shares of Robinhood’s stock, ticker HOOD, were up over 4.15% at market close on Wednesday after the U.S.-based brokerage posted third-quarter gains. The firm saw transaction-based revenues jump 129% year-over-year to $730 million, “primarily driven by cryptocurrencies revenue,” according to the earnings report.
Crypto revenue was up over 300% in Q3 to $268 million. Options revenues, Robinhood’s largest revenue source, were up about 50% to $304 million, while equities trading revenue increased 132% to $86 million.
“Q3 was another strong quarter of profitable growth, and we continued to diversify our business, adding two more business lines — Prediction Markets and Bitstamp — that are generating approximately $100 million or more in annualized revenues,” Chief Finance Officer Jason Warnick said in a release.
In total, Robinhood’s total revenue came in at $1.27 billion, more than the $1.19 billion expected, while earnings per share came in at $0.61, ahead of estimates around $0.53, according to CNBC projections.
This is compared to Robinhood’s Q2 gains, which saw crypto trading volume increase 32% year-over-year to $28 billion and transaction-based cryptocurrencies revenue climb 98% to $160 million.
Meanwhile, the number of funded customers on Robinhood increased by 2.5 million year-over-year to a record 26.8 million in Q3, corresponding with “total platform assets” growing nearly 120% to a record $333 billion.
Of note, Robinhood has been working to increase its footprint in the European market, including through its acquisition of Bitstamp, a deal closed in June that enabled it to roll out crypto perps across the EU, and a partnership with Arbitrum to launch over 400 Stock Tokens mirroring U.S. equities.
The firm also acquired the Canada-based WonderFi exchange in an all-cash $179 million deal in Q2 2025.
Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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