The Evolution of Industrial Bitcoin Mining

As one of the earliest industrial Bitcoin miners, Eyal Avramovich founded MineBest with a clear mission: to engineer infrastructure capable of powering the future of decentralized finance. Nearly a decade later, he remains deeply committed to building efficient, transparent, and sustainable mining operations that stand the test of time.

A Journey from Engineering to Bitcoin

“I entered Bitcoin mining in 2016 after seeing the market’s rapid maturation and the technology’s long-term potential,” Avramovich explains. “As an electrical engineer, I knew I could raise the standard for large-scale infrastructure and make industrial-grade mining accessible to participants of any size—small or large.”

That technical foundation continues to shape MineBest’s mission: to build environments where efficiency, transparency, and accessibility define the mining experience. For Avramovich, Bitcoin represents both sound money and a reliable store of value—principles that have fueled his drive to build enduring mining infrastructure through every market cycle.

Global Operations Anchored in Texas

Today, MineBest operates two major facilities in Texas, with a combined available power capacity of approximately 400 megawatts at highly competitive rates. “Texas offers a crypto-friendly environment with clear rules and strong grid flexibility,” Avramovich notes. “Each site has its own strengths—from substation-level redundancy to modular buildouts and heat management tuned for local climate.”

When expanding internationally, MineBest follows a consistent strategy: choose jurisdictions with stable energy policy, long-term power contracts, and reliable local partners who understand compliance and engineering standards. “Our legal and compliance teams localize our policies to each jurisdiction’s requirements so we can operate responsibly and sustainably,” he adds.

Extending Access through Partnerships

Beyond its own mining operations, MineBest collaborates with partners that make industrial-grade infrastructure accessible to a broader range of participants through structured mining products.

“Our partners manage the customer-facing side, while we provide the professional hosting, uptime, and operational backbone,” says Avramovich. “Users benefit from institutional-level efficiency and transparency without needing to manage hardware or power logistics themselves.”

He emphasizes that education and realism are key: “Returns depend on Bitcoin price, network difficulty, and operational efficiency—factors that move dynamically. We help people think in Bitcoin terms and plan for cycles, not guarantees.”

Focused Vision in the Age of AI

As AI reshapes global compute demand, many miners are exploring diversification into AI and HPC data centers. Avramovich acknowledges the opportunity—but remains focused on core strengths.

“AI colocation can be a good business, but its risk-reward profile and operational DNA are different from Bitcoin mining,” he says. “For MineBest, our primary focus remains Bitcoin mining, where we continue to see significant organic growth. We’ll keep evaluating adjacent compute opportunities, but our capital allocation today favors scaling hashrate, improving efficiency per megawatt, and deepening our power market expertise.”

The Next Evolution of Mining

Following Bitcoin’s most recent halving, competition has intensified and profitability margins have tightened. Avramovich believes the next evolution of mining will reward those who think like energy companies and execute like engineers.

“The future belongs to operators who excel in three areas: power strategy, hardware lifecycle management, and software optimization,” he explains. “Mining is becoming more like advanced energy infrastructure. The winners will operate like power companies that speak Bitcoin fluently—combining energy expertise, compliance strength, and a long-term mindset.”

With a growing North American presence and a disciplined approach to global expansion, MineBest continues to evolve as a next-generation Bitcoin mining infrastructure company—anchored by engineering excellence, powered by efficiency, and guided by a clear, long-term vision.