Everything in Observer
Mining Pools
Business Description
EMCD, founded in 2017 by Michael Jerlis, operates a global Bitcoin mining pool and integrated crypto-fintech platform incorporated in Hong Kong, with roots as one of the first industrial mining pools in Europe and a current user base spanning 120 countries.
The EMCD mining pool supports proof-of-work coins including Bitcoin (BTC), Litecoin (LTC), Dogecoin (DOGE), Ethereum Classic (ETC), Bitcoin Cash (BCH), Dash (DASH), and Kaspa (KAS). The pool operates on FPPS, PPS+, and PPLNS payout models, with a standard fee of 1.5%, reducible to 0% when rewards are retained in the platform's Coinhold savings product. Payouts process daily and coin withdrawals are free. By the end of 2025, EMCD's pool averaged 34.11 EH/s in total hashrate, representing approximately 2% of the Bitcoin network, with pool participants collectively mining 4,550 BTC during that year.
Beyond the mining pool, EMCD operates three integrated product lines. The EMCD Wallet holds more than 20 cryptocurrencies, including BTC, ETH, USDT, AVAX, POL, and DOGE, with in-app exchange functionality. Coinhold, a savings wallet, offers flexible and fixed-term deposits from 30 to 360 days at rates up to 14% APR, with daily interest accrual, compounding, and auto-transfer from mining payouts. The P2P marketplace enables direct trading across more than 10 cryptocurrencies and 12-plus fiat currencies at zero platform fee, with all counterparties subject to identity verification.
As of 2025, EMCD counted more than 400,000 registered users and approximately 66,500 active miners. It employs 320 professionals across 27 countries and localizes its platform in 25 languages. Server clusters operate across Europe, Asia, North America, and the Middle East, providing geo-distributed infrastructure to reduce miner latency. EMCD reports nine years of uninterrupted operation with no recorded loss of user funds.
EMCD ranks among the top seven Bitcoin mining pools globally by hashrate and has described itself as the largest such pool in Eastern Europe. In 2025, it received the "Best Mining Pool" award at the Crypto Awards and was named "Crypto Mining Pool of the Year" at the FinanceFeeds Awards. EMCD participated in 60-plus industry events in 2025, including TOKEN2049 and Mining Disrupt. Founder and CEO Jerlis, cited by Investing.com among the top crypto entrepreneurs under 35, has launched 12 products within the EMCD ecosystem, from the core mining pool to a B2B payment processing suite targeting institutional and commercial clients.
