Repairs
Business Description
RepairBit is a Cleveland, Ohio-based ASIC miner repair and maintenance company, launched in the summer of 2021 by co-founders Mike Groff (CEO) and Ryan Rossi after their own bitcoin mining operation sustained significant losses through unreliable OEM RMA programs. That experience prompted the pair to enroll in Bitmain's certified repair program before launching the business.
RepairBit operates a 60,000-plus-square-foot purpose-built facility in Cleveland (its third location since founding), staffed by more than 90 full-time employees, including over 40 chip-level lab technicians. Throughput capacity exceeds 30,000 ASICs per month, with age-testing infrastructure capable of processing more than 1,500 units per day. The lab holds manufacturer certifications from both Bitmain and MicroBT, which RepairBit describes as the largest certified ASIC repair lab in North America.
RepairBit's service menu spans five categories: hash board and chip-level repair, ASIC optimization and consolidation, immersion and ambient-air conversion, audit and procurement, and on-site bespoke services. RepairBit characterizes itself as the first to offer industrial-scale cleaning and immersion-preparation services, supported by proprietary cleaning systems developed over more than two years of internal engineering. An in-house R&D team focuses on process and tooling improvements, and RepairBit employs proprietary diagnostic hardware to standardize repair quality and accelerate throughput. All work carries a 30-day warranty.
The audit and procurement arm operates as a distinct revenue line alongside repair. In January 2025, Nasdaq-listed Gryphon Digital Mining (GRYP) publicly disclosed the acquisition of 1,900 Antminer S19j Pro series units through RepairBit at a 20% discount to Hashrate Index market rates, with an extended warranty attached. The transaction expanded Gryphon's fleet by roughly 22%, from approximately 8,500 to 10,400 machines, and was cited in the company's SEC-filed 8-K. Evertas, the crypto-asset insurer, has separately identified RepairBit as a partner in public communications.
Groff's prior roles include positions at Gelber Group and The GCG Fund, and he co-founded Bitsure, a cryptocurrency mining insurance platform acquired by Evertas in July 2023. He also operates Supplybit LLC, a related hardware supply entity; industry aggregator data places combined annual revenue across RepairBit and Supplybit above $40 million, though neither company discloses audited financials.
RepairBit's Cleveland siting reflects Ohio's logistics infrastructure: access to major highway corridors, air cargo, rail, and Great Lakes shipping, alongside the state's supportive regulatory environment for crypto and technology businesses. RepairBit partners with local halfway houses and community colleges to recruit and train entry-level technicians, integrating workforce development into its staffing model. RepairBit serves both publicly listed and private mining operators across North America, with the Gryphon transaction representing one of the most publicly documented examples of its combined repair, procurement, and warranty-backed resale capabilities.