Revolve Labs

Revolve Labs rebranded from Bit 49, Inc., formalizing a strategic expansion beyond hosting into machine-learning-driven energy management and compute infrastructure. Its service stack covers four lines: Bitcoin miner hosting, in-house ASIC repair, GPU/AI colocation, and a Coincident Peak Management (CPM) platform. The CPM platform uses ML models integrating real-time weather, grid conditions, and market data to help flexible energy consumers avoid transmission peak charges and reduce overall energy costs by up to 30%.

The primary operational site is a Glencoe, Minnesota facility running at approximately 20 megawatts with a reported Bitcoin hash rate of roughly 537 PH/s. The Glencoe facility has generated more than $500,000 in net annual revenue for the city's municipal utility, the Glencoe Light and Power Commission. The Colorado Springs headquarters also houses a 10,000-square-foot ASIC repair and technician training center; staff have trained technicians worldwide on behalf of Bitmain, the dominant ASIC hardware manufacturer. Both facilities carry ISO 27001 and SOC 2 Type II certification.

In mid-2024, Revolve Labs attempted to establish a second Minnesota Bitcoin mining site outside Windom, approximately 65 miles south of Mankato, projecting $35,000 per month in service fees to the city. After roughly 100 residents raised noise complaints at an August 2024 public hearing, Revolve Labs withdrew the application on September 24, 2024. Within weeks, Revolve Labs redirected capital toward the Glencoe site, announcing in October 2024 a $40 million to $60 million expansion to build one or two AI data centers on 6.2 acres of newly acquired parcels, with a dedicated power substation and approximately 10 megawatts of incremental capacity. The Glencoe City Council subsequently approved the rezoning request.

Alongside its infrastructure expansion, Revolve Labs introduced ASIC Assure, which the company describes as the first underwritten ASIC hardware insurance product. Distributed through asicassure.com, ASIC Assure offers 12-month policies on second-hand miners, targeting improved vendor liquidity and more predictable operating costs for mine operators. The product is structured to comply with financial regulations.

No external funding round figures have been publicly disclosed; the company's investor relations page describes it as profitable with strong annualized revenue growth. The Glencoe AI data center buildout, projected at up to $60 million, represents the largest publicly announced capital commitment in Revolve Labs' operating history.