Everything in Observer
Distributors
Business Description
UMINERS, founded in 2017 in Guangzhou, China as a spinoff of UASIA GROUP, distributes ASIC mining hardware and provides colocation hosting services. The company has offices across Asia, the Middle East, Africa, and North America and serves more than 7,000 corporate and private investor clients.
UMINERS holds official distributor status for Bitmain and MicroBT, the two largest ASIC manufacturers by market share, and moves more than 5,000 devices per month, totaling approximately 60,000 units annually. Its hardware catalog spans Bitmain's Antminer and MicroBT's Whatsminer product lines, with direct factory-channel access enabling fulfillment of out-of-stock models via China-origin deliveries. UMINERS also sells custom mining containers and handles cross-border customs clearance as part of its turnkey logistics offering.
The company reported revenue exceeding $500 million in 2024. It has been named best mining distributor at Blockchain Life for four consecutive years (2022, 2023, 2024, and 2025), with Blockchain Life events held across Dubai and Moscow serving as the primary industry forums at which the company exhibits.
In addition to hardware distribution, UMINERS operates a hosted colocation business centered on a data center at the Addis Ababa ICT Park in Ethiopia, registered locally as Uminers Ethiopian Data Center PLC. Phase 1 of the Ethiopian facility reached 100 MW of operational capacity in late 2024, with a stated target of 175 MW before the end of 2025. The site draws on Ethiopia's hydroelectric grid. UMINERS has publicly targeted 500 MW of total African capacity and an additional 50 MW in the Middle East as longer-range milestones.
In February 2025, the company announced a partnership with Ledger, under which Ledger Enterprise's institutional self-custody platform will be integrated into UMINERS' managed hosting service to provide clients with verifiable, non-custodial Bitcoin security. In the same announcement, UMINERS disclosed a zero-interest hardware financing program; the pilot phase financed more than 15,000 mining devices against a 1,000 BTC security deposit, with cumulative pilot loans exceeding $100 million.
UMINERS maintains offices at Nimble Plaza Tower in Guangzhou, Tsim Sha Tsui Centre in Hong Kong, Tamouh Tower on Al Reem Island in Abu Dhabi, and registered entities in Delaware and Ethiopia. The company states it is active in eight countries, with South America and additional African markets identified as expansion targets. Founder and CEO Batyr Khydyrov has framed institutional financing and African infrastructure buildout as the company's primary growth drivers through the current Bitcoin halving cycle.
