Abundant Mines took home the first-ever Satos Award for Mining & Energy at Bitcoin Conference 2026 this week. The bitcoin-only awards, decided by public nominations and voting, picked the U.S. firm for its combination of rapid growth and a transparency-first hosting model. Abundant Mines runs on low-cost hydroelectric power in the Pacific Northwest — and its clients keep 100% of the Bitcoin their machines mine.
A bitcoin-only award with public voting
The Satos Awards are new this year, and they're strictly bitcoin — no tokens, no proof-of-stake projects. Anyone could nominate a company, and the community voted. That setup makes the win a direct endorsement from the bitcoin mining crowd, not a panel of insiders. Heather Richmond, founder and executive producer of the awards, presented the trophy.
From seven employees to 25, and six mining sites
Abundant Mines' growth numbers are hard to miss. Revenue jumped 946% from 2023 to 2024, then another 333% from 2024 to 2025. The company went from seven employees to 25 heading into 2026. It expanded from one mining site to six active facilities, with a seventh site already scheduled to come online in Q2 2026. That kind of scaling usually comes with growing pains, but the company's approach seems to be working.
Hashrate Redirect and site tours
One thing that likely helped with the award: Abundant Mines offers a Hashrate Redirect system that shifts hashrate from its own fleet to cover a client's downtime. That's a concrete backstop for customers who worry about outages eating into their production. The company also runs monthly site tours — anyone can drop in and see the machines running. It's the kind of transparency that's still rare in hosted mining.
Abundant Mines isn't stopping at hydroelectric hosting. Future plans include behind-the-meter power generation, renewable-powered infrastructure, and hydro-cooled mining systems. The company also wants to launch community programs that lower local power costs and repurpose the heat from mining operations. The seventh site, due this quarter, will be the first test of some of those ideas.
