River Financial
River Financial is a Bitcoin-only financial institution founded in 2019, headquartered in San Francisco, California. The company provides brokerage, custody, Lightning Network access, and historically offered managed Bitcoin mining services (River Mining launched 2021-2022). River Mining allowed clients to purchase miners (e.g., Antminer S19j Pro) with River handling procurement, U.S.-based hosting, pool integration, and maintenance, depositing 100% of mined Bitcoin to client accounts (zero pool fee in early years). The service was sold out by 2023, with no current mining offerings evident. River emphasizes security, simplicity, and long-term Bitcoin wealth building, with features like zero-fee recurring buys, inheritance planning, and institutional tools. The company has raised significant funding (e.g., $17.5M Series A in 2021 led by Goldcrest Capital) and focuses on client-first Bitcoin financial products.
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June 2026 Bitcoin Mining & AI Infrastructure Update: Kevin O’Leary scales back massive Utah AI project after political backlash, MARA transforms with $1.5B Ohio power plant acquisition, Bitdeer breaks ground on 100 MW Alberta gas-powered site, IREN accelerates Nvidia AI pivot, DMG signs 50 MW AI colocation LOI, plus regulatory moves in North Carolina, Riot patent lawsuit, Strategy’s $10.8B unrealized loss, and Cathie Wood’s $1.5M BTC target.
