Andrii Garanin, VP of Energy Products at Hiveon and CEO of Hiveon Energy, is one of the minds behind transforming a scrappy mining software startup in 2017 into a global powerhouse that now serves over two million users across more than 180 countries.
Garanin sat down with Bitcoin News to share how Hiveon evolved from taming Ethereum rigs to becoming a Bitcoin mining juggernaut that’s helping keep power grids steady worldwide.
“Hiveon is quite famous in the crypto industry — one of the first movers that created an industrial-scale software system for mining management,” Garanin explains with a hint of pride.
It all started with Hive OS in 2017, a platform that simplified mining operations for Ethereum and other altcoins. “Then we moved on to Bitcoin,” Garanin says, describing their “pretty sophisticated platform” that now powers millions of devices.
As the industry evolved and large-scale operations demanded deeper automation, energy optimization, and fleet management, Hiveon Enterprise was born — offering advanced automated solutions designed to scale mining businesses efficiently.
Mining Made Simple
Hive OS is a miner’s dream come true. Whether you’ve got a single ASIC in your garage or a thousand GPUs in a warehouse, it allows for comprehensive remote management.
“Flight sheets” streamline setup processes, real-time monitoring keeps operations visible, and automatic updates ensure systems stay current.
Garanin boasts that miners can “set up anywhere from 1 to 1,000 devices in minutes.” For a company obsessed with efficiency, it’s no surprise Hiveon has become the go-to for everyone from solo enthusiasts to industrial operations.
But Hiveon’s vision extends beyond merely hashing blocks. In 2022, Garanin leveraged his 20+ years of energy expertise, spanning everything from wind, solar, and coal mine methane system installations, to launch Hiveon Energy.
The mission is to utilize bitcoin mining’s unique properties to stabilize power grids.
The Perfect Grid Partner
“Early on we realized that mining data centers can be used quite well for grid balancing,” Garanin explains. Electricity grids perform a constant balancing act: too much power wastes energy or leads to negative prices. Too little, risks blackouts.
Traditional grids maintain expensive standby plants burning fuel just in case, but miners offer a smarter and cleaner solution.
“Miners can ramp up consumption when it’s necessary or curtail it almost instantaneously,” Garanin points out. “It’s a great tool for frequency regulation, helping stabilize the grid.”
Take Texas, where miners command over 2 gigawatts of capacity and are expected to grow by 60% in 2025 . “A lot of them already cooperate with ERCOT in energy services markets, like demand response, voluntary curtailment or other ancillary services,” notes Garanin.
This arrangement benefits everyone. Miners earn additional revenue by flexing for the grid, while the grid maintains stability.
He’s particularly enthusiastic about renewable energy integration: “Solar and wind are cheap [once the capex required to get them set up has been built] but unpredictable. Bitcoin mining consumes energy when it’s abundant and scales back during shortages.”
Data-Driven Excellence
How does Hiveon achieve this balancing act? That’s where Hiveon Enterprise comes in. “We help miners collect real-time data about their operations,” Garanin says. Their software tracks everything from energy usage to hardware health.
“Our platform immediately flags deviations and alerts maintenance teams,” he adds.
For mid and large-scale mining operations, efficiency isn’t optional — it’s the difference between profitability and wasted potential.
Hiveon Enterprise automates operations, secures profits with price response, integrates energy and battery programs, and powers decision-making with business reporting — all to cut costs and unlock new revenue streams.
AI-driven predictive maintenance prevents failures before they happen, while a built-in ticketing system keeps workflows seamless and team performance transparent.
Inventory management ensures full asset control, and 24/7 remote support minimizes downtime, making Hiveon Enterprise the all-in-one solution for miners who think big.
When a miner in a remote location experiences issues, Hiveon’s system quickly identifies the problem, preventing extended downtime. For larger operations, AI fine-tunes performance based on bitcoin’s price movements or flags equipment for preventative maintenance.
And contrary to popular belief, this isn’t just for industrial giants. “You don’t need gigawatts,” Garanin laughs. “Our company works with projects starting at 1MW — a solid foundation for commercial mining. With integrated management and energy solutions, the path to scaling up is often closer than it seems.”
While scale certainly helps secure favorable energy contracts, medium-sized operations can partner with aggregators to capitalize on grid-balancing opportunities. Hiveon provides solutions for all levels, from solo miners to industrial-scale operations.
Building For Tomorrow
Looking ahead, Garanin’s outlook is bullish. “The mining industry will keep growing,” he predicts confidently. “Companies that never thought about mining before are now stepping into the space.”
As renewable energy adoption accelerates and grids become more sophisticated, miners will play an increasingly vital role.
“It’s creating digital assets — over a trillion in capitalization — and it’s an essential part of the new economy,” he emphasizes.
Hiveon’s suite of tools helps miners stay ahead—Hiveon Pool with automated solutions, Firmware Manager for performance optimization, Hiveon Enterprise for fleet and energy management, and diversification into HPC and AI infrastructure to support data center growth.
With a tight-knit team of professionals, a remote-first organizational structure, and newly achieved SOC 2 Type II compliance, Hiveon is built for longevity and innovation.
Garanin concludes with palpable enthusiasm, “We see huge potential ahead, and we’ll see a lot of things coming up in terms of technology.”
The next time you hear a mining rig’s distinctive hum, consider what’s happening beyond the bitcoin being mined, think about grids staying balanced, renewable energy being utilized efficiently, and Andrii Garanin’s Hiveon working behind the scenes to power it all.
The future isn’t just approaching; it’s already buzzing with miners worldwide, each racing to uncover the next elusive nonce.
