Max Matrenitski is the Founder and CEO of Cyberian Mine (Germany) and Everminer (USA), leading-edge companies specializing in sustainable Bitcoin mining. With a background in computer engineering and as a member of the Mensa High IQ Society, Max brings 25 years of experience across five countries, launching and managing successful tech ventures. Over the last decade, he has focused on Bitcoin mining, witnessing and navigating the transformative impacts of decentralized finance. Born in the Soviet Union, Max experienced the collapse of a socialist economy and the severe effects of hyperinflation, shaping his belief in Bitcoin’s potential to address global economic challenges. A committed advocate, he champions Bitcoin and decentralized technologies as catalysts for transparency, financial inclusion, and economic resilience worldwide.
Q: You’re the founder and CEO of Everminer and Cyberian Mine. Can you provide an introduction to these companies?
A: Bitcoin, and particularly Bitcoin mining, was always associated with something very complex, something requiring technical expertise, and available only to geeks and enthusiasts. I always believed that was hindering the adoption of this wonderful technology. I built Cyberian Mine and Everminer to change that and make Bitcoin mining easy and simple.
I built Cyberian Mine as the most user-friendly Bitcoin-mining company, allowing anyone in the world to buy a piece of equipment and start mining Bitcoin in minutes with just a few clicks. As simple as buying anything on Amazon.
No tech expertise required. The miners are preinstalled in our facilities in Siberia, fully taken care of, covered with a lifetime warranty and automatic failover, so no matter what, it works 24/7, like any web service. You just cover the all-in hosting bill, which includes the cheap, renewable hydropower of Siberia and the efficiency of industrial-scale mining.
Everminer.io takes it a step further by offering the first-ever Bitcoin mining contracts prepaid for life. With a single, one-time payment, clients secure a lifelong passive income in Bitcoin with no energy or hosting expenses—forever. This is revolutionary, but actually, it’s the evolution of everything we’ve achieved at Cyberian Mine, refined into a seamless experience. It’s virtually infinitely divisible, so it really lowers the barrier of entry and democratises access to Bitcoin mining.
Q: Solutions | How are your solutions changing the landscape?
A: As Bitcoin mining grew from a garage-hobby into a big industry, it became harder for regular people to join in. Today, it’s capital-intensive and requires technical know-how, with big mining companies either mining for themselves or requiring high minimum orders to stay efficient. This means only businesses or wealthy individuals can usually take part.
Cyberian Mine and Everminer reverse this trend by using automation to handle the complexity, making mining accessible to everyone. Whether you want to mine a Bitcoin a day with hundreds of miners worth millions, or just invest a few dollars, our solutions make it possible.
Q: Sustainability | Can you share how you’re pioneering sustainability with hydropower? Why Siberian hydropower?
A: Bitcoin mining demands a significant amount of energy, and to truly make a positive impact on the planet, that energy needs to come from sustainable, renewable sources.
I lived in Siberia for 10 years, where I got my university degree and did postgrad studies near Lake Baikal, the world’s largest freshwater reservoir, holding about a fifth of the global reserves. The huge Angara River flows from this lake, and during the Soviet era, a series of massive hydropower stations were built along it to support aluminum production and other industries. After the Soviet Union collapsed, much of this renewable energy became underutilized, making it some of the cheapest green energy available.
Another key factor is the natural cold climate in Siberia, which helps dissipate the enormous heat generated by mining. This combination of low-cost, renewable hydropower and a naturally cool environment makes Siberia ideal for sustainable Bitcoin mining.
Q: Footprint | Your footprint includes Texas and Kentucky. Why were these locales chosen? Are there any additional US locations slated?
A: Not yet.
Even though Cyberian Mine is a German company, it has operations only in Siberia. Hence, the name.
Everminer on the other hand is proudly all-American, incorporated and run in the USA. Only a few spots in the country have affordable energy suitable for mining—like New York, Texas, Kentucky, Ohio. We’re already up and running in upstate New York and are in talks to expand into Kentucky and Texas.
Recently, I also visited Paraguay, Argentina, and Ethiopia—countries with huge potential for Bitcoin mining. Expanding globally will help us stay decentralised and reduce risks, whether political, economic, or technical.
Q: Features | What are the key features of the Cyberian Mine?
- Full automation is the main thing that makes us unique. You can buy and start mining within a few minutes. Like nowhere else. And even use Instalment plans for miners.
- Unprecedented transparency: we’re the only mining company that openly publishes stats every single day since our platform launch 4.5 years ago. https://bit.ly/CMDHR
- Easy exit: You can always sell your miner using our Instant Buy-back option, or at the Marketplace or. And it’s safe for buyers, because all our miners are covered with…
- Lifetime Warranty and Automatic Failover. This is the key to everything. Our unique selling point.
Actually, there’s an interesting story behind how we came up with this idea:
Miners fail a lot. They work in harsh conditions, so they overheat, burn out, and PSUs and fans break frequently.
At Cyberian Mine, we ran into a common industry problem: we struggled with downtime, support tickets, and repair logistics whenever equipment failed. As we grew, support requests snowballed and almost pushed us to the operational collapse. With 100 clients, three full-time support specialists, two-week response times, and 50 tickets in the queue. It was a disaster.
Then, while preparing the monthly financial report, I noticed that what we spent on support salaries was nearly the same as what clients paid for repairs. That’s when everything clicked into place.
I decided we’d fire the support team, and cover miner repairs ourselves, offer a Lifetime Warranty for all miners, and use reserve miners to maintain full power. This way, instead of constant troubleshooting and support, we’d proactively repair all miners behind the scene, and clients wouldn’t even notice. With the Lifetime Warranty, clients no longer worried about repairs, replacements, or support. It also allowed us to automate our operations, making miner reliability the standard.
This approach didn’t just make the system scalable—it turned Cyberian Mine into a truly user-friendly, hands-off mining service.
Q: Career | Can you share some highlights from your career? How did it scale to starting Cyberian Mine and Evermines?
A: I’ve had an entrepreneurial spirit and technical curiosity since childhood. My first business started at 12, taking photos of celebrities and selling them to classmates—I even developed my own scalable production method.
I’ve always loved tech and math. I started programming at 11 on a ZX Spectrum, using an old TV as the display. Later, I pursued a master’s degree in computer science, followed by postgraduate studies in management to bring together my two passions: tech and entrepreneurship. By 18, I had a local computer newspaper; by 20, I ran a computer shop. After getting Microsoft-certified, I worked as a systems engineer managing enterprise networks.
Eventually, I moved to St. Petersburg and spent 10 years running a network consultancy company. When my family and I relocated to Germany, I had to start fresh. It didn’t take long to realize that energy costs in my Berlin apartment were ten times higher than in Siberia—and Bitcoin mining was the obvious way to turn this disparity into a business.
Q: Impact | What role and impact will Bitcoin and decentralized technologies play in addressing global economic issues, promoting transparency, financial inclusion and resilience?
A: Witnessing firsthand the collapse of the Soviet Union, the instability and hyperinflation. Watching my family’s savings lose value practically overnight showed how fragile traditional financial systems can be—and how much they’re affected by politics and terrible monetary policies.
That’s why I believe Bitcoin and decentralised technologies are such a breakthrough. They offer a way to protect value and give people true ownership over their money, beyond the reach of banks or governments. Bitcoin is an unconfiscatable hedge against inflation and economic instability, and it empowers individuals to secure their wealth in a way that I could have only dreamed of back then.
Q: Advice | If you had to give advice to budding entrepreneurs entering the crypto space today, what would be your key guidance for building a sustainable and impactful business?
A: Think long-term and plan for the years ahead. The crypto world moves fast, but real, sustainable businesses are built on foundations that last, not on chasing quick wins. Start with a vision that looks beyond the hype cycles and volatility, and consider where you want your business to be in 5, 10, or even 20 years.
Having a plan—even if it evolves over time—is key. Plans give you a direction and keep you grounded when the market swings or unexpected challenges pop up. They’re like a compass; you may need to adjust your path, but without a plan, you’re drifting.
Also, focus on real value outside of the scope of crypto itself. Think about what your business contributes, not just in terms of profits but in the impact you make. Crypto and decentralized tech have the potential to solve real-world problems—stay focused on those solutions, and you’ll build something that matters in the long run.
Q: Regulatory | As Bitcoin adoption grows worldwide, how do you foresee regulatory developments affecting its future? How are you preparing Cyberian Mine and Everminer for potential regulatory shifts?
A: The recent election of President Trump, the first openly crypto-friendly president, has driven Bitcoin to new all-time highs near $90,000, thanks to his supportive agenda. For Everminer, based in the U.S., this regulatory optimism is a major advantage, allowing us to focus on growth without restrictive policies holding us back.
Meanwhile, in Russia, Cyberian Mine benefits from the recent legalization of mining. Clear regulations have replaced the previous uncertainty, enabling us to operate confidently and plan for future expansion in the region.
Together, these regulatory changes create a more stable, predictable environment for both Everminer and Cyberian Mine, allowing us to adapt, comply, and grow effectively.
Q: Capital | Raising capital in a fluctuating market can be challenging. Could you share some insights into how Everminer and Cyberian Mine approach funding and partnerships to ensure stability and growth, especially in such a capital-intensive industry?
A: I started Cyberian Mine with a modest loan from my mother-in-law, followed by a small friends-and-family seed round. Venture capital funds weren’t interested in mining, especially with hard assets in uncertain jurisdictions. In hindsight, I can see why. It was tough at the start — I lived on welfare for the first year of Cyberian Mine because we couldn’t afford salaries. So, we bootstrapped until we became sustainable.
Today, working capital is no longer a bottleneck. We still rely on our loyal clients as a source of liquidity, thanks to our unique balance-based discount system. When clients maintain a high balance, they earn discounts that can cover up to 100% of hosting costs—essentially creating the first-ever miners with free hosting. This liquidity allows us to order larger, more cost-effective batches of equipment, sharing the extra margin with our clients.
This concept of miners with free hosting actually inspired Everminer’s core idea.
Q: ESG | Given the rise of ESG-conscious investors, how are you positioning your companies to attract investment that aligns with your environmental goals?
A: I’ll be upfront: I’m not a fan of ESG as a label or as a form of virtue-signaling. I believe capitalism and economic freedom—especially through Bitcoin—drive people to be more environmentally conscious naturally, without enforced ESG policies.
That said, I care deeply about running an environmentally responsible business. We rely on renewable hydropower in Siberia for our mining operations, which minimizes our environmental footprint and maximizes efficiency. We also prioritize transparency and trust, letting our clients and investors see exactly what we’re doing on the ground.
So, while I don’t subscribe to ESG as a framework, I believe that genuine environmental care can come through smart, sustainable business practices rather than political mandates.
Q: Future | What trends do you see emerging in the crypto mining space over the next five years? Are there new technologies or shifts on the horizon that excite you or may challenge the industry?
A: Over the next five years, I see crypto mining facing some exciting—and potentially challenging—developments. For one, the recent U.S. election marks a historic first where both candidates appeal to the crypto crowd, showing that digital assets are becoming a mainstream topic. This support, combined with the growing possibility of a Bitcoin ETF, could open up tremendous new avenues for adoption of Bitcoin. Institutional interest is rising, and that’s likely to transform how people view and invest in mining.
We future would look really bright, if it wasn’t for the AI alignment issue. We are already facing a reality where humans aren’t the dominant consciousness, and as AI advances, we need to ensure it remains within our control.
Q: AI | With artificial intelligence and machine learning impacting nearly every sector, are there plans to integrate these technologies into your mining operations for predictive analysis, energy management, or other efficiencies?
A: Surprisingly, AI isn’t widely used in the mining industry overall. Of course, we use AI-agents in support or to help with client onboarding, and of course, in almost all internal processes, like development, finances, creative tasks, that’s tangential to mining per se. In reality, AI is more of a competitor for power than a tool for mining. With demand for compute power growing rapidly, energy and processing capacity are becoming increasingly scarce and valuable.
About Cyberian Mine
Cyberian Mine is a leading sustainable Bitcoin mining company based in Germany, offering eco-friendly and scalable mining solutions powered primarily by renewable energy sources, such as hydropower. With a focus on operational excellence and client satisfaction, Cyberian Mine distinguishes itself through two key features: a lifetime warranty on its mining services and automatic failover. The lifetime warranty ensures clients have long-term security and peace of mind, knowing their investment is safeguarded, while the automatic failover feature guarantees operational continuity, swiftly redirecting mining processes to maintain optimal performance and minimize downtime.
About Everminer
Everminer is redefining Bitcoin mining with an innovative, hassle-free model that eliminates the need for mining machines, operational overhead, and ongoing energy costs. As the first-ever provider of prepaid lifetime Bitcoin mining contracts, Everminer offers users a simple, one-off payment that guarantees a consistent stream of Bitcoin for life. It removes the complexities traditionally associated with Bitcoin mining, making it accessible and affordable for individuals and businesses alike.
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