Radar · Blockchain Infrastructure in Ontario
Best Blockchain Infrastructure Companies in Ontario, Canada
The 77 best Blockchain Infrastructure companies in Ontario, Canada in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Bitfarms.
By Rohit KhannaTrends & Stories
77companies tracked
$1.7Bdisclosed funding
2unicorns
31have raised
Ranked: Best Blockchain Infrastructure companies in Ontario
| # | Company | Disclosed funding | Last round | Employees | Founded | Founder | Tech stack | Recent signals |
|---|---|---|---|---|---|---|---|---|
| 1 | Bitfarms Cloud mining solutions for cryptocurrency 76Funding top 12%Growth top 35%Tech top 36%Talent top 37% All 8 signals ▾Fundingtop 12% Growthtop 35% Techtop 36% Talenttop 37% Newstop 39% Markettop 41% Globaltop 46% Moattop 48% Funding: Raised $855M across 8 rounds · 8 rounds over 7 yrs (1.1/yr) Growth: 11 acquisition/expansion moves in 24 mo · Fresh capital in last 24 mo rank vs industry peers · Fliar Intelligence Index 76/100 | $855M | 8 mo ago | 140 | 2017 | Bonta Nicolas Founder & Chairman at Bitfarms | DrupalApple iCloud MailMicrosoft 365+31 | — |
| 2 | Figment 🦄 Online platform for the staking solution 76Funding top 20%Moat top 26%Talent top 28%Tech top 34% All 8 signals ▾Fundingtop 20% Moattop 26% Talenttop 28% Techtop 34% Growthtop 37% Markettop 39% Globalbottom 48% Newsbottom 42% Funding: Raised $165M across 5 rounds · 5 rounds over 8 yrs (0.6/yr) Moat: Editorial + unicorn rating 9/10 · Unicorn rank vs industry peers · Fliar Intelligence Index 76/100 | $165M | 8 mo ago | 120 | 2018 | Ryan Funduk Co-Founder | WordPress Block EditorElementorWordPress+44 | 1 partnership · 1 award |
| 3 | Hut 8 Mining Digital asset mining and performance computing solutions for individuals | $116M | 53 mo ago | 71 | 2011 | Jaime Leverton Chief Executive Officer | — | 1 expansion |
| 4 | Kin Cryptocurrency used for making payments and explorer solutions provider | $99M | 104 mo ago | 9 | 2017 | — | — | — |
| 5 | Polymath Platform to issue securities on blockchain | $98M | 57 mo ago | 42 | 2017 | Trevor Koverko Co-Founder & CEO | WebflowAmazon Web Servicescore-js+24 | 2 launchs |
| 6 | Fuel Labs Blockchain scaling and development solutions | $82M | 45 mo ago | 43 | 2019 | Nick Dodson Co-Founder & CEO | Node.jsRechartsRadix UI+20 | — |
| 7 | Axelar 🦄 Online platform for cross-chain communication for web3 62Funding top 26%Moat top 26%Growth top 35%Talent top 38% All 7 signals ▾Fundingtop 26% Moattop 26% Growthtop 35% Talenttop 38% Markettop 47% Techtop 50% Globalbottom 38% Funding: Raised $63.8M across 5 rounds · 5 rounds over 6 yrs (0.8/yr) Moat: Editorial + unicorn rating 9/10 · Unicorn rank vs industry peers · Fliar Intelligence Index 62/100 | $64M | 15 mo ago | 50 | 2020 | Georgios Vlachos Co-Founder | WebflowRiveGSAP+19 | — |
| 8 | GoNetwork Low cost mobile first network infrastructure for Ethereum | $47M | 95 mo ago | — | 2016 | Xun Cai Co-Founder & COO | — | — |
| 9 | CryptoStar Hardware-based cryptocurrency mining solutions 40Funding top 24%Talent bottom 49%News bottom 36%Global bottom 29% All 4 signals ▾Fundingtop 24% Talentbottom 49% Newsbottom 36% Globalbottom 29% Funding: Raised $46.2M across 9 rounds · 9 rounds over 7 yrs (1.3/yr) Talent: 1 named leader on record · 1 C-suite/founder profile curated rank vs industry peers · Fliar Intelligence Index 40/100 | $46M | 5 mo ago | — | 2017 | David Jellins CEO | — | — |
| 10 | Tokens.com Blockchain-based technology focused on transaction processing and validation services for various digital… | $25M | 55 mo ago | 4 | 2020 | Lorne Sugarman President | Framer SitesReactLenis+5 | 1 launch |
| 11 | Hyperblock Crypto mining facilities | $22M | 99 mo ago | — | 2017 | Sean Walsh Founder & CEO | — | — |
| 12 | Ethereum Blockchain-based public network for decentralized applications | $18M | 56 mo ago | 1 | 2013 | — | TurbopackSentryNode.js+17 | — |
| 13 | OneLedger Cross-chain protocol | $15M | 95 mo ago | 9 | 2017 | David Cao Founder & CEO | — | — |
| 14 | Adbank Blockchain-powered advertising platform offering rewards for users | $14M | 101 mo ago | — | 2017 | Jon Gillham Co-Founder | — | — |
| 15 | Helika Provider of web3 behavioral analytics platform | $13M | 28 mo ago | 29 | 2022 | Artem Germanov Co-Founder & CTO | WordPressMySQLPHP+19 | — |
| 16 | WondrGaming Blockchain-based development platform for non-fungible tokens | $10M | 52 mo ago | 4 | 2020 | — | — | — |
| 17 | ePIC Blockchain Hardware-based mining infrastructure for cryptocurrencies | $8M | 62 mo ago | 17 | 2017 | Earl Mai Co-Founder & CTO | WordPressMySQLPHP+25 | — |
| 18 | Informal Systems Blockchain-based network and tools for the interchain | $5M | 36 mo ago | 57 | 2019 | Ethan Buchman Chief Executive Officer | TurbopackNode.jsTailwind CSS+13 | — |
| 19 | Alkemi Decentralized liquidity network providing compliant DeFi solutions | $5M | 61 mo ago | 14 | 2018 | Ben Cooper Co-Founder | — | — |
| 20 | Cybrid Provider of API infrastructure for stablecoin payments, compliance, and treasury 50Growth top 20%Talent top 28%Tech top 44%News top 44% All 10 signals ▾Growthtop 20% Talenttop 28% Techtop 44% Newstop 44% Fundingbottom 49% Innovationbottom 45% Productbottom 45% Moatbottom 38% Globalbottom 32% Marketbottom 30% Growth: Web rank 10,000,000 → 1,000,000 YoY · Fresh capital in last 24 mo Talent: 4 named leaders on record · 4 C-suite/founder profiles curated rank vs industry peers · Fliar Intelligence Index 50/100 | $4M | 8 mo ago | 13 | 2021 | Ali Irshad Co-Founder & Head of Sales & Partnerships | WebflowThree.jsGSAP+24 | — |
| 21 | Spicenet Provider of liquidity layer for unstoppable trading applications | $3M | 18 mo ago | — | 2023 | Matthew McConnell Founder & CMO | Node.jsReactNext.js App Router+15 | — |
| 22 | Noble Online platform offering blockchain infrastructure solutions | $3M | 32 mo ago | — | 2023 | — | — | — |
| 23 | Kylin A cross-chain platform for Oracle network | $3M | 51 mo ago | 13 | 2020 | — | — | — |
| 24 | Fairblock Blockchain infrastructure builder using applied cryptography | $2M | 32 mo ago | 4 | 2022 | Bowen You Co-Founder | Tailwind CSSReactReact Router+6 | — |
| 25 | Inference Labs Provider of on-chain AI inference verification and agentic native protocols 57AI top 20%Growth top 28%Talent top 38%Tech top 44% All 7 signals ▾AItop 20% Growthtop 28% Talenttop 38% Techtop 44% Fundingtop 46% Globalbottom 38% Marketbottom 29% AI: Classified as an AI company Growth: Web rank 50,000,000 → 10,000,000 YoY · Fresh capital in last 24 mo rank vs industry peers · Fliar Intelligence Index 57/100 | $2M | 11 mo ago | — | 2022 | Colin Gagich Co-Founder | Framer SitesThree.jsReact+11 | — |
| 26 | SATO Technologies Corp Online platform for Bitcoin mining 22Funding top 35%News top 46%Growth top 48%Tech bottom 45% All 6 signals ▾Fundingtop 35% Newstop 46% Growthtop 48% Techbottom 45% Globalbottom 36% Marketbottom 14% Funding: Raised $1.0M across 1 rounds · 1 rounds over 1 yrs (1.0/yr) News: 7 BI events in 12 mo (of 28 tracked, 5 types) · -36% YoY rank vs industry peers · Fliar Intelligence Index 22/100 | $1M | 3 mo ago | 13 | 2017 | — | Node.jsThree.jsTailwind CSS+11 | — |
| 27 | Charged Particles Decentralized platform for managing non-fungible tokens and digital assets | $1M | 60 mo ago | 14 | 2020 | Ben Lakoff Co-Founder | — | — |
| 28 | LP Finance Provider of decentralized platform for blockchian investment | $315K | 43 mo ago | — | 2021 | Eric Lee Founder | — | — |
| 29 | Torram Decentralized oracle network for TradeFi and DeFi | $100K | 18 mo ago | — | 2024 | Pranav Jyoti Co-Founder & CRCO | WordPressMySQLPHP+28 | 1 launch |
Top 12 Blockchain Infrastructure companies in Ontario
#1
Public · Toronto, Ontario · founded 2017 · 140 employees$855.5Mraised▾
Public · Toronto, Ontario · founded 2017 · 140 employees
Cloud mining solutions for cryptocurrency. It features a blockchain infrastructure for operating computing centers, processing bitcoins through mining networks, and earning fees for the processing of transactions. It provides hosting, in-house management, and support services for miners.
Fliar Intelligence Index™ 76how this company ranks against its industry peers
Funding
top 12%Growth
top 35%Tech
top 36%Talent
top 37%News
top 39%Market
top 41%Funding: Raised $855M across 8 rounds · 8 rounds over 7 yrs (1.1/yr) · Last round Post IPO (Oct 2025)
Growth: 11 acquisition/expansion moves in 24 mo · Fresh capital in last 24 mo
Tech: 61 technologies across 4/8 capability areas · Cloud: Akamai, Amazon Web Services · Devops: Varnish
Audience (LinkedIn): 17k LinkedIn followers — 3.7% of this cohort's audience
Activity (LinkedIn): 1 expansions announced in 12 mo
Funding rounds
- Oct 2025Post IPO$588M
- Nov 2023Post IPO$43.8M
- May 2021Post IPO$62.3M
- Feb 2021Post IPO$69.5M
Founders & team
Investors
Dominion Capital, Sadis, Vermögensclub
#2
Figment 🦄Series C · Toronto, Ontario · founded 2018 · 120 employees$165Mraised▾
Figment 🦄
Series C · Toronto, Ontario · founded 2018 · 120 employees
Online platform for the staking solution. The company offers staking solutions including rewards optimization, rapid API development, rewards reporting, partner integrations, governance, liquid staking, and more.
Fliar Intelligence Index™ 76how this company ranks against its industry peers
Funding
top 20%Moat
top 26%Talent
top 28%Tech
top 34%Growth
top 37%Market
top 39%Funding: Raised $165M across 5 rounds · 5 rounds over 8 yrs (0.6/yr) · Last round Series C (Oct 2025)
Moat: Editorial + unicorn rating 9/10 · Unicorn · 9 curated direct competitors tracked
Talent: 4 named leaders on record · 4 C-suite/founder profiles curated
Audience (LinkedIn): 30k LinkedIn followers — 6.6% of this cohort's audience
Activity (LinkedIn): 1 partnerships · 1 awards (incl. Curvegrid) announced in 12 mo
Funding rounds
- Oct 2025Series C—
- Dec 2021Series C$110M
- Aug 2021Series B$50M
- Oct 2020Series A$2.5M
Founders & team
Investors
Liberty City Ventures, Senator Investment Group, GSR Ventures, Hard Yaka, Galaxy, Declaration Partners
Tech stack
Amazon Web ServicesApple Icloud MailCloudflareCloudflare Bot ManagementCookieyesCore-Js
#3
Public · Toronto, Ontario · founded 2017$46.2Mraised▾
Public · Toronto, Ontario · founded 2017
Hardware-based cryptocurrency mining solutions. It also provides blockchain-based data centres. It also provides tools to consumers for choosing the right cryptocurrencies to invest in.
Fliar Intelligence Index™ 40how this company ranks against its industry peers
Funding
top 24%Talent
bottom 49%News
bottom 36%Global
bottom 29%Funding: Raised $46.2M across 9 rounds · 9 rounds over 7 yrs (1.3/yr) · Last round Post IPO (Jan 2026)
Talent: 1 named leader on record · 1 C-suite/founder profile curated
News: 0 BI events in 12 mo (of 25 tracked, 8 types)
Funding rounds
- Jan 2026Post IPO$1.6M
- Feb 2024Post IPO—
- Mar 2021Post IPO$20.4M
- Feb 2021Post IPO$2M
Founders & team
Investors
T M X, EMD Financial
#4
Axelar 🦄Series B · Toronto, Ontario · founded 2020 · 50 employees$63.8Mraised▾
Axelar 🦄
Series B · Toronto, Ontario · founded 2020 · 50 employees
Online platform for cross-chain communication for web3. It offers solutions for integrating decentralized applications into blockchain networks. It allows developers to host apps, move assets, communicate with applications on other chains using the Axelar API, and more.
Fliar Intelligence Index™ 62how this company ranks against its industry peers
Funding
top 26%Moat
top 26%Growth
top 35%Talent
top 38%Market
top 47%Tech
top 50%Funding: Raised $63.8M across 5 rounds · 5 rounds over 6 yrs (0.8/yr) · Last round Series B (Mar 2025)
Moat: Editorial + unicorn rating 9/10 · Unicorn · 9 curated direct competitors tracked
Growth: Fresh capital in last 24 mo
Audience (LinkedIn): 13k LinkedIn followers — 2.9% of this cohort's audience
Funding rounds
- Mar 2025Series B$30M
- Sep 2022ICO$50.1M
- Feb 2022Series B$35M
- Nov 2021Series A—
Founders & team
Investors
CRYPTO, Morningstar Ventures, Informal Systems, Zero Knowledge Validator, Scytale Digital, Polychain
Tech stack
CloudflareCloudflare Bot ManagementCookie ScriptGoogle AnalyticsGoogle Font ApiGoogle Hosted Libraries
#5
Late Stage · Toronto, Ontario · founded 2017 · 13 employees$1Mraised▾
Late Stage · Toronto, Ontario · founded 2017 · 13 employees
Online platform for Bitcoin mining
Fliar Intelligence Index™ 22how this company ranks against its industry peers
Funding
top 35%News
top 46%Growth
top 48%Tech
bottom 45%Global
bottom 36%Market
bottom 14%Funding: Raised $1.0M across 1 rounds · 1 rounds over 1 yrs (1.0/yr) · Last round Post IPO (Mar 2026)
News: 7 BI events in 12 mo (of 28 tracked, 5 types) · -36% YoY · Top themes: Announcements, Earnings
Growth: Fresh capital in last 24 mo
Audience (LinkedIn): 900 LinkedIn followers
Funding rounds
- Mar 2026Post IPO$1M
Investors
FJ Labs, Brinc
#6
Series A · Toronto, Ontario · founded 2021 · 13 employees$3.8Mraised▾
Series A · Toronto, Ontario · founded 2021 · 13 employees
Provider of API infrastructure for stablecoin payments, compliance, and treasury. The platform facilitates movement between stablecoins and fiat currencies. It offers tools for KYC/AML verification, liquidity access, settlement, and custody management. The infrastructure supports cross-border remittance, B2B payments, and banking solutions through accounts and payment orchestration.
Fliar Intelligence Index™ 50how this company ranks against its industry peers
Growth
top 20%Talent
top 28%Tech
top 44%News
top 44%Funding
bottom 49%Innovation
bottom 45%Growth: Web rank 10,000,000 → 1,000,000 YoY · Fresh capital in last 24 mo
Talent: 4 named leaders on record · 4 C-suite/founder profiles curated
Tech: 34 technologies across 5/8 capability areas · Cloud: Amazon Web Services, Cloudflare · Observability: Microsoft Clarity, Sentry
Audience (LinkedIn): 4k LinkedIn followers
Funding rounds
- Oct 2025Series A$10M
- Apr 2022Seed$3.8M
Founders & team
Investors
Golden Ventures, Luge Capital, Harvest Builders, BDC, Panache Ventures
Tech stack
Amazon Web ServicesCdnjsCloudflareCloudflare Bot ManagementCore-JsGoogle Analytics
#7
Seed · Hamilton, Ontario · founded 2022$2.3Mraised▾
Seed · Hamilton, Ontario · founded 2022
Provider of on-chain AI inference verification and agentic native protocols. The company develops protocols ensuring interoperability, model authenticity, and computational integrity for AI agents. It facilitates verifiable data-backed function calls and cross-chain applications to execute AI workflows with guarantees of atomic operations. The company also enables the deployment of proprietary models without compromises or customer trust assumptions, focusing on ethical advancements in AI, including data security and explainability in AI inference.
Fliar Intelligence Index™ 57how this company ranks against its industry peers
AI
top 20%Growth
top 28%Talent
top 38%Tech
top 44%Funding
top 46%Global
bottom 38%AI: Classified as an AI company
Growth: Web rank 50,000,000 → 10,000,000 YoY · Fresh capital in last 24 mo
Talent: 2 named leaders on record · 2 C-suite/founder profiles curated
Funding rounds
- Jun 2025Seed—
- Apr 2024Seed$2.3M
Founders & team
Investors
Digital Asset Capital Management, Mechanism Capital, Delphi Ventures, Big Brain Holdings, Bitscale Capital, Edessa
Tech stack
Chakra UiCloudflareCloudflare Browser InsightsCloudflare TurnstileEmotionFramer Sites
#8
Seed · Kingston, Ontario · founded 2023$3.4Mraised▾
Seed · Kingston, Ontario · founded 2023
Provider of liquidity layer for unstoppable trading applications. It unified and composable liquidity layer for unstoppable trading applications, with a focus on delivering fast and reliable trading experiences. It allows for the blending of external liquidity sources, providing a deep and resilient liquidity pool for traders and applications.
LinkedIn Pulse recent public activity · Jul 2026
Audience: 8k LinkedIn followers
Activity: 1 product launches · 3 partnerships · 1 expansions (incl. Rayls) announced in 12 mo
Funding rounds
- Dec 2024Seed$3.4M
Founders & team
Investors
Hack VC, Magnus Capital, TPC, WAGMI Ventures, DoraHacks, Pops
Tech stack
CloudflareCloudflare Bot ManagementCore-JsEmotionGoogle Font ApiGoogle Workspace
#9
Series A · Toronto, Ontario · founded 2022 · 29 employees$12.6Mraised▾
Series A · Toronto, Ontario · founded 2022 · 29 employees
Provider of web3 behavioral analytics platform. It provides users with tools that help customers to understand and grow their community. It allows users to create custom slices of activity, users, or other KPIs based on their specific business context and model, and Visualize and analyze activities to make sense of key engagement, growth, and revenue metrics.
LinkedIn Pulse recent public activity · Jul 2026
Audience: 5k LinkedIn followers
Funding rounds
- Feb 2024Series A$8M
- Mar 2023Seed$4M
- 2022Seed$600K
Founders & team
Investors
Diagram Ventures, Pantera Capital, Sparkle Ventures, Sfermion, Scopely, Animoca Brands
Tech stack
Contact Form 7Core-JsElementorGodaddyGoogle AnalyticsGoogle Font Api
#10
Public · Toronto, Ontario · founded 2011 · 71 employees$115.7Mraised▾
Public · Toronto, Ontario · founded 2011 · 71 employees
Digital asset mining and performance computing solutions for individuals. It enables users to access a proprietary mix of hardware, software, and operational expertise to construct, optimize and manage data centers in jurisdictions. It offers white-label high-performance compute hosting, as well as yield & income programs for users.
LinkedIn Pulse recent public activity · Jul 2026
Audience: 42k LinkedIn followers — 9.3% of this cohort's audience
Activity: 1 expansions announced in 12 mo
Funding rounds
- Jan 2022Post IPO—
- Jan 2021Post IPO$103.7M
- Jun 2020Post IPO$6.1M
- Feb 2018Post IPO$2.9M
Founders & team
Investors
Almanack Investment Partners, Fidelity Investments, Bitfury, Broocknell Ventures, Mission Gate, Firstblocks
Tech stack
WordpressMysqlPhpBootstrapGsapYoast Seo
#11
Series A · Toronto, Ontario · founded 2019 · 43 employees$81.5Mraised▾
Series A · Toronto, Ontario · founded 2019 · 43 employees
Blockchain scaling and development solutions. It provides blockchain developer experience that delivers performance improvements for decentralized applications.
Funding rounds
- Sep 2022Series A$80M
- Sep 2021Seed$1.5M
Founders & team
Investors
Blockchain Capital, Stratos Technologies, Alameda Research, CoinFund, Bain Capital Crypto, TRG Capital
Tech stack
AirtableAmazon AlbAmazon Web ServicesCloudflareCloudflare Bot ManagementFramer Sites
#12
Funding Raised · Toronto, Ontario · founded 2017 · 42 employees$98.4Mraised▾
Funding Raised · Toronto, Ontario · founded 2017 · 42 employees
The Polymath network provides a platform that lets users issue tokens on blockchain that have properties similar to financial securities. The platform aims to assist in creating of tokens, fundraising for projects, secondary market trading of the tokens, and more while complying with regulations.
LinkedIn Pulse recent public activity · Jul 2026
Audience: 10k LinkedIn followers — 2.1% of this cohort's audience
Activity: 2 product launches announced in 12 mo
Funding rounds
- Sep 2021Grant (prize money)$600K
- Sep 2018Grant (prize money)$1.1M
- Jan 2018ICO$96.2M
- Sep 2017Grant (prize money)$484K
Founders & team
Investors
OSTI, Yeoman's Capital, RR2 Capital, Firstblocks, Bauhaus Group, DNA
Tech stack
Amazon SesAmazon Web ServicesCdnjsClipboard.JsCloudflareCloudflare Bot Management
Funding & investor landscape
$1.7Btotal disclosed funding
29companies funded
68disclosed rounds
0rounds last 90 days
Most active investors
Notable founders
Bonta Nicolas
Founder & Chairman at Bitfarms · Bitfarms
Ryan Funduk
Co-Founder · Figment
Matt Harrop
Co-Founder · Figment
David Jellins
CEO · CryptoStar
Georgios Vlachos
Co-Founder · Axelar
Sergey Gorbunov
Co-Founder & CEO · Axelar
Ali Irshad
Co-Founder & Head of Sales & Partnerships · Cybrid
Avinash Chidambaram
Co-Founder & CEO · Cybrid
Colin Gagich
Co-Founder · Inference Labs
Ronald Chan
Co-Founder · Inference Labs
Matthew McConnell
Founder & CMO · Spicenet
Artem Germanov
Co-Founder & CTO · Helika
Prism market signals · Canada · country-scoped Prism corpus, 8,289,727 docs
Market landscape — 10 sub-themes by coverage
Share of Blockchain Infrastructure coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
Common questions
How many Blockchain Infrastructure companies are there in Ontario, Canada?
Radar tracks 77 indexable Blockchain Infrastructure companies headquartered in Ontario, Canada that meet our profile-completeness bar.
What is the total funding raised by Blockchain Infrastructure companies in Ontario, Canada?
The Blockchain Infrastructure companies in Ontario, Canada on this list have raised a combined $1.7B in disclosed equity funding across 29 funded companies.
Which is the highest-funded Blockchain Infrastructure company in Ontario, Canada?
Bitfarms is the highest-funded Blockchain Infrastructure company in Ontario, Canada, with $855.5M in disclosed equity funding.
How many Blockchain Infrastructure companies in Ontario, Canada are funded?
29 of the 77 Blockchain Infrastructure companies in Ontario, Canada on this list have disclosed at least one equity funding round.
How many Blockchain Infrastructure unicorns are there in Ontario, Canada?
2 Blockchain Infrastructure companies in Ontario, Canada on this list are valued at $1B or more.
Who are the top investors in Ontario, Canada Blockchain Infrastructure companies?
The most active investors in Ontario, Canada Blockchain Infrastructure companies on this list include Outlier Ventures, GAINS Associates, GSR Ventures, Lemniscap, Maven 11.
Rohit KhannaTrends & Stories
Rohit lives in the feed. He covers what's moving right now — the funding rounds, launches and shifts breaking across the trade press — and ties them back to where the sector is heading.