The MrWhatSat map · 3 lines · 15 stops

Bitcoin infrastructure, mapped.

Payments, custody and mining are three different lines on the same network. MrWhatSat researches the companies on each one, and explains how they connect.

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Bitcoin

Where every line meets.

Each stop is a layer of Bitcoin infrastructure that MrWhatSat Intelligence tracks. Pick a line, or hover any stop to see what it does.

See the companies ↗

Payments / Lightning

  1. Lightning protocolThe network layer for fast, low-fee Bitcoin payments: node software, channels and developer infrastructure.
  2. Enterprise payment railsInfrastructure that lets companies and platforms move Bitcoin and Lightning payments at scale.
  3. Merchant paymentsCheckout and acceptance tools that let businesses take Bitcoin and Lightning payments.
  4. Embedded payments & SDKsDeveloper toolkits that let any app or product send and receive Bitcoin payments.
  5. Wallet connectivityStandards that let apps connect to wallets and request payments, for example Nostr Wallet Connect.

Custody / Security

  1. Collateral & settlementInfrastructure that lets assets be pledged or settled without moving them between venues.
  2. Qualified custodyRegulated custodians that hold assets on behalf of institutions.
  3. Key managementSoftware that secures keys, wallets and approvals for organisations, including orchestration and multi-party computation.
  4. Collaborative custodySetups where you and a provider each hold keys, so neither can move funds alone.
  5. Hardware self-custodyDevices that keep private keys offline, in your own hands.

Mining / Infrastructure

  1. Mining poolsServices that combine many miners’ computing power and share the rewards.
  2. Proprietary miningCompanies that run their own large-scale mining operations.
  3. Firmware & fleet softwareSoftware that tunes, monitors and manages large fleets of mining machines.
  4. ASIC manufacturingThe companies that design and build the specialised chips and machines used for mining.
  5. Power & AI/HPC capacityEnergy and data-centre capacity, where some miners are now also building AI and high-performance computing.

What MrWhatSat does

Research you can check.
Explainers you can finish.

01

Intelligence

A source-backed database of the companies on these lines. Every record is dated, sourced and evidence-labelled.

Live 02

Explainers

Bitcoin, money and markets made visual. Carousels and short videos you can read in a minute.

Instagram
03

Tools

Practical tools for people who work with Bitcoin infrastructure. We are building quietly; more soon.

In development

How the research works

Every claim wears
its label.

Records separate what is known from what is claimed, interpreted or uncertain. Hover a sentence to see its label.

Example Mining Co. says it will add AI hosting capacityCC. Its latest filing shows mining still produces most of its revenueVF. We think it is becoming less Bitcoin-focusedAI, though when any AI revenue will arrive has not been disclosedUV.

VFVerified fact, checked against sources and dated.
CCCompany claim, kept attributed to the company.
AIAnalysis, our interpretation, kept separate from facts.
UVUncertainty, flagged where information is incomplete.

Illustrative example. Not a real company.

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