Audit log

Every state-changing event for Edgevana: moderation decisions on community submissions, plus corrections and updates from the news pipeline. URL-based decisions carry three independent witnesses — the original source, an Internet Archive snapshot taken at submission time, and a Solana memo signed by our publicly-disclosed publisher key.

1. #1publishby system:backfill

   2026-06-01 03:22:08Z
   Score: ? → ? (no score change)
   anchoranchored

   chain

   ●mainnet-betaslot 423,509,456

   sig

   2tCMHF8hgJJj…wMrmPgbDcopyexplorer ↗

   hash

   AWhAQBnzugBo…zhKqpmC6copysha256 → base58

   verifying row…full verify ↗

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   {"actor":"system:backfill","investigation_id":"7bea57f8-c75f-46d6-8b27-434d183004bf","kind":"publish","page_slug":"edgevana","published_at":"2026-06-01T03:22:07.915Z","sequence_num":1,"snapshot":{"content_type":"investigation","entity_name":"Edgevana","sections":[{"content":"Edgevana Inc. was founded in 2019 and is headquartered in McLean, Virginia (with operational presence in Las Vegas, Nevada). The company describes itself as a global bare-metal infrastructure marketplace that simplifies and accelerates the deployment of blockchain validators, RPC nodes, and enterprise edge compute workloads. Its platform aggregates resources from over 32 third-party data center and colocation providers across 180 countries, claiming 350+ data centers and 250,000+ edge access points. Core product lines include QuickRamp (validator/node onboarding subscriptions), EdgeSOL (Solana liquid staking), EdgeView (traffic orchestration), EdgeAI (GPU inference), and EdgeLink (connectivity hardware). A co-CEO press release from September 2023 stated that Edgevana had grown to over 40 employees across six countries and described the company as profitable.","heading":"Company Overview","severity":"low","sources":[{"credibility":1,"name":"Edgevana official website","type":"official","url":"https://edgevana.com/"},{"credibility":1,"name":"Edgevana co-CEO appointment announcement","type":"official","url":"https://edgevana.com/news-posts/subhan-jahromi-and-ryan-fay-appointed-as-co-ceos"},{"credibility":2,"name":"Data Center Frontier: Edgevana Looks to Speed Growth for Web3 Blockchain Infrastructure","type":"news_article","url":"https://datacenterfrontier.com/edgevana-looks-to-speed-growth-for-web3-blockchain-infrastructure/"}]},{"content":"Edgevana's founding team is publicly identified and professionally traceable. Mark Thiele co-founded the company and served as CEO from 2019 until September 2023, when he stepped down citing personal health challenges. Thiele has a documented professional history including roles at VMware, Switch, Apcera, and Ericsson, and is a named figure in the data center industry. Subhan Jahromi, co-founder, assumed the role of co-CEO alongside Ryan Fay in September 2023. Jahromi previously operated 2528, a consulting practice, and co-founded Char'd, a restaurant concept. Ryan Fay joined Edgevana in July 2022 as CIO and CSO; his background includes a Global CIO role at ACI Specialty Benefits and an advisory column for CIO Online, as well as a stated stint at Gartner in global high-tech enterprise. Kevin Odden, appointed SVP and Global Head of Connectivity Solutions in April 2025, brings over 20 years of experience from Qwilt, Limelight, and StackPath. Michael Roberge joined in February 2024 as SVP of Institutions and Digital Assets, with a 15-year career across Janus Henderson, Artisan Partners, and Bloomberg. The founding team and key executives are named individuals with verifiable prior employment histories, which reduces anonymity risk.","heading":"Team Transparency","severity":"low","sources":[{"credibility":1,"name":"Edgevana: Subhan Jahromi and Ryan Fay Appointed as Co-CEOs","type":"official","url":"https://edgevana.com/news-posts/subhan-jahromi-and-ryan-fay-appointed-as-co-ceos"},{"credibility":2,"name":"PR Newswire: Former Qwilt, Limelight, and StackPath Executive Kevin Odden Joins Edgevana","type":"news_article","url":"https://www.prnewswire.com/news-releases/former-qwilt-limelight-and-stackpath-executive-kevin-odden-joins-edgevana-302417154.html"},{"credibility":2,"name":"PR Newswire: Edgevana Appoints Michael Roberge as SVP of Institutions and Digital Assets","type":"news_article","url":"https://www.prnewswire.com/news-releases/edgevana-appoints-fund-manager-and-capital-markets-expert-michael-roberge-as-svp-of-institutions-and-digital-assets-302060723.html"},{"credibility":2,"name":"Data Center Frontier: Edgevana profile (April 2022)","type":"news_article","url":"https://datacenterfrontier.com/edgevana-looks-to-speed-growth-for-web3-blockchain-infrastructure/"}]},{"content":"Edgevana has raised an estimated $10.6 million in total funding according to PitchBook, through at least two rounds. Identified institutional investors include Third Prime Capital and MetaWeb Ventures, with an initial seed round recorded as early as 2021. Fyrfly Venture Partners is cited by some aggregators but this has not been independently confirmed by a Tier 1 or Tier 2 source. The company self-describes as profitable as of September 2023. Specific round sizes and closing dates have not been publicly disclosed by the company or investors in press releases, and disclosed aggregate funding figures come from commercial database sources (PitchBook, CB Insights) rather than company announcements, warranting moderate confidence in the exact totals.","heading":"Funding and Investors","severity":"low","sources":[{"credibility":2,"name":"Tracxn: Edgevana funding and investors profile","type":"research","url":"https://tracxn.com/d/companies/edgevana/__glxnbJJP5O398rvTeKbJlmLf07khVzv3SmXCS7fEdwI/funding-and-investors"},{"credibility":2,"name":"PitchBook: Edgevana 2026 Company Profile","type":"research","url":"https://pitchbook.com/profiles/company/434422-36"},{"credibility":2,"name":"CB Insights: Edgevana Company Profile","type":"research","url":"https://www.cbinsights.com/company/edgevana"}]},{"content":"Edgevana's most prominent partnership is with the Solana Foundation, which in June 2022 selected the company to deploy 500 bare-metal servers across 32 of its facilities to improve validator onboarding. The Solana Foundation's then-Executive Director Dan Albert was quoted in the official announcement. Edgevana later participated in the Solana Foundation's Tour de Sun '22 validator incentive program (September 2022). In December 2022, StackPath partnered with Edgevana to jointly serve Solana Foundation Server Program members, with StackPath SVP Paul Drew citing a doubling of managed servers over the prior year. In January 2024, Edgevana announced a partnership to provide infrastructure and dashboards to Avalanche's 1,600+ node operators. Some third-party aggregators have inaccurately described the Solana Foundation procurement arrangement as an 'acquisition' of Edgevana; no acquisition has been confirmed by Edgevana, the Solana Foundation, or any Tier 1 news source. The company also accepted Solana Pay for cryptocurrency billing as of July 2022, becoming the first data center company to do so. Edgevana claims thousands of customers but has not published a named customer list.","heading":"Key Partnerships and Customers","severity":"low","sources":[{"credibility":2,"name":"PR Newswire: Solana Foundation Harnesses Edgevana to Improve Validator Experience","type":"news_article","url":"https://www.prnewswire.com/news-releases/solana-foundation-harnesses-edgevana-to-improve-validator-experience-301567032.html"},{"credibility":1,"name":"Edgevana: Solana Foundation partnership announcement","type":"official","url":"https://edgevana.com/news-posts/solana-foundation-harnesses-edgevana-to-improve-validator-experience"},{"credibility":2,"name":"PR Newswire: StackPath Partners with Edgevana to Accelerate Web3 Growth","type":"news_article","url":"https://www.prnewswire.com/news-releases/stackpath-partners-with-edgevana-to-accelerate-web3-growth-301698380.html"},{"credibility":2,"name":"Avax.network: Edgevana to Provide Infrastructure to Avalanche Network","type":"news_article","url":"https://www.avax.network/about/blog/edgevana-to-provide-infrastructure-to-avalanche-network-expanding-validator-decentralization"},{"credibility":2,"name":"PR Newswire: Edgevana Adopts Solana Pay","type":"news_article","url":"https://www.prnewswire.com/news-releases/edgevana-adopts-solana-pay-to-become-the-first-web3-focused-bare-metal-data-center-company-to-accept-crypto-301587863.html"}]},{"content":"Edgevana operates a Solana liquid staking protocol at stake.edgevana.com, issuing the edgeSOL receipt token (on-chain address: edge86g9cVz87xcpKpy3J77vbp4wYd9idEV562CCntt). As of the investigation date, the pool holds approximately 838,868 SOL staked across 49 active validators, with a pool token supply of approximately 654,169 edgeSOL tokens. The current APY is reported at 5.36% with a 5% rewards fee and a 0.10% SOL withdrawal fee. SolanaCompass data indicates zero delinquent validators and zero validators in overpopulated data centers across 21 unique data center locations, suggesting reasonable validator distribution. The protocol uses the SPL stake-pool on-chain program. The liquid staking product introduces smart contract risk inherent to any on-chain staking protocol, though no exploits or incidents have been identified to date.","heading":"EdgeSOL Liquid Staking Product","severity":"medium","sources":[{"credibility":2,"name":"SolanaCompass: Edgevana Staked SOL pool statistics","type":"on_chain","url":"https://solanacompass.com/stake-pools/edgejNWAqkePLpi5sHRxT9vHi7u3kSHP9cocABPKiWZ"},{"credibility":2,"name":"Coinbase: Edgevana Staked SOL price page","type":"other","url":"https://www.coinbase.com/price/edgevana-staked-sol"},{"credibility":1,"name":"Edgevana staking documentation","type":"official","url":"https://docs.stake.edgevana.com/docs/overview/description"}]},{"content":"No SEC enforcement actions, CFTC complaints, DOJ indictments, or civil lawsuits have been identified involving Edgevana Inc. or its named founders. A search of SEC EDGAR returns no filings under 'Edgevana.' The company operates in the infrastructure-as-a-service segment and does not appear to issue securities or operate a registered exchange, which reduces exposure to securities regulations relative to token issuers. The edgeSOL liquid staking token could attract future regulatory scrutiny under potential staking-related guidance, but no such action has been taken as of the investigation date.","heading":"Regulatory and Legal Record","severity":"low","sources":[{"credibility":1,"name":"SEC EDGAR full-text search (no Edgevana results)","type":"regulatory","url":"https://efts.sec.gov/LATEST/search-index?q=%22Edgevana%22&dateRange=custom&startdt=2018-01-01"}]},{"content":"No hacks, exploits, rug pulls, or major service outages attributable to Edgevana have been identified in publicly available sources. Searches for fraud, scam, or hack-related incidents return no credible results. A third-party domain reputation service (Scam Detector) assigned edgevana.com a medium trust score of 50.7 and tagged it as 'questionable,' though this appears to be an automated algorithm assessment and no specific fraudulent behavior is documented. The existence of an impersonation domain, edgevana.me, with a low trust score is noted; this is a common pattern for established infrastructure brands and does not reflect on the legitimacy of the primary edgevana.com entity. Glassdoor lists three employee reviews with uniformly positive ratings, though the sample size is too small to be statistically meaningful.","heading":"Security and Incident Record","severity":"low","sources":[{"credibility":3,"name":"Scam Detector: edgevana.com review","type":"community_report","url":"https://www.scam-detector.com/validator/edgevana-com-review/"},{"credibility":3,"name":"ScamAdviser: edgevana.me review","type":"community_report","url":"https://www.scamadviser.com/check-website/edgevana.me"},{"credibility":3,"name":"Glassdoor: Working at Edgevana","type":"community_report","url":"https://www.glassdoor.com/Overview/Working-at-Edgevana-EI_IE7032722.11,19.htm"}]},{"content":"Edgevana operates in the Solana infrastructure segment alongside managed RPC providers (Helius, QuickNode, Triton One) and bare-metal/colocation competitors (Latitude.sh, Teraswitch). Its differentiation is the aggregator model: rather than owning data center capacity, it brokers bare-metal provisioning across 32+ third-party facilities, reducing capital intensity while offering geographic distribution. Tracxn ranked Edgevana 47th among 3,473 active competitors in blockchain services. The company has expanded beyond Solana to Avalanche and is developing Web2 enterprise edge compute products as of 2025. The shift toward AI compute (EdgeAI) and connectivity hardware (EdgeLink) represents a strategic broadening beyond crypto infrastructure, which may reduce concentration risk.","heading":"Competitive Position and Market Context","severity":"low","sources":[{"credibility":2,"name":"Tracxn: Edgevana company profile","type":"research","url":"https://tracxn.com/d/companies/edgevana/__glxnbJJP5O398rvTeKbJlmLf07khVzv3SmXCS7fEdwI"},{"credibility":2,"name":"Alchemy: List of RPC node providers on Solana","type":"research","url":"https://www.alchemy.com/dapps/list-of/rpc-node-providers-on-solana"}]}],"sources_used":[{"credibility":1,"name":"Edgevana official website","type":"official","url":"https://edgevana.com/"},{"credibility":1,"name":"Edgevana co-CEO appointment announcement","type":"official","url":"https://edgevana.com/news-posts/subhan-jahromi-and-ryan-fay-appointed-as-co-ceos"},{"credibility":2,"name":"PR Newswire: Solana Foundation Harnesses Edgevana","type":"news_article","url":"https://www.prnewswire.com/news-releases/solana-foundation-harnesses-edgevana-to-improve-validator-experience-301567032.html"},{"credibility":2,"name":"PR Newswire: Edgevana Adopts Solana Pay","type":"news_article","url":"https://www.prnewswire.com/news-releases/edgevana-adopts-solana-pay-to-become-the-first-web3-focused-bare-metal-data-center-company-to-accept-crypto-301587863.html"},{"credibility":2,"name":"PR Newswire: StackPath Partners with Edgevana","type":"news_article","url":"https://www.prnewswire.com/news-releases/stackpath-partners-with-edgevana-to-accelerate-web3-growth-301698380.html"},{"credibility":2,"name":"PR Newswire: Tour de Sun 2022","type":"news_article","url":"https://www.prnewswire.com/news-releases/edgevana-to-promote-decentralization-through-solana-foundations-tour-de-sun-2022-301623454.html"},{"credibility":2,"name":"PR Newswire: Kevin Odden joins Edgevana","type":"news_article","url":"https://www.prnewswire.com/news-releases/former-qwilt-limelight-and-stackpath-executive-kevin-odden-joins-edgevana-302417154.html"},{"credibility":2,"name":"PR Newswire: Michael Roberge appointed SVP","type":"news_article","url":"https://www.prnewswire.com/news-releases/edgevana-appoints-fund-manager-and-capital-markets-expert-michael-roberge-as-svp-of-institutions-and-digital-assets-302060723.html"},{"credibility":2,"name":"GlobeNewswire: Edgevana QuickRamp launch","type":"news_article","url":"https://www.globenewswire.com/news-release/2022/04/19/2424347/0/en/Edgevana-Announces-The-Launch-of-QuickRamp.html"},{"credibility":2,"name":"Data Center Frontier: Edgevana Web3 infrastructure profile","type":"news_article","url":"https://datacenterfrontier.com/edgevana-looks-to-speed-growth-for-web3-blockchain-infrastructure/"},{"credibility":2,"name":"Avax.network: Edgevana Avalanche partnership","type":"news_article","url":"https://www.avax.network/about/blog/edgevana-to-provide-infrastructure-to-avalanche-network-expanding-validator-decentralization"},{"credibility":2,"name":"SolanaCompass: edgeSOL stake pool statistics","type":"on_chain","url":"https://solanacompass.com/stake-pools/edgejNWAqkePLpi5sHRxT9vHi7u3kSHP9cocABPKiWZ"},{"credibility":2,"name":"Tracxn: Edgevana company profile","type":"research","url":"https://tracxn.com/d/companies/edgevana/__glxnbJJP5O398rvTeKbJlmLf07khVzv3SmXCS7fEdwI"},{"credibility":2,"name":"CB Insights: Edgevana company profile","type":"research","url":"https://www.cbinsights.com/company/edgevana"},{"credibility":2,"name":"Edge Infrastructure Review: Edgevana company page","type":"news_article","url":"https://www.edgeir.com/companies/edgevana"},{"credibility":1,"name":"Edgevana staking documentation","type":"official","url":"https://docs.stake.edgevana.com/docs/overview/description"}],"summary":"Edgevana is a Las Vegas-based bare-metal infrastructure and node-deployment platform founded in 2019, specializing in Solana validator onboarding, RPC node provisioning, and decentralized edge compute. The company operates a liquid staking product (edgeSOL) with approximately 839,000 SOL under management and has secured notable partnerships with the Solana Foundation, Avalanche, and StackPath. No regulatory actions, fraud allegations, or significant security incidents have been identified.","timeline":[{"date":"2019-01-01","event":"Edgevana Inc. founded by Mark Thiele and Subhan Jahromi in Las Vegas, Nevada, as a bare-metal data center aggregator.","source":"Data Center Frontier","source_url":"https://datacenterfrontier.com/edgevana-looks-to-speed-growth-for-web3-blockchain-infrastructure/"},{"date":"2021-01-01","event":"Edgevana raises initial seed funding with MetaWeb Ventures as an investor.","source":"Tracxn / CB Insights","source_url":"https://tracxn.com/d/companies/edgevana/__glxnbJJP5O398rvTeKbJlmLf07khVzv3SmXCS7fEdwI/funding-and-investors"},{"date":"2022-04-19","event":"Edgevana launches QuickRamp, a monthly subscription product for validator and node operator onboarding.","source":"GlobeNewswire","source_url":"https://www.globenewswire.com/news-release/2022/04/19/2424347/0/en/Edgevana-Announces-The-Launch-of-QuickRamp.html"},{"date":"2022-06-14","event":"Solana Foundation selects Edgevana to deploy 500 bare-metal servers across 32 facilities for validator onboarding improvement.","source":"PR Newswire","source_url":"https://www.prnewswire.com/news-releases/solana-foundation-harnesses-edgevana-to-improve-validator-experience-301567032.html"},{"date":"2022-07-08","event":"Ryan Fay joins Edgevana as CIO and CSO.","source":"Edge Infrastructure Review","source_url":"https://www.edgeir.com/edgevana-recruits-ryan-fay-as-the-new-cio-and-cso-20220708"},{"date":"2022-07-19","event":"Edgevana adopts Solana Pay, becoming the first bare-metal data center company to accept cryptocurrency payments (USDC, SOL, USDT).","source":"PR Newswire","source_url":"https://www.prnewswire.com/news-releases/edgevana-adopts-solana-pay-to-become-the-first-web3-focused-bare-metal-data-center-company-to-accept-crypto-301587863.html"},{"date":"2022-09-13","event":"Edgevana participates in Solana Foundation's Tour de Sun '22 validator incentive program.","source":"PR Newswire","source_url":"https://www.prnewswire.com/news-releases/edgevana-to-promote-decentralization-through-solana-foundations-tour-de-sun-2022-301623454.html"},{"date":"2022-12-01","event":"StackPath partners with Edgevana to jointly serve Solana Foundation Server Program members.","source":"PR Newswire","source_url":"https://www.prnewswire.com/news-releases/stackpath-partners-with-edgevana-to-accelerate-web3-growth-301698380.html"},{"date":"2023-09-26","event":"Mark Thiele steps down as CEO due to health challenges; Subhan Jahromi and Ryan Fay appointed co-CEOs.","source":"Edgevana official announcement","source_url":"https://edgevana.com/news-posts/subhan-jahromi-and-ryan-fay-appointed-as-co-ceos"},{"date":"2024-01-29","event":"Edgevana announces partnership with Avalanche to provide infrastructure, tooling, and dashboards to Avalanche's 1,600+ node operators.","source":"Avax.network","source_url":"https://www.avax.network/about/blog/edgevana-to-provide-infrastructure-to-avalanche-network-expanding-validator-decentralization"},{"date":"2024-02-01","event":"Michael Roberge appointed SVP of Institutions and Digital Assets to lead a dedicated institutional services department.","source":"PR Newswire","source_url":"https://www.prnewswire.com/news-releases/edgevana-appoints-fund-manager-and-capital-markets-expert-michael-roberge-as-svp-of-institutions-and-digital-assets-302060723.html"},{"date":"2025-04-01","event":"Kevin Odden, former Qwilt/Limelight/StackPath executive, joins Edgevana as SVP and Global Head of Connectivity Solutions.","source":"PR Newswire","source_url":"https://www.prnewswire.com/news-releases/former-qwilt-limelight-and-stackpath-executive-kevin-odden-joins-edgevana-302417154.html"}]},"v":1}

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