Largest Bitcoin miners by market capitalization (2024)

FAQs

Who are the largest Bitcoin miners by market capitalization? ›

The country's five largest public-traded Bitcoin miners by market capitalization, Marathon Digital (MARA), CleanSpark (CLSK), Riot Platforms (RIOT) Cipher Mining (CIFR), and Hut 8 (HUT) all gained over the April 22 trading day and have continued to gain in after-hours trading, per Google Finance.

The biggest bitcoin mining countries are: 1) The United States (40%) 2) China (15%) 3) Russia (12%) This map will look very different in 1-2 years as miners in Africa and Latin America expand operations. A massive trend in the industry will be miners migrating toward these regions.

MicroStrategy at the Top. As the world's largest corporate owner of bitcoin, MicroStrategy holds 174,530 bitcoin valued at an estimated $9.1 billion as of February 22, 2024.

Riot Platforms, which operates North America's largest bitcoin mining facility in Rockdale, Texas, is a coplaintiff. Inside the Largest Bitcoin Mine in The U.S.

The Bitmain Antminer S21 Hyd 335T is the most profitable Bitcoin mining machine currently, followed by the Canaan Avalon Made A1266, and MicroBit Whatsminer M50S. If you want to mine other cryptocurrencies, the Bitmain Antminer KS3, Bitmain Antminer D9, and Bitmain Antminer K7 are all solid choices.

Over the last few years, Texas has become a global leader in crypto mining because miners can access cheap energy and land there, as well as benefit from friendly tax laws and regulation.

The Top 5 Bitcoin Miners

(BITF), Marathon Digital Holdings (MARA), Bit Digital (BTBT), CleanSpark Inc. (CLSK), and Iris Energy (IREN). Each of these companies, known for mining operations and innovative clean energy solutions for cryptocurrency mining, stands at the forefront of the growing digital currency landscape.

The USA. For a while now, the United States has cemented its position as the global leader in Bitcoin mining. Going by 2023 mining statistics, the US alone contributed over 38% of the total Bitcoin network hash rate.

According to data from Bitinfocharts, as of March 2023, there are approximately 827,000 addresses that hold 1 bitcoin or more, representing around 4.5% of all addresses on the Bitcoin network.

F rom the increasingly ferocious federal crackdown on the cryptocurrency business, it might appear the U.S. government cannot stand digital currencies. Yet there is a love-hate dynamic: the Treasury is sitting on a stash of 207,189 bitcoin, worth $5 billion, by far the largest such state-owned hoard.

Does the U.S. government own Bitcoin? ›

The federal government's relationship with bitcoin has generated numerous headlines over the years, which is surprising, considering that the U.S. government is one of the largest holders of bitcoins.

New data highlights that Nevada is the US state showing the most interest in cryptocurrency trading, followed by California and New York, respectively, according to research conducted by cryptobetting.org, a crypto education and advisory platform.

The leading United States mining company based on revenue as of 2023 was Freeport-McMoRan. At that time, the company's revenue during the most recent fiscal year amounted to 22.7 billion U.S. dollars.

Marathon Digital, Hut 8 Mining Corp, and Riot Platforms are the top three publicly-listed Bitcoin mining companies with the most Bitcoins owned. The three companies collectively hold 30,401 BTC or 78% of the total BTC holdings among the leading mining companies.

According to their analysis, Tesla holds over $771 million worth of Bitcoin across its wallets, while SpaceX wallets contain approximately $555 million in BTC. The report further delves into the companies' Bitcoin transaction history since early 2021.

Michael Saylor, the chairman and co-founder of MicroStrategy, started buying Bitcoin in 2020 as an inflation hedge and alternative to holding cash. The company holds 214,246 tokens valued at around $14 billion. The maximum total amount of Bitcoin is 21 million, with about 19.7 million tokens having been issued so far.

As of March 31, 2024 the Company holds a total of 17,381 unrestricted BTC. Marathon opted to sell 440 bitcoin in March.