U.S.-listed Bitcoin mining companies are expanding their share of the global network hashrate, driven by easier access to capital markets compared to unlisted competitors. This financial edge enables them to scale operations quickly, contributing to industry consolidation. In October 2024, JPMorgan reported that 14 U.S.-listed miners combined for a record 28.9% of the global Bitcoin hashrate, marking a 70% year-to-date increase in their computing power.
According to Bernstein analysts, publicly traded miners benefit from greater access to debt and equity markets, giving them an advantage in this capital-intensive industry. Analysts recommend that leading miners prioritize expanding their market share and boosting hashrates.
As of February 15, 2025, notable U.S.-listed Bitcoin mining companies include:
Marathon Digital Holdings, Inc. (MARA): $16.90
Riot Platforms Inc (RIOT): $12.27
Hut 8 Corp (HUT): $20.47
Bitfarms Ltd. (BITF): $1.42
BIT Mining Ltd (BTCM): $2.39
These companies leverage their financial strength to scale operations, capturing a growing share of the global Bitcoin hashrate and positioning themselves as leaders in the evolving cryptocurrency mining industry.
