Bitcoin mining giants listed on Wall Street
The Bitcoin mining industry is one of the most developed industries in the world of cryptocurrencies, as many major companies have become listed on global stock markets, especially on Wall Street.
In this article, we review the five largest Bitcoin mining companies by market capitalization, which are leading the industry towards a more prosperous future.
The company was founded in 2010 and is headquartered in Las Vegas, Nevada.
Under the leadership of CEO Fred Thiel, who took over in April 2021, the company is focused on mining Bitcoin using a huge fleet of specialized ASIC mining rigs.
The company's stock has achieved a significant increase of more than five-fold since its lowest levels last winter for cryptocurrencies, and is currently trading at about $20 per share.
- CleanSpark (NASDAQ: CLSK)
CleanSpark comes in second with a market capitalization of $3.7 billion.
Founded in 1987, the company specializes in sustainable energy technology.
The company is headquartered in Henderson, Nevada, and is headed by Zachary Bradford.
CleanSpark has recently moved into Bitcoin mining, and has achieved notable success by managing environmentally friendly mining facilities and developing software solutions to improve energy management.
In August 2024, the company announced the signing of new energy contracts and the acquisition of the first Bitcoin mining site in Wyoming.
- Riot Blockchain (NASDAQ: RIOT)
Riot Blockchain ranks third with a market capitalization of $3.1 billion.
The company was founded in 2000 as an energy company and is headquartered in Castle Rock, Colorado.
The company is under the leadership of CEO Jason Lees.
The company focuses on expanding mining operations and developing blockchain technologies.
Besides Bitcoin mining, Riot contributes to energy sales, generating record revenues for the company.
Jason Lees noted that last August, the company generated revenues of $31.7 million from energy sales, which is equivalent to about 1,136 bitcoins, based on the average price of bitcoin that month.
- Cipher Mining (NASDAQ: CIFR)
Cipher Mining is one of the younger companies on this list. The company was founded in 2021 and is headquartered in New York City.
With a market value of $1.7 billion, the company under CEO Tyler Page aims to become a leader in large-scale, low-cost Bitcoin mining operations in the United States.
- Core Scientific (NASDAQ: CORZ)
Founded in 2017, Core Scientific is a major provider of blockchain infrastructure and hosting services.
The company is headquartered in Austin, Texas, and is currently led by CEO Adam Sullivan.
Despite being new to the market, the company has quickly gained investors' trust by positioning itself firmly in the Bitcoin mining industry.
