Eight Bitcoin miners cross $1 billion market cap

Quick Take Recent data from Farside reveals that 8 out of the top 30 publicly traded Bitcoin miners have achieved market capitalizations exceeding $1 billion. Marathon Digital Holdings leads the pack with a market cap of $5.5 billion, followed by Cleanspark at $3.6 billion and Riot at $2.9 billion. Other notable miners include IREN and […]

Don't got time to read? Listen it & multi task

Quick Take

Recent data from Farside reveals that 8 out of the top 30 publicly traded Bitcoin miners have achieved market capitalizations exceeding $1 billion.

Marathon Digital Holdings leads the pack with a market cap of $5.5 billion, followed by Cleanspark at $3.6 billion and Riot at $2.9 billion. Other notable miners include IREN and Core Scientific, each valued at $1.5 billion, Northern Data at $1.4 billion, Cipher Mining at $1.3 billion, and Terawulf at $1 billion. Bitfarms, Hut 8, and Bitdeer Technologies are also approaching the $1 billion mark. Collectively, the total market cap of these 30 miners stands at $23 billion.

Bitcoin Miners Market Cap: (Source: Farside)
Table showing the market capitalization of publicly-traded Bitcoin mining companies (Source: Farside)

The Bitcoin Miners ETF, WGMI, has risen 9% this year, a significant recovery from its earlier 26% year-to-date decline. WGMI’s performance diverged from MicroStrategy (MSTR) in late February — MSTR has surged 134% YTD, while Bitcoin itself has increased by over 53%. In comparison, MSTR boasts a market cap of slightly over $28.

YTD: BTCUSD, MSTR, WGMI: (Source: TradingView)
Graph showing the YTD returns for  BTCUSD, MSTR, and WGMI (Source: TradingView)

The post Eight Bitcoin miners cross $1 billion market cap appeared first on CryptoSlate.

Latest articles by Glenn Nasta

PEGA Pool is the Powered By Sponsor for Mining Disrupt 2023, Supporting Greener Future for Bitcoin Mining
Codego Crypto Gift Cards
Codego Launches the New Era of Crypto Gift Cards
HJHRE Reports HJH Investments’ First Quarter 2023 Results
Introducing DexCheck: The Future of AI-Enhanced Analytics in Crypto and NFT Markets
Introducing DexCheck: The Future of AI-Enhanced Analytics in Crypto and NFT Markets
Translate »