10 largest blockchain companies

The blockchain industry is still relatively young, but growing rapidly. Blockchains are distributed databases that are shared between nodes in computer networks. They are best known for the role they play in cryptocurrencies, such as Bitcoin, in maintaining a secure and decentralized overview of transactions.

Blockchains guarantee the authenticity and security of a data record and generate trust without the need for a trusted third party. Companies in the industry include financial technology (fintech) companies, miners in cryptocurrency, manufacturers of blockchain technology and other types of companies.

We look in detail below at the 10 largest blockchain companies by 12-month (TTM) revenues. Some companies outside the United States report profits semi-annually instead of quarterly, so the TTM data may be older than it is for companies that report quarterly. Some of these companies also have other sources of income in addition to the blockchain business. This list is limited to companies listed in the US or Canada, either directly or through US Depositary Receipts (ADR).

Coinbase Global is a global provider of financial infrastructure, including transaction services, and technology designed for the crypto-economy. The company’s platform enables retailers to invest, use, save, earn and use cryptocurrencies. The platform also provides institutions with a deep pool of liquidity for crypto-asset transactions and enables crypto-ecosystem partners to build crypto-based applications as well as securely accept crypto-assets as payment.

Coinbase became public in April 2021, and that is why there is no one-year subsequent total return data for the company.

• Revenue (TTM): $ 936.8 million
• Net income (TTM): $ 218.1 million
• Market value: $ 1.7 billion
• One year subsequent total return: 223.3%
• Stock Exchange: OTC Markets

Monex Group is a Japan-based online financial institution. It trades in online brokers in Japan, the United States, China and Australia. The company also offers services in asset management, investment education, advice on mergers and acquisitions (M&A), international currency (forex) and cryptocurrency exchange.

• Revenue (TTM): $ 450.1 million
• Net income (TTM): $ -27.9 million
• Market value: $ 494.5 million
• One year subsequent total return: 146.7%
• Stock Exchange: New York Stock Exchange (NYSE)

BIT Mining is a Hong Kong-based cryptocurrency mining company. Business operations span cryptocurrency mining, data center and mining pool. A mining pool is a common group of cryptocurrency miners who combine their computational resources over a network to succeed in mining by cryptocurrency. The company also owns the blockchain browser BTC.com.

• Revenue (TTM): $ 438.7 million
• Net income (TTM): $ 87.4 million
• Market value: $ 905.0 million
• One year subsequent total return: 24.7%
• Stock Exchange: Nasdaq

Canaan is a China-based provider of high-performance computing solutions. The company is focused on application-specific integrated circuit (ASIC) high-performance computer chip design, as well as chip research and development, production of computer equipment and software services. It offers a range of artificial intelligence (AI) services and is involved in research and development of advanced technology, such as AI chips, AI algorithms, system-on-chip integration (SoC) and more.

• Revenue (TTM): $ 254.6 million
• Net income (TTM): -76.4 million dollars
• Market value: $ 1.2 billion
• One year subsequent total return: 314.4%
• Stock Exchange: OTC Markets

Voyager Digital operates as a brokerage house for cryptocurrencies that gives private clients and institutional clients access to a digital platform for buying and selling cryptocurrencies. The company’s mobile application offers a secure way to trade more than 60 different cryptocurrencies. It also offers global crypto payment solutions for consumers and sellers.

• Revenue (TTM): $ 224.9 million
• Net income (TTM): -7.2 million dollars
• Market value: $ 238.7 million
• One year subsequent total return: -51.8%
• Stock Exchange: NYSE

SOS is a China-based technology company that claims to have AI blockchain as its core technology. The company offers customers information technology services such as rescue, big data, commerce and digital asset management. It also offers information security services and marketing-related data, technology and solutions for emergency rescue services such as insurance, finance, medical treatment, health, automotive, security and mutual assistance.

• Revenue (TTM): $ 245.8 million
• Net income (TTM): $ 132.2 million
• Market value: $ 975.3 million
• One year subsequent total return: 25.7%
• Stock Exchange: Nasdaq

HIVE Blockchain Technologies is a Canada-based cryptocurrency mining company. The company owns 100% green energy-powered data center facilities in Canada, Sweden and Iceland, which are used to extract digital currencies such as Bitcoin and Ethereum.

• Revenue (TTM): $ 170.9 million
• Net income (TTM): $ 78.5 million
• Market value: $ 2.9 billion
• One year subsequent total return: 168.5%
• Stock Exchange: NYSE

Silvergate Capital is the parent company of Silvergate Bank, a provider of financial infrastructure solutions and services to participants in the digital currency industry. The company utilizes its technology platform to develop solutions for many of the largest US digital currency exchanges and investors around the world.

• Revenue (TTM): $ 127.6 million
• Net income (TTM): $ 15.4 million
• Market value: $ 2.7 billion
• One year subsequent total return: 123.6%
• Stock Exchange: Nasdaq

Riot Blockchain is a Bitcoin mining company. The company’s mining operations include its Texas plant and its hosted miners at Coinmint LLC’s New York plant. The US facility is a wholly owned subsidiary of Riot Blockchain and consists of the largest single Bitcoin mining and hosting facility in North America, measured by its electricity-generating capacity.

• Revenue (TTM): $ 121.1 million
• Net income (TTM): $ 7.1 million
• Market value: $ 885.6 million
• One year subsequent total return: 323.8%
• Stock Exchange: Nasdaq

Bitfarms is a Canada-based cryptocurrency mining company. In addition to mining, it offers on-site technical repairs, data analysis and electrical engineering and installation services. It operates in two primary segments: the first operates server farms that support the validation and verification of blockchain transactions, and the second provides electrician services to commercial and private customers in Quebec.