Six largest crypto mining companies

Since the introduction of cryptocurrencies, we have seen many mining companies come around. In the beginning, miners were at the top of the chain and the best way to get cryptocurrency at the time was to have a mining rig. Today, thanks to the advancements in crypto technology, there are several ways to get crypto.

Depending on your preferences, you can even use your cryptocurrencies to place UFC best bets or on other sports. Cryptocurrencies are becoming a top competition today and we are sure there is more to come. With the growth of the crypto world, let’s check out some of the best crypto mining companies.

These companies are dedicated to providing mining services and as a result they have become some of the best brands in crypto mining. If so, we have listed six of them for you. You should keep reading to find out more about these mining companies. Without wasting time, let’s find out about them.

Marathon Digital Holdings

Marathon Digital Holdings has a market cap of about $2.71 billion and is growing. The company was one of the pioneers and one of the first to start trading on NASDAQ. They focus on developing North America’s most significant and low-cost mining operations.

The company recently entered into an agreement with Compute North to acquire a 300 MW facility, and the facility will house around 73,000 miners. In addition, it will be 100% carbon neutral. And by April 2022, the company reported that it had produced around 1,259 bitcoins in the first quarter of 2022.

Riot Blockchain

Another name on our list is Riot Blockchain, one of the top cryptocurrency mining companies trading on NASDAQ. The company currently has a market value of around $2.26. It is an impressive company with many aspects, which includes facilities that host bitcoin mining tools for customers.

The company reported in March that it has produced around 511 bitcoins, which is about a 176% increase from what it produced 12 months earlier. The company also boasted a hash rate of about 4.3 exahashes every second. And in early April, they deployed around 42,919 miners.

Canaan

Canaan is a crypto mining hardware company located in Hangzhou, China. The company invented one of the first ASIC-controlled bitcoin mining systems in 2013. Since then, they have grown to become one of the world’s largest cryptocurrency mining hardware providers and are continuously growing.

The company makes high-end artificial intelligence chips to aid commercial use, which depends on the Risc-V architecture. Canaan reported that it received a huge boost, and in the revenue highlights, it has collected $342.8 million in that period, which is over 60% more than the previous quarter.

Cabin 8 Mining

Hut 8 Mining has become one of the largest mining companies, especially in Ethereum and Bitcoin. The company has over 121 MW of power capacity and apart from that it has three digital asset mining facilities. It also has five different tiers of data centers to provide high-performance computing and over 400 commercial high-end computing customers.

The company has had a huge boost over the years, and one of the most significant was when it saw up to 327% increase in its annual revenue when bitcoin reached its all-time high. Apart from mining, the company has diversified and they have now ventured into the data center business.

HIVE Blockchain

HIVE Blockchain is a top company specializing in digital mining including bitcoin, Ethereum and Ethereum classic. The company went public and first listed as a cryptocurrency miner in 2017 on the TSX Venture Exchange. Since then, the brand has become a top crypto mining agency.

The company plans to secure additional ASIC and GPU hardware, which will improve the hash rate from 3.3 exahashes of bitcoin to 6.2 exahashes of BTC equivalents within a year. If they can achieve this, we will see them grow in market cap and start competing with other top crypto mining companies.

Bit farms

In North America, we have a couple of the best cryptocurrency mining institutions, and Bitfarms is one of them. If you are looking for a premium option that provides incredible crypto mining services, you should check out Bitfarms. The company currently has five water-powered facilities in Canada, where it provides computing power to mine bitcoin and other cryptocurrencies.

Apart from making money from mining, the company also receives payment from crypto networks for processing and securing transactions. The company reported completing the first 12 MW of the Bunker Site in Quebec. With the upgrade, the company gets an additional 3,000 miners to improve operations.

As a result, it will improve capacity, adding more than 300 petahashes every second to the current hash rate on the web, making it a top option for crypto mining.

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