Who are the world's leading mining manufacturers?

Original title: "Who are the top ten cryptocurrency mining companies in the world by market capitalization?" 》

Original source: Juan Technology

As the unit price of Bitcoin continues to break through historical highs , the cryptocurrency market activity began to rise, and the market value of global cryptocurrency-related listed companies also rose. At present, there are more than 20 listed companies in the world related to cryptocurrency mining, and the top cryptocurrency mining companies by market capitalization are as follows:

1. Bitfarms Ltd .

Bitfarms is a Canadian mining company. The company operates five mines in Quebec, Canada, all powered by renewable energy, with an average electricity cost of 4 cents per kWh. Bitfarms raised a round of funding from Dominion Capital in 2019. The company has a dedicated ASIC monitoring and management platform. The company was founded on October 11, 2018 and listed on the Toronto Stock Exchange Venture Exchange (TSXV) in 2019. The current market cap is around $160 million.

2. Ebang

Ebang International was established in January 2010. The main business is divided into two categories: telecommunications services and ASIC mining machine sales. Ebang's first mining business was manufacturing equipment for Canaan Technology. It is rumored that Yibang has cooperated with TSMC and Samsung to develop chips. Ebang also has a custody business, which accounted for 15% of revenue last year. Ebang went public in June 2020, and its current market value is about more than 400 million US dollars.

3. Hut 8 Mining

Hut 8 is a bitcoin mining company in Canada , had signed an exclusive equipment cooperation agreement with Bitfury in Canada, but renegotiated in 2020 to allow it to purchase mining machines from other manufacturers. Hut 8 has mining machine models such as BlockBoxes and Whatsminer, with an operating capacity of 107 megawatts. The company had partnered with Genesis Global Capital for debt financing. Hut 8 uses an intelligent response system that can shut down inefficient mining machines when mining profitability is low. In January 2018, the company listed on the Toronto Stock Exchange through a reverse merger. The current market value is about 400 million US dollars.

4. Canaan, Inc.

Canaan (CAN) Technology is a well-known domestic Bitcoin ASIC mining machine manufacturer, owns the well-known brand Avalon mining machine. Founded in 2013, Canaan Technology was the first to develop FPGA products based on the SHA-256 algorithm, and later released the Avalon ASIC mining machine. Canaan has cooperated with SMIC, Samsung and TSMC, and now has a branch dedicated to AI research. Canaan listed on the New York Stock Exchange in November 2019. Canaan currently has a market capitalization of approximately US$590 million.

5. Marathon Patent Group Co., Ltd

Marathon Patent is a professional encryption Currency mining company, focusing on the blockchain ecosystem and digital assets. It operates a mine in Quebec, Canada. Founded in February 2010, Marathon Patent is headquartered in Las Vegas, Nevada. The listed mining company currently has a market capitalization of approximately US$760 million.

6. Riot Blockchain

Riot Blockchain is a bitcoin mining company that has previously dug bitcoin Cash and Litecoin, but now all computing power is put on Bitcoin mining. In 2020, Riot announced a partnership with North American custody company Coinmint. In 2018, the company began to transform by acquiring a mine in Oklahoma City, USA, and 7,500 Antminer S9s. Founded on July 24, 2000, Riot Blockchain is headquartered in Castle Rock, Colorado, and currently has a market capitalization of approximately $820 million.

7. HIVE Blockchain

HIVE Blockchain is one of the world's leading mining companies, its Bitcoin mining farms are located in Canada, Sweden, and Iceland, among others. In addition to Bitcoin, the company also mines Ethereum and ETC. HIVE Blockchain was traded on the Toronto Stock Exchange Venture Exchange (TSX Venture Exchange) in September 2017. The current market value is about more than 1 billion US dollars.

8. Northern Data AG

Northern Data merged with the US mine Whinstone in 2019 . The company is engaged in bitcoin mining and hosting, as well as high-performance computing (HPC). Notably, Northern Data provides hosting services to Japanese conglomerates SBI and GMO. In late 2019, the company changed its name from Northern Bitcoin to Northern Data. Northern Bitcoin went public in Germany in April 2015. The company's current market cap is around $1 billion.

As the two largest Bitcoin ASIC mining machine manufacturers in the world, Bitmain and Microbit are considered to be the most competitive among cryptocurrency mining companies two companies. It is generally believed in the industry that if these two mining companies become listed companies, they will surely occupy two positions in the top ten of the global mining listed companies by market capitalization. At present, Microbit has not announced its listing plan, and Bitmain will continue to start the listing journey after the internal dispute is resolved. It is reported that the co-founder of Bitmain promised to complete the compliant listing of the US stock market before December 31, 2022, with a valuation of no less than US$5.5 billion.

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