On Wall Street, who is the biggest Bitcoin Miner?

Mining of bitcoins is now rapidly spreading across Wall Street, with many companies participating in the most profitable process of obtaining the first digital currency in the world. How about we look at five of the biggest Bitcoin miner by market value next?

Companies mines the most Bitcoins

Marathon Digital Holdings (NASDAQ)

Marathon Digital Holdings remains on the highest rank with a market capitalization level of nearly $6 billion. This is a Las Vegas-based company whose principal business is to mine Bitcoin utilizing a voracious array of ASIC based miners. This is the case of Marathon despite a recent legal brouhaha that recently lost a $138 million fine that pegged it as a powerful contender.

CleanSpark (NASDAQ: CLSK)

Standings of Market Cap firms, CleanSpark comes in second position with a market cap of $3.7 billion. This American company is based in Nevada and was established in 1987; they have engaged in cryptocurrencies and launched data centers for environmentally friendly Bitcoin mining. CleanSpark is still growing the company and its latest acquisitions are located in Wyoming.

Riot Blockchain (NASDAQ: RIOT)

Riot Blockchain, as of the valuation of the company, is $3.1 billion, has been active in the crypto mining market mainly after the outbreak of the pandemic. Located in Castle Rock, Colorado, Riot is expanding the sources of income since energy sources have been proven to bring in good earnings.

Cipher Mining (NASDAQ: CIFR)

Cipher Mining which was established in 2021 has a market capitalization of approximately $1.7 billion. This New York City-based start-up is focused on the creation of new low-cost high-throughput Bitcoin mines in the United States.

Core Scientific (NASDAQ: CORZ)

Core Scientific completes the top five with market capitalization around $1.7 billion. This Texas based firm still presents a relevant picture in the market, the last large acquisition received 27,000 Bitcoin mining equipment from Bitmain.

Challenging Days for Support and Mining in the Stock Exchange

Although their price has skyrocketed this year, not all involved miners have had a good time in the stock market. Some of the investors who invested in crypto mining firms experience significant drops in their share prices; these are Marathon Digital Holdings and Riot Blockchain. On the other hand, CleanSpark and Cipher Mining have positive YTD returns.

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Disclaimer: The information provided by CryptopianNews is for educational and informational purposes only. It should not be considered financial or investment advice. Cryptocurrency markets are highly volatile and speculative, and investing in them carries inherent risks. Readers are advised to conduct their own research and consult with a qualified financial advisor before making any investment decisions.