Facts on Bitcoin Miners: Insights into Key Crypto Companies 🏗️💡🚀

REF GROK

Here’s a clean, ranked summary table with links, market cap, cash, beat potential, next earnings, and commentary on each company 👇 Source CHATGP

🔝 Top Ranked Digital Asset Companies (April 2025 Edition)

🏆 Summary Leaderboard

Bitcoin mining companies play a crucial role in the cryptocurrency ecosystem, utilizing high-performance computing hardware to solve complex problems and validate Bitcoin transactions. The rewards for mining include newly minted Bitcoin, but profitability depends on factors like Bitcoin’s price, mining difficulty, and operational efficiency.

The White House January 23, 2025

President Trump is fulfilling his promise to make the United States the “crypto capital of the planet.”

Bitcoin historical Data – Prices  Link

Important Factors

SOLD all my $BTC today at $100.4K

It has been a fun ride holding the corn all the way from FTX bankruptcy and Luna ponzi (<$20K) to euphoria again.

Not buying back until $31K here is why..

(1/6) pic.twitter.com/4dRh0t2tii

— Mr Wolf ⋈ ττ (@Wolfquant) December 7, 2024

Bitcoin halving dates with the requested 500 days before and after, along with added emojis:

1. Last halving (2024):
   • Date: April 13, 2024 
   • 500 days before: November 27, 2022 
   • 500 days after: September 25, 2025 
2. Halving after (2028):
   • Estimated date: March 20, 2028 
   • 500 days before: September 3, 2026 
   • 500 days after: August 2, 2029 
3. Halving after (2032):
   • Estimated date: March 3, 2032 
   • 500 days before: September 17, 2030 
   • 500 days after: August 19, 2033 

https://x.com/thescalpingpro/status/1879817220563566654?s=46&t=dIyEx0slixDheYh6TvSBrg

Top Bitcoin miners 3 months by president62324 on TradingView.com

https://www.barchart.com/shared-watchlist/3821?uid=6758578728d1c

Top Bitcoin miners 3 months by president62324 on TradingView.com

Source https://www.youtube.com/watch?v=aEi45oIHNm8

Fear and greed index Bitcoin

Simple Rules for Taking Profit on Bitcoin 💰📈 with Historic Examples 📜🔍

Here’s an expanded guide with emojis and historic facts to help you understand why taking profits at certain points is crucial:

1. RSI Above 70 – Overbought Levels 📊⚠️

• Rule: Sell when RSI exceeds 70 (overbought). Historically, these levels precede corrections.
• Examples:
  • December 2017: RSI hit 90+, signaling Bitcoin’s ~$20,000 peak. By February 2018, it plunged to ~$6,000.
  • April 2021: RSI exceeded 75 as Bitcoin neared ~$64,000. The price dropped to ~$30,000 by July.
• Why: Overbought RSI indicates unsustainable buying pressure—taking profit here preserves gains.

2. Parabolic Rallies 🚀📉

• Rule: Sell during sharp, exponential price surges.
• Examples:
  • November 2013: Bitcoin jumped from $200 to ~$1,150 in weeks, then collapsed to ~$400 in 2014.
  • April 2021: Bitcoin tripled from ~$20,000 in December 2020 to ~$64,000, then corrected to ~$30,000.
• Why: Parabolic rallies often end with steep corrections. Profiting near the top avoids losses.

3. Psychological Resistance Levels 💵🔒

• Rule: Sell near key round numbers like $20,000 or $50,000.
• Examples:
  • December 2017: Bitcoin stalled near ~$20,000 before crashing.
  • November 2021: Bitcoin peaked at $69,000, just shy of $70,000, and corrected to ~$35,000.
• Why: Round numbers attract selling pressure, often marking local tops.

4. Post-Halving Peaks 🌗📅

• Rule: Watch for price peaks 12-18 months after halving events.
• Examples:
  • 2016 Halving → December 2017 Peak: Bitcoin soared from ~$500 to ~$20,000 (~18 months post-halving).
  • 2020 Halving → November 2021 Peak: Bitcoin climbed from ~$8,000 to ~$69,000 (~18 months post-halving).
• Why: Halvings reduce miner rewards, triggering supply squeezes and bull runs. Peaks after halvings historically align with major tops.

5. Fear and Greed Index 📈🤑😱

• Rule: Sell when the index shows Extreme Greed (>80).
• Examples:
  • November 2021: Index hit 84 as Bitcoin peaked at ~$69,000, followed by a sharp drop to ~$35,000.
  • January 2018: Extreme Greed coincided with Bitcoin’s ~$20,000 peak before a bear market.
• Why: Greedy sentiment often signals market tops. Taking profit at these points avoids corrections.

6. Dollar-Cost Averaging Out 🏦⏳

• Rule: Sell in increments during uptrends to secure profits gradually.
• Examples:
  • 2017 Bull Run: Selling gradually from ~$10,000 to ~$19,000 protected gains even after the crash to ~$6,000.
  • 2021 Bull Run: Selling at intervals from ~$40,000 to ~$60,000 preserved profits as Bitcoin later corrected.
• Why: DCA minimizes emotional decisions and locks in profits over time.

7. Bitcoin Dominance 🥇📉

• Rule: Take profit when Bitcoin dominance starts falling after peaking.
• Examples:
  • January 2018: Bitcoin dominance fell from 70% to 33% as altcoins surged, signaling the end of Bitcoin’s bull run (~$20,000 to ~$6,000).
  • May 2021: Bitcoin dominance dropped below 40% during an altcoin boom, signaling market instability.
• Why: Falling dominance often indicates market rotation into altcoins or broader risk-off behavior.

8. Mayer Multiple (MM) 📐🧠

• Rule: Take profit when MM > 2.4 (price significantly above 200-day moving average).
• Examples:
  • December 2017: MM exceeded 2.4 as Bitcoin neared ~$20,000.
  • April 2021: MM surpassed 2.4 when Bitcoin hit ~$64,000.
• Why: The MM reflects extreme overvaluation. Selling at these levels avoids corrections.

9. Golden Ratio Multiplier 📏🔮

• Rule: Sell when Bitcoin’s price touches or exceeds the 350-day moving average multiplied by the golden ratio (1.618).
• Examples:
  • December 2017: Bitcoin touched the multiplier line at ~$20,000 before correcting.
  • November 2021: The multiplier coincided with Bitcoin’s ~$69,000 peak.
• Why: Historically, prices exceeding this level signal major cycle tops.

10. Market Cycle Behavior 🔄📉

• Rule: Watch for euphoric sentiment during the “mania” phase of a market cycle.
• Examples:
  • December 2017: Bitcoin’s rapid rise to ~$20,000 reflected mania; taking profit avoided the crash.
  • November 2021: FOMO buying near ~$69,000 indicated a similar euphoric phase.
• Why: The mania phase is often followed by sharp corrections.

Summary of Key Dates & Peaks:

• 2013: Bitcoin peaked at ~$1,150 before falling to ~$400.
• 2017: Bitcoin hit ~$20,000, followed by a drop to ~$6,000 in 2018.
• 2021: Bitcoin reached ~$64,000 in April, corrected to ~$30,000, then peaked at ~$69,000 in November before crashing.

When to Buy or Sell Bitcoin Miners’ Stocks 💹⛏️📈

Bitcoin miners’ stocks are influenced by Bitcoin prices, mining profitability, energy costs, and market sentiment. Here’s a guide with emojis and historic facts to help you decide when to buy or sell these stocks:

📥 When to Buy Bitcoin Miners’ Stocks

1. During Bear Markets 🐻📉
   • Rule: Buy miners’ stocks when Bitcoin prices are low, as mining profitability is often suppressed.
   • Examples:
     • December 2018: Bitcoin bottomed near ~$3,200. Mining stocks like Riot Blockchain (RIOT) and Marathon Digital (MARA) hit multi-year lows. Those who bought during this period saw massive gains during the 2021 bull market.
     • June 2022: Bitcoin fell below ~$20,000, and miners’ stocks like Hut 8 Mining (HUT) dropped. These levels presented buying opportunities ahead of recovery in 2023.
   • Why: Miners’ stocks are highly leveraged to Bitcoin prices, offering significant upside in the next bull run.

2. Halving Events 🌗🛒
   • Rule: Accumulate miners’ stocks 6-12 months before Bitcoin halvings.
   • Examples:
     • 2016 Halving: Buying mining stocks before the halving led to massive gains as Bitcoin rallied in 2017.
     • 2020 Halving: Stocks like Riot Blockchain and Marathon Digital surged over 1,000% in the following year.
   • Why: Halvings reduce Bitcoin supply, increasing mining rewards in fiat terms during bull runs.

3. When Hash Rates Drop ⬇️⚡
   • Rule: Buy when mining difficulty drops due to significant hash rate reductions (e.g., regulations, energy crises).
   • Examples:
     • June 2021: China banned Bitcoin mining, causing a massive drop in hash rates. Miners outside China, like Hut 8 and Core Scientific, gained market share and rallied as operations stabilized.
   • Why: Reduced competition often boosts profitability for surviving miners.

4. During Energy Price Declines 🛢️⚡📉
   • Rule: Buy when energy prices (a major cost for miners) drop significantly.
   • Examples:
     • Early 2020: Falling oil and energy prices due to the COVID-19 pandemic reduced miners’ operating costs, leading to a recovery in stock prices.
   • Why: Lower energy costs improve miners’ margins, making their stocks more attractive.

5. Ahead of Bull Markets 🚀📈
   • Rule: Accumulate mining stocks during consolidation phases before Bitcoin bull runs.
   • Examples:
     • 2019: Bitcoin stabilized between $3,000-$10,000, and mining stocks began recovering. By 2021, many mining stocks saw multi-fold gains.
   • Why: Miners’ stocks typically outperform Bitcoin during bull markets due to their leveraged exposure.

📤 When to Sell Bitcoin Miners’ Stocks

1. During Bitcoin Price Peaks 🚨💰
   • Rule: Sell miners’ stocks when Bitcoin reaches parabolic highs.
   • Examples:
     • December 2017: Bitcoin peaked near ~$20,000, and miners’ stocks like Riot Blockchain dropped shortly after.
     • November 2021: Bitcoin’s ~$69,000 peak preceded a sharp decline in mining stocks.
   • Why: Miners’ stocks are highly correlated to Bitcoin and tend to fall during corrections.

2. When Margins Decline 📉⚠️
   • Rule: Sell when mining profitability drops due to rising difficulty or falling Bitcoin prices.
   • Examples:
     • Mid-2018: Rising mining difficulty and falling Bitcoin prices hurt miners’ profitability, leading to stock declines.
     • 2022: High energy costs combined with Bitcoin’s price drop squeezed miners’ margins, causing stock sell-offs.
   • Why: Reduced margins often lead to declining stock prices.

3. Energy Crises 🚨⚡📉
   • Rule: Sell when energy costs rise significantly, as they erode miners’ profitability.
   • Examples:
     • 2022 Energy Crisis: High global energy prices significantly increased operational costs for miners, causing stocks like Marathon Digital and Riot Blockchain to decline.
   • Why: Miners rely on cheap energy, and rising costs hurt their bottom line.

4. Hash Rate Spikes 📊📛
   • Rule: Sell when mining difficulty spikes due to increased hash rate competition.
   • Examples:
     • 2021: As new mining rigs entered the market, increased competition reduced individual miners’ rewards, pressuring stock prices.
   • Why: Higher difficulty reduces profitability, leading to lower stock valuations.

5. After Major Regulatory Changes ⚖️📉
   • Rule: Sell when significant regulations negatively affect miners’ operations.
   • Examples:
     • 2021 China Ban: Stocks with exposure to Chinese miners saw immediate declines after the mining ban.
     • 2023 U.S. Regulations: Uncertainty around U.S. mining policies caused short-term declines in mining stocks.
   • Why: Regulatory risks can disrupt operations and hurt profitability.

Public Companies that Own Bitcoin

(source updated 7th April 2025)

Public Companies that Own Bitcoin

Entity	Country	Symbol:Exchange	Filings & Sources	# of BTC	Value Today	% of 21m
MicroStrategy		MSTR:NADQ	Filing | News	528,185	$41,394,814,464	2.515%
Marathon Digital Holdings Inc		MARA:NADQ	Filing | News	46,374	$3,634,414,316	0.221%
Riot Platforms, Inc.		RIOT:NADQ	Filing | News	18,692	$1,464,925,872	0.089%
CleanSpark Inc		CLSK:NASDAQ	Filing | News	11,869	$930,195,012	0.057%
Tesla, Inc		TSLA:NADQ	Filing | News	11,509	$901,981,161	0.055%
Hut 8 Corp		HUT:NASDAQ	Filing | News	10,237	$802,292,218	0.049%
Coinbase Global, Inc.		COIN:NADQ	Filing | News	9,000	$705,346,290	0.043%
Block, Inc.		SQ:NYSE	Filing | News	8,485	$664,984,807	0.04%
Galaxy Digital Holdings		BRPHF:OTCMKTS	Filing | News	8,100	$634,811,661	0.039%
Metaplanet Inc.		3350.T:TYO	Filing | News	4,206	$329,631,832	0.02%
Bitcoin Group SE		BTGGF:TCMKTS	Filing | News	3,830	$300,164,032	0.018%
Semler Scientific		SMLR:NASDAQ	Filing | News	3,192	$250,162,817	0.015%
HIVE Digital Technologies		HIVE:NASDAQ	Filing | News	2,620	$205,334,142	0.012%
Boyaa Interactive International Limited		0434.HK:HKEX	Filing | News	2,410	$188,876,062	0.011%
Voyager Digital LTD		VOYG:TSX	Filing | News	2,287	$179,236,329	0.011%
BitFuFu, Inc.		FUFU:NASDAQ	Filing | News	1,800	$141,069,258	0.009%
NEXON Co. Ltd		NEXOF:OTCMKTS	Filing | News	1,717	$134,564,397	0.008%
Exodus Movement Inc		EXOD:OTCMKTS	Filing | News	1,300	$101,883,353	0.006%
Canaan Inc.		CAN:NASDAQ	Filing | News	1,293	$101,334,750	0.006%
Bitfarms Limited		BITF:NASDAQ	Filing | News	1,260	$98,748,480	0.006%
Brooker Group’s BROOK (BKK)		BROOK:BKK	Filing | News	1,150	$90,127,581	0.005%
Bitdeer Technologies Group		BTDR:NASDAQ	Filing | News	1,039	$81,428,310	0.005%
Cipher Mining		CIFR:NASDAQ	Filing | News	1,032	$80,879,707	0.005%
Meitu		HKD:HKG	Filing | News	941	$73,747,873	0.004%
Cango Inc.		CANG:NYSE	Filing | News	933.8	$73,183,596	0.004%
Bit Digital, Inc.		BTBT:NASDAQ	Filing | News	741.9	$58,144,045	0.004%
SOS Limited		SOS:NYSE	Filing | News	675.6	$52,947,994	0.003%
KULR Technology Group, Inc.		KULR:NYSE	Filing | News	668	$52,352,369	0.003%
Phunware, Inc.		PHUN:NASDAQ	Filing | News	630	$49,374,240	0.003%
NFT Investments PLC		NFT:AQSE	News	626	$49,060,753	0.003%
The Blockchain Group		ALTBG:ALXP	Filing | News	620	$48,590,522	0.003%
Ming Shing Group Holdings Limited (MSW)		MSW:NASDAQ	Filing | News	500	$39,185,905	0.002%
Alliance Resource Partners		ARLP:NASDAQ	Filing | News	482	$37,775,212	0.002%
Remixpoint, Inc.		3825.T:TSE	Filing | News	447.4	$35,063,547	0.002%
DMG Blockchain Solutions Inc.		DMGGF:OTCMKTS	Filing | News	443	$34,718,711	0.002%
MercadoLibre, Inc.		MELI:NADQ		412.7	$32,344,045	0.002%
Neptune Digital Assets		NPPTF:OTCMKTS	Filing | News	376	$29,467,800	0.002%
Genius Group		GNS:NYSE	Filing | News	372	$29,154,313	0.002%
Nano Labs Ltd		NA:NASDAQ	Filing | News	360	$28,213,851	0.002%
Net Holding Anonim Sirketi		NTHOL TI:IST		352	$27,586,877	0.002%
Advanced Bitcoin Technologies AG		ABT:DUS	Filing | News	254	$19,906,439	0.001%
DigitalX		DGGXF:OTCMKTS	Filing | News	216	$16,928,310	0.001%
Rumble		RUM:NASDAQ	Filing | News	188	$14,733,900	0.001%
LM Funding America, Inc.		LMFA:NASDAQ	Filing | News	165.8	$12,994,046	0.001%
LQwD FinTech Corp		LQWDF:OTC	Filing | News	151	$11,834,143	0.001%
Banxa Holdings Inc		BNXAF:OTCMKTS	Filing | News	136	$10,658,566	0.001%
DEFI Technologies		DEFTF:OTC	News	110	$8,620,899	0.001%
BTCS Inc.		BTCS:OTCMKTS	Filing | News	90	$7,053,462	0.0%
Digi Power X Inc. (Digihost)		HSSHF:OTCMKTS	Filing | News	82	$6,426,488	0.0%
Canada Computational Unlimited Corp.		SATO:TSXV	Filing | News	75	$5,877,885	0.0%
FRMO Corp.		FRMO:OTCMKTS	Filing | News	63	$4,937,424	0.0%
Cathedra Bitcoin Inc.		CBTTF:OTCMKTS	Filing | News	52.5	$4,114,520	0.0%
BIGG Digital Assets Inc.		BBKCF:OTCMKTS	Filing | News	46.7	$3,659,963	0.0%
OneMedNet Corporation		ONMD:NASDAQ	Filing | News	34	$2,664,641	0.0%
Matador		MATA:TSXV	Filing | News	29	$2,272,782	0.0%
SATO Technologies Corp.		SATO:TSXV	Filing | News	28	$2,194,410	0.0%
Metromile		MILE:NASDAQ	Filing | News	25	$1,959,295	0.0%
Bitcoin Well Inc.		BTCW:TSXV	Filing | News	19.1	$1,496,901	0.0%
Thumzup Media Corporation		TZUP:NASDAQ	Filing | News	19.1	$1,496,901	0.0%
HK Asia Holdings Limited		1723.HK:HKEX	Filing | News	18.9	$1,481,227	0.0%
MOGO Inc		MOGO:Nasdaq	Filing | News	18	$1,410,692	0.0%
Vinanz Limited		VINZF:OTCQX	Filing | News	13.8	$1,081,530	0.0%
Intesa Sanpaolo S.p.A		ISP.MI:BIT	Filing | News	11	$862,089	0.0%
Argo Blockchain PLC		ARBKF:OTCMKTS	Filing | News	11	$862,089	0.0%
TeraWulf Inc.		WULF:NASDAQ	Filing | News	5	$391,859	0.0%
LEEF Brands, Inc.		LEEF:CSE	Filing | News	3.9	$305,650	0.0%
Sphere 3D Corp		ANY:NASDAQ	Filing | News	1.3	$101,883	0.0%
Core Scientific, Inc.		CORZ:NASDAQ	Filing | News	0	$0	0.0%
			Totals:	693,036	$54,314,458,760	3.3%

Countries & Governments that Own Bitcoin

Entity	Country	Filings & Sources	# of BTC	Value Today	% of 21m
USA		News	207,189	$16,237,776,942	0.987%
China		News	194,000	$15,204,131,140	0.924%
UK		News	61,000	$4,780,680,410	0.29%
Ukraine		News	46,351	$3,632,611,765	0.221%
Bhutan		News	13,029	$1,021,106,312	0.062%
El Salvador		Filing | News	6,089	$477,205,951	0.029%
Finland		News	1,981	$155,254,555	0.009%
Georgia		News	66	$5,172,539	0.0%
Germany		News	0.0	$0	0.0%
		Totals:	529,705	$41,513,940,149	2.522%

Private Companies that Own Bitcoin

Entity	Country	Filings & Sources	# of BTC	Value Today	% of 21m
Block.one		Filing | News	140,000	$10,972,053,400	0.667%
Tether Holdings LTD		Filing | News	100,521	$7,878,012,713	0.479%
Xapo Bank		Filing | News	38,931	$3,051,092,935	0.185%
BitMEX		Filing | News	36,794	$2,883,612,377	0.175%
Mt. Gox		Filing | News	34,164	$2,677,494,516	0.163%
The Tezos Foundation		Filing | News	17,500	$1,371,506,675	0.083%
Lazarus Group		Filing | News	13,518	$1,059,430,127	0.064%
Stone Ridge Holdings Group		Filing | News	10,000	$783,718,100	0.048%
Massachusetts Mutual		Filing | News	3,500	$274,301,335	0.017%
Lisk Foundation		Filing | News	1,898	$148,749,695	0.009%
Seetee AS		Filing | News	1,170	$91,695,017	0.006%
Luna Foundation Guard		News	313	$24,530,376	0.001%
Bitcoin Association Switzerland		Filing | News	14.2	$1,112,879	0.0%
		Totals:	398,323	$31,217,310,149	1.897%

ETFs that Own Bitcoin

View Treasuries of Only U.S. Bitcoin ETFs

Entity	Country	Symbol:Exchange	Filings & Sources	# of BTC	Value Today	% of 21m
iShares Bitcoin Trust (Blackrock)		IBIT:NASDAQ	Filing | News	575,492.3	$45,102,373,192	2.74%
Fidelity Wise Origin Bitcoin Fund		FBTC:CBOE	Filing | News	196,979.0	$15,437,600,761	0.938%
Grayscale Bitcoin Trust		GBTC:NYSE	Filing | News	193,299.9	$15,149,263,035	0.92%
CoinShares / XBT Provider		XBTE:NADQ	Filing | News	48,466	$3,798,368,143	0.231%
ARK 21Shares Bitcoin ETF		ARKB:CBOE	Filing | News	47,729.5	$3,740,647,305	0.227%
Grayscale Bitcoin Mini Trust		BTC:NYSE	Filing | News	40,988.8	$3,212,366,445	0.195%
Bitwise Bitcoin ETF		BITB:NYSE	Filing | News	38,671.9	$3,030,786,799	0.184%
Purpose Bitcoin ETF		BTCC:TSX	Filing | News	25,284	$1,981,552,844	0.12%
3iQ CoinShares Bitcoin ETF		BTCQ:TSX	Filing | News	21,237	$1,664,382,128	0.101%
Vaneck Bitcoin Trust		HODL:CBOE	Filing | News	14,360.2	$1,125,434,865	0.068%
3iQ The Bitcoin Fund		QBTCBV:TSX	Filing | News	13,000	$1,018,833,530	0.062%
ETC Group Bitcoin ETP		BTCE:XETRA	Filing | News	12,967.5	$1,016,286,446	0.062%
Bitwise 10 Crypto Index Fund		BITW:OTCMKTS	Filing | News	10,784	$845,161,599	0.051%
21Shares AG		ABTC:SWX	Filing | News	8,915.9	$698,755,220	0.042%
Hashdex Nasdaq Crypto Index ETF.		HASH11:BVMF	Filing | News	8,832	$692,179,825	0.042%
Invesco Galaxy Bitcoin ETF		BTCO:CBOE	Filing | News	7,282.2	$570,719,194	0.035%
Grayscale Digital Large Cap Fund		GDLC:OTCMKTS	Filing | News	5,990.3	$469,470,653	0.029%
Valkyrie Bitcoin Fund		BRRR:NASDAQ	Filing | News	5,814.8	$455,716,400	0.028%
Franklin Bitcoin ETF		EZBC:CBOE	Filing | News	5,159.1	$404,328,004	0.025%
VanEck Vectors Bitcoin ETN		VBTC:XETRA	Filing | News	3,943	$309,020,046	0.019%
CI Galaxy Bitcoin Fund		BTCX:TSX	Filing | News	3,248	$254,551,638	0.015%
Fidelity Advantage Bitcoin ETF		FBTC.CA:TSE	Filing | News	3,018.7	$236,580,982	0.014%
Osprey Bitcoin Trust		OBTC:OTC	Filing | News	2,820	$221,008,504	0.013%
ChinaAMC Bitcoin ETF		3042.HK:HKEX	Filing | News	2,382.9	$186,752,186	0.011%
Valour Bitcoin Zero ETP		BTC0E.AS:OTC	News	2,000	$156,743,620	0.01%
WisdomTree Bitcoin Fund		BTCW:CBOE	Filing | News	1,696	$132,918,589	0.008%
Evolve Bitcoin ETF		EBIT:TSX	Filing | News	1,663	$130,332,320	0.008%
Bosera HashKey Bitcoin ETF		09008.HK:HKEX	Filing | News	1,606.9	$125,935,661	0.008%
QR Assets		QBTC11:BVMF	Filing | News	1,496.4	$117,275,576	0.007%
Global X (EBTC)		EBTC:CBOE	Filing | News	1,346.4	$105,519,804	0.006%
Monochrome Bitcoin ETF		IBTC:CBOE	Filing | News	308	$24,138,517	0.001%
Bitwise Core Bitcoin ETP (BTC1)		BTC1:XETR	Filing | News	307.0	$24,060,145	0.001%
Hashdex Bitcoin ETF		DEFI:NYSE	Filing | News	157.8	$12,367,071	0.001%
Jacobi FT Wilshire Bitcoin ETF		BCOIN:XAMS	Filing | News	25.0	$1,959,295	0.0%
			Totals:	1,307,273	$102,453,386,152	6.225%

Bitcoin Mining Companies that Own Bitcoin

The list below shows only Bitcoin mining companies.

View Chart

Entity	Country	Symbol:Exchange	Filings & Sources	# of BTC	Value Today	% of 21m
Marathon Digital Holdings Inc		MARA:NADQ	Filing | News	46,374	$3,634,414,316	0.221%
Riot Platforms, Inc.		RIOT:NADQ	Filing | News	18,692	$1,464,925,872	0.089%
CleanSpark Inc		CLSK:NASDAQ	Filing | News	11,869	$930,195,012	0.057%
Hut 8 Corp		HUT:NASDAQ	Filing | News	10,237	$802,292,218	0.049%
HIVE Digital Technologies		HIVE:NASDAQ	Filing | News	2,620	$205,334,142	0.012%
BitFuFu, Inc.		FUFU:NASDAQ	Filing | News	1,800	$141,069,258	0.009%
Bitfarms Limited		BITF:NASDAQ	Filing | News	1,260	$98,748,480	0.006%
Bitdeer Technologies Group		BTDR:NASDAQ	Filing | News	1,039	$81,428,310	0.005%
Cipher Mining		CIFR:NASDAQ	Filing | News	1,032	$80,879,707	0.005%
Bit Digital, Inc.		BTBT:NASDAQ	Filing | News	741.9	$58,144,045	0.004%
SOS Limited		SOS:NYSE	Filing | News	675.6	$52,947,994	0.003%
Alliance Resource Partners		ARLP:NASDAQ	Filing | News	482	$37,775,212	0.002%
DMG Blockchain Solutions Inc.		DMGGF:OTCMKTS	Filing | News	443	$34,718,711	0.002%
Neptune Digital Assets		NPPTF:OTCMKTS	Filing | News	376	$29,467,800	0.002%
LM Funding America, Inc.		LMFA:NASDAQ	Filing | News	165.8	$12,994,046	0.001%
Digi Power X Inc. (Digihost)		HSSHF:OTCMKTS	Filing | News	82	$6,426,488	0.0%
Cathedra Bitcoin Inc.		CBTTF:OTCMKTS	Filing | News	52.5	$4,114,520	0.0%
SATO Technologies Corp.		SATO:TSXV	Filing | News	28	$2,194,410	0.0%
Thumzup Media Corporation		TZUP:NASDAQ	Filing | News	19.1	$1,496,901	0.0%
Vinanz Limited		VINZF:OTCQX	Filing | News	13.8	$1,081,530	0.0%
Argo Blockchain PLC		ARBKF:OTCMKTS	Filing | News	11	$862,089	0.0%
TeraWulf Inc.		WULF:NASDAQ	Filing | News	5	$391,859	0.0%
Sphere 3D Corp		ANY:NASDAQ	Filing | News	1.3	$101,883	0.0%
Core Scientific, Inc.		CORZ:NASDAQ	Filing | News	0	$0	0.0%
			Totals:	98,020	$7,682,013,124	0.467%

Defi

Entity	Country	Filings & Sources	# of BTC	Value Today	% of 21m
Wrapped Bitcoin		News	129,167.8	$10,123,114,279	0.615%
Coinbase Wrapped Bitcoin (cbBTC)		Filing | News	24,712	$1,936,724,168	0.118%
The Mempool Open Source Project		Filing | News	5,010.7	$392,697,628	0.024%
The Liquid Network		Filing | News	3,754.9	$294,278,309	0.018%
Rootstock		Filing | News	2,834	$222,105,709	0.013%
tzBTC		Filing | News	850.6	$66,663,061	0.004%
		Totals:	166,330	$13,035,594,231	0.792%

🌌 Galaxy Digital Q3 2024 Financial Results 🌟
📅 November 7, 2024

📊 Highlights:

• 📉 Net Loss: $54M in Q3, improving from $177M in Q2.
• 📈 Revenue Growth: Over 30% QoQ, despite a 15% drop in industry spot trading volumes.
• 💰 Net Income YTD: $191M, driven by strong Bitcoin and digital asset markets.
• 💵 Equity Capital: $2.1B as of Sept. 30, 2024.
• 📊 Bitcoin & Ethereum ETFs: $469M in Q3 (+12% QoQ).

🏗️ Helios Campus Expansion
Galaxy signed a non-binding agreement with a U.S.-based hyperscaler to utilize Helios’ 800MW capacity for high-performance computing. Final agreements are pending due diligence.

📈 Nasdaq Listing Progress
Galaxy is advancing plans to reorganize as a Delaware company and list on Nasdaq, pending regulatory and shareholder approvals.

Canaan Inc. (NASDAQ: CAN),

📅 Important Announcement Dates:

• September 30, 2024: Third Tranche of Preferred Shares Financing announced 🏦💡
• November 1, 2024: Order placed by CleanSpark for Avalon A1566I Miners, marking a strategic collaboration in the mining space 💡🤝
• November 11, 2024: Agreement signed with HIVE Blockchain Technologies for Avalon A1566 Miners, further expanding self-mining infrastructure 🖤🔋
• November 20, 2024: Follow-on Order from HIVE Blockchain Technologies for 5,000 Avalon A15-194T Miners, expanding the hash rate ⚡🌍
• November 20, 2024: Expanding self-mining operations in key locations such as Texas and Pennsylvania, aiming to increase overall production capacity 📍🇺🇸
• November 20, 2024: Execution of Securities Purchase Agreement for the funding, offering a flexible pathway to capitalize on growth opportunities 📄💰

🧮 Mining Revenue for Q3 2024:

• Total Mining Revenue: $9.0M, driven primarily by efficient mining operations 🏦💵
• Bitcoins Owned: 1,212 BTC, equivalent to approximately $77 million at current market value 🪙📈
• Installed Mining Power: 4.6 EH/s, demonstrating significant growth in computational mining capacity ⚡🚀
• Percentage of Revenue from Mining: 29.8%, reflecting mining as a core contributor to overall revenue 💡📊

🔧 Current Self-Mining Projects (As of November 20, 2024):

• Active Self-Mining Projects: 7, strategically located in North America and beyond 🌍⚙️
• Current Installed Hash Rate: 4.96 EH/s, with further installations planned to push growth 📈🔋
• Expected Hash Rate: 5.52 EH/s by the end of the year, continuing to enhance operational efficiency and scalability 🔧💥

📈 Mining Strategy for 2024:

• Strategic Goals: Focused on expanding the self-mining footprint while maintaining visibility and compliance with legal and regulatory frameworks ⚖️📋
• Focus Areas: Balancing rapid expansion with healthy cash flow and profitability 💸💡
• Advanced Machines: Deploying high-efficiency mining rigs (such as the A15 Pro) for optimal self-mining performance 🤖🔧
• Targeted Hash Rate: Aiming for 10 EH/s by the first half of 2025, a key milestone for the organization 🏆🚀

💡 Product Details: Avalon A15 Miners:

• A15 Pro: Outstanding 215 TH/s hash rate, with an energy efficiency of just 16.8 J/T, one of the best performers in the industry ⚡💪
• A15 XP: Reliable with 200 TH/s hash rate, offering a solid combination of power and energy efficiency at 17.8 J/T 🔋🔧
• A15: Offering a hash rate of 188 TH/s with 18.8 J/T efficiency, a balanced choice for scalable mining operations 💡⚡

🌍 Global Mining Locations:

• Canada: Small but strategic installation with 0.02 EH/s capacity 🇨🇦, continuing to expand across the region
• Ethiopia: Significant expansion in Ethiopia with 3.96 EH/s, marking a growing presence in Africa and a solid base for future operations 🇪🇹⚡

📊 Computing Power Growth:

• Historical Growth: A remarkable 3,458x increase in computing power since 2013, showcasing the company’s ability to scale rapidly in the competitive mining industry 📈💥
• Efficiency Gains: Power efficiency has seen a massive improvement, with a 99.8% reduction in energy required per TH/s, cementing the company’s position as an industry leader in sustainable mining 🔋🌱

🔋 Avalon Miner Power Efficiency:

• A13 Series: Energy consumption of 30J/TH, an earlier generation in the evolution of Avalon Miners ⚡
• A14 Series: Improved efficiency at 23.3J/TH, a substantial leap towards greener, more efficient mining 🔋
• A15 Pro: Cutting-edge energy efficiency at just 16.8J/TH, making it a prime choice for large-scale mining operators 💡

💰 Securities and Capital:

• Securities Purchase Agreement: This agreement provides up to $30M of funding, ensuring the company has ample resources to expand and optimize operations 💵
• Warrant Exercise: Early exercises by investors have already raised $2.6M, supporting capital growth 💸

🔒 Financial Strategy:

• Preferred Shares Financing: Successfully raised $10M through the issuance of preferred shares, providing a stable source of funds for ongoing and future projects 💰💡
• Additional Warrants: Issued to investors as part of the financing package, ensuring flexibility and growth opportunities 🚀💼
• Strategic Partnerships: Continuing to work closely with HIVE Blockchain Technologies, CleanSpark, and other major players in the mining industry to secure the best equipment and resources for self-mining expansion 🤝🔧

🌐 Future Growth Plans:

• Power Growth: The company aims to reach a hash rate of 10 EH/s by 2025, positioning itself as a leader in the mining sector 🔋🚀
• Geographic Expansion: Significant focus on increasing mining capacities in Texas and Pennsylvania, key locations in North America, ensuring access to low-cost energy and ideal regulatory environments 🌍🇺🇸
• Sustainability Focus: Ongoing commitment to improving energy efficiency, reducing carbon footprints, and scaling operations responsibly 💡🌱.
• Earnings call video

 MicroStrategy (MSTR) 📊🚀

• Performance: MicroStrategy has seen an impressive +557.87% return, reflecting its massive Bitcoin exposure. 📈💰 The company holds over 150,000 BTC (Bitcoin) on its balance sheet, positioning itself as one of the largest corporate Bitcoin holders globally.
• Mining Operations: MicroStrategy doesn’t run its own mining rigs but focuses heavily on Bitcoin accumulation. It uses its treasury to purchase Bitcoin, believing in Bitcoin as a long-term store of value. 🏦💎
• Investment Strategy: Under the leadership of CEO Michael Saylor, MicroStrategy has been buying Bitcoin on a consistent basis, using its balance sheet to capitalize on Bitcoin’s price appreciation. 📊🔥
• Market Influence: The company’s stock is closely linked to Bitcoin price movements, making it a popular choice for Bitcoin enthusiasts seeking exposure to cryptocurrency without directly buying coins. 📉➡️📈

 Core Scientific  (CORZ) 💥📈 (BUY) Earnings Beat   

• Performance: Corz has experienced +410.17% return, showcasing its mining operations’ success and strategic expansion. 🚀💸
• Mining Focus: Corz operates a dedicated mining business, utilizing cutting-edge hardware to produce Bitcoin and secure blockchain transactions. Its mining operations have been designed for scalability, enabling the company to increase its Bitcoin production over time. 🖥️⛏️
• Expansion Plans: Corz has been scaling its operations, adding more machines to increase hash rate and enhance profitability. The company is expanding its mining fleet and increasing its data center capacity. 🏗️⚡
• Energy Efficiency: The company emphasizes energy-efficient mining, implementing sustainable technologies and low-cost energy sources to remain competitive in a volatile market. 🌱⚡

Bit Digital (BTBT) 🚀📊

• Performance: Bit Digital demonstrating its aggressive expansion and Bitcoin mining growth! 💥📈
• Global Operations: Bit Digital operates worldwide, with mining operations in North America, Europe, and Asia. This global footprint helps mitigate risks associated with local energy costs and regulatory changes. 🌍💻
• Strategic Partnerships: The company collaborates with data centers and other infrastructure providers to optimize mining operations and reduce overhead costs. 🤝🏢
• Sustainability Efforts: Bit Digital is committed to reducing its carbon footprint, and many of its mining facilities are powered by renewable energy sources like hydroelectric power. 🌎💚🌞

• Contract Delay: A contract worth $50 million 💰 was delayed because the client was waiting for Nvidia’s Blackwell B200 GPUs 🖥️, which were not yet available. The second tranche of the contract is expected to move forward once Blackwell GPUs are distributed by Nvidia 🔜.
• Revenue Target: Despite the delay of the second tranche ⏳, the company reached its $100 million annualized run rate target 📈 by securing other clients 🤝, achieving this milestone in just a few months 🗓️.
• $30 Million Deposit: The client has paid a non-refundable deposit of $30 million 💵 as part of the contract for the Blackwell machines, indicating strong commitment to the deal 🔒.
• Blackwell GPUs: The Blackwell B200 GPUs 🖥️ are much more powerful ⚡ than current alternatives (e.g., H200 GPUs), offering unparalleled computational capabilities 🧠 needed for high-performance computing (HPC). They are expected to be critical 🔑 for meeting the growing demand in HPC and inference 🧮. These GPUs require sophisticated tier-three data centers 🏢 with liquid cooling 💧.
• Data Center Expansion: The company is building tier-three data centers 🏗️ in anticipation of the Blackwell GPUs, ensuring readiness ✅ to meet future demand in HPC and inference 🖧.
• Client Contracts: The company secured a mix of private and public company contracts 🏢, with revenue recognition expected 📅 in the current year.

4. Hut 8 Mining (HUT) 🔋⛏️. Earnings Beat (BUY)

• Performance: Hut 8 has seen a +50.32% return, showing moderate growth despite fluctuations in Bitcoin prices. 📉📈
• Mining Focus: Hut 8 is one of the largest Bitcoin miners in North America, with a vast array of mining rigs located in Canada. Its operational scale allows the company to take advantage of economies of scale and maximize profitability. 🇨🇦💪
• Energy Use: Hut 8 is focused on energy-efficient mining solutions, partnering with green energy providers to power its operations with renewable energy. 🔋⚡🌱
• Growth Strategy: Hut 8 plans to expand its mining capacity, continually investing in the latest mining hardware to stay competitive in the rapidly evolving space. 🏗️💼

• 🚀 Fleet Upgrade: Hut 8’s self-mining fleet upgrade will boost mining margins by 18% 🔥, adding 2.3 Bitcoin per day! 📈💰
• 💡 Power Cost Reduction: Power cost slashed from 4.0 cents to 2.8 cents per kilowatt-hour ⚡, making Hut 8 one of the most efficient Bitcoin miners on the market 🌍💸.
• 🖥️ Mining Efficiency: The fleet’s efficiency will improve to 19.9 jewels per terahash, cutting break-even price to just 99 cents per kilowatt-hour 🏅💡.
• 💧 Cooling Innovation: Direct liquid-to-chip cooling systems are up to 3,000 times more efficient than air cooling 🌊🔧, and will help manage heat at Hut 8’s facilities 🌡️❄️.
• 🛠️ Bitmain Partnership: Hut 8 collaborates with Bitmain, co-innovating custom chip and rack designs for efficient Bitcoin mining 🚀🤝.
• 💰 Revenue Growth: Hosting agreement with Bitmain ensures a 55% margin and a floor of $135 million in revenue 💼💵.
• 🔌 Self-Mining Flexibility: Hut 8 can convert hosted machines to self-mining with no wait time, enhancing profitability 💹⚡.
• 🌐 Global Supply Chain: Even with potential tariff impacts, Hut 8 has secured an international path for chip production and assembly 🌏🔒.

5. Riot Platforms (RIOT) ⚡💻

• Performance: Riot Platforms has seen a -32.22% decline in its stock price, a reflection of the high volatility in Bitcoin mining stocks. 📉⚠️
• Mining Focus: Riot is one of the largest Bitcoin mining companies in the U.S., with mining operations spread across various locations. It focuses on expanding its mining capacity and leveraging advanced technologies to increase efficiency and output. 💻🔧
• Scalability: Riot is known for its rapid expansion, investing heavily in the latest mining hardware and facilities to keep up with the increasing demand for Bitcoin. 🏗️💥
• Sustainability: Riot is also dedicated to green energy solutions, including using wind and solar power to reduce its environmental impact. 🌬️☀️

📊 ATM Funding Update:
In August, we processed another ATM for $750M, utilizing $230M so far 💰, with $520M remaining 📉. In our presentation 📑, we mentioned that we’ve essentially funded growth through 2025 🚀 with significant cash reserves and assets like Bitcoin 🪙 (currently holding over 11,000 coins ⛓️) 🏅. This positions us well to manage retail investor concerns about dilution. While selling shares at low prices 💸 isn’t ideal, we’ve found that ATMs can be a great alternative to debt 💳.

💡 Future Financing Plans:
We’re carefully considering how we use ATM financing in the future 💼. There are now more non-equity financing options, like Bitcoin-backed loans 💰, with improving terms 🔑. We’re also exploring other ways to raise funds without issuing more shares 📉. Plus, we’ve accumulated 400M in cash 💵 on our balance sheet, giving us flexibility 📊.

📈 Bitcoin Strategy:
As a low-cost producer, we’re effectively dollar-cost averaging through mining 🛠️, which helps us accumulate Bitcoin at prices lower than the market rate 💰. We believe this is a more strategic approach rather than buying Bitcoin at market prices 💎. But we are open to future Bitcoin purchases if needed, based on market conditions 💡.

🤖 HPC Opportunities:
We’ve seen increased interest in HPC (high-performance computing) recently 📞. Back in June, we hadn’t received any inquiries, but now we’re having discussions with top-tier counterparties 🏢, especially after seeing the success of the Core Scientific deal 🤝. While Bitcoin mining remains our main focus, we are open to HPC if the right deal comes through 💼. The power capacity we have is valuable, and we’re always looking for ways to monetize it 🌐.

🔋 Future Potential:
Our next buildings 🏗️ (C1, C2, D1, D2) will take up another 40% of our power 🌍. But we are still focused on Bitcoin mining 🪙 for the moment. We’re in no rush to shift directions, and we think big deals take time ⏳, especially with hyperscalers looking 2-4 years ahead 🕰️.

6. Marathon Digital Holdings (MARA) 🏃‍♂️💨

• Performance: Marathon Digital has seen a -10.31% decline, reflecting the volatility in both the cryptocurrency market and mining operations. 📉💔
• Mining Focus: Marathon is known for its large-scale Bitcoin mining operations across North America. The company’s focus is on scaling its mining fleet and improving the hash rate to enhance Bitcoin production. ⚡💻
• Strategic Investments: Marathon is continually expanding its mining capacity by investing in state-of-the-art hardware and seeking partnerships with mining infrastructure providers. 🏗️🤝
• Energy Solutions: Like many other miners, Marathon is making efforts to use sustainable energy sources and reduce reliance on traditional electricity grids. 🌱💡

7. Hive Blockchain (HIVE) 🐝⚡

• Performance: Hive Blockchain has seen a -21.88% decline, reflecting the volatility of the cryptocurrency market. 📉
• Mining Focus: Hive is a well-established Canadian-based mining company with a strong emphasis on environmentally-friendly mining. It focuses on producing Bitcoin and Ethereum using a combination of renewable energy and high-efficiency mining rigs. 🍃💎
• Global Presence: Hive has diversified its operations across Canada, Iceland, and Sweden, tapping into low-cost electricity regions to minimize operational expenses. 🌍💡
• Renewable Energy: Hive is a leader in using renewable energy, powering its facilities with hydroelectric, wind, and solar energy sources. 🌞🌊🍃

8. Bitfarms (BITF) 💻🔋

• Performance: Bitfarms has experienced a -36.73% drop, indicating the tough market conditions Bitcoin miners are facing. 📉
• Mining Focus: Bitfarms is a Bitcoin mining powerhouse, known for its large-scale operations in Canada, Argentina, and the U.S. The company operates a substantial fleet of mining rigs. 💻🇨🇦🇺🇸
• Growth Strategy: Bitfarms has been expanding its operations by acquiring more mining rigs and increasing its overall hash rate to ramp up Bitcoin production. 🚀💡
• Energy Efficiency: The company places a strong emphasis on sustainability, using renewable energy sources for mining and striving for carbon neutrality. 🌱🔋

These Bitcoin miners represent a wide range of approaches to cryptocurrency mining, from large-scale operations to sustainability efforts. Each company faces its own set of challenges, from fluctuating Bitcoin prices to rising energy costs. As the market continues to evolve, these miners will have to innovate and adapt to remain competitive. 🌍⚡💰

🌍 About IREN 🌍 (BUY ) underperforming BTC

⚡ Bitcoin Mining:

• 🛡️ Securing Bitcoin network since 2019 ⛓️
• 🚀 Expanding to 50 EH/s by H1 2025

🤖 AI Cloud Services:

• 💻 1,896 NVIDIA H100 & H200 GPUs
• 🚀 Serving AI customers since 2024

🏗️ Data Centers:

• 🔋 360MW operational, expanding to 810MW in H1 2025
• 🏢 Purpose-built for high-performance computing

🛠️ Technology:

• ⚙️ Optimized tech stack for AI & Bitcoin operations

🌱 Renewable Energy:

• ♻️ 100% clean energy sources or RECs
• 🌟 Low-cost, underutilized renewable power
• 🏘️ Supporting grids & local communities

🌐 Development Portfolio:

• 🔌 2,310MW secured across North America
• 🏞️ >1,000 acres & growing pipeline

🌟 Pioneering the future of Bitcoin, AI & beyond! 🚀

📊 Economics & Costs Overview 📊

⛏️ Bitcoin Mining Costs:

• 💸 All-in Cash Cost per Bitcoin: ~$29,000 🪙
• 💡 Transition to spot electricity pricing at Childress (Aug 2024): Reduced volatility ⚡
• 🛠️ One-off Costs: $7.2M to close out electricity hedges (Aug–Sept 2024)

📈 Revenue Breakdown (Q1 FY25): 26 nov 2024.