In this piece, we will take a look at the five biggest publicly traded bitcoin companies. If you want to learn more about the latest developments in the Bitcoin industry, check out 15 Biggest Publicly Traded Bitcoin Companies.
5. Cipher Mining Inc. (NASDAQ:CIFR)
Latest Market Capitalization: $1.15 billion
Cipher Mining Inc. (NASDAQ:CIFR) is a New York City based firm that owns and operates Bitcoin mining centers. It’s one of the strongest rated Bitcoin mining stocks on our list as the average rating of six analysts is Strong Buy while the average share price target is $5.83. Its first quarter earnings results revealed in May 2024 saw Cipher Mining Inc. (NASDAQ:CIFR) accelerate its progress to build a 300 megawatt data center to grow its hash rate to 25 EH/s by 2025.
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4. Riot Platforms, Inc. (NASDAQ:RIOT)
Latest Market Capitalization: $2.66 billion
Riot Platforms, Inc. (NASDAQ:RIOT) is a diversified technology company that focuses on the data center of the Bitcoin mining industry. The firm has performed well on the financial front as of late since it has beaten analyst EPS estimates in three out of its four latest quarters. Riot Platforms, Inc. (NASDAQ:RIOT)’s latest quarterly report was for 2024’s first quarter. It saw the firm report $79 million in revenue out of which $74.6 million was through mining Bitcoin.
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3. CleanSpark, Inc. (NASDAQ:CLSK)
Latest Market Capitalization: $3.55 billion
CleanSpark, Inc. (NASDAQ:CLSK) is a Nevada based Bitcoin miner. The firm’s latest financial results, which covered its March 2024 quarter were a mixed bag of results. While CleanSpark, Inc. (NASDAQ:CLSK)’s revenue soared by 163% to $111 million, it missed analyst estimates of $114 million. However, the earnings of $0.59 smashed estimates of $0.08 per share out of the park. Post halving, the firm is also looking to grow its Bitcoin mining capacity, and it plans to acquire 75 megawatts of sites for $18 million in Wyoming for this purpose.
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2. Marathon Digital Holdings, Inc. (NASDAQ:MARA)
Latest Market Capitalization: $4.68 billion
Marathon Digital Holdings, Inc. (NASDAQ:MARA) is a Bitcoin mining company headquartered in Fort Lauderdale, Florida. Like several other Bitcoin companies on our list, it has also beaten analyst EPS estimates in three out of its four latest quarters. The Q1 2024 results saw Marathon Digital Holdings, Inc. (NASDAQ:MARA) report $165 million in revenue which marked a whopping 223% annual growth. The net income growth was just as spectacular, as profit soared by 184% to sit at $337 million.
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1. Coinbase Global, Inc. (NASDAQ:COIN)
Latest Market Capitalization: $51.68 billion
Coinbase Global, Inc. (NASDAQ:COIN) is one of the biggest online marketplaces in the world. It sits at the heart of the global Bitcoin industry as it allows users to buy and sell the currency on its platform. Coinbase Global, Inc. (NASDAQ:COIN) position as the world’s premier cryptocurrency platform was further bolstered in May 2024 as data showed that Coinbase was the most common platform among Reddit users who were discussing cryptocurrency trading platforms.
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Disclosure: None. You can also take a look at the 20 Biggest Grain Exporting Countries in the World and 20 Countries That Produce the Most Gold in the World.
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