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With its growth, the cryptocurrency market has been driving crypto mining stocks. The more cryptocurrencies are active, the more transactions are carried out, which increases the demand for miners capable of solving the problems.
Many companies are emerging in this segment, we have separated the top 10 names in this sector at the moment.
1 – Hive Blockchain Technologies (NASDAQ: HIVE)
Based in Vancouver, Canada, Hive was one of the first crypto mining companies to go public.
In order to take advantage of the milder temperatures, as well as using renewable energy at a low cost, the company built data centers in Iceland and Sweden.
2 – Stronghold Digital Mining (NASDAQ: SDIG)
Known for being one of the first vertically integrated and environmentally conscious crypto mining companies, Stronghold converts coal waste into energy for its mining operations. This difference earns it tax and renewable energy credits.
The company currently operates 3,000 mining companies, powered by its integral power plant in Pennsylvania.
3 – Marathon Digital (NASDAQ: MARA)
Headquartered in Las Vegas, Marathon has been striving to build the largest mining operation in North America, with one of the lowest energy costs.
One of the company’s most recent investments is in the MaraPool mining pool. This pool is fully edited by a third party, and unlike other crypto mining pools, it is designed to provide greater transparency to members.
4 – Canaan (NASDAQU: CAN)
The Beijing-based Chinese company specializes in blockchain servers and application-specific integrated circuit (ASIC) microprocessor solutions.
Canaan has been investing in a favorable and growing segment, offering exposure to the supercomputing hardware that is used for cryptocurrency mining as more and more mining companies are investing in equipment to boost their options.
5 – Riot Blockchain (NASDAQ: RIOT)
Riot Blockchain is one of the largest publicly traded companies headquartered in the United States. Although its headquarters are in Colorado, mining operations take place in New York.
The company has been investing in its mining operations as it gains market share. Its New York facility is hosted by Coinmint, where energy is sourced from zero-emission sources.
6 – BIT Mining (NYSE: BTCM)
In addition to carrying out mining operations, BIT Mining is a company that carries out the manufacturing of mining machines, data center operations and mining pools. That is, it owns the entire mining pool and associated assets.
7 – BIT Digital (NASDAQ: BTBT)
BIT Digital is a company focused on the sustainability of digital assets with large-scale mining operations. Its headquarters in New York has one of the largest operating fleets in the United States, with the majority of its miners operating on Carbon-free energy.
8 – Bitfarms (NASDAQ: BITF)
The biggest difference between Bitfarms and other mining companies is that it is a vertically integrated company. With its own electric company and a network of suppliers, Bitfarms maintains its mining activities, in five facilities in Quebec, using renewable hydroelectric energy.
9 – Greenidge Generation (NASDAQ: GREE)
Based in New York, Greenidge Generation has gone through the merger process with Support.com. The company has its own carbon neutral plant, which is at the heart of its mining activities.
10 – Hut 8 Mining (NASDAQ: HUT)
Hut 8 Mining focuses its operations on bitcoin and ethereum mining. Unlike other companies that sell the bitcoins they extract, Hut profits by borrowing bitcoins to miners, generating interest on its assets.
The company is expanding its operations, turning to sustainable ways. Powered by solar, wind and natural gas electricity generation, Hut is achieving the lowest mining platform costs among publicly traded bitcoin mining companies.
