Public Mining Companies' Share of Bitcoin Hashrate Reaches 19%
Main page Technologies, Bitcoin, Mining

According to a study conducted by analyst firm Arcane Research, publicly-listed mining companies account for 19% of the total Bitcoin hashrate.

According to the company's analysts, the share of these mining companies only amounted to 3% in January 2021.

They have highlighted:

"If in January 2021 there were only a few listed mining companies, now there are 26."

Among the reasons for the increase in the share of the total hashrate, the researchers mentioned the "good access to capital," thanks to which public mining companies can increase their mining capacity.

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Arcane Research has noted:

"Most of the hashrate generated by public miners is in North America."

The researchers believe that over time, even more mining companies will enter the stock market, which will affect the hashrate structure.

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