{"id":3195,"date":"2022-04-07T12:34:55","date_gmt":"2022-04-07T12:34:55","guid":{"rendered":"http:\/\/cryptoheretostay.com\/?p=3195"},"modified":"2022-04-07T12:34:56","modified_gmt":"2022-04-07T12:34:56","slug":"research-shows-19-of-bitcoins-hashrate-is-managed-by-publicly-listed-companies","status":"publish","type":"post","link":"https:\/\/cryptoheretostay.com\/?p=3195","title":{"rendered":"Research Shows 19% of Bitcoin&#8217;s Hashrate Is Managed by Publicly Listed Companies"},"content":{"rendered":"<p> <script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"crypto\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<\/p>\n<p><strong>According to findings stemming from a report published by Arcane Research, Bitcoin\u2019s hashrate is steadily going public as an increasing share is deployed by publicly listed companies. Current data shows that the publicly listed miners\u2019 share of Bitcoin\u2019s hashrate is roughly 19% today, up 3% since January 2021.<\/strong><\/p>\n<h2>Publicly Listed Bitcoin Miners Continue to Grow, Public Miners Expand Capacity Much Faster Than the Overall Market<\/h2>\n<p>Bitcoin mining has grown a great deal during the last few years as the crypto asset\u2019s hashrate reached all-time highs this year. Presently, the network\u2019s hashrate is coasting along at 222.18 exahash per second (EH\/s), or two hundred twenty-two quintillion hashes per second.<\/p>\n<p>Meanwhile, a recent report published by Arcane Research explains that 19% of the hashrate today is operated by publicly listed mining firms. For instance, Hive Blockchain Technologies, Cleanspark, Riot Blockchain, Marathon Digital Holdings, Bitfarms, and Hut 8 Mining are publicly listed bitcoin mining operations.<\/p>\n<\/p>\n<p>Arcane Research author Jaran Mellerud details that while 19% of the hashrate is controlled by publicly-listed bitcoin mining firms, the data has grown 3% since January 2021. While there was only a handful of publicly listed bitcoin miners in January 2021, Mellerud details that today there are 26 total.<\/p>\n<p>Mellerud adds that most of the public miners are located in North America and because they have greater access to capital, they \u201ccan expand their mining fleets faster than most private companies.\u201d<\/p>\n<p>Furthermore, the researcher from Arcane details that publicly listed mining operations expand capacity much faster than the overall market. In another report from Arcane, Mellerud says \u201cto increase their bitcoin production, miners should expand hashrate faster than the whole network.\u201d<\/p>\n<p>The researcher concludes that since these companies hope to grow capacity faster than the whole network, \u201cthe U.S. and Canada\u2019s share of the total hashrate will likely increase.\u201d Using Arcane\u2019s 19% metric shows that out of the 222 EH\/s in global hashrate today, 42.18 EH\/s is managed by publicly listed mining firms.<\/p>\n<p>Tags in this story<\/p>\n<p>42 EH\/s, 42 Exahash, Arcane Research, Bitcoin, Bitcoin (BTC), Bitcoin mining, bitcoin production, Bitfarms, BTC, BTC Mining, capacity, Cleanspark, EH\/s, Exahash, Global Hashrate, hive, Hut 8, Jaran Mellerud, Jaran Mellerud Arcane, Marathon, Riot<\/p>\n<p><em><strong>What do you think about the reports from Arcane Research about publicly listed mining firms? Let us know what you think about this subject in the comments section below. <\/strong><\/em><\/p>\n<p>Jamie Redman <\/p>\n<p class=\"article__body__author__info__about\">\nJamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today.<\/p>\n<p><i class=\"td-icon-font td-icon-twitter\"\/><\/p>\n<p class=\"images_credits\"><em>Image Credits: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n<p><strong>Disclaimer<\/strong>: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.<\/p>\n<p>More Popular NewsIn Case You Missed It<\/p>\n<p><script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"bitcoin\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<br \/><a href=\"https:\/\/news.bitcoin.com\/research-shows-19-of-bitcoins-hashrate-is-managed-by-publicly-listed-companies\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to findings stemming from a report published by Arcane Research, Bitcoin\u2019s hashrate is steadily going public as an increasing share is deployed by publicly listed companies. Current data shows that the publicly listed miners\u2019 share of Bitcoin\u2019s hashrate is roughly 19% today, up 3% since January 2021. Publicly Listed Bitcoin Miners Continue to Grow, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3196,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_wp_rev_ctl_limit":""},"categories":[1],"tags":[],"class_list":["post-3195","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-updates"],"_links":{"self":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/3195","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3195"}],"version-history":[{"count":1,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/3195\/revisions"}],"predecessor-version":[{"id":3197,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/3195\/revisions\/3197"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/media\/3196"}],"wp:attachment":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3195"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3195"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3195"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}