Publicly traded mining companies account for 19% of the total Bitcoin hash rate. This is stated in the Arcane Research report.
Analysts note that the share of such miners was only 3% in January 2021.
“If in January 2021 there were only a few mining companies listed on exchanges, there are now 26,” the experts noted.
Among the reasons for the increase in the share of total hash rate, researchers cited “good access to capital,” enabling publicly listed mining companies to expand capacity.
“A large portion of the hash rate generated by public miners is attributed to North America,” Arcane Research noted.
The researchers suggested that over time even more mining companies will come to the stock market. This will affect the hash rate structure.
Earlier, analysts at the Norwegian firm forecast growth in computing power across individual publicly traded mining companies.
In the first quarter of 2022, the American mining company Marathon Digital mined 556% more bitcoins than in the same period a year earlier.
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