{"id":86657,"date":"2023-11-06T16:25:18","date_gmt":"2023-11-06T14:25:18","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=86657"},"modified":"2025-09-13T06:59:25","modified_gmt":"2025-09-13T03:59:25","slug":"coingecko-ranks-miners-by-bitcoin-holdings","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/coingecko-ranks-miners-by-bitcoin-holdings\/","title":{"rendered":"CoinGecko ranks miners by bitcoin holdings"},"content":{"rendered":"<div class=\"wp-block-text-wrappers-keypoints article_keypoints\">\n<ul class=\"wp-block-list\">\n<li>Marathon Digital leads with holdings of 13,726 BTC; Hut 8 Mining follows.<\/li>\n<li>Riot Platforms has become the largest mining company by market capitalization, at $1.94 billion.<\/li>\n<\/ul>\n<\/div>\n<p>Marathon Digital took first place in the <a href=\"https:\/\/www.coingecko.com\/research\/publications\/top-bitcoin-mining-companies\">CoinGecko list<\/a> among mining companies by the volume of mined assets. It holds 13,726 BTC. <\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-eu.googleusercontent.com\/O-dtJl8-TtaULdU0ynAnW8uG46wsZdRr06flwdxNP_DbDqN00DDsFhfRsNvx8ODK1BgItumNi45CoobmLwpBKpBDLQnxWpSYLo_s2499gySapIcEUO6MA3WBQ-S-MikSBtfQtyb_HA3u6-ztcd1Ws8g\" alt=\"\u0412 CoinGecko \u0441\u043e\u0441\u0442\u0430\u0432\u0438\u043b\u0438 \u0440\u0435\u0439\u0442\u0438\u043d\u0433 \u043c\u0430\u0439\u043d\u0435\u0440\u043e\u0432 \u043f\u043e \u043e\u0431\u044a\u0435\u043c\u0443 \u0431\u0438\u0442\u043a\u043e\u0438\u043d\u043e\u0432\"\/><figcaption class=\"wp-element-caption\">Mining company holdings. Data: CoinGecko.<\/figcaption><\/figure>\n<p>This amount accounts for about 35% of all bitcoins under management by mining firms. Marathon&#8217;s fleet includes more than 150,000 mining rigs with a total hashrate of 23.1 EH\/s \u2014 4.8% of the network&#8217;s total capacity.<\/p>\n<p>The company also ranked among the leaders by market capitalization, at $1.64 billion. Over the last 12 months Marathon earned $17 million in revenue, up 47.8% from the previous period.<\/p>\n<p>Riot Platforms became the most valuable company with a market cap of $1.94 billion, holding 7,309 BTC. The miner reported annual revenue of $250 million.<\/p>\n<p>Analysts noted that the 14 largest bitcoin mining firms together own 38,903 BTC \u2014 only 0.18% of the maximum bitcoin supply of 21 million coins. The figure is also well below <a href=\"https:\/\/forklog.com\/en\/news\/microstrategy-increases-bitcoin-reserves-to-158400-btc\">\u0437\u0430\u043f\u0430\u0441\u043e\u0432 MicroStrategy \u0432 158 400 BTC<\/a>.<\/p>\n<p>The highest annual revenue went to Canaan, at $270 million. Its figure was 93% higher than CleanSpark and 226% higher than Hive Digital Technologies.<\/p>\n<p>Notably, over the past 12 months CleanSpark mined a total of 5,327 BTC. This suggests active use of coins for operating purposes relative to holdings. In the same period Hive Digital Technologies mined 1,889 BTC, but holds a larger stock of bitcoins.<\/p>\n<p>The smallest holdings are with Argo Blockchain and Core Scientific \u2014 32 and 10 BTC respectively. The latter was once the largest public miner, but in December 2022 <a href=\"https:\/\/forklog.com\/en\/news\/bitcoin-miner-core-scientific-files-for-chapter-11-bankruptcy\">filed for bankruptcy<\/a>.<\/p>\n<p>Among smaller mining firms, CoinGecko highlighted Bit Digital, which owns 821 BTC. The company stands out for running a fleet of 44,886 devices, of which 99% run on carbon-free energy sources.<\/p>\n<p>In ranking the firms, researchers used publicly available documents for the <span data-descr=\"Securities and Exchange Commission\" class=\"old_tooltip\">SEC<\/span>, financial statements and recent press releases. Due to a lack of public data, the study excluded several major players such as Bitdeer Technologies Group, TeraWulf, BIGG Digital Assets, BitNile Holdings and Iris Energy.<\/p>\n<p>Analysts at JPMorgan described the upcoming <a href=\"https:\/\/forklog.com\/en\/news\/what-is-the-bitcoin-halving\">\u0445\u0430\u043b\u0432\u0438\u043d\u0433<\/a> in the Bitcoin network as a <a href=\"https:\/\/forklog.com\/en\/news\/jpmorgan-calls-bitcoin-halving-a-stress-test-for-miners\">\u0440\u0435\u0448\u0430\u044e\u0449\u0438\u043c \u0438\u0441\u043f\u044b\u0442\u0430\u043d\u0438\u0435\u043c<\/a> for miners, given the lower block rewards and rising costs.<\/p>\n<p>At the end of October, mining difficulty for bitcoin rose to an all-time high after another recalculation of 62.4 T.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Marathon Digital took first place in CoinGecko&#8217;s ranking of mining companies by the volume of assets mined. It holds 13,726 BTC.<\/p>\n","protected":false},"author":1,"featured_media":86658,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1098,1137,1185,1150,1186],"class_list":["post-86657","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-coingecko","tag-cryptocurrency-mining","tag-marathon-digital-holdings","tag-news-plus","tag-riot-platforms"],"aioseo_notices":[],"amp_enabled":true,"views":"60","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/86657","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=86657"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/86657\/revisions"}],"predecessor-version":[{"id":86659,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/86657\/revisions\/86659"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/86658"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=86657"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=86657"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=86657"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}