In 2024 Bitcoin miners saw revenue growth, but not all gains were equal. $BTBT soared +183.96% YoY (HPC/AI contributions), while $CLSK grew +150.47% YoY (hash rate expansion). $MARA (-24.11%) & $RIOT (-14.78%) posted negative gross margins. Who's winning? 👇
The total reported hash rate of public miners reached 318.09 EH/s at the end of 2024, accounting for over 35% of Bitcoin's total hash rate - a significant jump from 21% in 2023. IREN, CLSK, RIOT, and MARA achieved more than 100% YoY hash rate growth.
Discover how Bitcoin mining companies are navigating operational efficiency amid global layoff trends by examining their G&A expenses relative to revenue. Insights cover $MARA, $CLSK, $RIOT and other top miners.
Discover how MARA Holdings, the largest Bitcoin mining company by market cap, strategically accumulates BTC, outperforming traditional investments with its treasury strategy, while also exploring the risks and rewards of holding Bitcoin on the balance sheet.
