Bitcoin Mining Stocks by Hash Rate
The total reported hash rate is ... as at ...
Learn more about Hash Rate and our calculations.
1Indicates self-mining operations.
Data Source
Companies' press releases and SEC filings
About Hash Rate
Hash rate is a measure of computing power used in the proof-of-work (PoW) mining process. It is quantified by the number of guesses each mining rig makes per second to solve a hash. For publicly listed miners, the most common unit is EH/s (exa hash), where 1 EH/s equals 1,000,000,000,000,000,000 (one quintillion) hashes per second.
Updates on mining operations among public miners can vary significantly. Common terms used for disclosing mining capacity include total hash rate under management, energized hash rate, installed hash rate, realized hash rate, active hash rate, operating hash rate, and more.
Categorization of Data:
Installed Hash Rate = Mining Capacity = Total Hash Rate Under Management
Operating Hash Rate = Active Hash Rate = Energized Hash Rate
The installed hash rate represents the total hash power a miner has deployed, while the operating hash rate indicates the amount of computing power that was active during the month.
How is Total Hash Rate Calculated?
Total Hash Rate is the sum of the Installed Hash Rate values. If a company does not have a value for Installed Hash Rate but provides their Operating Hash Rate, then this value is added to the sum.
Percentage Change Calculation Method
When calculating percentage changes over time, we focus on the installed hash rate, as this metric is most indicative of a miner's capacity. Analysts prefer this metric because it reflects the miner's potential, even if not fully utilized due to factors like energy curtailment programs, fleet upgrades, or extreme weather conditions. However, miners have the ability to ramp up operations when conditions permit.
In cases where miners only disclose their operating hash rate (and the installed hash rate is not provided), we use the operating hash rate for calculating percentage changes.
Additional Notes
Some miners, such as Core Scientific, TeraWulf, Bitdeer, Hut 8, and Soluna, disclose their self-mining operations but do not provide details on their operating hash rate. In these instances, we display their self-mining computing power as operating power. Notes are added where applicable.