Bitcoin Mining Hashrate: Public Miners Ranked by Exahash
The total reported hash rate is as of . This bitcoin mining hashrate tracker ranks every publicly traded miner by operating exahash.
Bitcoin Mining Companies Ranked by Hashrate
Learn more about Hash Rate and our calculations.
1Indicates self-mining operations.
Bitcoin Hashrate FAQ
What is EH/s in Bitcoin Mining?
EH/s stands for exahashes per second, a unit measuring computational power in Bitcoin mining. One exahash equals one quintillion (1018) hashes per second. It is the standard unit used by publicly traded Bitcoin miners to report their mining capacity. Higher EH/s indicates greater mining power, which directly impacts a miner's share of BTC production data and network rewards.
Which Public Bitcoin Miner Has the Highest Hashrate?
The current top public Bitcoin miners by operating hashrate are Bitdeer Technologies Group (68.00 EH/s) , MARA Holdings, Inc. (61.70 EH/s) , and CleanSpark, Inc. (43.20 EH/s) . The table above ranks all publicly traded Bitcoin mining companies by their reported EH/s. Alongside hashrate, investors typically compare miners by their Bitcoin treasury holdings and enterprise value rankings to assess overall positioning.
How Much Hashrate is Needed to Mine 1 BTC?
The hashrate needed to mine 1 BTC depends on the current network difficulty, block reward, and total network hashrate. With the global hashrate exceeding 1,000 EH/s and a block reward of 3.125 BTC after the 2024 halving, solo mining 1 BTC would require enormous computational power. Most miners join mining pools to earn proportional rewards based on their contributed hashrate. Many public miners are also diversifying infrastructure toward AI data center capacity.
What is Bitcoin Hashrate?
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.
Historical Bitcoin Hashrate Data
To explore historical hash rate data, users can browse monthly figures or filter by individual companies to view their full hash rate history. Both installed and operating hash rate metrics are tracked and displayed on charts for easy comparison and trend analysis. For a deep dive into recent growth trends, see our analysis on public miners surpassing 35% of Bitcoin's total hash rate.
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 Operating Hash Rate values. If a company does not have a value for Operating Hash Rate but provides their Installed Hash Rate, then this value is added to the sum.
Methodology
When calculating percentage changes over time, we focus on the operating hash rate, as this metric is most indicative of a miner's capacity. Analysts prefer this metric because it reflects the miner's actual output they are capable of producing. In cases where miners only disclose their installed hash rate (and the operating hash rate is not provided), we use the installed hash rate for calculating percentage changes.
To calculate the percentage of the global hash rate which a miner makes up, we compare their monthly operating hash rate to average global hash rate for the relevant month. If a miner does not report their operating hash rate value, we use their installed hash rate. This method, which requires first calculating the average global hash rate for the relevant period, makes sense because most miner's operating hash rate is their average hash rate in the reporting month.
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.
In cases where a company discloses only one hash rate figure, the reported number is recorded under either installed hash rate or operating hash rate, depending on the context of the disclosure. The other field is left blank. A blank field reflects missing disclosure, not zero activity. For example, American Bitcoin does not currently report a separate active hash rate. This does not mean the company is not hashing; it simply means that operating data has not been disclosed.
Data Source
Companies' press releases and SEC filings.