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16 Publicly Listed Bitcoin Mining Companies Captured 23% of Market Share in August, Producing Over 3,000 BTC Ultramining 12 Sep 2024

16 Publicly Listed Bitcoin Mining Companies Captured 23% of Market Share in August, Producing Over 3,000 BTC 📈

Riot Platforms USA Bitcoin Marathon Digital Holdings

August 2024 saw a significant consolidation in the Bitcoin mining industry, with 16 publicly listed mining companies collectively capturing nearly 23% of the market share. These companies produced a total of 3,226 Bitcoins throughout the month, maintaining a steady output compared to previous months despite increasing competition in the sector.

The consolidation of market share among these publicly listed firms marks a shift towards greater corporate involvement in Bitcoin mining, with large players like Marathon Digital Holdings and Riot Platforms leading the charge. As institutional interest in mining continues to grow, the industry is expected to see further competition and potential mergers among smaller players looking to scale operations.

Source: ultramining.com ↗

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