Bitcoin.com 3 weeks ago

Public Miners Surpass 35% of Bitcoin’s Total Hash Rate: MARA, CLSK and IREN Exceed 2024 Expansion Targets ⛏️

MARA CLSK Bitcoin Riot IREN

Publicly listed Bitcoin mining companies have significantly increased their share of the network's hash rate, with the total hash rate of these miners now reaching 318.09 EH/s by the end of 2024. This represents over 35% of Bitcoin's total hash rate, a noticeable rise from the previous year's 21% share.

Companies such as IREN, CLSK, RIOT, and MARA have reported more than 100% year-on-year growth in their hash rate, highlighting the expanding influence of public entities in the Bitcoin mining sector. The increase emphasizes the strategic advancements and investments made by these companies.

Source: news.bitcoin.com ↗

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