Bitcoin 
Ethereum 
Tether 
XRP 
BNB 
USDC 
Solana 
TRON 
Lido Staked Ether 
Figure Heloc 
Dogecoin 
USDS 
WhiteBIT Coin 
Hyperliquid 
LEO Token 
Wrapped stETH 
Cardano 
Bitcoin Cash 
Wrapped Bitcoin 
Chainlink 
Binance Bridged USDT (BNB Smart Chain) 
Monero 
Wrapped Beacon ETH 
Zcash 
Ethena USDe 
Canton 
Wrapped eETH 
Stellar 
MemeCore 
sUSDS 
Dai 
USD1 
Litecoin 
Coinbase Wrapped BTC 
PayPal USD 
Avalanche 
Rain 
WETH 
Hedera 
Toncoin 
Sui 
USDT0 
Shiba Inu 
Cronos 
Circle USYC 
Tether Gold 
World Liberty Financial 
Bittensor 
BlackRock USD Institutional Digital Liquidity Fund 
Ethena Staked USDe 
PAX Gold 
Mantle 
Global Dollar 
Polkadot 
Uniswap 
Falcon USD 
OKB 
Sky 
Pi Network 
NEAR Protocol 
Little Pepe 
Aster 
HTX DAO 
syrupUSDC 
USDD 
Pepe 
Ripple USD 
Aave 
Internet Computer 
Janus Henderson Anemoy Treasury Fund 
Bitget Token 
Ondo US Dollar Yield 
BFUSD 
Ethereum Classic 
Ondo 
Gate 
KuCoin 
Quant 
Jupiter Perpetuals Liquidity Provider Token 
Pump.fun 
Render 
Worldcoin 
Morpho 
Algorand 
Jito Staked SOL 
Spiko EU T-Bills Money Market Fund 
Kaspa 
Kelp DAO Restaked ETH 
POL (ex-MATIC) 
Cosmos Hub 
Binance-Peg WETH 
NEXO 
Rocket Pool ETH 
USDtb 
Superstate Short Duration U.S. Government Securities Fund (USTB) 
Binance Bridged USDC (BNB Smart Chain) 
Ethena 
Blockchain Capital 
Wrapped BNB 
RaveDAO 
Function FBTC 
OUSG 
JUST 
Arbitrum 
Filecoin 
Flare 
syrupUSDT 
Aptos 
Provenance Blockchain 
Official Trump 
Binance Staked SOL 
Midnight 
Beldex 
XDC Network 
YLDS 
Siren 
VeChain 
NEW X CEO IS BACK 
Polygon Bridged USDC (Polygon PoS) 
GHO 
Solv Protocol BTC 
Stable 
Lombard Staked BTC 
Jupiter 
Usual USD 
Dash 
clBTC 
Artificial Superintelligence Alliance 
Bonk 
TrueUSD 
A7A5 
LayerZero 
PancakeSwap 
StakeWise Staked ETH 
DeXe 
ADI 
Kinetiq Staked HYPE 
tBTC 
Virtuals Protocol 
EURC 
WrappedM by M0 
Pudgy Penguins 
Janus Henderson Anemoy AAA CLO Fund 
First Digital USD 
Stacks 
Decred 
Chiliz 
c8ntinuum 
Tezos 
Mantle Staked Ether 
Kinesis Gold 
Sei 
Polygon PoS Bridged DAI (Polygon POS) 
USX 
Resolv wstUSR 
Monad 
COCA 
PRIME 
Venice Token 
Sun Token 
Doge Strategy 
Liquid Staked ETH 
Aerodrome Finance 
Arbitrum Bridged WBTC (Arbitrum One) 
AINFT 
Ether.fi 
Gnosis 
BitTorrent 
Wrapped Flare 
Curve DAO 
edgeX 
L2 Standard Bridged WETH (Base) 
Bitcoin SV 
Steakhouse USDC Morpho Vault 
Plasma 
Injective 
USDai 
SPX6900 
Ape and Pepe 
Binance-Peg XRP 
Kaia 
Ether.Fi Liquid ETH 
Legacy Frax Dollar 
Renzo Restaked ETH 
Kinesis Silver 
Lighter 
Noon 
sBTC 
Conflux 
Lido DAO 
FLOKI 
Jupiter Staked SOL 
Maple Finance 
Savings USDD 
Celestia 
Official FO 
DoubleZero 
Marinade Staked SOL 
JasmyCoin 
Arbitrum Bridged WETH (Arbitrum One) 
It was an eventful year for bitcoin miners in 2024, with the fourth Bitcoin halving and the cryptocurrency surpassing the $100,000 threshold. Kicking off 2025, three publicly traded mining companies posted double-digit gains, while others also delivered solid performances.
Bitcoin Miners Ride High: Top Seven Firms by Market Cap Post Gains
Currently, bitcoinminingstock.io lists around 30 publicly listed mining firms as of Jan. 2, 2025. Leading the pack in total market value is Galaxy Digital, a company offering a variety of crypto services beyond mining. Established in January 2021, Galaxy Digital now boasts a market cap of $6.07 billion. Close behind, MARA Holdings holds the second spot with a valuation of $5.94 billion.
Top three publicly listed bitcoin miners by market valuation.
In third place, Core Scientific’s market cap slightly exceeds $4 billion this week. Year-to-date (YTD) figures show that Galaxy Digital shares (GLXY) edged up by 2.12%, MARA shares climbed 4.23%, and CORZ shares saw a 3.2% increase. Mawson Infrastructure Group (Nasdaq: MIGI) stole the show, however, with a massive 20.38% gain to start the year.
The top five gainers in 2025 so far.
Northern Data (XETRA: NB2), ranking fifth by market cap, recorded a 14.7% increase, while Bitfufu experienced a 13.39% uptick against the U.S. dollar. Other strong performers included Bitfarms, Stronghold, Bitdeer, and Hive. Impressively, the seven largest publicly listed mining firms have all begun the year with gains. With 2024’s turbulence behind them, the early weeks of 2025 suggest an electrifying year ahead for bitcoin miners.
Several firms are adopting strategic reserve policies, holding bitcoin on their balance sheets, while others are branching out into artificial intelligence (AI) cloud services and data management. Some companies are leveraging debt to boost their bitcoin acquisitions and expand infrastructure, with substantial orders placed for mining machines from manufacturers such as Bitmain, Canaan, Microbt, and Auradine.
