Bitcoin 
Ethereum 
Tether 
XRP 
BNB 
USDC 
Lido Staked Ether 
TRON 
Dogecoin 
Cardano 
Figure Heloc 
WhiteBIT Coin 
Wrapped stETH 
Bitcoin Cash 
Wrapped Bitcoin 
Wrapped Beacon ETH 
USDS 
Chainlink 
Binance Bridged USDT (BNB Smart Chain) 
LEO Token 
WETH 
Wrapped eETH 
Hyperliquid 
Stellar 
Monero 
Zcash 
Ethena USDe 
Coinbase Wrapped BTC 
Litecoin 
Sui 
Avalanche 
Hedera 
Shiba Inu 
USDT0 
Dai 
sUSDS 
World Liberty Financial 
Toncoin 
Cronos 
PayPal USD 
Mantle 
Ethena Staked USDe 
Polkadot 
Uniswap 
Aave 
Bittensor 
USD1 
Canton 
Bitget Token 
OKB 
NEAR Protocol 
Tether Gold 
Falcon USD 
MemeCore 
Ethena 
Ethereum Classic 
BlackRock USD Institutional Digital Liquidity Fund 
Pepe 
Aster 
Binance-Peg WETH 
Jito Staked SOL 
Pi Network 
Internet Computer 
Rain 
Pump.fun 
Provenance Blockchain 
Solana 
Jupiter Perpetuals Liquidity Provider Token 
Ondo 
syrupUSDC 
HTX DAO 
Worldcoin 
PAX Gold 
Global Dollar 
Kaspa 
BFUSD 
KuCoin 
Rocket Pool ETH 
syrupUSDT 
Circle USYC 
Aptos 
POL (ex-MATIC) 
Ripple USD 
Binance Bridged USDC (BNB Smart Chain) 
Quant 
Sky 
Wrapped BNB 
Gate 
Arbitrum 
Algorand 
Binance Staked SOL 
Official Trump 
Kelp DAO Restaked ETH 
Filecoin 
VeChain 
Cosmos Hub 
Function FBTC 
USDtb 
Flare 
Liquid Staked ETH 
Solv Protocol BTC 
Lombard Staked BTC 
NEXO 
XDC Network 
Superstate Short Duration U.S. Government Securities Fund (USTB) 
Render 
Sei 
First Digital USD 
Kinetiq Staked HYPE 
Bonk 
PancakeSwap 
OUSG 
Renzo Restaked ETH 
Janus Henderson Anemoy AAA CLO Fund 
Mantle Staked Ether 
Arbitrum Bridged WBTC (Arbitrum One) 
Pudgy Penguins 
Story 
Jupiter 
clBTC 
Ondo US Dollar Yield 
Polygon Bridged USDC (Polygon PoS) 
Morpho 
Jupiter Staked SOL 
USDai 
Polygon PoS Bridged DAI (Polygon POS) 
StakeWise Staked ETH 
Artificial Superintelligence Alliance 
L2 Standard Bridged WETH (Base) 
Dash 
Aerodrome Finance 
Optimism 
Beldex 
SPX6900 
Ultima 
Curve DAO 
tBTC 
Injective 
MYX Finance 
Virtuals Protocol 
Usual USD 
Stacks 
Lido DAO 
USDD 
Tezos 
Starknet 
Arbitrum Bridged WETH (Arbitrum One) 
Telcoin 
Ether.fi 
Celestia 
GTETH 
TrueUSD 
cgETH Hashkey Cloud 
The Graph 
Mantle Bridged USDT (Mantle) 
Marinade Staked SOL 
FLOKI 
Stader ETHx 
Spiko EU T-Bills Money Market Fund 
Kaia 
DoubleZero 
GHO 
Ether.Fi Liquid ETH 
Ethereum Name Service 
IOTA 
Steakhouse USDC Morpho Vault 
AB 
Swell Ethereum 
Trust Wallet 
BitTorrent 
USDB 
Sun Token 
Bitcoin SV 
Coinbase Wrapped Staked ETH 
sBTC 
Pyth Network 
Lorenzo Wrapped Bitcoin 
Pendle 
Sad Coin 
dogwifhat 
JUST 
Decred 
Basic Attention 
Conflux 
Fartcoin 
Olympus 
Avalanche Bridged BTC (Avalanche) 
The Sandbox 
ether.fi Staked ETH 
Merlin Chain 
Binance-Peg Dogecoin 
AINFT 
Sonic 
Helium 
EURC 
Theta Network 
Flow 
JasmyCoin 
BENQI Liquid Staked AVAX 
GALA 
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.
