Bitcoin 
Ethereum 
Tether 
XRP 
BNB 
USDC 
Solana 
TRON 
Lido Staked Ether 
Dogecoin 
Figure Heloc 
Bitcoin Cash 
WhiteBIT Coin 
Cardano 
USDS 
Wrapped stETH 
LEO Token 
Hyperliquid 
Wrapped Bitcoin 
Chainlink 
Binance Bridged USDT (BNB Smart Chain) 
Ethena USDe 
Wrapped Beacon ETH 
Canton 
Monero 
Stellar 
Wrapped eETH 
USD1 
Rain 
sUSDS 
Zcash 
Hedera 
Litecoin 
Coinbase Wrapped BTC 
Dai 
PayPal USD 
Avalanche 
WETH 
Shiba Inu 
Sui 
World Liberty Financial 
USDT0 
Toncoin 
Cronos 
Tether Gold 
PAX Gold 
MemeCore 
Uniswap 
Polkadot 
Ethena Staked USDe 
Mantle 
BlackRock USD Institutional Digital Liquidity Fund 
Aave 
Aster 
Bittensor 
Pepe 
Falcon USD 
OKB 
Bitget Token 
Global Dollar 
Circle USYC 
syrupUSDC 
Pi Network 
Ripple USD 
HTX DAO 
Sky 
Ethereum Classic 
NEAR Protocol 
BFUSD 
Ondo 
Pump.fun 
Superstate Short Duration U.S. Government Securities Fund (USTB) 
Internet Computer 
POL (ex-MATIC) 
Cosmos Hub 
Gate 
KuCoin 
Jupiter Perpetuals Liquidity Provider Token 
Worldcoin 
Midnight 
Provenance Blockchain 
NEXO 
Jito Staked SOL 
Ethena 
Morpho 
Kelp DAO Restaked ETH 
USDtb 
Kaspa 
Binance-Peg WETH 
Flare 
Rocket Pool ETH 
Official Trump 
Algorand 
Binance Bridged USDC (BNB Smart Chain) 
Spiko EU T-Bills Money Market Fund 
Render 
Wrapped BNB 
USDD 
Function FBTC 
Filecoin 
Janus Henderson Anemoy AAA CLO Fund 
OUSG 
XDC Network 
Ondo US Dollar Yield 
syrupUSDT 
Aptos 
VeChain 
Beldex 
Binance Staked SOL 
Arbitrum 
Janus Henderson Anemoy Treasury Fund 
Usual USD 
Bonk 
GHO 
Stable 
Polygon Bridged USDC (Polygon PoS) 
Jupiter 
Solv Protocol BTC 
A7A5 
Lombard Staked BTC 
TrueUSD 
USDai 
Sei 
clBTC 
pippin 
Fasttoken 
EURC 
Stacks 
PancakeSwap 
Pudgy Penguins 
StakeWise Staked ETH 
Dash 
Decred 
Kinetiq Staked HYPE 
tBTC 
Virtuals Protocol 
Tezos 
WrappedM by M0 
Kinesis Gold 
First Digital USD 
Lighter 
Story 
Kite 
JUST 
Injective 
Mantle Staked Ether 
Artificial Superintelligence Alliance 
Chiliz 
Polygon PoS Bridged DAI (Polygon POS) 
c8ntinuum 
Resolv wstUSR 
Curve DAO 
COCA 
LayerZero 
Ether.fi 
USX 
Liquid Staked ETH 
BitTorrent 
Arbitrum Bridged WBTC (Arbitrum One) 
AINFT 
Kaia 
PRIME 
Sun Token 
Wrapped Flare 
Bitcoin SV 
Gnosis 
L2 Standard Bridged WETH (Base) 
ADI 
Steakhouse USDC Morpho Vault 
Pyth Network 
Aerodrome Finance 
The Graph 
SPX6900 
IOTA 
Binance-Peg XRP 
Humanity 
Ether.Fi Liquid ETH 
Celestia 
Renzo Restaked ETH 
FLOKI 
JasmyCoin 
sBTC 
crvUSD 
Lido DAO 
Helium 
Jupiter Staked SOL 
Legacy Frax Dollar 
Savings USDD 
Conflux 
Optimism 
Olympus 
Marinade Staked SOL 
Maple Finance 
Arbitrum Bridged WETH (Arbitrum One) 
BTSE Token 
Telcoin 
Ethereum Name Service 
DoubleZero 
Staked Aave 
ZKsync 
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.
