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