Bitcoin 
Ethereum 
Tether 
BNB 
XRP 
USDC 
TRON 
Lido Staked Ether 
Dogecoin 
Figure Heloc 
Cardano 
Wrapped stETH 
Monero 
Bitcoin Cash 
WhiteBIT Coin 
Wrapped Beacon ETH 
Wrapped Bitcoin 
Wrapped eETH 
Chainlink 
USDS 
Binance Bridged USDT (BNB Smart Chain) 
LEO Token 
WETH 
Stellar 
Coinbase Wrapped BTC 
Sui 
Zcash 
Ethena USDe 
Avalanche 
Hyperliquid 
Litecoin 
Canton 
Shiba Inu 
Hedera 
World Liberty Financial 
USDT0 
sUSDS 
Dai 
Toncoin 
Cronos 
Ethena Staked USDe 
Polkadot 
PayPal USD 
Uniswap 
USD1 
Mantle 
Rain 
MemeCore 
Bittensor 
Aave 
Pepe 
Bitget Token 
OKB 
Tether Gold 
NEAR Protocol 
Falcon USD 
Jito Staked SOL 
Ethereum Classic 
Binance-Peg WETH 
Internet Computer 
Ethena 
PAX Gold 
Pi Network 
BlackRock USD Institutional Digital Liquidity Fund 
Aster 
POL (ex-MATIC) 
Wrapped SOL 
Worldcoin 
Jupiter Perpetuals Liquidity Provider Token 
Binance Staked SOL 
HTX DAO 
Pump.fun 
Circle USYC 
Global Dollar 
KuCoin 
Aptos 
syrupUSDC 
Ripple USD 
Wrapped BNB 
Sky 
Rocket Pool ETH 
BFUSD 
Binance Bridged USDC (BNB Smart Chain) 
Story 
Ondo 
Kaspa 
Cosmos Hub 
Render 
Arbitrum 
Gate 
Algorand 
Provenance Blockchain 
Kelp DAO Restaked ETH 
MYX Finance 
Filecoin 
Official Trump 
Midnight 
Quant 
Function FBTC 
VeChain 
Lombard Staked BTC 
Solv Protocol BTC 
NEXO 
Bonk 
Flare 
USDD 
XDC Network 
Mantle Staked Ether 
Liquid Staked ETH 
USDtb 
OUSG 
Janus Henderson Anemoy AAA CLO Fund 
Superstate Short Duration U.S. Government Securities Fund (USTB) 
Sei 
Pudgy Penguins 
WrappedM by M^0 
Arbitrum Bridged WBTC (Arbitrum One) 
Polygon Bridged USDC (Polygon PoS) 
Morpho 
Stacks 
Renzo Restaked ETH 
Jupiter Staked SOL 
clBTC 
Dash 
Optimism 
Jupiter 
Beldex 
Ondo US Dollar Yield 
PancakeSwap 
syrupUSDT 
Virtuals Protocol 
StakeWise Staked ETH 
Wrapped Flare 
USDai 
Artificial Superintelligence Alliance 
L2 Standard Bridged WETH (Base) 
Polygon PoS Bridged DAI (Polygon POS) 
Tezos 
Curve DAO 
Spiko EU T-Bills Money Market Fund 
c8ntinuum 
Kinetiq Staked HYPE 
Arbitrum Bridged WETH (Arbitrum One) 
SPX6900 
tBTC 
Usual USD 
Injective 
Chiliz 
Lido DAO 
Celestia 
Aerodrome Finance 
Lighter 
GTETH 
Ether.fi 
FLOKI 
First Digital USD 
GHO 
TrueUSD 
Marinade Staked SOL 
Fasttoken 
Ether.Fi Liquid ETH 
Stader ETHx 
The Graph 
Maple Finance 
Coinbase Wrapped Staked ETH 
Wrapped ApeCoin 
Steakhouse USDC Morpho Vault 
Starknet 
AB 
JasmyCoin 
IOTA 
sBTC 
Staked Aave 
BitTorrent 
DoubleZero 
River 
USDB 
Conflux 
Ethereum Name Service 
Janus Henderson Anemoy Treasury Fund 
Sun Token 
Fartcoin 
Pyth Network 
Bitcoin SV 
JUST 
dogwifhat 
Wrapped STX (Velar) 
Gnosis 
Trust Wallet 
Pendle 
Onyxcoin 
Kaia 
Binance-Peg Dogecoin 
Cap USD 
Telcoin 
AINFT 
Avalanche Bridged BTC (Avalanche) 
BENQI Liquid Staked AVAX 
crvUSD 
EURC 
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.
