Gitnux/Report 2026

Crypto Mining Industry Statistics

Bitcoin’s network difficulty hit 87.43T on Dec 7, 2024—see how difficulty adjustments shape profitability and miner operations across the crypto mining industry.
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November 10, 2026Updated
Crypto Mining Industry Statistics
Marie LarsenWritten by Marie Larsen·Edited by Marcus Afolabi·Fact-checked by Rajesh Patel
Published ·Updated
How this report is researched
01Editorial Scope

Gitnux editors write the brief first: the topic, the inclusion rules, and the frame for what belongs.

02Source Research

Agents search the published record and log every extracted figure back to the passage it came from.

Read our full methodology →

Search agents attach provenance to every extracted figure.

Next review: within 39 days

01 Industry overview

The crypto mining industry at a glance

Crypto mining is a power-intensive, increasingly concentrated industry: the global cryptocurrency-mining market was valued at $1.8 billion in 2025, while the United States accounted for 37.8% of global Bitcoin hashrate in Q4 2025.

$1.8B[62]
Global market size, 2025
8%[62]
Forecast CAGR, 2026–2034
37.8%[63]
U.S. Bitcoin hashrate share, Q4 2025
6,594.6 BTC[1]
MARA production, 2025
Market size
The global cryptocurrency-mining market was valued at $1.8 billion in 2025, according to Fortune Business Insights. Market estimates vary because some studies measure mining services and hardware, while others focus on Bitcoin-mining revenue or infrastructure.[62]
Forecast & CAGR
Fortune Business Insights forecasts the market to reach $3.0 billion by 2032, representing an 8% CAGR during the forecast period. The report identifies cryptocurrency adoption and demand for digital-currency infrastructure as major growth factors.[62]
Market share & regions
The United States represented 37.8% of global Bitcoin hashrate in Q4 2025, followed by Russia at 15.5% and China at 14.1%, according to Hashrate Index. Paraguay, the United Arab Emirates, Oman and Canada were also among the leading mining locations.[63]
Segmentation
The market is segmented by hardware, including ASICs, GPUs and CPUs; by mining model, including self-mining, cloud mining and remote or hosted services; and by enterprise size, with large and small mining businesses identified as separate categories.[62]
Key players & concentration
Bitcoin mining-pool activity is highly concentrated: Foundry, Antpool, ViaBTC and F2Pool collectively controlled more than 75% of observed Bitcoin hashrate in a six-month period ending December 30, 2024. Foundry alone accounted for 35.8%.[18]
Pricing
Mining economics depend mainly on cryptocurrency prices, block rewards, network difficulty and electricity costs. The April 2024 Bitcoin halving reduced the block reward from 6.25 BTC to 3.125 BTC per block, increasing pressure on miners to secure low-cost power and more efficient hardware.[64][1]
Trends, drivers & challenges
Bitcoin mining used an estimated 120 TWh of electricity globally in 2023, with a plausible range of 67–240 TWh. In the United States, cryptocurrency mining was estimated to consume 0.6%–2.3% of national electricity use, creating challenges around grid reliability, emissions, local noise and access to affordable power.[56]
Consumer behavior & competition
Mining is increasingly organized through pools because rising network difficulty makes solo mining economically less predictable. In 2025, the four largest observed pools—Foundry, Antpool, ViaBTC and F2Pool—accounted for more than three-quarters of Bitcoin hashrate, indicating intense competition for scale, uptime, energy efficiency and financing.[18][63]
M&A
Industry consolidation continued in 2025: Bitfarms completed its stock-for-stock acquisition of Stronghold Digital Mining on March 17, 2025, making Stronghold a wholly owned subsidiary. NYDIG also agreed to acquire Crusoe’s Bitcoin-mining operations, including more than 270 MW of power-generation technology.[65][66]
Regulation
U.S. regulation remains fragmented rather than governed by one comprehensive federal crypto-mining framework. In March 2025, the SEC’s Division of Corporation Finance stated that certain proof-of-work protocol-mining activities described in its statement do not involve the offer or sale of securities under the circumstances addressed.[67][1]
Latest news
Recent industry developments show miners expanding beyond Bitcoin: Bitfarms announced plans to leverage 341 MW of capacity for AI infrastructure, while other operators have pursued acquisitions of power assets and mining sites. The shift reflects pressure from the 2024 halving and the higher-value economics of AI and high-performance-computing workloads.[68][66]

02 Ranking

Top 10 Companies in the Crypto Mining Industry

The leading companies in the crypto mining industry, ranked on market impact, performance, momentum, innovation and brand popularity.

Updated November 9, 2026 · Next review December 9, 2026

Verdict

Bitmain leads Gitnux's 2026 crypto mining ranking with an Overall score of 9.6, with ANTMINER described as a leading global digital-currency mining-server brand. MicroBT is the runner-up at 9.2, backed by WhatsMiner described as a global Bitcoin mining hardware brand.

Ranked by Overall score · How we score ↓

Editor's top 3 picks

Where to start, by need.

  1. #1 Overall · Leader in bitcoin ASIC mining hardware

    Bitmain

    CN

    Ranked #1 · 9.6 · Bitcoin ASIC mining hardware

    Why we picked it: Its ANTMINER line anchors Bitcoin ASIC server supply for self-mining operators and hosted networks.

    See in ranking ↓Visit bitmain.com ↗

  2. Leader in self-mining and hosting

    Bitdeer Technologies Group

    SG

    Ranked #3 · 9.2 · Self-mining and hosting

    Why we picked it: Its mix of self-mining, hosting, and ASIC hardware ties revenue to both capacity and services.

    See in ranking ↓Visit bitdeer.com ↗

  3. Leader in renewable-powered mining

    HIVE Digital Technologies

    CA

    Ranked #5 · 9.1 · Renewable-powered mining

    Why we picked it: Its renewable-powered operating capacity links fleet deployment to Uptime and energy constraints.

    See in ranking ↓Visit hivedigitaltechnologies.com ↗

Pick 1 is the #1 company overall. Picks 2 and 3 are the highest-ranked companies in the top 5 that add a new segment.

Full ranking

Sort by
Top 10 companies in the crypto mining industry, 2026 – Gitnux ranking
#CompanyOverall ↓Company snapshot
1

Bitmain

Bitcoin ASIC mining hardware · CN

9.6
2

MicroBT

Bitcoin ASIC mining hardware · CN

9.2
3

Bitdeer Technologies Group

Self-mining and hosting · SG

9.2
4

CleanSpark

Self-mining and hosting · US

9.1
5

HIVE Digital Technologies

Renewable-powered mining · CA

9.1
6

IREN

Bitcoin mining and AI data centers, global · AU

9.1
7

TeraWulf

Low-carbon Bitcoin mining and data centers, United States · US

8.7
8

Core Scientific

Bitcoin mining and digital-asset hosting, United States · US

8.1
9

BitFuFu

Cloud mining, self-mining and hosting, global · SG

7.7
10

Argo Blockchain

Bitcoin mining, North America · GB

7.0

How we score

  • Impact (30%): scale and weight in the market (revenue, market share, employees, market position).
  • Performance (20%): recent revenue growth and operating margin; an analyst assessment where a company does not publish them.
  • Momentum (20%): growth trajectory and future potential.
  • Innovation (15%): R&D intensity and how technologically advanced the company is.

Popularity (brand search demand, 15%) counts toward Overall but is not published as a column. Overall leaves out what is not known.

Scale Scores are shown on a 7–10 scale with one decimal; bars start at 7.0.

Cadence Recalculated when new figures are published; next review December 9, 2026.

Independence. Rankings are editorially independent. Scores, ranks, picks and the verdict follow the method above; no company can pay to change them.

Cite this ranking

APA

Marie Larsen. (2026, February 13). Top 10 companies in the crypto mining industry. In Crypto Mining Industry Statistics. Gitnux. https://gitnux.org/crypto-mining-industry-statistics/#top-companies

report visual · Breakdown

Bitcoin mining total power use by grid connection

Grid-connected power holds the largest share at 91.9%.

8.1%
Off-grid power
91.9%
Grid-connected power
source-verifiedjbs.cam.ac.uk

04 Statistics

Technology & Innovation

This section shows AI and high-performance computing entering mining economics, including 70% of listed miners’ revenue potentially coming from AI by end of 2026.

AI in the crypto mining industry

  • 22.5 MW primarily supported bitcoin mining at PowerCompute’s sites, with part of the capacity allocated to an enterprise HPC pilot program in 2026.[1]
  • 70% of listed bitcoin miners’ revenue could come from AI by the end of 2026, compared with roughly 30% in early 2026, according to CoinShares.[2]
  • $70.5 million was Core Scientific’s AI-cloud revenue in the second quarter of 2026, exceeding its $66.7 million of mining revenue.[2]
  • 9% of IREN’s fourth-quarter revenue came from AI cloud services in 2025.[2]
  • 39% of Core Scientific’s fourth-quarter revenue came from AI and high-performance-computing colocation in 2025.[2]
  • 5% of HIVE’s fourth-quarter revenue came from high-performance computing in 2025.[2]

Automation in the crypto mining industry

  • Over 25 publicly traded mining companies had adopted advanced management software, sophisticated cooling and automation tools by 2025, according to GoMining.[3]
  • 7 operational data centers were used by Core Scientific to host bitcoin-mining customers in 2023, supported by centralized facility-development and operating teams.[1]
  • 1 AI-enabled miner-management software platform, LōD, was adopted by Bitfarms to support performance, energy trading and demand response in 2025.[1]

Digital Transformation in the oil and gas sector (sector benchmark)

  • 92% of oil and gas and chemicals companies were implementing, developing or planning new digital-twin applications within five years in 2025.[4]
  • Across oil, gas and utilities worldwide, 17% of companies reported completing their digital-transformation journeys in 2022.[5]
  • Over 90% of upstream oil and gas respondents expect their organisation’s digital spending to grow during the five years after 2026.[4]
  • For every US$1 spent, upstream oil and gas companies expect digital solutions to generate US$2.80 of value, according to EY’s global 2026 survey.[4]
  • 50% of oil and gas and chemicals companies were already using digital twins to manage assets in 2025, according to the EY Future of Energy Survey.[4]
  • Across oil, gas and utilities worldwide, 31% cited tighter integration and cross-functional collaboration among the top two drivers of enterprise-software adoption in 2022.[5]

Technology Adoption in the oil and gas sector (sector benchmark)

  • Among oil, gas and energy organizations surveyed by ASUG, 56% expected AI and machine learning to greatly affect digital-transformation efforts in 2025.[6]
  • Among oil, gas and energy organizations surveyed by ASUG, 33% expected low-code or no-code technology to greatly affect digital-transformation efforts in 2025.[6]
  • Among oil, gas and energy organizations surveyed by ASUG, 19% expected conversational user interfaces or chatbots to greatly affect digital-transformation efforts in 2025.[6]
  • Among oil, gas and energy organizations surveyed by ASUG, 42% expected RPA or similar automation to greatly affect digital-transformation efforts in 2025.[6]

Cloud Computing in the oil and gas sector (sector benchmark)

  • Across oil and gas companies surveyed globally, 90% reported using cloud computing in 2020, while 76% of users were developing improvements or new use cases.[7]
  • Among oil, gas and energy organizations surveyed by ASUG, 47% expected cloud technology to greatly affect digital-transformation efforts in 2025.[6]
  • Across oil and gas companies surveyed globally, 49% ranked the cloud as a high-investment technology over the following 18 months.[8]
  • Across oil and gas companies surveyed globally, 45% ranked the cloud among technologies delivering high business benefit over the following 18 months.[8]

Big Data in the oil and gas sector (sector benchmark)

  • Across oil and gas organizations surveyed globally, 59% ranked big data and analytics among technologies delivering high business benefit over the following 18 months.[8]
  • Across oil and gas organizations surveyed globally, 52% ranked big data and analytics as a high-investment technology over the following 18 months.[8]
  • Across oil and gas companies surveyed in the 2016 Accenture upstream study, 36% were already investing in big data and analytics.[9]
  • Across oil and gas companies surveyed in the 2016 Accenture upstream study, 13% used big-data and analytics insights to shape their approach to markets and competitors.[9]

Blockchain in the crypto mining industry

  • 51% was the increase in Bitcoin network hashrate during 2024, rising from 547.43 EH/s to 827.89 EH/s.[10]
  • 52,354 blocks, or 97.9% of Bitcoin’s 2024 network output, were mined by mining pools.[11]
  • 53,473 blocks were mined on the Bitcoin blockchain in 2024.[10]

05 Statistics

Data & Analytics

This section quantifies operational throughput inputs like hashrate, hashprice, and fleet efficiency, using KPIs such as 91.28 PH/s for FY2026.

Business intelligence in the crypto mining industry

  • 327.5 ASIC machines was London BTC’s average worker count in the prior reporting period.[12]
  • 34.00 PH/s was London BTC’s average operating hashrate in the prior reporting period.[12]
  • 91.28 PH/s was London BTC’s average operating hashrate in FY2026.[12]
  • 15.52139294 Bitcoins were earned by London BTC in FY2026, before pool fees and hosting deductions.[12]
  • US$66.35 per PH per day was London BTC’s average realised hashprice in the prior reporting period.[12]
  • US$47.39 per PH per day was London BTC’s average realised hashprice in FY2026.[12]

Data analytics in the crypto mining industry

  • 520 rigs were deployed in the fourth quarter of 2025 by the reported company.[1]
  • 2,065 Scrypt ASIC miners were added by the reported company during 2025 before the year-end fleet reached 3,094 units.[1]
  • 4 geographically diversified U.S. colocation facilities hosted the reported company’s operating fleet at December 31, 2025.[1]
  • 3.95 kW per unit was the fleet’s average nameplate power consumption at December 31, 2025.[1]
  • 1,500 miners were initially deployed by the reported company at a single non-U.S. colocation facility in the first quarter of 2025.[1]
  • 1,000 additional miners were deployed across two U.S. colocation sites in the second quarter of 2025.[1]

Data Quality in the oil and gas sector (sector benchmark)

  • 66% of upstream oil and gas professionals rated accurate data as important for effective and efficient geoscience analysis in 2023.[13]
  • 12% of oil and gas respondents lacked the necessary information for data-driven decisions in 2023, across the surveyed industries worldwide.[14]
  • 62% of upstream oil and gas professionals rated complete data as important for effective and efficient geoscience analysis in 2023.[13]
  • 36% of geoscience professionals said having the most current and best-quality data was their biggest collaboration challenge in 2023, across oil and gas and other surveyed industries.[14]
  • 50% of oil and gas respondents were confident their organization could handle data-quality issues in 2023, based on a global geoscience-sector survey.[14]
  • 68% of upstream oil and gas professionals rated data integrity as important for effective and efficient geoscience analysis in 2023.[13]

Data Governance in the oil and gas sector (sector benchmark)

  • 14% of oil and gas respondents had an established data-management framework in 2023, one of the lowest rates among surveyed industries worldwide.[15]
  • 32% of oil and gas respondents expected to establish a data-management framework within two to three years in 2023.[15]
  • 4% of upstream oil and gas organizations reported that geoscience data management received only minimal senior-management and wider-business support in 2023.[13]
  • 56% of upstream oil and gas organizations identified data security as a data-management priority for the next two years in 2023.[13]
  • 40% of upstream oil and gas organizations considered data management a strategic priority in 2023, up from more than 30% in 2020.[13]
  • 96% of upstream oil and gas organizations identified data centralization as a current or future data-management priority for the next two years in 2023.[13]

KPIs in the crypto mining industry

  • 1,750 BTC and 3,951 ETH were held in Canaan’s cryptocurrency treasury at December 31, 2025.[1]
  • 16.4 J/TH was HIVE’s global fleet-efficiency KPI after optimization in 2026.[1]
  • 24.5 EH/s was HIVE’s global operating-hashrate KPI after 2026 firmware tuning.[1]
  • 300 Bitcoins were mined by Canaan in the fourth quarter of 2025 at average revenue of US$101,304 per Bitcoin.[1]
  • 881.8 machines was London BTC’s FY2026 average-worker-count KPI, compared with 327.5 machines in the prior period.[12]
  • 15.52139294 Bitcoins was London BTC’s FY2026 production KPI, compared with 18.08299429 in the prior period.[12]

06 Statistics

Strategy & Growth

This section ties fleet buildouts and efficiency tuning to capacity expansion, including HIVE’s 200 MW Paraguay expansion supporting more than 18 EH/s in 2025.

Growth in the crypto mining industry

  • MARA’s headcount increased from 48 to 152 during 2024 as the company expanded operations and shifted toward an asset-heavy strategy.[16]
  • Core Scientific ramped its Black Pearl data center to 150 MW of capacity by September 2025.[1]
  • CleanSpark reported 42.4 EH/s of month-end operating hashrate in April 2025.[17]
  • HIVE reported 289 bitcoins produced in October 2025 while completing its Paraguay expansion.[17]
  • HIVE completed a Paraguay expansion reaching 200 MW of operating hydroelectric capacity and more than 18 EH/s of global Bitcoin-mining capacity in 2025.[17]
  • HIVE surpassed 20 EH/s of global Bitcoin-mining capacity and reported a 233% year-to-date hashrate increase in 2025.[17]

Differentiation in the crypto mining industry

  • HIVE reported a 55% mining margin after electricity costs while operating above 20 EH/s in 2025.[17]
  • HIVE reported a global fleet efficiency of approximately 18.5 joules per terahash after its Paraguay expansion in 2025.[17]
  • Bitcoin-mining hardware efficiency improved 24% year over year to an estimated 28.2 joules per terahash by June 2024.[18]
  • Wind power accounted for 15.4% of Bitcoin-mining electricity in the Cambridge 2024 estimate.[18]
  • Renewable energy supplied 42.6% of Bitcoin-mining electricity in the Cambridge 2024 estimate, including hydropower, wind and solar.[18]
  • Bitcoin-mining operations generated an estimated 2.3 kilotonnes of electronic waste in 2024.[18]

Mergers and acquisitions in the crypto mining industry

  • MARA acquired a Mississippi mining site with 11 MW of infrastructure in September 2025 through the Greenidge transaction.[1]
  • BitFuFu entered long-term leases with purchase options for two U.S. mining facilities totaling 33 MW in 2024.[19]
  • Core Scientific emerged from bankruptcy in January 2024 after completing a restructuring and reorganization.[19]
  • BitFuFu acquired or contracted access to an 80 MW Ethiopian mining facility in October 2024, according to company transaction disclosures.[19]
  • A Greenidge acquisition completed in September 2025 added a Mississippi mining site backed by 11 MW and operating at 238 PH/s as of December 31, 2025.[1]
  • Northern Bitcoin merged with Whinstone Group in 2019, combining operations in the Netherlands, Sweden and the United States.[19]

Strategic partnerships in the crypto mining industry

  • Bitdeer expanded into AI cloud services through a partnership with Nvidia beginning in 2023.[19]
  • HIVE’s Paraguay expansion used 200 MW of hydroelectric power and supported more than 18 EH/s of mining capacity in 2025.[17]
  • BitFuFu’s hosted-mining network sourced equipment from Bitmain and other suppliers and operated across three continents in 2025.[1]
  • CleanSpark signed equipment agreements with two premier cryptocurrency-mining hardware suppliers covering 4,778 servers in 2021.[17]
  • Core Scientific held 49% equity interests in three 40 MW Bitcoin-mining data centers through a joint venture with WindHQ LLC.[1]
  • MARA launched a 25 MW micro-data-center operation with an oil-and-gas company in 2024 using flared natural gas from Texas and North Dakota wellheads.[16]

07 Statistics

People & Workforce

This section reports workforce levels and headcount shifts tied to mining expansion, such as CleanSpark at 270 staff at September 30, 2024.

Hiring in the crypto mining industry

  • 222 full-time employees worked for Hut 8 in the United States and Canada at December 31, 2024.[1]
  • 629 Riot Platforms employees worked in engineering, construction, manufacturing and bitcoin-mining operations at December 31, 2024.[1]
  • 270 staff members worked for CleanSpark at September 30, 2024, including 256 full-time employees.[1]
  • 197 employee positions were held globally by Bitfarms and its subsidiaries at December 31, 2024.[1]
  • 154 Riot Platforms employees worked in general or administrative support functions at December 31, 2024.[1]

Employee retention in the crypto mining industry

  • 39 employees was the year-over-year increase in Core Scientific’s full-time workforce between December 31, 2023 and December 31, 2024.[1]
  • 14 of CleanSpark’s 270 staff members were not full-time employees at September 30, 2024.[1]
  • 200 contractors and subcontractors supported Stronghold sites for Bitfarms at June 30, 2025.[1]
  • 256 of CleanSpark’s 270 staff members were full-time employees at September 30, 2024.[1]
  • 286 full-time employees worked for Core Scientific at December 31, 2023, compared with 325 at December 31, 2024.[1]

Remote Work in the oil and gas sector (sector benchmark)

  • Across U.S. oil and gas extraction, 40.0% of positions were fully hybrid in 2024, based on five employer respondents.[20]
  • In energy, oil and gas offices, average capacity usage was 3.2% on Fridays in 2024, the lowest weekday level recorded for the sector.[21]
  • Energy, oil and gas offices averaged 9.9% capacity usage in 2024, indicating substantially less office attendance than full-time in-person operation.[21]
  • Across Canada’s mining, quarrying, and oil and gas extraction sector, 27.4% of employees were expected to work entirely on-site in the fourth quarter of 2025.[22]
  • Oil and energy accounted for 31.1% of new remote job postings in 2024, while remote postings declined 17.3% from 2023.[23]

Hybrid Work in the oil and gas sector (sector benchmark)

  • Across Canada’s mining, quarrying, and oil and gas extraction sector, 36.0% of employees were expected to work partly on-site and partly remotely in the fourth quarter of 2025.[22]
  • Among U.S. energy, natural-resources, and chemicals workers, 25% preferred mostly remote work in KPMG’s 2025 survey.[24]
  • Among U.S. energy, natural-resources, and chemicals workers, 43% preferred mostly in-office work in KPMG’s 2025 survey.[24]
  • Across U.S. oil and gas extraction employers, 40% of surveyed positions were fully hybrid in 2023, based on five respondents.[20]

Employee Engagement in the oil and gas sector (sector benchmark)

  • Among oil, energy, and utilities employees, the engagement rate was 86% in the 2022–23 OE Engagement Report.[25]
  • At California Resources Corporation, 87% of employees agreed in 2023 that the people they work with treat each other with respect.[26]
  • Globally, 20% of employees were engaged in 2025, according to Gallup’s 2026 global report.[27]
  • At California Resources Corporation, 86% of employees agreed in 2023 that they could depend on members of their team.[26]
  • At California Resources Corporation, 76% of employees agreed in 2023 that their job gave them flexibility to meet work and personal needs.[26]

DEI in the crypto mining industry

  • 89 Bitfarms employees worked as operations technicians at December 31, 2024.[1]
  • 28% of Riot Platforms’ workforce was located in Colorado at December 31, 2024.[1]
  • 34 Bitfarms employees worked for Volta at December 31, 2024.[1]
  • 200 contractors and subcontractors were engaged at Bitfarms’ U.S. sites at June 30, 2025.[1]
  • 23 Bitfarms employees worked in IT and infrastructure at December 31, 2024.[1]

Change Management in the oil and gas sector (sector benchmark)

  • Across organizational change efforts examined by McKinsey, around 70% failed; the oil and gas practice identifies employee resistance and unsupportive management as leading factors.[28]

08 Statistics

Customer & Sales

This section captures commercial contracting patterns in hosting and cloud mining, including BitFuFu’s 77.1% recurring cloud-mining revenue from repeat customers in 2024.

Customer experience in the crypto mining industry

  • 10 mining machines is the minimum hosting capacity required by Bitari from prospective U.S. customers before entering a hosting agreement, according to its 2026 filing.[1]
  • 6,203 online mining machines were hosted by Bitari in fiscal 2024, compared with 5,575 in fiscal 2025, a 10% decrease linked partly to one major customer reducing its hosted machines.[1]

Customer retention in the crypto mining industry

  • 77.1% of BitFuFu’s cloud-mining revenue was recurring revenue from repeat customers in 2024.[1]
  • 117.1% was BitFuFu’s net dollar retention rate for cloud-mining customers in 2024.[1]
  • 97.7% of BitFuFu’s cloud-mining revenue was recurring revenue from repeat customers in 2023.[1]
  • 59.5% was BitFuFu’s net dollar retention rate in the second quarter of 2025.[29]
  • 97.3% of BitFuFu’s cloud-mining revenue was recurring revenue from repeat customers in 2022.[1]

Customer acquisition in the crypto mining industry

  • 22.6% of BitFuFu’s cloud-mining solutions revenue in 2025 came from customers acquired during that year, equal to US$79.7 million.[1]
  • 23.1% of BitFuFu’s cloud-mining solutions revenue in 2024 came from customers acquired during that year, equal to US$62.6 million.[1]
  • 7 hosting-service clients were served by Bitari during the nine months ended April 30, 2026, compared with 9 clients in fiscal 2025.[1]
  • 79.7 million U.S. dollars was BitFuFu’s cloud-mining revenue from new customers in 2025.[1]

Customer loyalty in the crypto mining industry

  • 591,751 registered users were recorded in BitFuFu’s cloud-mining business at December 31, 2024.[1]
  • 188,460 registered users were recorded in BitFuFu’s cloud-mining business at December 31, 2022.[1]
  • 304,270 registered users were recorded in BitFuFu’s cloud-mining business at December 31, 2023.[1]
  • 600,000 global registered users were exceeded by BitFuFu in February 2025.[30]

09 Statistics

Marketing & Brand

This section quantifies customer acquisition signals, including BitFuFu citing 600,000 global registered users as evidence of marketing impact in February 2025.

Marketing in the crypto mining industry

  • 600,000 global registered users were cited by BitFuFu as evidence of the impact of its global marketing strategy in February 2025.[30]
  • US$5,000–US$15,000 per month was the most common marketing-spend range reported by respondents in a 2025 crypto marketing survey, representing 31.3% of respondents.[31]

Digital marketing in the crypto mining industry

  • 46% of surveyed crypto owners in emerging markets in September 2022 reported earning cryptocurrency through mining or staking.[32]
  • 39% of surveyed crypto owners in September 2022 reported earning cryptocurrency through mining or staking.[32]
  • 51% of surveyed crypto owners in September 2022 preferred crypto-first exchanges as their method of acquiring cryptocurrency.[32]

Influencer Marketing in the oil and gas sector (sector benchmark)

  • Nearly 60 million combined followers belonged to influencers identified in fossil-fuel partnership posts published worldwide since 2017, according to analysis published in 2023.[33]
  • Shell’s official Instagram account averaged 183 comments per post among five leading European oil and gas companies analyzed over 2019–2022.[34]
  • Shell’s official Instagram account averaged 572 likes per post among five leading European oil and gas companies analyzed over 2019–2022.[34]
  • More than 100 influencers worldwide had been paid to promote fossil-fuel firms since 2017, in campaigns reported to have reached billions of people, according to a 2023 investigation.[33]
  • One Shell influencer campaign made audiences 31% more likely to believe the company was committed to cleaner fuels, according to a campaign submission cited in 2023.[33]

10 Statistics

Operations & Execution

This section emphasizes operational uptime and efficiency under power constraints, including 99% uptime reported for HIVE operations in 2025.

Process optimization in the crypto mining industry

  • 20.89 J/TH was CleanSpark’s average fleet efficiency in October 2024, alongside an average hashrate of 29.63 EH/s.[35]
  • 25.6 J/TH was TeraWulf’s projected miner-fleet efficiency for the first quarter of 2024, improving to 23.7 J/TH in its full-year 2024 projection.[1]
  • 21.1 J/TH was the average efficiency of TeraWulf’s miner fleet at December 31, 2025, with a reported fleet range of 15.0–34.2 J/TH.[1]
  • 35.5 EH/s was Riot Platforms’ deployed Bitcoin mining hashrate at December 31, 2025, compared with 31.5 EH/s one year earlier.[36]
  • 16.98 J/TH was CleanSpark’s average fleet efficiency in April 2025.[35]

Operational efficiency in the crypto mining industry

  • 66.4 EH/s was Marathon Digital’s energized hashrate at December 31, 2025, supported by approximately 490,000 owned mining rigs globally.[1]
  • 19.1 EH/s was Core Scientific’s self-mining hashrate at December 31, 2024, up 13% from 16.9 EH/s a year earlier.[37]
  • Electricity represented more than 80% of surveyed Bitcoin miners’ cash-based operating expenses in 2024.[18]
  • 99% uptime was reported for HIVE Digital Technologies’ mining operations in its 2025 operational update.[17]
  • $45/MWh was the median electricity cost reported by surveyed Bitcoin miners in 2024, while the median all-in cost was $55.5/MWh.[18]

Quality management in the crypto mining industry

  • Three years was CleanSpark’s estimated useful life for Bitcoin miners beginning in May 2024.[1]
  • 99% uptime was reported by HIVE Digital Technologies for its geographically diversified mining operations in 2025.[17]
  • 15.0–34.2 J/TH was the efficiency range of TeraWulf’s miner fleet at December 31, 2025.[1]
  • 26.4% of surveyed miners used Vnish firmware in 2024.[18]
  • 17.6% of surveyed miners used proprietary firmware in 2024.[18]

Supply chain in the crypto mining industry

  • 968 bitcoin was pledged to Bitmain in December 2024 in connection with a miner purchase agreement.[1]
  • 35,888 Bitmain T21 miners were ordered by Bitfarms for $95.5 million, equal to $14 per TH, with delivery in 2024.[1]
  • 82.0% of surveyed Bitcoin ASIC hardware was supplied by Bitmain in 2024, followed by MicroBT at 15.0% and Canaan at 2.1%.[18]
  • 2,776 bitcoin was pledged to Bitmain for miner purchases by American Bitcoin at December 31, 2025.[1]
  • $461.5 million was Marathon Digital’s approximate minimum future payment obligation under hosting arrangements extending over the following three years.[1]

Outsourcing / Offshoring in the oil and gas sector (sector benchmark)

  • Among supplementary outsourced or offshore resources in oil, gas and energy, 81% focused on contract administration in 2022.[38]
  • Among supplementary outsourced or offshore resources in oil, gas and energy, 27% handled accounts payable or receivable in 2022.[38]
  • Among supplementary outsourced or offshore resources in oil, gas and energy, 48% handled contract review and discovery in 2022.[38]
  • Across oil, gas and energy organizations, 16% used offshore resources for contract-commercial-management activities in 2022.[38]
  • Across oil and gas companies surveyed globally, 47% planned to increase their use of managed services in 2020.[39]

11 Statistics

Finance & Pricing

This section links mining economics to energy costs and diversification, including Core Scientific’s $24.4 million HPC hosting revenue in 2024.

Pricing strategy in the crypto mining industry

  • 0.17% of gross Bitcoin mining revenue was charged as mining-pool fees by Foundry in the fiscal year ended September 30, 2025.[1]
  • 63.8% of surveyed miners rated business-model diversification as at least very effective for managing industry risk in 2024.[18]
  • 0.16% of gross Bitcoin mining revenue was charged as mining-pool fees by Foundry in the fiscal year ended September 30, 2024.[1]
  • $24.4 million was Core Scientific’s HPC hosting revenue in 2024, compared with zero in 2023 after operations began at its Austin data center.[1]
  • $55.5/MWh was the median all-in operating power cost reported by surveyed Bitcoin miners in 2024.[18]

Cost reduction in the crypto mining industry

  • 3.7 cents/kWh was Riot Platforms’ all-in power cost after curtailment credits in fiscal 2025.[36]
  • $28,801 was Stronghold Digital Mining’s direct energy cost per Bitcoin at owned mining sites in 2024.[1]
  • $0.057/kWh was the average electricity cost for the reported mining company’s owned locations in fiscal 2025, versus $0.046/kWh in fiscal 2024.[1]
  • 31,445 was the value in thousands of dollars of Riot Platforms’ power-curtailment credits for the first nine months of 2024.[1]
  • 39.7% of Bitcoin mining revenue represented energy costs at the reported hosted-mining company in fiscal 2024.[1]

Profitability in the crypto mining industry

  • $61,000 per Bitcoin was Cango’s approximate 2025 cost from owned mining machines excluding depreciation.[1]
  • $98,000 per Bitcoin was Cango’s approximate 2025 cost from leased hashrate.[1]
  • $55,849 was Riot Platforms’ 2024 cost to mine one Bitcoin including miner depreciation.[40]
  • 48.5% was Riot Platforms’ 2024 cost to mine one Bitcoin excluding depreciation as a percentage of production value.[40]
  • $122,500 was the reported total cost to mine one Bitcoin including depreciation for the year ended December 31, 2025.[1]

Financial planning in the crypto mining industry

  • $24.4 million was Core Scientific’s HPC hosting revenue in 2024, demonstrating financial diversification beyond self-mining.[1]
  • $160.184 million was the amount of Bitcoin purchased by the reported company during fiscal 2025 in its annual Bitcoin reconciliation.[1]
  • $95.5 million was Bitfarms’ purchase commitment for 35,888 Bitmain T21 miners ordered in November 2023.[1]
  • 8,799 Bitcoin were mined by Marathon Digital in 2025, a decrease of 631 Bitcoin, or 7%, from 2024.[1]
  • 53,822 Bitcoin were held by Marathon Digital at December 31, 2025 after mining 8,799 Bitcoin and acquiring 4,267 Bitcoin during the year.[1]

12 Statistics

Product & Service

This section documents mining-product and service design details, including BGIN’s 97% minimum monthly server operating-time promise.

Product development in the crypto mining industry

  • US$63.1 million was Canaan’s research-and-development expense in 2025.[1]
  • 6 ASIC chips had completed tape-outs through 2024 on Intchains’ proprietary Xihe platform for altcoin-mining products.[41]
  • 1 product transition occurred in the second half of 2024, when Intchains stopped offering ASIC chips as standalone products.[41]
  • 2PIC systems were under development by MARA in 2024 for modular edge infrastructure and improved cooling efficiency.[16]
  • 2 major ASIC-design links—front-end and back-end design—are handled by Intchains in its altcoin-mining product development chain.[41]

Product lifecycle in the crypto mining industry

  • 3,094 Scrypt ASIC miners were operating across four U.S. colocation facilities at December 31, 2025.[1]
  • 6 stages are shown in Intchains’ ASIC production flow: design, tape-out, verification, trial production, mass production and partner fabrication.[41]
  • 1 engineering-change-order feedback loop returns unsatisfactory ASIC verification results to the design stage at Intchains.[41]
  • 1 product-line shift was completed by Intchains in 2024 from standalone ASIC chips toward integrated altcoin-mining machines.[41]
  • 12.5 MW was the total deployed power capacity of that 3,094-machine fleet at December 31, 2025.[1]

After-sales in the crypto mining industry

  • 2 service categories are described by BGIN for machine faults: free in-warranty repair and quoted post-warranty repair.[42]
  • 97% is the minimum monthly server operating-time level BGIN promises hosting customers, excluding specified outages and force majeure.[42]
  • 60 days of customer arrears trigger automatic termination of BGIN hosting agreements.[42]
  • 1 original manufacturer or third-party repair provider may be used by BGIN when on-site personnel cannot resolve a malfunction.[42]
  • 6 months of free warranty service are provided by BGIN for newly deployed mining machines.[42]

Value proposition in the crypto mining industry

  • 19.2 joules per terahash was MARA’s reported ASIC-fleet efficiency at December 31, 2024.[16]
  • 70% was the approximate share of MARA’s data-center portfolio capacity owned by the company in 2024.[16]
  • 16.4 joules per terahash was HIVE’s global fleet efficiency after firmware optimization in 2026.[1]
  • 36.5 EH/s of computing power was sold by Canaan in 2025, up 40.7% year over year.[1]
  • 1.7 GW was the capacity of MARA’s energy portfolio across 16 data centers at December 31, 2024.[16]

13 Statistics

Sustainability & Ethics

This section quantifies energy sources and emissions context, including 42.6% renewables in 2024 and 288.2 grams of CO2e per kWh for Bitcoin mining.

Sustainability in the crypto mining industry

  • 138 TWh was the estimated annual electricity consumption of Bitcoin mining globally in 2024.[18]
  • 38.2% of Bitcoin mining electricity came from natural gas globally in 2024, making it the largest single energy source.[18]
  • 75.4% of reported Bitcoin mining activity was located in the United States in the 2024 industry survey.[18]
  • 7.1% of reported Bitcoin mining activity was located in Canada in the 2024 industry survey.[18]
  • 42.6% of Bitcoin mining electricity came from renewable sources globally in 2024.[18]

ESG in the crypto mining industry

  • 0.5% of global electricity consumption was estimated to be used by Bitcoin mining in 2024.[18]
  • 32.3 TWh of electricity was consumed by 34 large United States Bitcoin mines from mid-2022 to mid-2023.[43]
  • 70 TWh per year was the U.S. Energy Information Administration’s estimated cryptocurrency-mining electricity use based on an 80% utilization rate in 2023.[44]
  • 1.9 million Americans were exposed to at least 0.1 μg/m³ of additional PM2.5 pollution attributable to the studied Bitcoin mines from mid-2022 to mid-2023.[43]
  • 3,000–4,000 MW was the estimated total power capacity of 137 United States Bitcoin mines as of March 2023.[43]

Circular economy in the crypto mining industry

  • 2.3 kilotonnes was the estimated Bitcoin-mining e-waste generated globally in 2024.[18]
  • 61.8 EH/s of Bitcoin-mining hashrate was projected to be phased out by the end of 2024.[18]
  • 13.1% of expected Bitcoin-mining hardware retirements was estimated to become non-recycled e-waste in 2024.[18]
  • 30.7 kilotonnes was the estimated annual Bitcoin-mining e-waste generation as of May 2021.[45]
  • Less than 1.5 years was the estimated useful life of Bitcoin-mining hardware in 2021.[46]

Carbon footprint in the crypto mining industry

  • 7.2 MtCO₂ per year was the combined carbon emissions estimated for 13 publicly listed United States Bitcoin miners in 2022.[47]
  • 110–170 million metric tons was the estimated global carbon dioxide emissions from crypto-asset mining in 2022.[48]
  • 288.2 grams of CO₂e per kWh was the estimated Bitcoin-mining emissions intensity in 2024.[49]
  • 0.4%–0.8% was the estimated share of United States carbon dioxide emissions attributable to crypto-asset mining in 2022.[48]
  • 25–50 million metric tons was the estimated United States carbon dioxide emissions from crypto-asset mining in 2022.[48]

15 Statistics

Globalization & Expansion

This section frames geographic footprint and capacity scaling signals, including the United States representing 37.8% of global Bitcoin hashrate in Q4 2025.

Globalization in the crypto mining industry

  • The two largest Bitcoin ASIC manufacturers had sold more than 5 million machines worldwide by 2019.[18]
  • BitFuFu provided mining solutions through facilities on three continents and had access to approximately 478 MW of hosting capacity as of December 31, 2025.[1]
  • BitFuFu reported mining facilities and operations across the United States, Canada, Ethiopia and other jurisdictions through its global hosting network in 2025.[1]
  • 37.8% of global Bitcoin mining was estimated to occur in the United States in January 2022, compared with 3.4% in January 2020.[56]
  • 35.5% of global Bitcoin computing power was in the United States shortly after China’s 2021 mining ban, up from 4% before the ban.[34]

Cultural adaptation in the crypto mining industry

  • Crypto-mining facilities were identified in 15 U.S. communities in research examining local economic and social effects.[57]
  • HIVE stated that its global operating model used five languages across nine time zones in 2025.[17]
  • Argo Blockchain hired more than half of its approximately 50 employees from the local community in Dickens County, Texas.[58]

Supplier management in the crypto mining industry

  • More than two-thirds of surveyed crypto-mining hardware manufacturers reported that equipment was primarily produced in a single country in 2019.[18]
  • BitFuFu sourced mining equipment from Bitmain and other suppliers as of December 31, 2025.[1]
  • Two major ASIC manufacturers had sold more than 5 million mining machines worldwide by 2019, illustrating the scale of specialized hardware supply.[18]
  • Surveyed Bitcoin miners reported median electricity costs of $45 per megawatt-hour and median all-in costs of $55.50 per megawatt-hour in 2024.[18]
  • CleanSpark agreed to purchase 4,778 mining servers from two equipment suppliers in 2021.[17]

Stakeholder management in the crypto mining industry

  • Crypto-related worker spending supported an additional 123,000 U.S. jobs in 2026.[59]
  • Crypto activity supported 232,000 U.S. jobs in total in 2026, according to an economic-footprint study.[60]
  • Each direct U.S. crypto-industry job supported approximately six additional jobs elsewhere in the economy in 2026.[61]
  • New York had 53,766 crypto-supported jobs in 2026, according to the National Cryptocurrency Association’s state analysis.[59]
  • U.S. crypto companies directly employed 34,000 people and supported 75,000 supplier-industry jobs in 2026.[60]

Distribution channels in the crypto mining industry

  • BitFuFu offered hosted-mining services through facilities on three continents as of December 31, 2025.[1]
  • Millions of users bought mining contracts from cloud-mining providers in 2019, creating a retail distribution channel for mining exposure.[18]
  • The two largest ASIC manufacturers had more than 5 million machines sold worldwide by 2019 through hardware-distribution channels.[18]
  • BitFuFu allowed users to purchase cloud-mining contracts through its mobile application or website in 2025.[1]

Key questions about the Crypto Mining Industry

What is the size of the crypto mining market in 2025, and what is the forecast for 2032?
The global cryptocurrency-mining market was valued at $1.8 billion in 2025. Fortune Business Insights forecasts it will reach $3.0 billion by 2032.
How fast is the crypto mining market expected to grow from 2026 to 2034?
Fortune Business Insights forecasts an 8% CAGR during the forecast period, stated as 2026–2034.
Which companies lead the crypto mining industry?
Bitmain leads Gitnux's 2026 crypto mining ranking with an Overall score of 9.6, with ANTMINER described as a leading global digital-currency mining-server brand. MicroBT is the runner-up at 9.2, backed by WhatsMiner described as a global Bitcoin mining hardware brand.
How are technology and revenue sources shifting by 2026?
CoinShares reports that 70% of listed bitcoin miners’ revenue could come from AI by the end of 2026, versus roughly 30% in early 2026. Core Scientific also reported $70.5 million of AI-cloud revenue in the second quarter of 2026.
What does the mining market structure look like in terms of pool concentration?
Bitcoin mining-pool activity is highly concentrated: Foundry, Antpool, ViaBTC and F2Pool collectively controlled more than 75% of observed Bitcoin hashrate in a six-month period ending December 30, 2024. Foundry alone accounted for 35.8%.
What constraints most strongly shape mining economics?
Mining economics depend mainly on cryptocurrency prices, block rewards, network difficulty, and electricity costs. Electricity represented more than 80% of surveyed Bitcoin miners’ cash-based operating expenses in 2024.
Reference

Cite This Report

This report is designed to be cited. We maintain stable URLs and versioned verification dates. Copy the format appropriate for your publication below.

APA
Marie Larsen. (2026, February 13). Crypto Mining Industry Statistics. Gitnux. https://gitnux.org/crypto-mining-industry-statistics
MLA
Marie Larsen. "Crypto Mining Industry Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/crypto-mining-industry-statistics.
Chicago
Marie Larsen. 2026. "Crypto Mining Industry Statistics." Gitnux. https://gitnux.org/crypto-mining-industry-statistics.

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