Apr 4th 2022
Bitcoin’s hashrate is going public
An increasing share of Bitcoin's hashrate is controlled by publicly-listed companies, driven by private miners going public and faster capacity expansion among public miners.
Source: Public miners’ investor materials, Blockchain.com
Publicly listed miners' share of the Bitcoin hashrate is 19%, up from only 3% in January 2021.
Many mining companies have gone public during this period, bringing private hashrate to the public markets. An example is Core Scientific, with a self-mining capacity of 8.2 EH/s, going public this January.