Recent data indicates that US-based corporate miners control over 30% of the Bitcoin network's hashrate. This growth raises questions about the future of digital currency mining.
Corporate Miners and Their Influence on Hashrate
According to Matthew Sigel, head of digital assets research at Van Eck, corporate miners have crossed the 30% mark of Bitcoin's hashrate. In total, exchange-listed miners now account for 31.8% of the network's hashrate.
Long-Term Strategies and New Technologies
Long-term corporate miners maintain a lower cost basis, allowing them to hold coins for extended periods. Bitcoin mining is currently viable at prices above $100,000, with large miners not hesitating to build new data centers to capitalize on remaining block rewards.
The Future of Bitcoin Mining
Miners are seeking ways to expand operations, especially following the 2024 halving. Companies like Mara Holdings, Riot Platform, and IREN are leveraging traditional fundraising to shift towards AI computing. Corporate miners are becoming more efficient, pushing smaller operations out of the market.
Corporate Bitcoin miners are playing a pivotal role in the future of mining, holding a significant market share and leveraging new technologies to ensure long-term sustainability.
