Bitcoin is a digital currency that relies on blockchain technology to track transactions. Now that bitcoin mining operations are becoming more common, several companies are involved in this process, and many more are entering the market yearly. Here is a list of four companies that have made headlines for their involvement in bitcoin mining.
Riot Blockchain is a cryptocurrency mining company focusing on the production of bitcoins. The company’s headquarters are located in the United States.
Due to their limited supply and increasing popularity as an alternative form of payment, bitcoins have seen their value skyrocket over time. That influences the decision for entities like Riot Blockchain to continue mining bitcoins.
HIVE Blockchain Technologies (HVBTF) is a Canadian company with mining operations in Iceland, Sweden, and Norway. HIVE is listed on the Toronto stock exchange.
Their business model involves buying up existing mining operations, then selling shares of those mines to investors. These “equity tokens” are tradable on Ethereum-based exchanges.
Bitfarms, formerly Crypto Global, is a Canadian company that operates in Quebec. The company was acquired by First Block Capital in May 2018 and changed its name to Bitfarms.
Bitfarms mines bitcoin and other cryptocurrencies with its data center in Quebec, Canada. The company hopes to expand into other mining operations.
Hut 8 Mining Corp. is a Canadian-based company listed on the Toronto Stock Exchange (TSX: HUT). It was founded in 2017 and operates a bitcoin mining facility in Drumheller, Alberta.
Hut 8 Mining Corp. is a subsidiary of Bitfarms, which owns and operates several other cryptocurrency mining operations worldwide.
Many companies are entering the bitcoin mining industry, but these four are among the biggest. This list is incomplete, as many other smaller ones may have just started to enter this space.
However, it should be enough to get you started with your research into cryptocurrency mining companies and their investment opportunities.
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