Bitcoin Mining Companies March 2024 Recap
Unit: Number of BTC
Bitcoin Mining Daily Production Benchmarks
The amount of BTC that one EH/s of operating hashrate should produce each day in a month
Realized Hashrate of Bitcoin Mining Companies
Unit: EH/s
Realized hashrate derives from one's production of bitcoin and bitcoin equivalent from proprietary hashrate
Bitcoin Hashrate Realization Rate by Companies
To what extent a mining operation has turned its installed proprietary hashrate into effective BTC and BTC equivalent production
Price-to-Hash Ratio of Public Bitcoin Mining Companies
Unit: U.S dollars per TH/s in realized hashrate
The market cap of Hut8 and Riot has been adjusted for the self-mining segment using a revenue fair share approach
Monthly Summary of Public Bitcoin Mining Companies
Unit: Number of BTC
Aggregating data from 17 public companies with bitcoin self-mining business
Market Share of Bitcoin Mining Companies
Based on the share of a company's BTC production over bitcoin's total block rewards in a month
Monthly Bitcoin Block Rewards Breakdown
2023 YTD Top Bitcoin Production, Liquidation and Holdings
Unit: Number of Bitcoin
Market Share of Top 10 Bitcoin Mining Pools
By Monthly Total Blocks Mined
Implied Fleet Hashcost from Proprietary Hashrate of Mining Companies
Unit: $US/PH/s
Excludes depreciation; includes BTC equivalent generated from proprietary hashrate activities besides self-mining.
Implied Total Hashcost from Proprietary Hashrate of Mining Companies
Unit: $US/PH/s
Total hashcost includes fleet hashcost as well as corporate and financial hashcosts.
Bitcoin Mining Daily Hashcost by Equipment
Unit: U.S dollars per PH/s
Implied Cost of Bitcoin Production from Proprietary Hashrate
Unit: U.S dollars per BTC mined
Excludes depreciation; includes BTC equivalent generated from proprietary hashrate activities besides self-mining.
Estimated Gross Margin of Proprietary Bitcoin Hashrate Activities
Excluding depreciation and amortization expenses
Implied All-in Cost of Mining from Proprietary Hashrate
Unit: U.S dollars in thousands per BTC
All-in mining costs include the cost of bitcoin production as well as corporate overhead and financial expenses
Net-Debt-to-Hash Ratio of Mining Companies
Unit: U.S dollar per TH/s of realized hashrate
D/E Ratio of Bitcoin Mining Companies
The debt-to-equity ratio indicates a mining operation's leverage level
Consolidated Cash Flow Activities of Public Mining Companies
Unit: U.S dollars in millions
Includes data from 17 public mining operations
2022 Bitcoin Production, Liquidation, and Holdings
Unit: Number of BTC
Equity Financing by Individual Mining Companies
Unit: U.S dollars in millions
Net Spending on PP&E by Individual Mining Companies
Unit: U.S dollars in millions
Debt Financing by Individual Mining Companies
Unit: U.S dollars in millions