{"id":58885,"date":"2022-03-17T14:02:36","date_gmt":"2022-03-17T12:02:36","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=58885"},"modified":"2025-09-04T19:02:55","modified_gmt":"2025-09-04T16:02:55","slug":"opinion-american-miners-will-gain-market-share-and-bitcoins-on-their-balance-sheets","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/opinion-american-miners-will-gain-market-share-and-bitcoins-on-their-balance-sheets\/","title":{"rendered":"Opinion: American miners will gain market share and bitcoins on their balance sheets"},"content":{"rendered":"<p>Public mining companies from Canada and the United States are set to grow their combined hashrate share and the amount of Bitcoin they hold in 2022. Analysts at Arcane Research forecast this.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">The Weekly Update: Week 10<\/p>\n<p>\ud83d\udd39The highly correlated crypto markets are signaling a risk-averse sentiment. <br \/>\ud83d\udd39VIX index climbs to a 14-month high.<br \/>\ud83d\udd39The ambitious expansion plan from public bitcoin miners will likely enhance American hashrate dominance.<a href=\"https:\/\/t.co\/SlmibFuk3d\">https:\/\/t.co\/SlmibFuk3d<\/a><\/p>\n<p>\u2014 Arcane Research (@ArcaneResearch) <a href=\"https:\/\/twitter.com\/ArcaneResearch\/status\/1503759862752292876?ref_src=twsrc%5Etfw\">March 15, 2022<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Currently, the leader by hashrate in the Bitcoin network is Core Scientific. Its 8.2 EH\/s accounts for 4.1% of total hashrate.<\/p>\n<p>They are followed by Riot Blockchain, Marathon Digital Holdings and Northern Data with 3.9 EH\/s, 3.8 EH\/s and 3.5 EH\/s respectively. Completing the top ten are Argo Blockchain and Bit Digital (1.6 EH\/s each).<\/p>\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" loading=\"lazy\" decoding=\"\" width=\"760\" height=\"560\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/1-634.png\" alt=\"\u041c\u043d\u0435\u043d\u0438\u0435: \u0430\u043c\u0435\u0440\u0438\u043a\u0430\u043d\u0441\u043a\u0438\u0435 \u043c\u0430\u0439\u043d\u0435\u0440\u044b \u0443\u0432\u0435\u043b\u0438\u0447\u0430\u0442 \u0434\u043e\u043b\u044e \u0440\u044b\u043d\u043a\u0430 \u0438 \u0431\u0438\u0442\u043a\u043e\u0438\u043d\u044b \u043d\u0430 \u0431\u0430\u043b\u0430\u043d\u0441\u0435\" class=\"wp-image-167877\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/1-634.png 760w, https:\/\/u1f987.com\/wp-content\/uploads\/1-634-300x221.png 300w\" sizes=\"auto, (max-width: 760px) 100vw, 760px\" \/><figcaption>Data: Arcane Research.<\/figcaption><\/figure>\n<\/div>\n<p>Arcane Research expects the balance of power to shift by year-end. Total hashrate will rise by 50% to 300 EH\/s, and the top-10 American public companies&#8217; aggregate computing power will be 4.7 times higher.<\/p>\n<p>They would account for nearly a third of the total. For comparison, the shares of US and Canadian miners in August <a href=\"https:\/\/u1f987.com\/en\/news\/us-takes-the-lead-in-bitcoin-hashrate-share\">2021<\/a> were 35.4% and 9.6%, respectively (data from the Cambridge Centre for Alternative Finance)<\/p>\n<p>Marathon will benefit the most in this regard (up 513% to 23.3 EH\/s) and will take the lead. Core Scientific with 20.5 EH\/s (+150%) will drop to second place.<\/p>\n<p>Mining companies are sticking to a bitcoin-holding strategy. They can cover operating costs by raising equity and debt capital.<\/p>\n<p>Marathon&#8217;s balance sheet holds 8,956 BTC, while <a href=\"https:\/\/www.theblockcrypto.com\/post\/92378\/nasdaq-marathon-patent-group-buys-bitcoin-btc-treasury-reserves\">4,813 BTC was acquired<\/a> on the open market. According to <a href=\"https:\/\/bitcointreasuries.net\/\">Bitcoin Treasuries<\/a>, the firm ranks third by bitcoins held in reserves, after Tesla (43,200 BTC) and MicroStrategy (125,051 BTC).<\/p>\n<p>According to the resource, six of the ten companies in this ranking are mining companies. The top-3 also include Core Scientific (7,355 BTC) and Hut 8 Mining (6,155 BTC)<\/p>\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"737\" height=\"566\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/2-528.png\" alt=\"\u041c\u043d\u0435\u043d\u0438\u0435: \u0430\u043c\u0435\u0440\u0438\u043a\u0430\u043d\u0441\u043a\u0438\u0435 \u043c\u0430\u0439\u043d\u0435\u0440\u044b \u0443\u0432\u0435\u043b\u0438\u0447\u0430\u0442 \u0434\u043e\u043b\u044e \u0440\u044b\u043d\u043a\u0430 \u0438 \u0431\u0438\u0442\u043a\u043e\u0438\u043d\u044b \u043d\u0430 \u0431\u0430\u043b\u0430\u043d\u0441\u0435\" class=\"wp-image-167878\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/2-528.png 737w, https:\/\/u1f987.com\/wp-content\/uploads\/2-528-300x230.png 300w\" sizes=\"auto, (max-width: 737px) 100vw, 737px\" \/><figcaption>Data: Arcane Research.<\/figcaption><\/figure>\n<\/div>\n<p>In February <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-miners-revenue-in-february-fell-by-13\">Bitcoin miners&#8217; revenue fell by 13%<\/a>, just over $1 billion.<\/p>\n<p>Earlier, Compute North <a href=\"https:\/\/u1f987.com\/en\/news\/compute-north-raises-385-million-to-expand-mining-infrastructure-in-the-united-states\">raised $385 million<\/a> to expand mining infrastructure in the United States.<\/p>\n<p> Subscribe to ForkLog news on Telegram: <a href=\"https:\/\/t.me\/forklogfeed\" target=\"_blank\" rel=\"nofollow noopener\">ForkLog Feed<\/a> \u2014 the full news feed, <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">ForkLog<\/a> \u2014 the most important news, infographics and opinions <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Public mining companies from Canada and the United States are set to grow their combined share of hashrate and the amount of Bitcoin they hold in 2022. Analysts at Arcane Research forecast this.<\/p>\n","protected":false},"author":1,"featured_media":58886,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1137,1211,26],"class_list":["post-58885","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-mining","tag-stock-market","tag-usa"],"aioseo_notices":[],"amp_enabled":true,"views":"22","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/58885","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=58885"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/58885\/revisions"}],"predecessor-version":[{"id":58887,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/58885\/revisions\/58887"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/58886"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=58885"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=58885"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=58885"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}