Marathon Digital has recently taken the top spot on CoinGecko‘s list of mining companies based on the amount of digital assets they have mined.
With 13,726 BTC at their disposal, Marathon makes up about 35% of all bitcoins managed by cryptocurrency mining firms.
Their extensive fleet consists of over 150,000 mining installations, with a total hashrate of 23.1 EH/s – accounting for 4.8% of the overall network capacity.
The company also ranks highly in market capitalization, coming in at $1.64 billion. In the last 12 months, Marathon has generated revenue of $17 million, seeing a significant increase of 47.8% compared to the previous period.
However, Riot Platforms takes the top spot for market capitalization, with an impressive $1.94 billion and reserves of 7309 BTC.
This miner also reported strong annual revenue of $250 million.
Overall, analysts have pointed out that the 14 largest cryptocurrency mining companies only hold a small fraction of Bitcoin’s total maximum supply of 21 million coins, with just 38,903 BTC in their collective reserves.
This is significantly less than the holdings of MicroStrategy, who currently hold 158,400 BTC.
